The Adani Group clarified that the Sri Lankan Cabinet’s decision to reevaluate the tariff approved in May 2024 is part of a standard review process, particularly with a new government …
Ex-president Rajapaksa’s son arrested by Lanka police on corruption charges
Former Sri Lankan president Mahinda Rajapaksa’s son Yoshitha Rajapaksa was arrested by police on Saturday on corruption charges in a property purchase case.
Adani Group Refutes Claims Of Sri Lanka Wind Power Project Cancellation, Says Tariff Review A Standard Process
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.