Sri Lankan

Absolute Racing Enters Porsche in Sepang 12 Hours with GEEKVP

Retrieved on: 
Monday, March 4, 2024
Sri Lankan, Formula Renault, GP3 Series, Intelligence, TSS, European, Audi, FIA Formula 2 Championship, Absolute, F3, Eshan, Audi R8, FIA, Geek, EuroCup, GT4, Singapore Grand Prix, Porsche Carrera Cup, Shri, Partnership

The trio of Absolute Racing drivers,  while new to this particular race, bring with them a wealth of racing experience.

Key Points: 
  • The trio of Absolute Racing drivers,  while new to this particular race, bring with them a wealth of racing experience.
  • The son of Sri Lankan racing legend David Pieris, Eshan Pieris will be making his debut in the 12 Hours of Sepang.
  • Commenting on the third Absolute Racing-run entry in the race, Ingo Matter, Team Principal of Absolute Racing, stated, "I am really delighted that we are joining the 12 Hours of Sepang for the first time with the Porsche 911 GT3 R and in partnership with Geek.
  • It is going to be an epic weekend, and I am really looking forward to it.”
    Dorian Boccolacci added, "I am very happy to join Absolute Racing for the 12 Hours of Sepang.

Eco Bright Future Meets with Sri Lankan Government Officials to Discuss the Implementation of Blockchain Technology and Tokenization of Real-world Assets

Retrieved on: 
Tuesday, February 20, 2024
Universa, Sri Lankan, SAN, OTC, Special economic zone, Ceylon tea, Government, Business, Blockchain, Government of Sri Lanka, Cryptocurrency

The meeting discussed the tokenization process of real-world assets backed by physical assets in Sri Lanka.

Key Points: 
  • The meeting discussed the tokenization process of real-world assets backed by physical assets in Sri Lanka.
  • Sri Lankan government representatives emphasized the necessity of immediate future tokenization of assets and expressed the importance of paying attention to legal monitoring of the system by appropriate regulators.
  • The officials welcomed the Company in launching digital financial products for the Sri Lankan market.
  • United Heritage, Sociedad Anonima De Capital Variable, and Eco Bright Future are introducing the evolution of modern blockchain technology that governments and large corporations choose worldwide.

Sri Lanka Construction Industry Report 2023: Market in Poised for Recovery with Infrastructure and Tourism Investments Leading Growth to 2027 - ResearchAndMarkets.com

Retrieved on: 
Friday, January 26, 2024
Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Eye, Government, Health, Risk assessment, Housing, Sector, Commercial, Strategic planning, Investment, Sri Lankan, Education, Growth

The "Sri Lanka Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market France, 2023-2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Sri Lanka Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market France, 2023-2027" report has been added to ResearchAndMarkets.com's offering.
  • An insightful market analysis on the Sri Lankan construction industry has recently been embedded into the market knowledge base, detailing a projected resurgence from 2024 to 2027.
  • In an in-depth evaluation, the report highlights the contraction of Sri Lanka's construction market in recent years, citing significant economic challenges.
  • However, it accentuates an anticipated average annual growth rate of 6% from 2024 to 2027, fueled by various economic recovery drivers.

EMGA Secures a Commitment for USD 30.0 Million Senior Debt Finance for Citizens Development Business Finance PLC in Sri Lanka

Retrieved on: 
Wednesday, January 10, 2024
Financial institution, Woman, NBFI, Agriculture, Citizens Development Business Finance, Environment, Investment, SME, USD, Sri Lankan, Health, DFC, Small business, Private sector, CDB, Investment banking, Cryptocurrency

LONDON, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Emerging Markets Global Advisory LLP (EMGA), an investment bank specializing in emerging markets, has successfully secured a commitment for USD 30.0 million in senior debt finance for Citizens Development Business Finance PLC (CDB) based in Sri Lanka.

