Sri Lanka’s Sovereign Foreign Debt: To Restructure or Not?
By Dr. Dushni Weerakoon: Sovereign debt restructuring can be pre-emptive or post-default. A default is inherently costly as it can result in a sustained loss …
By Dr. Dushni Weerakoon: Sovereign debt restructuring can be pre-emptive or post-default. A default is inherently costly as it can result in a sustained loss …
Sri Lanka's Central Bank says that S&P’s assessment to downgrade the rating has clearly failed to recognise the recent progress made by the Government …
The initial public offering (IPO) of shares of Hela Apparel Holdings Limited (Hela Clothing), one of the largest IPOs ever in Sri Lanka, received an …
The construction work of the second phase of Eastern Container Terminal at the Colombo Port commenced this morning (12) under the patronage of the President …
By Chair of our Academic Programme and former Economic Adviser at the World Bank, Dr. Sarath Rajapatirana, and our Senior Research Fellow, and former Director …
Fitch Ratings expects the Fed to raise rates twice in 2022 and four times in 2023, taking the Fed funds rate (upper bound) to 1.75% by end-2023 from 0.25% …
When Samsung Electronics revealed its first prototype of a flexible display back in 2011, few people realized they were witnessing a glimpse into the mobile …
Asian Development Bank (ADB) Vice President Shixin Chen stated that the Bank is ready to provide funds to restructure several state-owned enterprises. Vice …
Sri Lanka's Central Bank says that the changes in the composition of official reserves are in accordance with the current reserve management needs and …
Should optimise assets, not limit themselves to being solely agriculture businesses By Bhathiya Bulumulla Over the past three decades, the Regional Plantation …
President Gotabaya Rajapaksa stressed that steps should be taken to find a solution to the power crisis without disrupting the lives of the people. The …
Minister of Industries, Wimal Weerawansha recently appointed the chairman and members of the Advisory Council of the Automobile Assembling and Automobile …
The fiscal relief package recently introduced in Sri Lanka reduces the scope for fiscal and debt consolidation at a time when fiscal flexibility is already …
Chinese State Councillor and Foreign Minister WANG Yi assures that China will continue to do its best to provide all the necessary help and support to Sri …
A meeting between the Minister of Foreign Affairs of China and Member of the State Council Wang Yi, and President Gotabaya Rajapaksa was held at the …
The Hambantota International Port (HIP) has received FSS certification (Fitness for Service) for their tank farm facility. The certification was issued …
The highly sought after Chartered Accounting qualification offered by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) was further reinforced …
Central Bank emphasizes that it is not mandatory for Sri Lankans working abroad to convert their remittances into LKR and migrant workers who channel their …
Daraz is entering a new phase of its journey towards creating exceptional user experiences and developing a digitized ecosystem. Embarking on an exciting …
By Mithara Fonseka and Kavishka Indraratna In 2016, Sri Lanka ratified its Trade Facilitation Agreement (TFA) with the WTO and in 2017 a Secretariat was …