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Hambantota Refinery: Sinopec’s $3.7 Billion Push for Energy Independence

Sri Lanka is preparing for one of the largest-ever foreign direct investments in its history, with China’s Sinopec Group moving forward on a US$3.7 billion oil refinery project in Hambantota. This mega-project comes at a time when Sri Lanka is seeking to secure energy independence and reduce reliance on volatile global fuel markets. Project Scope […]

September 17, 2025

By SLDirectory

Sri Lanka Aims for 6% GDP Growth by 2026 Amidst Economic Challenges

Sri Lanka is setting ambitious economic goals, targeting 6% GDP growth by 2026. This projection is supported by a record capital expenditure of 1.4 trillion rupees (approximately $4.64 billion) allocated for infrastructure development and investment. However, the outlook for 2025 appears more modest, with growth expectations ranging between 4% and 4.5%, primarily due to delays […]

September 16, 2025

By SLDirectory

IonQ’s $1.075B Acquisition of Oxford Ionics: A Quantum Leap in Computing

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 […]

September 16, 2025

By SLDirectory

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