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Assurances of support by India on debt restructuring trigger positive trend in shares

By Hiran H.Senewiratne CSE trading activities registered a positive trend yesterday following a Bloomberg report that India has formally notified that it would support Sri Lanka’s debt restructuring plan, clearing a major hurdle for the bankrupt nation to unlock a US $2.9 billion bailout from the International Monetary Fund, stock analysts said. Debt restructuring talks […]
Sri Lanka Sri Lankan Russel Fonseka Sanath Nanayakkare Head Of International Central Bank
Source: island.lk

CBL Sera Kottu Kottu wins big at the SLIM Digis 2.2

CBL Sera Kottu Kottu won 6 category awards at the SLIM Digis 2.2 for its experiential digital marketing campaign ‘Grand Theft Kottu’, initiated in collaboration with Convenience Foods (Lanka) PLC (Subsidiary of CBL Group), Isobar Sri Lanka and Kaali Projects. The Grand Theft Kottu campaign won the Gold Award for Digital in Food and Beverages […]
Sri Lanka Sri Lankan Russel Fonseka Sanath Nanayakkare Head Of International Central Bank
Source: island.lk

Pan Asia Bank partners with Amana Takaful Life to serve different customer segments

The nation’s Truly Sri Lankan Bank, Pan Asia Bank is partnering with Amana Takaful insurance to extend greater protection and investment opportunities for its wider range of customers across Sri Lanka. Pan Asia Bank’s new bancassurance partnership with Amana Takaful Insurance will enable its customers to fulfill their insurance requirements to further enhance its suite […]
Sri Lanka Sri Lankan Russel Fonseka Sanath Nanayakkare Head Of International Central Bank
Source: island.lk

BOC's new GM/CEO confident about Bank's inward remittances hitting USD 4 billion in 2023 – The Island

Also positive on steering the country’s largest bank successfully as it navigates turbulent conditions by Sanath Nanayakkare The Bank of Ceylon (BOC), the leader of inward remittance business in Sri Lanka, is confident that it will be able to regain its past glorious levels of foreign exchange remittances by the end of 2023 or within […]
Sri Lanka Sri Lankan Russel Fonseka Sanath Nanayakkare Head Of International Central Bank
Source: island.lk

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Bangladesh to get 20 broad gauge diesel locomotives from India

India has agreed to provide 20 broad gauge diesel locomotives to Bangladesh on grant basis. A press release sent by the Eastern Railway, Kolkata on Monday (12 December) confirmed the information. The decision was taken at a joint meeting between delegates from Bangladesh Railway and Eastern Railway, India at Eastern Railway Headquarters, Fairlie Place, reports Hindustan times.
West Bengal Seikh Sakil Uddin Ahmed Jaideep Gupta Shah Shufi Nur Mohammad Shri Arun Arora Pakshey Division

Power crisis: Udaya asks govt. not to repeat GR's blunders – The Island

Warns of 12 to 14 hour power cuts by March if preventive action is not taken now By Rathindra Kuruwita There could be 12-14 hour power cuts in March next year, Leader of the Pivithuru Hela Urumaya (PHU) MP and Udaya Gammanpila warned yesterday in Colombo. “Actually, the situation could become worse than next year because […]
Sri Lanka Pivithuru Hela Urumaya Ranil Wickremesinghe Gotabaya Rajapaksa Rathindra Kuruwita Udaya Gammanpila
Source: island.lk

Electricity tariff hikes in two stages in 2023

COLOMBO (News 1st) - Sri Lanka's Cabinet approved a hike in electricity tariffs under two steps in January and June 2023. A statement from Sri Lanka - Get the latest breaking news and top stories from Sri Lanka, the latest political news, sports news, weather updates, exam results, business news, entertainment news, world news and much more from News 1st, Sri Lanka's leading news network.
Sri Lanka Rohan Seneviratne Sri Lanka Parliament Public Utility Commission Sub Committee On Identifying The Short Medium Economic Stabilization Of The National Council

Sri Lanka denies registration to UAE, Oman bound workers on visit visas, some housemaids

Sri Lanka has stopped officially registering persons going to the UAE and Oman on tourist visas taking a higher risk, as well as housemaids and low-skilled categories who find jobs on their own, Foreign Employment Minister Manusha Nanayakkara said.
United Arab Emirates Sri Lanka Sri Lankan Ranil Wickremesinghe Poliuce Nihal Thalduwa Manusha Nanayakkara

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