Colombo, Sri Lanka – September 2025 Sri Lanka has recorded a remarkable 101% increase in Foreign Direct Investments (FDIs) for 2025 so far, reaching USD 569 million, compared to the same period last year. The data, released by the Board of Investment (BOI), reflects growing investor confidence in the island’s economic recovery. 🔹 Key Sectors […]
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 […]
