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…
Inter-relationship between related government institutions critical to enhance the Ease of Doing Business Rankings
When dealing with raising the value of Sri Lanka’s ease of doing business index, there should be an inter-relationship between related government institutions, Madhura Withanage said. He made these remarks…
Italian Media personnel mesmerized by Sri Lanka’s cultural and natural diversity
Sri Lanka Tourism, in collaboration with the Sri Lanka Embassy in Italy, as one of its promotional activities carried out a Media FAM Tour to a group of Italian journalists…
Sri Lanka And Bangladesh Keen To Import Ethanol From India
Bangladesh and Sri Lanka are keen to start importing ethanol from India. Nitin Gadkari, India’s Minister of Road and Transport Highways announced that the issue has already been discussed with…
Sri Lanka’s central bank urges China and India to act quickly
Sri Lanka’s central bank Governor P. Nandalal Weerasinghe in an interview with BBC Newsnight urged China and India to act quickly for the country to secure a $2.9 billion IMF…
Sri Lanka cabinet approves new electricity tariff without saying what it is
(Reuters) – Sri Lanka’s cabinet on Monday approved new electricity tariffs to reflect the cost of coal and power generation to take effect this month, Power Minister Kanchana Wijesekera said,…
Presidential Task Forces Presents proposals to enhance Sri Lanka’s rank in the Ease of Doing Business Index
Officials representing the 8 Presidential Task Forces established under the Presidential Secretariat to enhance the Ease of Doing Business in Sri Lanka recently presented the issues and proposals to the…
Mattala Airport’s 2021 expenditure 21 times more than its income – Auditor General
Sri Lanka’s Auditor General reported that in 2021, the operational expenditure of the Mattala International Airport (MRIA) was Rs2.02 billion, 21 times more than its income for the same period.…