Page 2 - Debt Restructuring Process News Today

According to Sri Lankan President's Media Division, Wickremesinghe stated that after obtaining USD 2.5 billion from the IMF, the nation can receive close to USD 5 billion from the World Bank and the Asian Development Bank.

Former Prime Minister of the United Kingdom, David Cameron, visited Port City Colombo development project during a private trip to the island. Cameron engaged in a discussion with Reyaz Mihular – Commission Member and Vindhya Weerasekera – Director Legal and Corporate Affairs of the Colombo Port City Economic Commission; Yang Lu – Managing Director of […]

The widest network in Sri Lanka, Dialog Axiata PLC, recently commissioned a tower in the village of Madolsima in the Badulla district under the “Sew Desatama Dialog” initiative as part of its pledge to enhance connectivity throughout the nation’s villages and deep rural communities. The Madolsima tower was commissioned alongside additional towers in the villages […]

By Hiran H.Senewiratne CSE activities fell at mid-day due to increases in excise duties and recent fuel price revisions, pushing the stock market to red territory yesterday. The overall market is down because the increase in excise duties and fuel price revisions are slowing down investor sentiment to a great extent, stock market analysts said. […]

National Savings Bank (NSB) ceremoniously commenced the first working day of the New Year, 2023 at the Head Office Premises of the Bank in Kollupitiya, on 02.01.2023 in the morning hours. The proceedings of the event began with the Chanting of Pirith and Anushasana by the Venerable Members of Maha Sangarathne, which was followed by […]

Pictured here (L to R): Piyum Jayatilaka, Marketing Manager, Singer Sri Lanka, Nilupul De Silva, General Manager Marketing Revello, CBL Foods International, Gayan Perera, VP Events, SLIM presenting the award to Kineta Fernandez, Brand Executive Local Power Brands, Sharina Bandaranayake, Assistant Vice President Local Power Brands and Muaaz Rafeek, Brand Executive International Business Lion Brewery […]

The Ceylon Motor Traders Association (CMTA), the most senior automotive association in South Asia, recently hosted the first CMTA Pre-owned Vehicle Fiesta, which was the first public event put on by the CMTA in over 2 years. This was due the significant challenges brought about by the prevailing economic conditions and the fact that Sri […]

EY Sri Lanka, is scheduled to host a Sri Lanka Banking Conference titled ‘Surfing Through the Crisis’, on the 14th of November 2022, at Galle Face Hotel from 8.30 a.m. onwards. The event is designed to create value for Sri Lanka’s financial sector amidst the prevailing economic crisis. As the largest service providers to the...

Spending his own personal money to make some of those payment as well but this audit, if confirmed, goes a step further to assess the value of the companys assets and determine if there are also any head ones as well because that will allow the government decide whether a bailout is necessary and force as we have in saying, it is impossible to know exact what is happening in china with evergrande and while many dont act a complete bailout it appears evergrandes process is appears evergrandes pro...

Lets bring in our asia business correspondent, mariko 0i. just talk us through the data? well, firstly, we are still very much watching evergrande. is she has hit record lows yesterday after announcing it might not be able to meet some of its financial obligations a couple of weeks ago and of course last week it missed some payments, and the company has now entered a debt restructuring process with chinese authorities. but were still waiting for confirmation from the company or badging. meanwhil...