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WEB1 day ago · Siyapatha Finance PLC was honoured as the “Best Employer Brand” at the recently concluded Sri Lanka Best Employer Brand Awards 2024. Organized by the Employer Branding Institute,India, along with the World HRD Congress and Stars of the Industry Awards Group, the awards recognize and reward Sri Lankan brands that excel …
Sri Lanka's International Sovereign Bonds Restructuring
WEB12 hours ago · On 19th September 2024, the Democratic Socialist Republic of Sri Lanka (the “Republic”) announced agreements in principle on the restructuring of approximately USD 14.2bn of sovereign debt (as of end 2023) with the holders of its International Sovereign Bonds (the “Bonds”), following negotiations with the Ad Hoc Group of …
World Bank Signs Additional $200 Million to Support Sri Lanka’s ...
WEB1 day ago · The World Bank and the Government of Sri Lanka today (07) signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for $200 million. This is the second operation in a two-part series that began in 2022. The first operation, totaling $500 million, was disbursed in June and …
Citi Named Dealer Manager for Sri Lanka's Proposed Sovereign …
WEB14 hours ago · Sri Lanka has been in negotiations with holders of Sri Lanka’s international sovereign bonds to restructure existing bonds to be exchanged for new securities. Sri Lanka has now reached an advanced stage of these negotiations as Agreements in Principle on restructuring terms were reached with foreign and domestic holders of sovereign bonds …
Senior Professor Hareendra Dissabandara appointed SEC Chairman
WEB15 hours ago · Senior Professor Hareendra Dissabandara has been appointed as the new Chairman of the Securities and Exchange Commission of Sri Lanka (SEC). He had previously served as SEC Director General from 2012-2013 as well as its Director of Financial Services Academy and Capital Market Education and Training Division from …
Sweden focus on developing renewable energy sector of Sri Lanka
WEB1 day ago · The Swedish government focused on developing renewable energy sector of Sri Lanka while increasing educational opportunities and mitigating the visa difficulties for Sri Lankan students in Sweden. These opinions were expressed in a discussion held between the Prime Minister Dr.Harini Amarasuriya and the Swedish Ambassador to Sri Lanka Mr. …
Top News Archives - Adaderana Biz English | Sri Lanka Business News
WEB5 days ago · ComBank ranked No 2 among Sri Lanka’s Top 100 listed companies. Moves up 5 places in the latest edition of LMD Leaderboard Remains highest-ranked bank in LMD 100 for 31st year The Commercial Bank of Ceylon has been ranked second in the prestigious ‘LMD 100’ for 2023-24, moving up five places in the ranking the magazine …
Musk’s Starlink wins Sri Lanka licence - Ada Derana
WEBAug 13, 2024 · Reuters – Sri Lanka’s telecommunications regulator has issued a licence to Elon Musk’s Starlink, the satellite unit of SpaceX, to provide the country with satellite broadband services, the president’s office said. Sri Lanka’s parliament passed a new telecommunications bill last month, which amended the law for the first time in 28 years …
Sri Lanka: State of the Economy 2023 - Ada Derana
WEBOct 17, 2023 · Economic Policy Choices: From Stabilisation to Growth Sri Lanka has faced a turbulent economic journey in recent years, with 2022 witnessing an unprecedented crisis marked by a staggering 8.7% GDP contraction. The economy slowly but steadily pulled back from the abyss over the course of 2023. Notably, the Sri Lankan rupee has …
Advocata Institute Applauds Economic Transformation Bill, Calls …
WEBJun 5, 2024 · The Advocata Institute welcomes the government’s stated intention to move from an inward-oriented economy to a more open economy to boost international trade, foreign investment and productivity.. The Sri Lankan government has gazetted the Economic Transformation Bill to overhaul the country's economic landscape. This …