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Sunshine Healthcare Lanka attracts USD 10Mn FDI from IFC
Sunshine Healthcare Lanka Limited (SHL), the healthcare arm of diversified conglomerate Sunshine Holdings PLC (CSE: SUN), announced the successful conclusion of the approximately LKR 3,270 million equity investment from the International Finance Corporation (IFC), a member of the World Bank Group. This landmark investment strengthens SHL’s vision to expand healthcare accessibility and bolster innovation across […]
Sri Lanka Facilitates Repatriation of 56 Pakistani Prisoners
Sri Lanka has successfully facilitated the repatriation of 56 Pakistani prisoners who had been languishing in Sri Lankan jails for several years. The group, comprising 51 men and 5 women, was flown back to Pakistan on a specially chartered plane. This humanitarian effort was made possible through the efforts of Pakistan’s Federal Interior Minister Mohsin […]
‘s full-time head coach
Sri Lanka Cricket (SLC) announced the appointment of Sanath Jayasuriya as the head coach of the national team. This decision was made by the Executive Committee of SLC, recognizing the team’s impressive performances in recent tours against India, England, and New Zealand, where Jayasuriya served as the interim head coach. Jayasuriya’s appointment officially began on […]
World Bank Signs Additional USD 200 Mn to Support Sri Lanka’s Economic Reforms
The World Bank and the Government of Sri Lanka today signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for $200 million. This is the second operation in a two-part series that began in 2022. The first operation, totaling $500 million, was disbursed in June and December 2023. The Second RESET DPO aims to support […]
HIP sees 40-pct Increase in RORO transshipment between 2nd and 3rd Quarters
The Hambantota International Port (HIP) has marked a 40 percent increase in RORO vehicles handled between the 2nd and 3rd quarters of 2024. From 125,526 units handled in the 2nd quarter the port went up to 175,583 RORO units handled as at the end of September. A contributing factor to this is the increase in […]
Successful IMF and OCC Agreement Paves Way for Debt Relief: Ceylon Chamber Welcomes Progress
The Ceylon Chamber of Commerce commends the Government of Sri Lanka on the successful completion of consultations with the Official Creditor Committee (OCC) and the International Monetary Fund (IMF) regarding the Agreement in Principle (AIP) reached with international and local holders of International Sovereign Bonds (ISBs). This marks significant progress towards achieving external debt restructuring […]
‘s Finance Ministry announces successful completion of OCC & IMF consultation process
Sri Lanka’s government announced that, following the Agreement in Principle reached with representatives of its international and local holders of International Sovereign Bonds, the Sri Lankan authorities have now completed their consultations with Sri Lanka’s Official Creditor Committee and the IMF regarding the compliance of the AIP terms with the Comparability of Treatment principle and […]
‘s commitment to assisting in tourism, energy services & dairy industry
Indian External Affairs Minister, Dr. S. Jaishankar, who arrived in Sri Lanka this morning (04) on a one-day official visit, met with President Anura Kumara Dissanayake at the Presidential Secretariat this afternoon. At the outset, the visiting External Affairs Minister congratulated President Dissanayake on his election and conveyed felicitations from Prime Minister Narendra Modi. The […]
End-of-Mission Statement: IMF Team to Continue Engagement with SL’s Economic Team for Third Review
An International Monetary Fund (IMF) team, led by Mr. Krishna Srinivasan, Director for the Asia Pacific Department, visited Colombo from October 2-4, 2024. During the visit, Mr. Srinivasan held discussions with key Sri Lankan officials, including President Dissanayake, Prime Minister Amarasuriya, Minister Herath, Governor Weerasinghe, and Secretary to the Treasury Siriwardena. In a statement issued […]
First Multistakeholder Initiative on Child Rights in Tourism Launched in Sri Lanka
On World Tourism Day, representatives from leading hotel businesses, tourism associations, NGOs, and government departments convened in Colombo to officially launch the Mother and Child-Friendly Seal for Responsible Business in Tourism. This pioneering initiative, the first of its kind in Sri Lanka, brings together key actors from the tourism supply chain to enhance the well-being […]