Category: Local News

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.

Japan, France and India will announce a new platform for creditors to coordinate restructuring of Sri Lanka’s debt, Japanese Finance Minister Shunichi Suzuki said on Wednesday, adding it would be “very nice” if China were to join the effort.

High Commissioner of the Republic of Maldives to Sri Lanka H.E. Ali Faiz paid a courtesy call on the State Minister of Defence in Sri Lanka Premitha Bandara Tennakoon at the State Ministry of Defence in Colombo today (April 12).

Japan, India and France are scheduled to hold a press briefing on Thursday (13 April) to announce the launch of the debt restructuring negotiation process on Sri Lanka.

Sri Lanka expects China to support its effort to restructure debts and help it begin repaying its obligations, according to the nation’s central bank governor.

The Asian Development Bank is considering more concessionary funding for Sri Lanka and support for green bond issues as part of its assistance to help the South Asian nation recover from its worst economic crisis in decades.

Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the central bank governor told Reuters in an interview on Tuesday.

Finance State Minister Ranjith Siyambalapitiya has called for a report from the Department of Trade and Investment Policies to ascertain whether the prices of school bags and shoes in the market is fair.

The National Shooting Championship organized by the Sri Lanka Navy for the 7th consecutive time was held from March 28 to April 04 at the Welisara Navy Shooting Range.

The 2023 Local Government Election scheduled for April 25 has been postponed again for the second time, the Election Commission of Sri Lanka announced today (April 11).

Exports are still required to convert a part of the US Dollar income into Sri Lanka Rupees, the Central Bank of Sri Lanka (CBSL) announced.

U.S. Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Zambia and Ghana for restructuring of their sovereign debts, and moves to conclude a debt treatment for Sri Lanka, U.S. Treasury said on Monday.

A team of military experts has trained Sri Lanka’s parliament officials and security personnel in countering a possible chemical attack.

The European Union (EU) handed over a shipment of 3,820 tonnes of urea fertilizer procured by the Food and Agriculture Organization of the United Nations (FAO) to the Ministry of Agriculture today (April 10) for distribution among smallholder paddy farmers and paddy seed farmers in Sri Lanka.

The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (April 10), according to the Central Bank of Sri Lanka.

Recent cases of Chinese nationals who have been trafficked overseas with the promise of high salaries but ended up trapped in illegal activities including telecom scams and online gambling are a warning for Chinese nationals to keep a wary eye on recruitment traps overseas, the Chinese Embassy in Sri Lanka said in a notice over the weekend.