MUMBAI – Embattled billionaire Gautam Adani pulled out of a loan deal with an American agency to fund a port terminal in Sri Lanka’s capital, ending an agreement hailed a year ago as an effort by …
Adani Ports shares in focus as co withdraws $553 million US loan for Sri Lanka terminal
Adani Ports and Special Economic Zone (APSEZ) shares will remain in focus after the company withdrew its $553 million loan request from the US Development Finance Corporation (DFC) for the Colombo …
Sri Lanka Business Council of Maldives unlocks bilateral opportunities
The Sri Lanka Business Council of the Maldives (SLBCM) was officially launched on November 12, 2024, at Hotel Jen Male’. The …
Acuity continues to foster financial expertise with CFA Society Sri Lanka
Acuity Knowledge Partners (Acuity), a leading provider of bespoke research, analytics and technology solutions to the financial services sector, has reaffirmed …
Sri Lanka to obtain 200 million USD loan from ADB for power sector development
The Sri Lankan cabinet approved a proposal to sign two agreements with the Asian Development Bank (ADB) for strengthening its power system and integration of renewable energy projects, according to a …
Sri Lanka to obtain 200 million USD loan from ADB for power sector development
The Sri Lankan cabinet approved a proposal to sign two agreements with the Asian Development Bank (ADB) for strengthening its power system and integration of renewable energy projects, according to a …
ADB approves USD 30 million financing facility for Sri Lanka’s CEB
The Asian Development Bank (ADB) has approved a $30 million Small Expenditure Financing Facility (SEFF) for the Ceylon Electricity Board (CEB), guaranteed by the Democratic Socialist Republic of Sri …
Sri Lanka’s APFASL announced winners of annual BARA awards
The ceremony, which acknowledges excellence in financial reporting within Sri Lanka’s public sector, took place in Colombo.
Sri Lanka secures USD 50 million loan from OPEC Fund for economic recovery
The Government of Sri Lanka has submitted a request to the OPEC Fund for International Development to secure funds to finance Sri Lanka’s Comprehensive Reform Agenda, in line with the Extended Fund Fa …
Sri Lanka secures USD 50 million loan from OPEC Fund for economic recovery
The Government of Sri Lanka has submitted a request to the OPEC Fund for International Development to secure funds to finance Sri Lanka’s Comprehensive Reform Agenda, in line with the Extended Fund Fa …