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Month: March 2023

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  • Share price of over 55% CSE-listed hotels up since March 2022

Share price of over 55% CSE-listed hotels up since March 2022

Since Sri Lanka’s worst economic crisis in Mar 2022, the share prices of nearly 55% of thehotels listed in Colombo Stock Exchange (CSE) have risen on a Year-on-Year basis, according…

Global Economy’s “Speed Limit” Set to Fall to Three-Decade Low – World Bank

The global economy’s “speed limit”—the maximum long-term rate at which it can grow without sparking inflation—is set to slump to a three-decade low by 2030. An ambitious policy push is…

Seven parties including China’s Sinopec shown interest to build an export-oriented oil refinery in Hambantota

Seven parties including China’s Sinopec have shown interest to build an export-oriented oil refinery in Hambantota, Minister of Power and Energy Kanchana Wijesekera tweeted. Grant & Shearer Ltd from Nigeria,…

Debt-stricken Sri Lanka to receive first tranche of IMF bailout funds in two days

 (Reuters) – Sri Lanka will get the first $330 million tranche of the International Monetary Fund’s bailout in the next two days, the global lender said on Tuesday, putting the…

Select Committee of Parliament holds discussion on the expansion of the higher education sector

Select Committee of Parliament to make suitable recommendations for the expansion of higher education opportunities in Sri Lanka met recently on March 8th, 9th and 10th under the chairmanship (Dr.)…

Sri Lanka bondholders eye GDP-linked debt restructuring – report

Sri Lanka’s private creditors are considering a proposal to swap defaulted bonds with new securities with cash flow linked to the nation’s future growth, Bloomberg News reported on Monday, citing people familiar…

New Early Childhood Development Centers Planned, with Support from IFC, Commercial Bank and Sarvodaya

To help meet demand for quality childcare services among employed parents in the Eastern Province of Sri Lanka, the International Finance Corporation (IFC), Commercial Bank of Ceylon (CBC) and Sarvodaya…

Bruised U.S. bank stocks shake off initial SVB contagion fears

(Reuters) – U.S. bank stocks jumped on Tuesday, recovering some ground after the failure of Silicon Valley Bank and Signature Bank triggered heavy selling by investors who were already anxious…

Sri Lanka’s Debt restructuring talks could drag on for a long time despite expected  IMF Support – Fitch Ratings

Fitch Ratings believes Sri Lanka is likely to secure financing support from the IMF after the fund’s Executive Board set a date of 20 March to review the USD2.9 billion…

Sri Lanka hopes to secure  the IMF bailout within this month 

 Minister of Foreign Affairs Ali Sabry express confidence in securing the IMF bailout package within this month since considerable progress has been made with the International Monetary Fund. Speaking to…