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‘s Ratings: Political change unlikely to derail reform trajectory but underscores fiscal challenges
Moody’s Ratings suggests that the broad appetite for reforms will remain intact, and the agency does not foresee significant disruptions to the country’s reform agenda or macroeconomic policies, which include ongoing debt restructuring and structural adjustments under the International Monetary Fund (IMF) programme. Moody’s notes that while the reform agenda is expected to continue, some […]
” National Rating; Outlook Stable
Fitch Ratings has assigned Sri Lanka-based Bogawantalawa Tea Estates PLC a first-time National Long-Term Rating of ‘A(lka)’ with a Stable Outlook. Fitch has also assigned Bogawantalawa’s outstanding senior unsecured debentures a National Long-Term Rating of ‘A(lka)’. Bogawantalawa’s ratings are driven by the long-term structural decline at Sri Lankan tea plantations amid regulatory overhang on costs, […]
CA Sri Lanka signs MOU with University of Ruhuna
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the University of Ruhuna signed a Memorandum of Understanding (MoU) recently aimed at enhancing seamless collaborative efforts for professional education of university students. The primary objective of this MOU is to improve collaborations between CA Sri Lanka and the University of Ruhuna to allow […]
Tender Announcement for Bandaranaike International Airport Development Project Phase 2
Airport & Aviation Services (Sri Lanka) (Private) Limited (AASL) announced the tender for Bandaranaike International Airport Development Project Phase 2 (the BIA Project), which aims to accomplish the full scope of the Project funded by the JICA’s ODA loan by the end of 2027 to meet the growing passenger demand in Sri Lanka. In the […]
Looks forward to collaborating with new President & discussing 3rd review timing: IMF Spokesperson
The International Monetary Fund (IMF) has expressed optimism about working with President Dissanayake and his administration to build on the progress Sri Lanka has made towards economic recovery. The country has been on a challenging path since facing one of its worst economic crises in 2022. An IMF spokesperson stated, “We look forward to working […]
Nandika Sanath Kumanayake appointed as Secretary to the President
Dr. Nandika Sanath Kumanayake was appointed by President Anura Kumara Dissanayake as the new Secretary to the President at the Presidential Secretariat today (23). Dr. Nandika Sanath Kumanayake joined the government service as an Assistant Superintendent of Sri Lanka Customs in 1997. He studied at Rahula College, Matara, and obtained his BSc degree with first-class […]
New President Receives Congratulations from Neighboring Countries
Anura Kumara Dissanayake, who was sworn in as the 9th Executive President of Sri Lanka, has received a warm wave of congratulations from neighboring countries and international leaders. Indian Prime Minister Narendra Modi, Chinese President Xi Jinping, Pakistani Prime Minister Shehbaz Sharif, and the US State Department have all extended their best wishes to the […]
JAAF congratulates new President Anura Kumara Dissanayake
The Joint Apparel Association Forum (JAAF), Sri Lanka’s apex body for the textile and apparel industry, warmly congratulates NPP leader Anura Kumara Dissanayake on being elected as the new President of Sri Lanka. As the country enters a new phase of leadership, JAAF highlights the immense importance of the apparel sector, a key driver of […]
CCC and FCCISL Extend Congratulations to the New President
Ceylon Chamber Congratulates New President The Ceylon Chamber of Commerce wishes to congratulate President Anura Kumara Dissanayake on being elected the 9th President of Sri Lanka. We call for all parties to continue to respect the outcome of the election in a peaceful manner without disturbing the normalcy of the public, demonstrating our respect towards […]
Anura Kumara Dissanayake sworn in as the 9th Executive President of Sri Lanka
NPP Presidential Candidate Anura Kumara Dissanayake took oath as the 9th Executive President of Sri Lanka before the Chief Justice at the Presidential Secretariat on Monday (23). Sri Lanka’s Election Commission announced Dissanayake (55) as the winner of the 2024 presidential election yesterday.