SriLankan Airlines welcomed the first major group of leisure travellers from China to Sri Lanka after the Chinese authorities relaxed outbound travel restrictions. The group consisting of 120 tourists arrived on UL1881 last night, 2 March 2023, from Guangzhou on an eight-day tour.
Reuters – Countries in debt distress such as Zambia and Sri Lanka turning to the International Monetary Fund (IMF) for financial help are facing unprecedented delays to secure bailouts as China and Western economies clash over how to provide debt relief. IMF funding is often the sole financial lifeline available to countries in a debt…
The Sri Lankan Rupee (LKR) has further appreciated against the US dollar (USD) today (02 March), with the buying rate reaching Rs. 343.97 and the selling rate declared as Rs. 356.73. The Sri Lankan Rupee yesterday (01 March) marked a record high against the USD, with the buying and selling rates dropping to Rs. 351.72…
Bloomberg — Borrowing costs hovering at two-decade highs to quell Asia’s fastest inflation rates will be in focus in Pakistan and Sri Lanka, as the crisis-gripped economies review monetary policy settings in decisions seen as key to winning multilateral bailout funds. The two monetary authorities are likely to take different tracks as price pressures have…
The SLASSCOM People Summit 2023 themed “Survive To Thrive”, organized by The SLASSCOM HR Forum, brought together a team of top international speakers this year, who discussed and shared best practices on handling and overcoming some of the most pressing issues faced by the HR fraternity and provided a great learning platform and strategies on…
Reuters – India’s Adani Group has told creditors it has secured a $3 billion loan from a sovereign wealth fund, two sources with knowledge of the matter said, as the embattled conglomerate seeks to ease debt concerns after a short-seller attack. The credit line from the sovereign wealth fund could be increased to $5 billion,…
Bloomberg – Premier Li Keqiang told the head of the International Monetary Fund that China is open to participating in multilateral efforts to help heavily indebted nations in a constructive manner,” China Central Television reported. China is willing to take part in resolving relevant countries’ debt issues,” Li said in a phone call Wednesday with IMF…
The Food and Agriculture Organization of the United Nations (FAO), in collaboration with the United States Agency for International Development (USAID), is working together with the Ministry of Agriculture to increase the productivity and resilience of the rice-based ecosystems in the Dry and Intermediate Zones of Sri Lanka. Seventy-five percent of the 890,000 hectares of…
Sri Lanka’s Export Performance in January 2023 Sri Lanka’s merchandise exports decreased by 8.98 % to US$ 1,001.9 Million in January 2023 compared to January 2022 as per the data released by the Sri Lanka Customs. However, it is a 6.97% increase when compared to January 2021. Major Exports in January 2023 Export earnings from…
President Ranil Wickremesinghe has given instructions to digitize investment information to make it easily and quickly accessible to interested parties. The purpose of this move is to encourage and promote investment opportunities in Sri Lanka, allowing investors to identify new investment prospects with ease. In addition to this, the President has also pointed out the…
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