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Hedge funds holding up vital debt relief for crisis-hit Sri Lanka
Some of the world’s most powerful hedge funds and other investors are holding up vital help for crisis-hit Sri Lanka by their hardline stance in debt-relief negotiations after the Asian country’s US $51 billion default last year, according to 182 economists and development experts from around the world.
VitalHub Innovations Lab celebrates 15 years of unwavering commitment in making the world a better place
Photo Caption:
1. The team at VitalHub Innovations Lab
2. Dan Matlow, President and CEO of VitalHub Corp. speaking at the event
Canada provides humanitarian aid of US$ 3 Mn for vulnerable SL communities
Amidst Sri Lanka’s worst economic crisis since independence, the UN recently revised its joint Humanitarian Needs and Priorities (HNP) Plan, appealing for more life-saving assistance to aid 3.4 million people.
Colombo Lotus Tower records revenue of Rs268 million in 3 months
Colombo Lotus Tower project incurs Sri Lanka US$113 million in maintenance reportedly huge and annual revenue is estimated at present at around $8.2 million.
Government calls for tenders to import eggs to tackle steep price rice
The Government has taken difficult but essential action to import eggs calling tenders from today (Monday 09) to bring down a steep rise in the price unbearable for low and middle income consumers amidst divergent views and bickering of producers and suppliers to the local market.