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Mr. Alban Sumana Kingsford Bagbin, the Speaker of Parliament, on Thursday directed the Finance Minister to appear before Parliament's Committee of Finance to report on the Government's Debt Restructuring Programme. He noted that the Finance Committee, together with the Ministry of Finance, would deliberate on the report, and then the…
Shares of Tupperware Brands Corporation (TUP) are up 46% on Friday after the company announced a debt restructuring agreement with lenders to restructure its existing debt obligations.
Both countries expressed the importance of expediting the implementation of these projects, the Presidents Media Division (PMD) said following the meeting over the last weekend.
Japan pressed bankrupt Sri Lanka on Saturday to expedite its debt restructuring, including with its biggest creditor China, to stabilise the island nation's economy after an unprecedented crisis.China holds about 52 percent of Sri Lanka's bilateral credit, with Japan and India the next biggest lenders.
Creditors of E-House (China) have approved a debt restructuring plan, paving the way for the property brokerage and consultancy to finalise a solution on two bond defaults totalling US$600 million.