Jane Street is set to double its London office space after outgrowing its existing premises near Liverpool Street during a period of rapid growth for the specialist trading firm. The company has
The full text of the interim budget speech tabled today in the parliament by President Ranil Wickremesinghe is as follows; The Interim Budget is being presented today to the Parliament, in order
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Japan is Ready to Coordinate with Creditors Japan will coordinate with other creditors to resolve Sri Lanka’s deepening financial crisis, Finance Minister Shunichi Suzuki said on Tuesday, urging all creditor nations to
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The ports-to-power conglomerate Gautam Adani’s business is “deeply overleveraged,” as the organisation is heavily investing across existing as well as new businesses, profusely funded with debt, CreditSights, a Fitch Group unit, said
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The Government has launched a devastating assault on working people across the rural and urban divide. The increase of the kerosene price from Rs. 87 to Rs. 340 a litre—or roughly quadrupling
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Sri Lanka will ask Japan to invite the Indian Ocean island’s main creditor nations, including China and India, to talks on bilateral debt restructuring, as it seeks a way out of its
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Yuan Wang 5, one of China’s latest generation survey vessels called at Port of Hambantota in Sri Lanka on Tuesday (16). It will remain there for seven days for replenishment purposes. Here
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In the 74 years since our independence, Sri Lanka has achieved much in terms of human development, despite lingering human rights issues and gaps in democratic governance. Yet we have been economically
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Is the recent rapid depreciation of the Sri Lanka Rupee (LKR) against the US$ unexpected or a result of foreign exchange policies adopted by the Central Bank of Sri Lanka (CBSL) since
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Despite the operational challenges stemming from forex crisis, inflation and higher global oil prices, Lanka IOC PLC reported robust performance for the quarter ended June 30, 2022 (1Q23) with significant growth in
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The Ceylon Chamber of Commerce welcomes the call by President Ranil Wickremesinghe to initiate the formation of an All-Party Government, as a concerted and united effort is necessary to address the current
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A tragedy is unfolding in Sri Lanka. Citizens must queue for food and pharmaceuticals, vehicle owners cannot fill their tanks, and there have been rolling power outages. The economy is paralyzed, and
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Joint Chambers welcome the announcements made by the President that he will resign on the 13th of July respecting the wishes of the citizens and the Prime Minister’s willingness to resign once
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