World Bank is making up to USD120 mn in emergency support available by repurposing funds

In response to the Government’s request, the World Bank is making up to US$120 million in emergency support available by repurposing funds from ongoing projects, the World Bank said in a statement. This will support recovery and help restore essential services and infrastructure—including health care, water, education, agriculture, and connectivity—in the areas hit hardest by […]

SEC Alert: Gladius South Asia is not licensed by SEC or registered with Financial Conduct Authority in UK

The Securities and Exchange Commission of Sri Lanka (SEC) wishes to inform the public that Gladius South Asia is unauthorized to act as a Market Participant in Sri Lanka. The SEC confirms that this entity is not licensed by them. Furthermore, the SEC has received official confirmation from the Financial Conduct Authority (FCA) that Gladius […]

Economic, fiscal &’s Ratings

According to Moody’s Ratings, South and Southeast Asian countries have been severely impacted by several tropical cyclones and unusually heavy monsoon rains since mid-November, leading to widespread flooding and landslides and the tragic loss of hundreds of lives. Moody’s assesses that the economic, fiscal, and credit impact of this disaster is likely to be most […]

EDB Launches Fast-Track Relief to Support Exporters Affected by Adverse Weather

 The Export Development Board (EDB) has launched a rapid relief and recovery program following the severe impact of adverse weather conditions on Sri Lanka’s export sector. A discussion meeting was held recently at the EDB premises, with the participation of Secretary to the Ministry of Industry and Entrepreneurship Development Mrs. Tilaka Jayasundara, EDB Chairman and […]

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