Channel News Asia – Holders of Sri Lanka’s international sovereign bonds face a 20 per cent principal haircut in the country’s debt restructuring as well as maturity extensions and a reduction in coupons, according to a Barclays report. Investors’ focus has shifted to the restructuring of Sri Lanka’s $13.4 billion sovereign dollar bonds after Colombo…
The adventure trail ‘Raid Amazones 2023’ kicked off in Kandy, yesterday, 22 March. Nearly 250 female athletes from France are participating in the trail in Sri Lanka’s hill capital. Raid Amazones is the world’s only itinerant women’s adventure race and SriLankan Airlines is the Presenting Partner of the event. The French group participated in a…
The Government of Sri Lanka (GOSL) has embarked on a process of implementing structural reforms to accelerate growth so that the country can emerge out of the current economic crisis. The State-Owned Enterprise (SOE) sector, which for many years has been a severe burden on the Sri Lankan economy, has been identified for reforms on…
Glad to see those who caused crisis now proposing solutions Mr. Eran Wickramaratne M.P. said that those who caused the economic crisis in this country are now proposing solutions and the group that did not allow them to resolve issues has now agreed to do them and is seem willing to push the country in…
Select Committee of Parliament to study the practical problems and difficulties that have arisen in relation to enhancing the rank in the Ease of Doing Business Index in Sri Lanka and make its proposals and recommendations took into discussion regarding encouraging small, medium and micro scale enterprises and solving their existing financial problems with the…
The Colombo Port City Economic Commission (the Commission), the Single Window Investment Facilitator authorised to assist investors, businesses, and residents in conducting their activities seamlessly and efficiently in Port City Colombo, is pleased to release its semi-annual progress report for FY 2022 from July to December 2022. The Port City Colombo Special Economic Zone (SEZ)…
Sri Lanka’s High Commissioner to India Milinda Moragoda met with the Minister of Finance and Corporate Affairs of India Smt. Nirmala Sitharaman in New Delhi on 22 March 2023. This was the latest of a series of meetings High Commissioner Moragoda has had with Minister Sitharaman since November 2021 on Indian economic cooperation and assistance to…
Al Jazeera – Ranil Wickremesinghe says his government will kick off the next round of talks with creditors in the third week of April. Sri Lanka has received the first tranche of its bailout package from the International Monetary Fund (IMF), President Ranil Wickremesinghe told parliament. “This sets the stage for Sri Lanka to have…
A group of Japanese investors along with Japan Deputy Head of Mission Katsuki Kotaro recently called on the Board of Investment (BOI) to discuss new investment opportunities in Sri Lanka. The investors had a productive discussion with Investment Promotion State Minister Dilum Amunugama, BOI Director General Renuka M Weerakone and other officials on key investment…
Hon. Gamini Lokuge was unanimously appointed as the Chair to the Committee on Banking & Financial Services yesterday (21). Whilst State Minister Hon. Anupa Pasqual proposed Hon. Gamini Lokuge, Member of Parliament Hon. Karunadasa Kodithuwakku seconded it. Accordingly, the Committee met yesterday (21) in Parliament, and the Chair requested for the support of all the…
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