The Examiner
JP Morgan Chase, the world’s largest bank by market capitalisation, bought Sri Lankan start-up WealthOS for an undisclosed sum on Tuesday. The deal is larger than the London Stock Exchange Group’s purchase of MillenniumIT.
The Examiner got the long-awaited Preliminary Transfer Plan for CEB’s restructure, approved by Cabinet this week — engineers may challenge it in court. Although the power reform czar resigned, electricity reforms will continue. Disagreement is still rife about the draft electricity policy.
Industry exporters hope that the coconut exports will beat tea this year. But low yield, driven by leisurely farming practices, is worrying the booming industry.