Bogawantalawa Tea Estates PLC (BTE) of Sri Lanka has reportedly announced the issue of five to seven year, senior, listed, BBB+ rated, unsecured, redeemable, Rs.100 debentures, issued at Rs.85 each, totaling to Rs.850 million.
Commercial real estate developer in Sri Lanka, RIL Property, is reportedly looking at buying property and striking a strategic alliances giving access to suitable sites in the country’s commercial capital, Colombo
Chairman of the Sri Lanka Tourism Promotions Bureau, Kishu Gomes has reportedly said that the country’s tourism industry was recovering faster than expected as the arrivals from 1,200 per day in April has increased to 2, 200 in May and to 3,200 per day in June.
The Central Bank of Sri Lanka has reportedly announced that the country’s gross official reserves have reached US$ 8.9 billion by end June 2019, following the receipt of the proceeds of the International Sovereign Bonds (ISBs), providing an import cover of 5.1 months.
Plantation Industries Minister of Sri Lanka, Navin Dissanayake has reportedly assured tea factory owners of financial relief to help address the difficulties faced by the industry.