Adani Group refutes claims that its Sri Lankan wind power projects have been cancelled, stating that the Sri Lankan government’s review of tariffs is a routine process.
Adani Group loses Sri Lanka power contract as deal revoked amid corruption allegations; group denies report
Sri Lanka’s government has reportedly revoked a power purchase agreement with Adani Group amid corruption allegations against its founder Gautam Adani. President Dissanayake’s administration is …
‘Misleading’: Adani Group denies report on Sri Lanka revoking power purchase deal
Adani Group has debunked rumors about the cancellation of their 484 MW wind power projects in Sri Lanka, asserting the deal is still on. The Sri Lanka …
Sri Lanka stocks close down 0.6-pct
ECONOMYNEXT – Sri Lanka stocks closed down 0.6 percent Friday, data on the Colombo Stock Exchange site howed. There was high volatility seen in the market during the day. “There was a correction in …
Sri Lanka needs a growth plan to avoid another crisis
Can Sri Lanka avoid another economic crisis? The economy is stabilising, but challenges remain. This opinion piece examines the need for an inclusive growth plan to address debt, brain drain, and …
Sri Lanka needs a growth plan to avoid another crisis
Can Sri Lanka avoid another economic crisis? The economy is stabilising, but challenges remain. This opinion piece examines the need for an inclusive growth plan to address debt, brain drain, and …
Adani Group admits Sri Lanka reviewing tariff in power deals, but calls it a ‘routine’ exercise
Group dismisses as ‘misleading’ reports in international media that Sri Lanka had cancelled Mannar & Pooneryn projects, hints review process not linked to November indictments by US.
Hotel chains cash in on demand, seek new opportunities in Sri Lanka
Hotel chains are looking to widen their footprint in Sri Lanka with the recovery of inbound tourism to the pre-Covid level.
Verticality key for Sri Lanka as apparel exports grow 5% in 2024
Sri Lanka’s apparel industry has recorded export earnings of $4.7bn in 2024, marking a year-on-year (YoY) growth of nearly 5% with the Joint Apparel Association Forum (JAAF) noting local fabric …
Verticality key for Sri Lanka as apparel exports grow 5% in 2024
Sri Lanka’s apparel industry has recorded export earnings of $4.7bn in 2024, marking a year-on-year (YoY) growth of nearly 5% with the Joint Apparel Association Forum (JAAF) noting local fabric …