Debt Relief Milestone Secures Over USD 17 Billion in Support Amid Ongoing IMF Program.
On the 19th of September 2024, Sri Lanka announced that it has reached Agreements in Principle on the restructuring of approximately USD$ 17.5 billion of external commercial debt (as of end 2023).
In a bid to boost the participation and competitiveness of women entrepreneurs in international trade, the Sri Lanka Export Development Board (EDB) is set to sign a non-financial Memorandum of Understanding (MoU) with the International Trade Centre (ITC) to establish the ITC SheTrades Hub in Sri Lanka.
United Petroleum’s top executives, Co-Founder Avi Silver, Group CFO Nigel Simonsz, Group Procurement Head Brett Crawford and United Petroleum Lanka Director/CEO Dr. Prabath Samarasinghe on Monday visited the Colombo Port City.
The Renewable Energy Protectors’ Association (REPA) has called on the leading Presidential candidates to outline their plans to address the issues faced by the renewable energy sector, including the Power and Energy Minister’s recent decision to lower the tariff rate for solar energy projects to Rs. 27 per unit.
Port City Colombo has achieved a significant milestone, on-boarding 100+ companies as Authorised Persons (APs), as of 24 August 2024. These companies represent a diverse range of sectors identified to the Colombo Port City Special Economic Zone, including IT, finance, professional services, shipping, logistics, tourism, healthcare, real estate development, and global capability centres.