Authorities are proposing a 30 per cent haircut on ISBs and other dollar-denominated debt

*Country needs to reduce its debt by about US $ 17Bn between 2022-2027 to achieve debt sustainability

The government of Sri Lanka has mandated a five-day bank holiday to prevent people rushing to banks to withdraw money as officials implement a debt restructuring plan.

The US Coast Guard has said that "presumed human remains" have been recovered among the debris of the Titan, the submersible which imploded during a voyage to explore the wreckage of Titanic earlier this month.

The country’s drug regulator has functioned without a Professor of Pharmacology to offer guidance in making crucial decisions for the past few months, Senior Consultant Physician Dr. Ananda Wijewickrama charged.

The Central Bank on Wednesday presented possible domestic debt restructuring scenarios to the Cabinet of Ministers, which indicated that restructuring/optimization will apply only to Treasury bills held by the Central Bank and the bonds held by superannuation funds.

Air China will resume their Colombo flights after a lapse of 18 months (due to C-19) from July 3, 2023.The airline would operate three weekly flights to Colombo from Chengdu operating every Monday, Wednesday and Friday.

• Minister of Foreign Affairs Ali Sabry expressed frustration about the amount of time it took Sri Lanka to receive help after it defaulted on its debt in May 2022
  
• He was speaking at World Economic Forum on Wednesday, with economists calling for China to play a more prominent role in the global financial system

The government has decided to establish a separate authority named Gambling Regularisation Authority to regulate the country’s gaming industry.

Banks have disproportionately cut deposit rates since the announcement of 250 basis points cut in policy rates

Dhaka, June 27 -- Japan and Bangladesh on Tuesday signed a loan agreement of USD $225 million as budgetary support for the latter's economic recovery and strengthening public financial management capacity.

People fleeing Russia's war in Ukraine have brought migration to Germany to a higher level than ever before.

Dhaka, June 27 -- Adani Group has claimed that its second unit of the 1,600 MW Godda Power Plant in Jharkhand has achieved Commercial Operation Date (COD) in supplying electricity to Bangladesh at full capacity.

Outstanding payments owed by SPC estimated at over Rs.10bn

Sri Lanka’s pharmaceutical firms are becoming less enthusiastic to participate in government tenders, due to the financial strain from outstanding payments running into billions of rupees and unfavourable tender clauses.

The two aircraft undergoing C-checks will finally return to operations next week, a statement from SriLankan Airlines said.

Referring to the statement made by the Health Ministry Secretary that 700 doctors who are currently overseas will return within the next two years upon the completion of medical specialist training, a senior medical specialist said it is highly unlikely to witness such a phenomenon given the recent trend.

• 70 percent of tourist arrival target for June realised
  
• Jan 1 – June 20 cumulative arrivals total 585,669
  
• India, Russian Federation, and UK top 3 traffic generators
• China now among top 5 tourist source markets

President Ranil Wickremesinghe arrived this morning at the Bandaranaike International Airport (BIA) after finishing his Europe tour, the Airport Duty Manager said.

Jay and Sean, a father and son, revealed they were initially set to be on the Titan Submersible trip, but they ended up giving up their seats

Prime Minister Dinesh Gunawardena has emphasised that if mistakes and shortcomings have occurred in the selection of beneficiaries for the ‘Aswesuma’ programme, they will be rectified without fail, and assured that no low-income persons or patients of various diseases will be left behind.

National People’s Power (NPP) Leader Anura Kumara Dissanayake, speaking in Australia today, said that overseas Sri Lankans had hope on Gotabaya Rajapaksa during the 2019 Presidential polls.