A visiting business delegation of the Jain community in India expressed confidence and positive intent to invest in Sri Lanka during an interactive session hosted by the Board of Investment of Sri Lanka (BOI) recently pertaining to the investment opportunities in Sri Lanka. The session was attended by leading business magnates in the Jain community,…
On 20th March 2023, the IMF Board approved Sri Lanka’s IMF program, unlocking up to $7bn in funding from the IMF and other IFIs. The IMF program provides a clear roadmap in terms of policy implementation and will stabilize the economy of Sri Lanka and allow the country to regain its growth potential and address…
Reuters – Sri Lanka will kick off a reworking of part of its domestic debt next month and aims to finalise it by May, central bank and treasury officials told creditors during a virtual presentation on Thursday. The financially strapped South Asian country will also start formal negotiations for the debt it owes to bilateral…
Bloomberg – A battle is shaping up between global bondholders and Sri Lankan authorities as the nation seeks to restructure its debt to gain access to more aid from the International Monetary Fund. Overseas investors such as BlackRock Inc. and Pacific Investment Management Co. are demanding that domestic debt holders share billions of dollars of…
– The President said delivering the keynote address at the ‘Economic Dialogue- IMF & Beyond’ Sri Lanka has a final opportunity to progress and it is imperative for everyone to collaborate in creating a prosperous community for future generations, without resorting to finger-pointing, emphasized President Ranil Wickremesinghe. President Ranil Wickremesinghe made this statement during his…
Singapore Airlines commenced operation of Boeing B787-10 Dreamliner between Colombo and Singapore on 27 March 2023. Constructed using lightweight composite materials, the 68-metre B787-10 is the longest variant of Boeing’s Dreamliner range. Passengers can look forward to a comfortable journey, experiencing large electronically dimmable windows, low cabin altitude, generous headroom, and a quiet and smooth…
The meeting took place recently at the headquarters of the Ankara Chamber of Commerce with the participation of Ambassador of Sri Lanka to Türkiye S. Hasanthi Urugodawatte Dissanayake, President of Ankara Chamber of Commerce Gürsel Baran, and Deputy Secretary General of Ankara Chamber of Industry Sancar Sefer Süer with a few other officials. Ankara Chamber of…
On March 30, Hon. Nalin Fernando, Minister of Trade, Commerce and Food Security in Colombo was presented the new Electronic Certificate of Origin (eCoO) system by the International Trade Centre (ITC) team, led by Ms. Raghad Altalli, Programme Manager and Trade Facilitation Advisor. The new eCoO system, implemented by the Department of Commerce (DoC), is…
Standard Chartered has announced the appointment of Yohan Samarakkody as Country Chief Risk Officer (CCRO) and Head of Operational Risk for Sri Lanka, effective 1st March 2023. Yohan counts for over 15 years of experience in Corporate Finance, Equity Research and Banking. In his previous roles prior to joining Standard Chartered, he was instrumental in…
In a concerted effort to ensure healthcare equity for all Sri Lankans, the country’s foremost trusted private healthcare provider Hemas Hospitals introduced ‘Upakara’, an unmatched timely initiative which offers free monthly dialysis cycles to a selected number of Chronic Kidney Disease (CKD) patients from low-income backgrounds, through Hemas Hospitals. Hemas Hospitals’ Upakara is a one-of-a-kind…
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