Colombo, October 2025 —The Adani Group has formally withdrawn from its proposed US$440 million wind power project in Mannar and Pooneryn, citing regulatory uncertainties and environmental concerns. The exit, confirmed by the Ceylon Electricity Board (CEB), halts what would have been one of the largest renewable energy investments in Sri Lanka’s history. The Adani project, […]
Colombo, October 2025 —The World Bank’s latest Sri Lanka Development Update projects economic growth of 4.6% for 2025, but warns that the recovery remains uneven and vulnerable to external shocks. The report, titled “Resilience in Transition,” highlights that while inflation has moderated and reserves have improved, household income levels have not returned to pre-crisis conditions. […]
Colombo, August 2025The City of Dreams Sri Lanka, formerly known as Cinnamon Life, officially opened its doors in August 2025 as Sri Lanka’s first fully integrated resort. This landmark private investment is expected to transform the island’s high-end tourism, hospitality, and MICE (meetings, incentives, conferences, exhibitions) sector. Features and Offerings: Economic and Tourism Significance: Strategic […]