Key Points: 
  • LONDON, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Emerging Markets Global Advisory LLP (EMGA), an investment bank specializing in emerging markets, has successfully secured a commitment for USD 30.0 million in senior debt finance for Citizens Development Business Finance PLC (CDB) based in Sri Lanka.
  • EMGA originated, structured, and negotiated this financing arrangement, with the financial support provided by the U.S. International Development Finance Corporation (DFC).
  • We believe this marks a significant milestone, in being the first external funding commitment secured for a Sri Lankan NBFI in several years.
  • Jeremy Dobson, EMGA's Chief Operating Officer commentated, "CDB's strong financial standing enabled EMGA to navigate the prevailing macroeconomic headwinds in Sri Lanka to secure the commitment for this funding.

MSCI Equity Indexes November 2023 Index Review

Retrieved on: 
Tuesday, November 14, 2023
Finance, Data Analytics, Banking, Professional Services, Asset Management, Empyrean, Willis Towers Watson, Investment company, Commercial bank, TSMC, CGN, Index, Atlas, IMI, Commerce, GCC, State Street Corporation, NYSE, CNH Industrial, Atlas Copco, Tyson Foods, Cryptocurrency, Holding company, Western Union, MSCI, Sri Lankan, GIF

MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, announced the results of the November 2023 Index Review for the MSCI Equity Indexes - including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Frontier Markets, and MSCI Frontier Markets Small Cap Indexes, the MSCI Global Islamic and MSCI Global Islamic Small Cap Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Onshore indexes and the MSCI China All Shares Indexes.

Key Points: 
  • MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, announced the results of the November 2023 Index Review for the MSCI Equity Indexes - including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Frontier Markets, and MSCI Frontier Markets Small Cap Indexes, the MSCI Global Islamic and MSCI Global Islamic Small Cap Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Onshore indexes and the MSCI China All Shares Indexes.
  • MSCI Global Small Cap Indexes: There will be 216 additions to and 283 deletions from the MSCI ACWI Small Cap Index.
  • MSCI Global All Cap Indexes: There will be 103 additions to and 142 deletions from the MSCI World All Cap Index.
  • In light of currently observed market accessibility issues, MSCI will not implement changes as part of this Index Review for any securities classified in Bangladesh, Egypt, Kenya, or Nigeria for the MSCI Bangladesh, MSCI Egypt, MSCI Kenya, and MSCI Nigeria Indexes or impacted composite indexes.

Ad Hoc Group of Bondholders statement on progress in Sri Lanka's debt restructuring

Retrieved on: 
Friday, December 1, 2023
White, White & Case, IMF, Sri Lankan, Private sector, AIP, Republic, Rothschild & Co, OCC, Security (finance), Exim Bank of China

NEW YORK, Dec. 1, 2023 /PRNewswire/ -- The Ad Hoc Group of Bondholders (the "Group") of the Republic of Sri Lanka ("Sri Lanka") notes the statements released by the Official Creditor Committee ("OCC") and the Sri Lankan Ministry of Finance on November 29, 2023 on the agreement-in-principle ("AiP") reached between Sri Lanka and the OCC.

Key Points: 
  • NEW YORK, Dec. 1, 2023 /PRNewswire/ -- The Ad Hoc Group of Bondholders (the "Group") of the Republic of Sri Lanka ("Sri Lanka") notes the statements released by the Official Creditor Committee ("OCC") and the Sri Lankan Ministry of Finance on November 29, 2023 on the agreement-in-principle ("AiP") reached between Sri Lanka and the OCC.
  • The Group welcomes progress on the restructuring of official claims, as uncertainty around the treatment of these claims has hindered Sri Lanka's recovery.
  • Unfortunately, no substantive engagement has taken place between Sri Lanka and its private creditors to date.
  • The Group remains committed to reaching an agreement with the Sri Lankan authorities as quickly as possible to find a sustainable solution to Sri Lanka's debt challenges as they relate to the international bond debt.

I'm here, in step with China

Retrieved on: 
Friday, November 10, 2023
BRI, Sri Lankan, Multimedia, Life, Exhibition, Shipbuilding

He is Chiranjaya Udumullage, a Sri Lankan businessman who has lived in China for 17 years.

