Crucial discussion between the Government and ISB holders begins today
A crucial discussion between the Government and International Sovereign Bondholders will take place today after which Sri Lanka is expected to receive international support once the country’s bankruptcy is fully resolved. Finance ministry sources confirmed.
Tupperware in fight to survive after bankruptcy filing
US brand Tupperware has filed for bankruptcy as it struggles to survive in the face of sliding sales.
Supermoon and lunar eclipse delight stargazers
A supermoon has lit up the sky across the world coinciding with a rare partial lunar eclipse.
LOLC Divi Saviya has successfully completed Phase 03 of its education initiative, impacting 4,100 schools across Sri Lanka.
Straying from IMF debt plan could delay bailout: Finance Ministry
editor
The Finance Ministry has issued a strong warning about the significant risks associated with challenging the country’s current debt sustainability assessment (DSA). Such actions could endanger Sri Lanka’s ongoing International Monetary Fund (IMF) bailout programme, potentially delaying vital financial support for months or even years.
President inaugurates vehicle assembly plant in Kuliyapitiya
President Ranil Wickremesinghe inaugurated a new vehicle assembly plant, the Western Automobile Assembly Private Limited (WAA), in Kuliyapitiya today.
The government has approved two local and foreign joint ventures to establish casinos, out of 10 applications submitted to the Ministry of Finance as part of the country’s efforts to boost the gaming industry, according to the Board of Investment (BOI).
Full recovery of Sri Lanka’s economy will take a few more years – President Ranil
President Ranil Wickremesinghe cautioned the public against making the “mistake” of transferring a “recovering patient”, who was in critical condition, to the care of an “unqualified doctor” after receiving emergency treatment, on September 21.
Ceylinco Life to invest Rs. 2 bn in DFCC Bank Green Bond
Ceylinco Life is investing Rs. 2 billion in Sri Lanka’s first Green Bond, serving as its anchor investor in an emphatic demonstration of the company’s commitment to sustainability.
Sean 'Diddy' Combs arrested in New York City
Embattled hip-hop mogul Sean "Diddy" Combs has been arrested in New York City on unspecified federal charges, federal authorities told the BBC's US partner CBS.
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Floods and mudslides kill more than 200 in Myanmar
The number of people in Myanmar who have died in the wake of Typhoon Yagi rose to more than 220, with nearly 80 others still missing, according to the military government.
SL Economy grows by 4.7% in 2Q, powered by industrial sector
editor
Sri Lanka’s economy grew by 4.7% year-on-year (YoY) in the second quarter of 2024, continuing the upward momentum seen since September 2023.However quarter-on-quarter 2Q performance was lower than 5.3% growth achieved in 1Q.
Global warming alters bird migratory pattern to Sri Lanka
The effect of climate change on migratory patterns is a further focal point to consider as an assumed 84% of birds listed on the CMS face threats due to global warming, according to environmentalist and lawyer Dr. Jagath Gunawardana.
Sri Lanka, China enter significant five-year period at a new turning point
editor
Chinese Ambassador Qi Zhenhong said both China and Sri Lanka are entering significant five-year periods and at a new turning point, which heralds greater opportunities for cooperation.