Education in Sri Lanka has, in the past, always been the holy ground of the academia. Employability however has not always followed, leading to a plethora of problems among the highly educated but unemployed youth of the country.

Environment Resource Investments Plc (ERI) is abandoning a planned rights issue to raise over Rs.4 billion due to the unstable country situation after major shareholders led by its main stakeholder Lionhart Investment Ltd backed a resolution not to proceed with the issue.

Telecom giant Maxis, part of the Global Telecommunications Holdings (GTH) of Malaysia, is playing host to visits by several senior officials from Sri Lanka Telecom (SLT) and a group of Sri Lankan journalists – a few weeks after buying a 35 percent stake in SLT.