BUSINESS

Bangladesh apparel transshipment obstruct by Sri Lanka  crisis   

BUSINESS CN -
Sri Lanka in the  middle of a political crisis amidst curfew being imposed as mobs went on a rampage protesting against the Government, garment...

SL compels to commit “hard default on US$ 78 million ISB Coupon payment     

BUSINESS CN -
Sri Lanka is likely to commit “hard default” as opposed to pre-emptive negotiated avoidance as the International Sovereign Bonds (ISB) Coupon payment is due...

Sri Lanka Telecom records Rs 26 billion revenue growth in Q1 2022  

BUSINESS CN -
Sri Lanka Telecom Group (SLT Group), the National ICT Solutions Provider, recorded a consolidated revenue growth of 5.4% to Rs 26 Bn in Q1...

SLTDA to lease out  Uchchamunai Island for a tourist hotel project 

BUSINESS CN -
The Uchchamunai Island in question has not been sold and a lease agreement was signed for a period of 30 years to a foreign investor in...

India Exim Bank to restructure US$1.3 billion Sri Lanka Debt

BUSINESS CN -
Export financing institution India Exim Bank is looking at restructuring its $ 1.3 billion exposure to crisis-ridden Sri Lanka. It however does not have any...
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