By Rashmi Anupama, Chaya Dissanayake, and Dr Asanka Wijesinghe In a mid-October 2024 meeting with the European Union (EU) Ambassador, Sri Lanka reaffirmed its commitment to strengthening trade relations with the EU, particularly highlighting the role of the GSP+ programme in boosting Sri Lankan exports. This discussion underscores the significance of the GSP+, which offers…
Bloomberg – Moody’s Ratings is reviewing Sri Lanka’s sovereign credit rating for an upgrade as the nation is set to complete the restructuring of its dollar bonds. The rating company assigned the new dollar bonds that Sri Lanka is offering to swap for old debt a (P) Caa1 rating, it said in a statement on…
– Sri Lanka to Host World Bank’s South Asia Integrated Office by 2025 – Sri Lankan Government’s Focus on Poverty Alleviation, Digitalization and Economic Growth – Advancing Education and Health in North and East Sri Lanka A virtual meeting was held yesterday (27) between President Anura Kumara Dissanayake and the President of the World Bank…
The Supreme Court of Sri Lanka has dismissed three Fundamental Rights Applications Nos. 198/2024, 254/2024, and 263/2024, which challenged opening of the Initial Public Offering (IPO) of LTL Holdings Limited on the Colombo Stock Exchange (CSE). Upon hearing the submissions of all the Petitioners and the Respondents, the Supreme Court before Hon Chief Justice Murdu…
In a remarkable achievement that reflects both operational excellence and dedication, the NW Logistics and Management (Pvt) Ltd fuel station, managed by Ninewells Hospital, has reached a significant milestone in fuel distribution. This station has attained the highest fuel sales within the Colombo district and the second-highest fuel sales across the entire island for October…
The Sri Lanka Ports Authority (SLPA) has affirmed its commitment to maintaining stability regarding the Colombo West International Terminal project, led by the Adani Group, amidst ongoing allegations in the U.S. against the conglomerate’s top executives. SLPA Chairman Admiral Sirimewan Ranasinghe (Retd) has emphasized that there is no immediate plan to reassess or terminate the…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, proudly announces the launch of its AI-powered assistant through the IdeaBiz platform, providing support for developers, IT teams, and IdeaBiz partners. As the first of its kind in the country, the IdeaBiz AI Assistant is set to transform how users interact with technical information, access onboarding assistance,…
dnata Travel reveals most popular holiday destinations for Eid Al Etihad 2024 As the long weekend break for Eid Al Etihad approaches, dnata Travel reveals the most popular holiday hotspots for 2024. In order of popularity, the top five most booked international destinations with UAE travellers are Thailand, Maldives, UK, Sri Lanka, and Turkey. Thailand continues…
This investment follows the strategic move by Ambeon Capital PLC and its subsidiaries, who recently acquired a 9.02% stake in DFCC Bank PLC Both investments reinforce Ambeon Group’s reputation as a key player in Sri Lanka’s economic landscape Ambeon Holdings PLC, a diversified conglomerate reputed for its market dominance across sectors such as financial services,…
As the result of discussions between the Asian Development Bank (ADB) and the Government of Sri Lanka, Two policy-based loans (PBL) have been developed to implement the Financial Sector Stability and Reform Program in order to create a stable financial system that provides access to finance for businesses in various sectors of the economy. The…
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