Reuters – The International Monetary Fund said on Thursday that there is “strong expectation” that Sri Lanka will reach a deal with its commercial creditors by the completion of the IMF’s second review. Sri Lanka is in talks with bondholders to restructure about $12 billion in debt, a key step in its bid to emerge…
President Ranil Wickremesinghe emphasized that the government’s prudent decisions over the past two years have bolstered the nation’s economy, providing a favourable environment for political activities on the streets. However, he cautioned that the economy still faces challenges, urging citizens to weigh the choice of either continuing with the government’s initiatives for prosperity or risking…
As another result of its worldwide promotional Tour, Sri Lanka Tourism Promotion Bureau arranged three road shows in Australia post-pandemic. The inaugural event took place in Brisbane featuring the distinguished presence of Her Excellency Ms. Chitranganie Wagiswara, the High Commissioner of Sri Lanka to Australia, Mr. Sandith Samarasinghe, Sri Lanka’s Consul General in Melbourne, and…
David Pieris Automobiles (Private) Limited (DPA) has officially started accepting pre-bookings for the all-new BAIC X55 II SUV in Sri Lanka. In a simple ceremony, the first 15 customers placed a deposit to pre-order their new vehicles, marking the beginning of an exciting journey for both DPA and its customers. DPA recently announced its strategic…
The Committee on Public Finance (CoPF), chaired by Hon. (Dr.) Harsha de Silva, played a key role in advancing inclusive policymaking for the Microfinance and Credit Regulatory Authority Bill. Following extensive consultations with a diverse range of stakeholders, including community-based organizations, transparency advocates, think tanks, and fintech companies, the CoPF’s engagement yielded a significant development….
India and Sri Lanka share ties dating back thousands of years spanning history, culture, trade and commerce. In recent years, the two neighbours have accelerated mutual economic cooperation in a manner that has opened unprecedented opportunities for Sri Lankan businesses to access an $3.7 trillion Indian economy. A key turning point in the economic cooperation…
Driving Economic Growth through Competitive Investment Opportunities, a Priority Focus. President Ranil Wickremesinghe affirmed his commitment to bolstering the nation’s economy through the establishment of competitive investment avenues. He commended the pivotal role played by companies under the purview of the Board of Investment in driving Sri Lanka’s economic growth. Addressing attendees at the Investment…
2,848 MW renewables capacity brought on stream in FY24 Adani Green Energy Limited (AGEL), one of the world’s leading renewable energy (RE) companies, has surpassed 10,000 megawatts (MW) of operational portfolio, delivering reliable, affordable, and clean power to the national grid. AGEL’s operational portfolio consists of 7,393 MW solar, 1,401 MW wind and 2,140 MW…
BBC – The American pop star entered the Forbes World’s Billionaires List for the first time with $1.1bn (£877m), along with Sam Altman, creator of the AI chatbot ChatGPT on $1bn (£800m). LVMH French luxury goods titan Bernard Arnault and his family topped the chart with an estimated $233bn (£185bn). Forbes said there were a record 2,781…
Reuters – Chinese smartphone maker Xiaomi on Wednesday said it has received more than 100,000 orders for its first car – a sporty electric vehicle called the SU7 – as it began deliveries. “Xiaomi’s car officially debuts, the real revolution in smart cars has officially begun, and China will surely give birth to a great…
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