Fitch Ratings: Pace of Coronavirus-Related Downgrades Easing for APAC Corps
Fitch Ratings has downgraded the ratings of 28 corporates in Asia Pacific (APAC), and made negative revisions to the rating outlook or watch for a further 32 corporates, driven by…
CB to increase refinance facility to 150 mn to assist COVID-19 affected SMEs
The cabinet of ministers approved a proposal presented by President Gotabaya Rajapaksa to increase the refinancing facility of the Central Bank as part of assisting the economic recovery of small…
IFC provides $50 million support to Sri Lanka’s Commercial Bank to boost SMEs
IFC, a member of the World Bank Group, is providing a $50 million loan to Commercial Bank of Ceylon (ComBank), Sri Lanka’s largest private bank, to help small and medium…
Technical Assistance grant of Euro 11 mn from the Government of Germany
An agreement was signed by the Government of Sri Lanka with the Government of Germany today to obtain a technical assistance grant of Euro 11 million to implement the following…
‘HATCHX’ SRI LANKA’S FIRST VIRTUAL FINTECH ACCELERATOR
Despite the volatile condition in the country and the world due to the pandemic, Sri Lanka’s first fintech accelerator program launched virtually on April 23rd 2020. This is also the…