Sri Lanka bondholders make further interest cuts, NPV benefit 33-pct
editor
Sri Lanka bondholders have made further concessions during the latest round of negotiation which will see the present value benefit increasing from 27 percent in a July deal to 33 percent in the September deal, if the economy performs better than expected, finance ministry clarified. .
Local banks to get 10-pct haircut on 70-pct of ISBs, balance in rupees
editor
Sri Lanka had reached a deal with foreign bond holders and local banks to restructure defaulted sovereign bonds, according to a finance ministry statement.
Mirai Consulting of Japan visit Sri Lanka to scout investment opportunities
A team from Japan’s Mirai Consulting Group visited Sri Lanka recently to explore potential investment opportunities in various sectors.
Israel unleashes heavy strikes on Lebanon as US, UK urge restraint
Israeli warplanes carried out late on Thursday their most intense strikes on southern Lebanon in nearly a year of war, heightening the conflict between Israel and Lebanese armed group Hezbollah amid calls for restraint.
German Federal Ministry for Economic Affairs Explores Opportunities at HIP
Tobias Pierlings, Director and Head of Division for South Asia and Southeast Asia at the German Federal Ministry for Economic Affairs and Climate Action, Berlin and a delegation from the German Embassy in Sri Lanka, visited the Hambantota International Port (HIP) last week.
Samagi Jana Balawegaya hits President with voter persuasion allegations
The Samagi Jana Balawegaya (SJB) yesterday lodged a formal complaint with the Election Commission of Sri Lanka, alleging that the President’s Media Division (PMD) has engaged in improper voter persuasion in favour of Presidential candidate Ranil Wickramasinghe.
Sri Lanka Reform delays could suspend IMF programme, jeopardizing recovery
The latest Bloomberg Intelligence report warns that stalling reforms after the upcoming presidential elections could lead to a suspension of Sri Lanka's IMF program, threatening economic recovery.
Child at Japanese school dies after stabbing in China
A 10-year-old student at a Japanese school in southern China has died one day after he was stabbed.
Second wave of Lebanon device explosions kills 20 and wounds 450
At least 20 people have been killed and more than 450 wounded by a second wave of explosions from wireless communication devices in Lebanon, the country’s health ministry says.
BOI to attract strategic investments in key sectors to drive economic recovery
editor
The Board of Investments of Sri Lanka successfully hosted an investor roundtable titled “Supporting Sri Lanka’s Recovery through Resource Commitment” at the Ministry of Investment Promotion, Colombo recently
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Pakistan and Sri Lanka have yet to operationalise a bilateral dispute resolution body, nearly two decades after signing a treaty, leaving trade disputes unresolved. This could potentially harm Pakistan’s exports to the island nation.
IMF representatives are scheduled to visit Sri Lanka in two weeks to disburse the next instalment of funds, as outlined in the agreement between the Sri Lankan government and the International Monetary Fund, official sources confirmed.
Manufacturing and services sectors expansion slows in August
The expansion of the manufacturing and services sectors slowed in August in comparison to July as per the Purchasing Managers Index (PMI).
Sri Lanka pavilion shines at 70th Bangkok Gems and Jewellery Fair
The Embassy and Permanent Mission of Sri Lanka inaugurated the Sri Lanka Pavilion at the prestigious 70th Bangkok Gems and Jewellery Fair on 9 September.