Colombo, Sri Lanka — September 15, 2025 Sri Lanka has made a strong showing in its economic recovery, recording a 4.9% GDP growth rate in the second quarter (April–June) of 2025 compared to the same period last year. Key Drivers Implications for Business & Investment Challenges Ahead Infrastructure & Capacity Constraints: To sustain growth, investments […]
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 […]
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 […]
