The Government has made arrangements to mobilize foreign financing of US$ 2,439 million by entering into 19 Agreements with foreign development partners and lending agencies from 1 January to 30 April 2019, to support the public investment program, the mid-year fiscal report released by the Finance Ministry said. This mobilization consists of US$ 2,431 million…
Sri Lanka Ports Authority has recorded a profit of Rs.10.5 billion in the first four months of 2019 and debt to banks was Rs.11,957 million during the period , the Finance Ministry said in its latest mid-year fiscal report. Steps have been taken by SLPA to increase the efficiency of the port by enhancing the…
By the end of April 2019, the total outstanding external debt of the Government was US $32.83 billion, the Mid-Year Fiscal Position Report which was released by the Ministry of Finance yesterday (1 July) revealed. Total debt service payments from 1 January to 30 April 2019 amounted to US $2,331.5 million. Of which, US $1,904.7…
The total loss of SriLankan Airlines has increased to Rs.12.9 billion in the first four months of 2019, while the total debt of SLA has exceeded US $750 million, the mid-year fiscal report released yesterday (01) by the Finance Ministry revealed. “The Government is currently bearing USD 375 million and Rs.26,250 million of contingent liabilities…
Range of scholarships available for the University of Technology Sydney To celebrate the launch of Colombo’s newest international higher education college, senior executives of the ‘UTS Insearch Sri Lanka’ college have announced plans to offer 10 merit-based scholarships for its students. The official launch of the college will be held on 4 July…
Fitch Ratings has assigned Sri Lanka’s $ 500 million 6.35% bonds due 2024 and $ 1.5 billion 7.55% bonds due 2030 a final rating of ‘B’. The final rating is in line with the expected rating assigned on 24 June. The bonds ratings are in line with Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR)…
(Reuters) – Sri Lankan shares ended steady on Monday, hitting their highest close in more than a week, while the rupee edged up on dollar sales as month-end inward remittances surpassed greenback demand from importer, market sources said. ** The benchmark stock index ended up 0.08% at 5,376.67, its highest close since June 19. The…
Bringing together the community to collaborate in a unique initiative, the campaign, Positive Sri Lanka, is calling on businesses, big and small, to participate in generating positive momentum in the economy. Initiated by a group of like-minded private citizens coming together to address the needs of this economic crisis, the Positive Sri Lanka campaign was…
Fitch Ratings-Colombo/Taipei-01 July 2019: Fitch Ratings has revised the Outlook on Mercantile Investments and Finance PLC (MIF) to Negative from Stable and has affirmed the ratings. At the same time, Fitch has affirmed the ratings of the following Sri Lankan finance companies: – Central Finance Company PLC (CF) – LB Finance PLC (LB) – Senkadagala…
Sampath Bank in a stock exchange filing on Friday (28) announced that the Board of Directors was successful in allotting all of the shares that remained unsubscribed at the close of the Rights issue of the Company. Accordingly, the Bank has successfully raised Rs. 12.1 billion via its Rights Issue. The Rights Issue involved 89…
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