StanChart says debt restructuring could involve rupee debt

Standard Chartered Global Research (StanChart) said Sri Lanka’s debt restructuring exercise would likely involve both international and domestic debt, but the treatment in relation to the latter may not entail any haircuts given its debilitating effects on the domestic banking industry.

https://www.dailymirror.lk/business/StanChart-says-debt-restructuring-could-involve-rupee-debt/215-252233

Daily Mirror

2023-01-18

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SriLankan loses Rs. 12.9 b in Q1

SriLankan Airlines recorded a Rs. 12.9 billion net loss in Q1 FY25, driven by cash flow challenges, legacy issues, and financial costs from past debt. ...

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SL pays $ 503 m for 1H debt servicing

By June 2024, Sri Lanka's external debt had reached $37.5 billion, with $8.19 billion in unpaid debt service accumulating since the April 2022 debt standstill on bilateral and commercial loans.

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Workers’ remittances decline in September

In September 2024, Sri Lanka’s remittances reached $556 million, tourism earnings were $181 million, and gross official reserves rose to $6 billion, covering 3.9 months of imports.

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