Category: Local News

A committee of Sri Lanka’s international private creditors sent its first debt rework proposal to the country’s authorities regarding over $12 billion in bonds outstanding, according to three sources with direct knowledge of the matter.

The spokesman for the Ministry of Foreign Affairs of the People’s Republic of China Wang Wenbin has reaffirmed their commitment towards Sri Lanka’s debt restructuring process.

Japan, India and France on Thursday announced a common platform for talks among bilateral creditors to coordinate restructuring of Sri Lanka’s debt, a move they hope would serve as a model for solving the debt woes of middle-income economies.

Sri Lanka’s Department of Government Printing has stopped all printing processes related to the 2023 Local Government (LG) election.

Sri Lanka President Ranil Wickremesinghe and Prime Minister Dinesh Gunawardena have released their messages for Sinhala and Tamil New Year.

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.