Development and Economic News
Sri Lanka’s foreign ISB holders to get repaid 20%-46% more than China
A new analysis shows that Sri Lanka’s bondholders are set to be repaid significantly more than Government creditors such as China, under the in-principle restructuring deal agreed in early July.
CB adheres to wage recommendations by independent committee, CoPF
The Central Bank (CB) is adhering to salary revisions as directed by an independent committee and the Committee on Public Finance (CoPF), according to Governor Nandalal Weerasinghe, a development that was earlier reported in The Sunday Times Business.
Scope elevates cinema experience with IMAX theatre at Havelock City Mall
Scope Cinemas yesterday elevated the experience for moviegoers with the launch of a world-class IMAX theatre at the Havelock City Mall, Colombo 5.
Sri Lanka to review progress of economic and trade relations with Pakistan
Sri Lanka will review the progress of its economic and trade relations with Pakistan at the bilateral discussions set to take place at the end of this month, the Foreign Affairs Ministry announced yesterday.
SL is closer to rating agencies’ determination on solvency status: CB
Governor Dr. Nandalal Weerasinghe expresses confidence in shaking off status soon
Government to implement National Agenda for Anti-Corruption
The Cabinet of Ministers has recently approved President Ranil Wickremesinghe’s Cabinet Memorandum to implement the “National Agenda for Anti-Corruption.”
Sri Lanka and Thailand enter public debt management capacity building accord
The Neighbouring Countries Economic Development Cooperation Agency (NEDA) of Thailand and Sri Lanka’s Finance Ministry, have signed a Record of Discussion (RoD) to launch a Capacity Building Program for officials attached to forthcoming Public Debt Management Office (PDMO).
SEC signs landmark MOU with Maldives Capital Market Regulator
The Securities and Exchange Commission of Sri Lanka (SEC) and the Capital Market Development Authority of Maldives (CMDA) signed a landmark Memorandum of Understanding (MOU) on 21st July 2024 in Malé.
153,000 youths enrolled in 3,600 institutions for skills training in 2023
A total of 153,000 young people enrolled in over 3,600 government and non-government institutions for skills training sessions in 2023, Education Minister Susil Premajayantha said.
Govt. to provide interest relief for pawned gold jewelery in banks
The Cabinet of Ministers has green lighted a proposal to provide relief to the people who have pawned gold jewelery in banks.