South Asia Gateway Terminals (Pvt) Ltd (SAGT), Sri Lanka’s first Public Private Partnership Container Terminal was awarded the ‘Container Terminal with Best Safety Practices’ and the ‘Best Container....
The United States District Court in the Southern District of New York has set dates to hear the lawsuit filed by Hamilton Reserve Bank seeking payment of defaulted International Sovereign Bonds (ISBs) on April 20, following a failed attempt to get the case dismissed by the Sri Lankan government.
The International Monetary Fund (IMF) slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical strains.
Japan, India and France will announce the launch of the debt restructuring negotiation process on Sri Lanka today, in the margins of the Spring Meetings, the International Monetary Fund statement said.
The weeks-long decline in Treasury bill yields reversed this week in two out of three tenures, in what was interpreted as a temporary blip by the primary dealers and investors, as they believe the current descent in bill and bond yields to accelerate in the remainder of the year.
Credit to the private sector continued to decline through February but the pace at which it was coming down slowed compared to a month ago, reflecting that the financial conditions are easing after the rates began to come down on hopes of a pivot in the monetary policy as early as in the second quarter.
Through funding from the European Union (EU), a shipment of 3,820 tonnes of urea fertiliser procured by the Food and Agriculture Organisation of the United Nations (FAO) was handed over to the Agriculture Ministry yesterday, for distribution among the smallholder paddy farmers and paddy seed farmers in Sri Lanka.