China now seems to pressure Sri Lanka into entering into a Free Trade Agreement (FTA) under the guise of helping to restructure debt repayments following the delayed assurance for the restructuring of its debt with some conditions.
The Central Bank of Sri Lanka (CBSL) has announced that it is considering criminal action against a group that ran a crypto investment scheme dubbed Sports Chain.
India, Japan, and France on Thursday will announce the launch of the debt restructuring negotiations process on Sri Lanka while the creditor countries have been closely working toward a coordinated debt rearrangement process.
Sri Lanka Finance Ministry has swiftly moved in to submit the country’s legal submissions on April 7 in defence following a United States District Court’s denial Sri Lanka Government's motion to dismiss the case filed by Hamilton Reserve Bank on behalf of certain holders of International Sovereign Bonds (ISBs).
