With a new Government in power, Sri Lanka finds itself grappling with immense economic challenges. The burden of enormous debts continues to weigh heavily on a fragile economy, necessitating robust …
Kaspersky appoints distributor to boost B2C presence in Sri Lanka and Maldives
Kaspersky, the global cybersecurity and digital privacy company has appointed Technocity as its exclusive B2C distributor in Sri Lanka, and as the second B2C distributor in the Maldives. ..
Kaspersky appoints distributor to boost B2C presence in Sri Lanka and Maldives
Kaspersky, the global cybersecurity and digital privacy company has appointed Technocity as its exclusive B2C distributor in Sri Lanka, and as the second B2C distributor in the Maldives. ..
Sri Lanka claims it has officially ended debt default
Mahinda Siriwardana, a top bureaucrat in the Finance Ministry, said in a statement, “December 20 marked a major milestone in our economic recovery process as Sri Lanka officially exited sovereign …
As Fitch upgrades ratings Sri Lanka claims it has ended debt default
With the decision by the Hong Kong based Fitch Ratings to upgrade Sri Lanka’s credit rating, the island nation has officially ended its debt default, the Finance Ministry said here on Saturday.
Treasury Secretary hails Sri Lanka exiting default after ‘painful reforms’ and complex debt restructuring
The Secretary to the Treasury Mainda Siriwardena says that 20 December 2024 marked a major milestone in Sri Lanka’s economic recovery process as the country officially exited sovereign default …
Fitch raises Sri Lanka rating after creditor nod to $12.55 bln debt overhaul
Credit ratings agency Fitch on Friday upgraded Sri Lanka’s long-term foreign-currency default rating to ‘CCC+’ from ‘restricted default’ (RD) following approval by creditors of the country’s $12.55 …
Fitch raises Sri Lanka rating after creditor nod to $12.55 billion debt overhaul
Credit ratings agency Fitch on Friday upgraded Sri Lanka’s long-term foreign-currency default rating to ‘CCC+’ from ‘restricted default’ (RD) following approval by creditors of the country’s $12.55 …
Sri Lanka and Vietnam banks to boost 2025 financials
Sri Lanka’s political crises are receding; Vietnam will be lifted by higher loan growth Banks in Sri Lanka and Vietnam are expected to continue improving their financial performances in 2025. For Sri …
What we know about Sri Lanka’s governance and macro-linked bonds
Sri Lanka’s restructuring of $12.55 billion in international bond debt is set to lead to the launch of a series of new, as-yet-untested instruments linked to economic growth and governance.