GLOBAL EQUITIES
Kelani Valley Plantations announced that its fully owned subsidiary Mabroc Teas proposes investing US$ 70,000 (a 70% equity stake) in Mabroc East Africa
MICROCOSM
The World Bank approved US$ 700 million in budgetary and welfare support for Sri Lanka in June. This is the largest funding tranche since the IMF deal
MICROCOSM
Sri Lanka’s credit facility for US$ 1 billion with India, signed in March last year, was granted an extension until March 2024
GLOBAL EQUITIES
Dialog Axiata, Axiata Group Berhad and Bharti Airtel (collectively known as ‘the parties’) entered into a binding term sheet to combine the operations
MICROCOSM
Sri Lanka’s projected nominal GDP – i.e. the value of final goods and services produced in a country during a specific period – for this year is estimated at Rs. 30.3 trillion
