ECONOMYNEXT – Sri Lanka’s China-backed Hambantota Port and Sinopec said High Sulphur Fuel Oil has been added to the range of ship fuels. The HSFO is stored in 6,000 cubic meters of storage in two tanks in at the port,…
ECONOMYNEXT – The Ceylon Chamber of Commerce has launched its annual Outlook Report 2025 providing a three-part analysis of Sri Lanka’s progress toward economic recovery. “This year’s report not only reflects on challenges but also provides a roadmap for sustainable…
When Rakhil Fernando was appointed CEO of Yabi, a UAE-based financial technology and education platform, in September 2024, the company was at a crucial crossroads. It needed to find growth, redefine its purpose, and reignite its potential. Five months later,…
ECONOMYNEXT – Nitesh Banga has been appointed President and CEO of Virtusa Corporation, a global digital engineering and IT outsourcing services provider. Banga joins Virtusa from GlobalLogic, a Hitachi Group company, where he was President and CEO. He is an industry…
ECONOMYNEXT – Sri Lanka has increased its Navy raids, monitoring, and arrests of Indian fishermen in the island nation’s waters in the Northern sea to prevent illegal encroachment, Cabinet Spokesman Nalinda Jayatissa said. His statement comes a week after India’s…
ECONOMYNEXT – Sri Lanka stocks closed 2.9 percent weaker on Wednesday due to a possible correction, with some profit taking leading to selling pressure, brokers said. “The market was down partly because of a correction, and partly due to selling…
ECONOMYNEXT – While more Sri Lankan corporates are taking sustainability disclosures more seriously, reporting rigorously on environmental impacts is still lacking, the Centre for a Smart Future (CSF) has said. “A prevalent issue is the focus on compliance-driven reporting rather…
ECONOMYNEXT – While more Sri Lankan corporates are taking sustainability disclosures more seriously, reporting rigorously on environmental impacts is still lacking, the Centre for a Smart Future (CSF) has said. “A prevalent issue is the focus on compliance-driven reporting rather…
ECONOMYNEXT – Sri Lanka’s Attorney-General has released three key suspects in the long-running assassination case of high-profile editor Lasantha Wickrematunge, according to documents in a move that has stunned those who were seeking justice. Attorney-General Parinda Ranasinghe (Jnr) has ordered…
ECONOMYNEXT – Sri Lanka’s West Container Terminal built with India’s Adani Ports is expecting its test vessel after commissioning cranes in February, its joint venture partner said, as India’s newly built Vizhinjam port marks 150 vessels. “The construction and installation…
