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.
Home Lands Skyline Triumphs Again as Sri Lanka’s Best Developer
Home Lands Skyline reaffirmed its status as the undisputed leader in real estate development in Sri Lanka by winning the prestigious “Best Developer – Sri Lanka Award” at the PropertyGuru Asia …
Socomec forms strategic alliance with Venora Group to advance power monitoring solutions in Sri Lanka
Socomec, a France-based specialist in low voltage power management with over a century of expertise, has announced a strategic partnership with Boxy a subsidiary of the Venora Group—one of Sri Lanka’s …
Socomec forms strategic alliance with Venora Group to advance power monitoring solutions in Sri Lanka
Socomec, a France-based specialist in low voltage power management with over a century of expertise, has announced a strategic partnership with Boxy a subsidiary of the Venora Group—one of Sri Lanka’s …
Sri Lanka To Save Over 1,000 Million LKR Annually By Slashing Security Of Former Presidents
Sri Lanka is set to save over 1,000 million Sri Lankan Rupees annually by reducing the excessive security provided to former presidents. From January 1, 2025 security personnel for ex-presidents will …
Nepal, India match washed out, Nepal to face Sri Lanka in U-19 Asia Cup semifinal
The U-19 ACC Women’s Asia Cup match between Nepal and India at the Bayuemas Cricket Oval in Kuala Lumpur on Tuesday was abandoned due to rain. With both teams sharing a point each, India topped Group …
Analysis:The $80 million question: Can bond reward force Sri Lanka to improve governance?
Investors burned by Sri Lanka’s $12.5 billion debt default are using the subsequent years-long restructuring to try to force the island nation’s leaders to better manage the country.Industry experts s …
India announces plans to supply LNG to Sri Lanka and connect power grids
India has unveiled plans to supply LNG to Sri Lanka, with ambitions to connect the power grids between the two nations and establish a petroleum pipeline. This announcement was made by Indian Prime …