Bloomberg – Emerging-market borrowers are tapping the euro bond market at the fastest pace in over a decade, capitalizing on the rising demand for diversification away from the US dollar. The surge is being fueled by robust demand for developing debt, with non-dedicated investors playing a bigger role as credit quality improves. While euro-denominated bonds still account…
Bangladesh’s Central Bank (Bangladesh Bank) hosted a special award ceremony at its headquarters in Motijheel on 17 July 2025, to formally recognise officials from Sri Lanka’s Pan Asia Banking Corporation PLC (PABC) for their role in preventing a US$ 20 million fraudulent transaction during the infamous 2016 Bangladesh Bank reserve heist incident. This ceremony, described…
In a decisive move to strengthen macroprudential policy and mitigate systemic financial risks, the Central Bank of Sri Lanka (CBSL), acting as the Macroprudential Authority, has issued new Directions to licensed financial institutions to impose maximum caps on loan-to-value (LTV) ratios for vehicle-related credit facilities. The directive, which takes effect from 18 July 2025, applies…
BBC – Lawmakers in the US have passed the country’s first major national cryptocurrency legislation. It is a major milestone for the once fringe industry, which has been lobbying Congress over regulation for years and poured millions into last year’s election, backing candidates that included Donald Trump. The bill sets up a regulatory regime for…
New Market Opportunities Explored A meeting was held yesterday (17) at the Presidential Secretariat between the Secretary to the President Dr. Nandika Sanath Kumanayake and officials from institutions related to the tea industry. The discussion reviewed the issues that have emerged within Sri Lanka’s tea industry. Special attention was paid to improving the quality of…
The Railway Department, in collaboration with the Central Cultural Fund (CCF), has launched a new initiative aimed at increasing the appeal of the Nine Arch Bridge in Ella and its surrounding areas to both local and international tourists. According to the Railway Department, the program will include decorative lighting installations around the iconic bridge, enabling…
The Committee on Public Finance approved the Regulations under the Tea (Tax and control of export) Act, No. 16 of 1959. This approval was given at the Committee on Public Finance meeting held recently (15) in Parliament under the chairmanship of Hon. Member of Parliament (Dr.) Harsha de Silva. Accordingly, officials stated that a license…
Tysers notes the recent public commentary regarding the awarding of a reinsurance tender involving the National Insurance Trust Fund (NITF). Tysers operates as a technical reinsurance partner, providing access to international markets and capacity in support of Sri Lanka’s national insurance objectives. Tysers has a long-standing commitment to Sri Lanka, offering reinsurance expertise since the early…
Port City Colombo participated as a Strategic Partner at the Sri Lanka Investor Trade & Tourism Forum 2025, held on 11th July 2025 in Kuala Lumpur, Malaysia. The event was organised by the Sri Lankan High Commission in Kuala Lumpur, in collaboration with CHEC Port City Colombo (Pvt) Ltd — the project developer. The aim…
Applied Graphite Technologies Corporation (“AGT”) (TSXV: AGT), which is developing the Queens Mine Complex in Sri Lanka, has announced an amendment to its previously announced non-brokered private placement offering. The company now plans to offer up to 16,666,667 common shares (“Common Shares”) at a price of Cdn$0.06 per share for gross proceeds of up to…
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