International Development Partners Pledge Strong Support for Sri Lanka’s Relief and Recovery After Cyclone Ditwah The Ministry of Finance Wednesday (03) convened a high-level donor forum bringing together diplomatic missions, bilateral and multilateral development partners and international lending agencies to assess the aftermath of Cyclone Ditwah and coordinate assistance for national relief, rescue and restoration…
Fitch Ratings – Surging IT investment and wealth effects from buoyant equity markets are cushioning the impact of higher tariffs on the US economy, Fitch Ratings says. We have raised our world growth forecasts in our December Global Economic Outlook (GEO) but still expect growth to slow to 2.5% this year and to 2.4% in…
Asian Development Bank (ADB) President Masato Kanda on Wednesday announced that ADB will provide immediate grant support of up to $3 million to Sri Lanka; $2 million to Thailand; and $2 million to Viet Nam, following requests for support from the governments. “I am deeply saddened by the suffering caused by these devastating floods,” said…
As Sri Lanka races against time to restore access to devastated communities after Cyclone Ditwah, CHEC Port City Colombo (Pvt) Ltd. has moved into immediate action. Within just 24 hours of committing support, the company has deployed its full fleet of critical disaster-response machinery to assist emergency repair operations along one of the country’s most…
The Sri Lanka Banks Association (SLBA) in a meeting with the Governor of the Central Bank of Sri Lanka (CBSL) today pledged its fullest support to revive the country’s economy following the damage inflicted by Cyclone Ditwah. The banks represented by the Association stated that a detailed impact assessment has already been initiated across banks…
Nations Trust Bank PLC (NTB) is pleased to announce that the Bank has received the approval from the Central Bank of Sri Lanka (CBSL) to acquire The Hongkong and Shanghai Banking Corporation, Sri Lanka’s (HSBC Sri Lanka) Retail Banking business. NTB and HSBC signed a binding Sale and Purchase Agreement in September this year, with…
Cinnamon Hotels & Resorts stands united with our communities during this period of adversity and remains committed to supporting recovery efforts while ensuring the safety and wellbeing of our guests and employees. Adverse weather linked to Cyclone Ditwah temporarily affected operations at several of our properties. At a time when many of our communities continue…
Deputy Minister of Digital Economy, Eranga Weeraratne Deputy Minister of Digital Economy, Eranga Weeraratne stated that the telephone and internet communication networks disrupted due to the recent disaster are expected to be fully restored by day after tomorrow. He noted that the Ministry of Digital Economy, the Telecommunications Regulatory Commission and all telecommunication service providers…
WealthTrust Securities Limited (WTS), one of Sri Lanka’s leading non-bank Primary Dealers, has announced the formal commencement of its Initial Public Offering (IPO) process, following the successful conclusion of its Media Launch and Investor Forum held earlier this week. The event, which drew strong interest from media personnel, investment analysts, and market participants, provided an…
In a powerful symbol of resilience and recovery, Sri Lanka today welcomed the luxury cruise ship Mein Schiff 06, operated by TUI Cruises, carrying more than 2,000 international passengers to the Colombo Port. This marks the first major tourist movement since last week’s natural disaster, sending a clear message to the world: Sri Lanka is…
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