STF Corporate Advisory has successfully managed to source and secure US$ 15 Million dollar loan from Washington based United States International Development Finance Corporation (US DFC), America’s development finance institution and agency of the United States federal government, for Sri Lanka based Colombo Stock Exchange listed company BPPL Holdings PLC. BPPL Holdings PLC is one of Sri Lanka’s leading…
Info Edge, which joins lead investor Goldman Sachs Asset Management in the Series E, provides a strategic contribution to WSO2’s accelerated business expansion across India WSO2, the leader in digital transformation technology, today announced that the company has completed its Series E funding round with the addition of RedStart Labs (India), a subsidiary of Info…
The Minister of Foreign Affairs Prof. G. L. Peiris met the UN Resident Coordinator in Colombo, Hanaa Singer- Hamdy on 23 May, 2022 to discuss multiple impacts arising out of the current economic situation in the country such as supply of essential items, concerns regarding food security and livelihood matters. The Minister underscored that the Government…
On the second day of the Huawei Asia Pacific Digital Innovation Congress, the keynote of “Diving into Digital in Industries ” was successfully held. More than 1,000 business elites from various industries and government officers in the Asia Pacific region attended the event, sharing the challenges and practices in using innovative technologies to tackle challenges…
24th May 2022 Hon. Wijedasa Rajapakshe Minister of Justice, Constitutional Affairs and Prison Reform Colombo. Dear Sir, Proposed 21st Amendment to the Constitution We appreciate the efforts taken by you to expedite the process of gaining approval from Cabinet to place before the Parliament, the 21st amendment bringing back salient provisions of the since…
The World Bank issued the following statement on Sri Lanka: “Recent media reports have inaccurately stated that the World Bank is planning support for Sri Lanka in the form of a bridge loan or new loan commitments, among other incorrect assertions. We are concerned for the people of Sri Lanka and are working in coordination with the IMF and…
The chairperson of Sri Lanka Tourism, Kimarli Fernando has stepped down from her post with immediate effect. In her letter of resignation, Fernando said she expects the newly-appointed Tourism Minister would want to appoint his own chairpersons and boards of directors. Harin Fernando was sworn in as the Minister of Tourism and Lands on the…
By Usha Perera Sri Lanka’s education sector, still reeling from the effects of the COVID-19 pandemic, now faces acute challenges due to the current political and economic crises. The sudden imposition of curfews and the lack of transportation have resulted in school closures and students being deprived of structured and systematic in-school education. In Sri…
Loan to boost Sri Lanka’s plastic recycling infrastructure and BPPL’s monofilament/ polyester yarn production Sri Lanka’s plastic recycling capabilities and infrastructure are set to soar with BPPL Holdings PLC, the country’s pioneer in the field, securing long-term funding of US$ 15 million from the International Development Finance Corporation (DFC) of the United States of America….
Reuters – Sri Lanka has hired heavyweight financial and legal advisers Lazard and Clifford Chance as it prepares for the difficult task of renegotiating its debts, a trio of sources told Reuters on Monday. The move is the latest development in Sri Lanka’s worst economic crisis since independence from Britain in 1948 and comes after…
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