EMGA Secures a Commitment for USD 30.0 Million Senior Debt Finance for Citizens Development Business Finance PLC in Sri Lanka

[ad_1] LONDON, Jan. 10, 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA), an investment bank specializing in emerging markets, has successfully secured a commitment for USD 30.0 million…

Sri Lanka raises taxes ahead of foreign debt deal

[ad_1] COLOMBO: Sri Lanka slapped a new 18 percent value added tax (VAT) on fuel, mobile phones and computers from Monday to raise desperately needed revenue ahead of a foreign…

Sri Lanka: Thousands arrested in week-long anti-drug operation

[ad_1] Almost 15,000 suspected criminals and addicts are detained in a week-long operation, police say. [ad_2] Source link

World Bank releases $250mn to boost Sri Lanka reforms

[ad_1] COLOMBO: The World Bank said Wednesday it had released $250 million to support bankrupt Sri Lanka’s tough economic… COLOMBO: The World Bank said Wednesday it had released $250 million…

Italy pulls out of China’s Belt and Road Initiative – Business News | Daily Mirror

[ad_1] BBC: Italy will pull out of China’s flagship Belt and Road Initiative (BRI), the government has confirmed.Prime Minister Giorgia Meloni’s administration notified…

Indian tourists flock to visa-free destinations: Malaysia, Thailand, Sri Lanka see 100% spike in travel demand

[ad_1] Indian travellers are flocking to visa-free destinations such as Malaysia, Thailand, and Sri Lanka, with a notable spike of 100 per cent being reported by travel companies.  Malaysia, following…

Sri Lanka to OK Sinopec’s $4.5 billion refinery proposal on Monday -minister

[ad_1] COLOMBO :Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-billion-dollar refinery, the South Asian island nation’s energy minister said on…

IMF’s second tranche finalisation to Sri Lanka in Dec: Nandalal Weerasinghe

[ad_1] The second tranche of the USD 2.9 billion IMF bailout for cash-strapped Sri Lanka would be finalised within the next month, central bank governor Nandalal Weerasinghe said on Friday.…