Sri Lanka has been in negotiations with holders of Sri Lanka’s international sovereign bonds to restructure existing bonds to be exchanged for new securities. Sri Lanka has now reached an advanced stage of these negotiations as Agreements in Principle on restructuring terms were reached with foreign and domestic holders of sovereign bonds as announced on…
Senior Professor Hareendra Dissabandara has been appointed as the new Chairman of the Securities and Exchange Commission of Sri Lanka (SEC). He had previously served as SEC Director General from 2012-2013 as well as its Director of Financial Services Academy and Capital Market Education and Training Division from 2008-2012. Dissabandara is a Senior Professor of…
The Swedish government focused on developing renewable energy sector of Sri Lanka while increasing educational opportunities and mitigating the visa difficulties for Sri Lankan students in Sweden. These opinions were expressed in a discussion held between the Prime Minister Dr.Harini Amarasuriya and the Swedish Ambassador to Sri Lanka Mr. Jan Thesleff at the Prime Minister’s…
The Hambantota International Port (HIP) has marked a 40 percent increase in RORO vehicles handled between the 2nd and 3rd quarters of 2024. From 125,526 units handled in the 2nd quarter the port went up to 175,583 RORO units handled as at the end of September. A contributing factor to this is the increase in…
Sunshine Healthcare Lanka Limited (SHL), the healthcare arm of diversified conglomerate Sunshine Holdings PLC (CSE: SUN), announced the successful conclusion of the approximately LKR 3,270 million equity investment from the International Finance Corporation (IFC), a member of the World Bank Group. This landmark investment strengthens SHL’s vision to expand healthcare accessibility and bolster innovation across…
Pledges Continued Support for Sri Lanka’s Economic Development The Country Director of the Asian Development Bank (ADB) Resident Mission in Sri Lanka, Takafumi Kadono, along with a delegation, met with President Anura Kumara Dissanayake today (07) at the Presidential Secretariat. The discussions focused on ADB’s ongoing commitment to support Sri Lanka’s economic and social development….
The World Bank and the Government of Sri Lanka today (07) signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for $200 million. This is the second operation in a two-part series that began in 2022. The first operation, totaling $500 million, was disbursed in June and December 2023. The Second RESET DPO aims to…
The Ceylon Chamber of Commerce commends the Government of Sri Lanka on the successful completion of consultations with the Official Creditor Committee (OCC) and the International Monetary Fund (IMF) regarding the Agreement in Principle (AIP) reached with international and local holders of International Sovereign Bonds (ISBs). This marks significant progress towards achieving external debt restructuring…
President Anura Kumara Dissanayake engaged in a discussion with the International Monetary Fund (IMF) at the Presidential Secretariat today (04), marking the second day of talks with the President. Director of the IMF’s Asia Pacific Department Krishna Srinivasan, Senior Mission Chief Dr. Peter Breuer, along with other senior IMF representatives and the Sri Lankan delegation…
LTL Holdings Limited has announced that its Initial Public Offering (IPO) will be postponed following instructions from the Securities and Exchange Commission of Sri Lanka (SEC). The decision comes after a directive from the Colombo Stock Exchange (CSE) to publish an addendum to the IPO prospectus dated August 29, 2024. The SEC, by a letter…
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