The Asian Development Bank (ADB) is mobilising $ 50 billion by 2035 through new financing tools, policy support, and partnerships to help countries build cross-border power grids across some of the world’s most complex regions, aiming to lower energy costs, strengthen reliability, and expand clean energy trade, ADB President Masato Kanda said this week.
https://www.ft.lk/business/ADB-to-mobilise-50-b-to-turn-regional-connectivity-into-action/34-791552#
SL, Indian CEOs explore investments in fintech, manufacturing and tech corridor
Sri Lanka is looking to deepen economic engagement with India through new investments in technology, manufacturing, and strategic infrastructure, following high-level discussions between Industry and Entrepreneurship Development Minister Sunil Handunneththi and a delegation from the Indian CEO Forum.
Stability, reform key to positioning Sri Lanka as regional hub: Economist
ECONOMYNEXT — As the conflict in West Asia threatens the global hub status of places like Dubai and Doha, Sri Lanka could position itself as a safe haven for capital and talent in the Indian Ocean with the proper reforms, an economist has said.
Electric buses key to resolving private bus industry crisis: Gemunu
Colombo, April 7 (Daily Mirror) – The only sustainable solution to the severe financial and technological crisis faced by Sri Lanka’s private bus industry is a transition to electric buses, Chairman of the Lanka Private Bus Owners’ Association (LPBOA), Gemunu Wijeratne, said.