Key Points: 
  • He is Chiranjaya Udumullage, a Sri Lankan businessman who has lived in China for 17 years.
  • Apart from on-site trade, Chiranjaya also jumps on live-streaming bandwagon, selling Sri Lankan products, including the world-renowned Ceylon tea, to China.
  • For him, this approach enables him to connect with more consumers and provides a good way to enter the market.
  • As a man hailing from one of BRI countries, Chiranjaya names his company China Sri Road Connection, a name sounds similar to the initiative and embodies its vision to foster international collaboration.

EpicQuest Education Opens Recruiting Office in Sri Lanka to Focus on the Southeast Asia and the Middle East Regions

Retrieved on: 
Tuesday, October 24, 2023
Apex, Sri Lankan, MOU, Transport, Student, School, Memorandum of understanding, Davis College, Parent, Tutoring

MIDDLETOWN, Ohio, Oct. 24, 2023 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the "Company"), a provider of comprehensive education solutions for domestic and international students seeking college and university degrees in the US, Canada and the UK, today announced that on September 4, 2023, the Company opened a recruiting office in Sri Lanka to serve as its main hub to attract students from Southeast Asia and the Middle East for its owned and operated colleges, Davis College and EduGlobal College. EEIQ's goal is to expand its geographical market for international student recruiting for both schools. Further, on June 14, 2023, EduGlobal College signed a non-exclusive Memorandum of Understanding ("MOU") with Apex Ed ("Apex"), a career college based in London, to recruit international students from Sri Lanka.

Key Points: 
  • Jeff Romero, Director EduGlobal College, commented, "Our new Sri Lanka recruiting office widens the scope of our geographical recruiting and continues to build upon our international student recruiting success.
  • Among the countries where the Sri Lanka office will actively recruit for both Davis College and EduGlobal College are Sri Lanka, India, UAE, Malta, Nepal, Pakistan, Malta, Indonesia, Malaysia and Thailand.
  • The Sri Lanka office engages in direct recruiting, initiates institutional collaborations, and works with select recruitment agents.
  • For more information about EpicQuest Education's recruiting office in Sri Lanka, please visit http://epicquesteducationasia.com/

Discover an eco-friendly China through the lenses of expats

Retrieved on: 
Friday, September 1, 2023
People's Daily, Helis, Wuyi Mountains, Sri Lankan, Life, Industrialisation, Water quality, University, Kunming Institute of Botany, Guangdong–Hong Kong–Macao Greater Bay Area, Electricity, Central South University, Chinese Academy of Sciences, Huaqiao University, Forest, Sunlight, Running, Local government, Beauty, University of Cantabria School of Civil Engineering, State Grid Corporation of China, Work, School, Chinese language, Science, Culture, Bird, Rare-earth element, Tea, African, Architecture

Many foreign friends living, working, studying in or visiting China have captured beautiful sceneries around them through their cameras.

Key Points: 
  • Many foreign friends living, working, studying in or visiting China have captured beautiful sceneries around them through their cameras.
  • He told People's Daily that he was delighted by the human-nature harmony when seeing the image taken by his drone.
  • I hope more people can come to China to see what's happening in the country," he said.
  • The photo was taken by Alexander William, an Indonesian student from the Chinese Language and Culture College of Huaqiao University.

Discover an eco-friendly China through the lenses of expats

Retrieved on: 
Friday, September 1, 2023
People's Daily, Helis, Wuyi Mountains, Sri Lankan, Life, Industrialisation, Water quality, University, Kunming Institute of Botany, Guangdong–Hong Kong–Macao Greater Bay Area, Electricity, Central South University, Chinese Academy of Sciences, Multimedia, Huaqiao University, Forest, Sunlight, Running, Local government, Beauty, University of Cantabria School of Civil Engineering, State Grid Corporation of China, Work, School, Chinese language, Science, Culture, Bird, Rare-earth element, Tea, African, Architecture

Many foreign friends living, working, studying in or visiting China have captured beautiful sceneries around them through their cameras.

Key Points: 
  • Many foreign friends living, working, studying in or visiting China have captured beautiful sceneries around them through their cameras.
  • He told People's Daily that he was delighted by the human-nature harmony when seeing the image taken by his drone.
  • I hope more people can come to China to see what's happening in the country," he said.
  • The photo was taken by Alexander William, an Indonesian student from the Chinese Language and Culture College of Huaqiao University.