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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…

Pace of Reform Toward Equal Rights for Women Falls to 20-Year Low

The global pace of reforms toward equal treatment of women under the law has slumped to a 20-year low, constituting a potential impediment to economic growth at a critical time…

Australia Keen to Invest in Sri Lanka’s Mining, Energy and Agriculture Sectors

With Australian companies increasingly eager to explore investment opportunities in Sri Lanka, tradeand investment promotion and facilitation activities can play a vital role in fast-tracking foreign directinvestment, High Commissioner for…

COVID-19’s Impact on Young People Risks a Lost Generation

 The COVID-19 pandemic caused a massive collapse in human capital at critical moments in the life cycle, derailing development for millions of children and young people in low- and middle-income…

PrimeGlobal adds member firm in China and debuts in Sri Lanka

Global professional services association PrimeGlobal has in recent months welcomed two new member firms in Asia: Pengsheng in China, and Ranwatta & Co in Sri Lanka. Headquartered in Southern China…

Tourism earnings jump by 6.7% to $161.8M in January

Sri Lanka’s tourism earning rose by 6.7% Year-on-Year to $161.8 million in January this year compared to $151.7 million recorded a year ago, according to the Central Bank of Sri…

American Clean Energy Solutions invests $150M in Ground-Mounted Solar Power Project in Nilaveli

Sri Lanka has recently awarded the American Clean Energy Solutions Inc. based in Ontario,Canada to develop 100 Megawatts solar power project on Sri Lanka Broadcasting Corporation (SLBC) land in Nilaweli,…

Sri Lanka bondholders ready for debt restructuring negotiations consistent with the IMF Programme

 A group of Sri Lanka’s sovereign USD-denominated Bondholders of is ready to hold debt restructuring negotiations with Sri Lankan authorities consistent with the International Monetary Fund’s (IMF) program. “The Bondholder…

Japan donates $3.5M worth of New Cold Chain Equipment and Nutrition supplies to Sri Lanka

The Ministry of Health has today received walk-in cold rooms and nutrition supplies procured by UNICEF funded by the Government of Japan to continue to improve the health of all…

Fitch Downgrades Seven Sri Lankan Insurers’ National IFS Ratings to reflect changes in the relative creditworthiness among Sri Lankans

Fitch Ratings has downgraded the National Insurer Financial Strength (IFS) Ratings of seven Sri Lankan insurers following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating…