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Sri Lanka moves closer to finalising debt restructuring with Japan
Sri Lanka’s Cabinet approved a debt restructuring agreement with JICA, following bipartisan negotiations and legal clearance, aiming to boost investor confidence and secure further international financial support....
2025-02-06
Daily FT
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Expressway revenue declines due to fuel scarcity
The daily revenue for the expressway has declined by an amount of Rs. 15 - 16 million due to the current fuel shortage.
2022-06-27
Daily Mirror
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Fitch downgrades BOC's Foreign Currency IDRs to FD
Fitch Ratings has downgraded Bank of Ceylon’s (BOC) Long- and Short-Term Foreign Currency (FC) Issuer Default Ratings (IDRs) to ‘RD’ (Restricted Default) from ‘CC’ and ‘C’, respectively....
2022-06-25
Daily FT
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Sri Lanka sued by bondholder in US after historic default
Sri Lanka was sued in the US by a bondholder after the South Asian nation defaulted on its debt for the first time in history while struggling to stop an economic meltdown. Hamilton Reserve Bank Ltd., which holds more than $250 million of Sr...
2022-06-23
Ceylon Today
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More than 30 of Sri Lanka’s bondholders launch formal group for debt talks
More than 30 asset managers holding Sri Lanka’s international bonds announced on Tuesday the formal launch of a creditor group to start debt restructuring talks with the island nation, according to a statement from legal adviser White...
2022-06-23
Daily Mirror
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