Exclusive:182 experts say only debt cancellation offers chance of recovery but private investors are playing hardball The Guardian – Some of the world’s most powerful hedge funds and other investors are holding up vital help for crisis-hit Sri Lanka by their hardline stance in debt-relief negotiations after the Asian country’s $51bn (£42bn) default last year,…
The third round of negotiations between Sri Lanka and Thailand on the proposed Free Trade Agreement (FTA) will be held on January 9 and 10th, 2023, in Colombo, with the participation of 26 official delegates from Thailand headed by Ms. Auramon Supthaweethum, Director General of the Department of Trade Negotiations, advancing the government’s agenda of…
The liquidity deficit in the domestic money market, which remained significantly high during the first half of 2022, declined in the latter part of 2022. However, in spite of the improvements in money market liquidity conditions, market interest rates continued to remain high, partly due to subdued activity in the domestic money markets. At the…
Minister Pathirana makes ready for industry to achieve USD 1 billion in exports Ceylon Sapphire at heart of promotion & marketing of exhibition Exhibition underscores Sri Lanka being open and ready for business One of the most sought after international gem and jewellery shows on the global procurement and sourcing calendar, FACETS Sri Lanka Premier…
(Reuters) – Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy. The island of 22 million is in the midst of its worst financial crisis in over seven…
The FACETS SRI LANKA exhibition, which drives Sri Lanka’s gem and jewelery brand to the world will be held from January 7th to 9th, 2023 at Atrium Lobby, Cinnamon Grand Hotel, Colombo. This time the exhibition is being organized in a grand manner attracting numerous stakeholders that range from high-profile Trade Buyers to Gemstone &…
President Ranil Wickremesinghe stressed the need of a good foreign service which will be able to forge broader relations with many countries while safeguarding the sovereignty of Sri Lanka. Therefore, the prime objective is to draft new foreign policy and secondly making friends. There will be economic plans as well as the security objectives and…
The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a further…
The Central Bank of Sri Lanka reports that Sri Lanka’s official reserve assets at the end of December 2022 were USD 1,896 million. This is a 5% increase from the official reserve asset figure of USD 1,806 million in November 2022. Meanwhile, foreign exchange reserves, the main component of these official reserve assets, increased from…
Overall new vehicle registrations at lowest level since 1992 as supply chain woes hobble factories Financial Times – The sale of new electric cars overtook diesel models in the UK for the first time in 2022, but overall new car sales fell to their lowest level in three decades, according to the Society of Motor…
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