Copenhagen residents looked on in horror Tuesday as the Danish capital’s historic stock exchange building was engulfed in flames and its 180-foot spire in the shape of four entwined dragon tails collapsed. Everyone inside the building was able to leave. Known as the Borsen, the 400-year-old building served as the stock exchange until the 1970s….
Bloomberg – Sri Lanka’s first round of talks with dollar bondholders failed to yield an agreement, sending bonds lower, even as the South Asian country hopes to reach a deal in the next few weeks. The nation’s 7.55% 2030 bond fell as much as 2.8 cents to 53.94 cents on the dollar, the biggest decline…
The Government of the Democratic Socialist Republic of Sri Lanka (“Sri Lanka“) announces today (16) that it has held restricted discussions over the past three weeks (the “Restricted Period“) with nine members of the steering committee who agreed to take part in the restricted discussions (the “Steering Committee“) of the Ad Hoc Group of Bondholders…
DFCC Bank successfully launches online acceptance of the leading card scheme, UnionPay International (UPI). The partnership between DFCC Bank, UPI and Bancstac further enhances DFCC Bank’s Internet Payment Gateway Services (IPGS). “DFCC Bank is committed to delivering convenient, ease-of-use, secure and cost-effective payment acceptance methods to support our customers towards achieving their business goals,” said…
Int. Travel Journalists and Social Media Influencers across the globe join hands with Sri Lanka Tourism to promote the new tagline ‘’You Will Come Back for More’’ Sri Lanka Tourism welcomed a group of mainstream international journalists and travel influencers to promote the destination for upcoming Summer and Winter Seasons (2024/25) while highlighting the new…
The partnership with the flag carrier of Sri Lanka is emblematic of UATP’s increasing presence in Southeast Asia and the Indian subcontinent SriLankan Airlines, the national airline of Sri Lanka, has reaffirmed its Merchant status with UATP, the global payment network that enables organizations to simplify payment processes to expand their payment capabilities. As part of the UATP network, SriLankan Airlines…
Top investment banker Sharhan Muhseen and financial services professional Raja Senanayake to lead the Board of country’s largest private sector bank Commercial Bank of Ceylon PLC has announced the appointment of top international investment banker Mr Sharhan Muhseen as Chairman, and financial services professional Mr Raja Senanayake as Deputy Chairman, effective Monday, 22ndApril 2024. Mr…
The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura has commended the Sri Lankan authorities on the implementation of a strong program and excellent reform progress, says Finance State Minister Shehan Semasinghe. Sri Lankan delegation led by Semasinghe met with Mr. Okamura during the IMF-World Bank Group (WBG) Spring Meetings 2024 that…
The Chairman of the Colombo Stock Exchange (CSE) discusses the opportunities for capital raising and Stock Market Outlook for 2024. Give us an overview of the current market landscape and discuss the CSE’s overall outlook for the year 2024. We believe the overall outlook of the CSE, for the year 2024 to be a positive…
World Food Program USA and Lions Clubs International Foundation (LCIF) are pleased to announce a $4 million partnership in support of the United Nations World Food Programme’s homegrown school meals program in four countries. With each organization contributing $2 million to this joint effort, the grant will be a global collaboration, bringing together an international coalition of individuals committed to solving…
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