India became the top bilateral lender to SL in 2022 after much needed crisis recovery assistance it provided. The Asian Development Bank is the largest multilateral lender next to India. From 2017 till 2021 China was the largest bilateral lender (Ref. financial sources). Many in the west and some in SL are still worried about the…
Entries open from 23rd September to 25th October 2022 Sri Lanka Institute of Marketing (SLIM), the apex body for Sri Lankan Marketers, has opened entries for the 2022 edition of SLIM DIGIS from the 23rd of September until the 25th of October 2022. SLIM DIGIS celebrates and rewards outstanding work and talent within the digital…
The inaugural edition of the International Trade Expo, ITE Maldives 2022, Buyer-Seller Meet Mart successfully concluded in Male. ITE Maldives 2022 – Buyer Seller Meet Mart, a Business-to-Business meeting platform was jointly organised by Aitken Spence Conventions & Exhibitions, Sri Lanka, and Ace Travels Maldives (Pvt) Ltd under the patronage of the High Commission of…
Reuters – Japan, one of Sri Lanka’s main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo’s envoy to the country said on Friday. Reaching an agreement with creditors is key to Sri Lanka…
Sri Lanka Convention Bureau successfully conducted educational sessions for the MICE Industry recently. Sri Lanka Convention Bureau (SLCB), is the premier tourism entity promoting international Meetings, Incentives, Conferences, and Exhibitions (MICE) in Sri Lanka. They organized this MICE Training program for MICE Sector to educate them on the current trends, demands, and opportunities. The event…
The Sri Lanka Agripreneurs’ Forum (SLAF) is the single professional agri-entrepreneurial organization that represents approximately 30% of the country’s workforce. , Addressing the need of the hour, SLAF recognized the dire need to positively intervene in the current food crisis in Sri Lanka and thus met with the Hon. Minister of Agriculture Mahinda Amaraweera on…
Reuters – Crisis-hit Sri Lanka will begin on Friday the tricky task of debt renegotiation with a raft of private and bilateral creditors, including China, India and Japan, to restructure and repay nearly $30 billion that it owes. WHY THE NEED TO RESTRUCTURE DEBT? Years of economic mismanagement and the fallout of the COVID-19 pandemic…
NEW DELHI, Sept 22 (Reuters) – Sri Lanka’s President Ranil Wickremesinghe held talks with foreign diplomats on debt restructuring and the International Monetary Fund programme, the island nation’s government said in a statement on Thursday.
Sri Lanka Tourism will continue to expand its Bi lateral and cultural ties with its Indian counterparts by venturing into a series of Road Shows in key Indian cities from 26th -30th September 2022. The first road show will be held at the Taj Palace Hotel in New Delhi on 26th September followed by heading…
Bloomberg – Sri Lanka will ensure equity among its creditors, according to people with knowledge of the matter, as authorities prepare to share their plan to restructure debt and unlock a $2.9 billion loan from the International Monetary Fund. The South Asian nation’s Finance Ministry will hold a virtual presentation for external creditors at 8…
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