Sri Lanka’s rupee remained stable, trading at 293.23/29 against the US dollar on Wednesday, unchanged from the previous day’s rate of 293.23/27, according to market dealers. Meanwhile, government bond yields experienced a slight decline. A bond maturing on 15th December 2027 was quoted at 11.35/45%, down from 11.40/55%. Similarly, a bond maturing on 15th March
The International Finance Corporation (IFC), the private sector investment arm of the World Bank, has secured a 14.73% stake in Sunshine Healthcare Lanka Ltd. for Rs. 3.27 billion. Originally announced earlier this year, Sunshine Healthcare confirmed on Friday that the transaction was completed with the issuance of 1.9 million shares on October 3, following the
Sri Lanka has reached an agreement in principle to restructure approximately USD 14.2 billion in sovereign debt with International Sovereign Bond (ISB) holders and has also finalized an agreement with the China Development Bank, according to State Minister of Finance, Shehan Semasinghe. Semasinghe announced on Thursday, September 19, that the ISB deal was secured after
The Sri Lankan Cabinet of Ministers has approved a proposal by the Minister of Finance to sign a convention with Austria aimed at preventing double taxation, tax evasion, and avoidance of public finance. The agreement will apply to taxes on income and capital between the two countries. The convention has been drafted and signed at