In a significant move within the tech industry, IonQ, a leader in quantum computing, has announced the acquisition of Oxford Ionics, a UK-based quantum startup, for $1.075 billion. The deal comprises approximately $1.065 billion in IonQ stock and $10 million in cash, subject to customary closing adjustments. This acquisition positions IonQ as a formidable player […]
Sri Lanka is set to embark on a transformative energy project as China’s Sinopec prepares to commence construction of a $3.7 billion oil refinery near the Hambantota Port. Scheduled to begin operations in 2025, this state-of-the-art facility aims to process 200,000 barrels of crude oil daily, significantly enhancing Sri Lanka’s refining capacity and reducing its […]
In a significant step towards strengthening bilateral relations and promoting regional tourism, the Government of the Maldives has officially announced the issuance of free on-arrival tourist visas valid for 90 days to Sri Lankan citizens. According to the Presidential Media Division (PMD), this decision became effective on 29th July 2025, coinciding with President Anura Kumara […]
