Sri Lanka’s Cabinet of Ministers has reportedly granted approval to construct four colour-coded elevated railway tracks that will connect Colombo to its most populous suburbs.
Blackstone Group, one of the world’s leading private equity firms, has reportedly entered Sri Lanka, buying a 56.45% stake in Piramal Glass Ceylon PLC for Rs. 6.2 billion
Renewable energy giant Windforce Ltd.’s Initial Public Offering (IPO) worth Rs. 3.2 billion, biggest in nine years, has seen an oversubscription of eight times triggering a demand worth nearly Rs. 26 billion
Sri Lanka’s premier domestic airline, Cinnamon Air, is to reportedly resume domestic charter flight operations from April after a long halt brought about by the global Covid 19 pandemic.
The government of Sri Lanka has reportedly gazetted a Bill to provide for the establishment of the Colombo Port City (CPC) Special Economic Zone and is to be presented to Parliament this April.