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

LONDON, Jan. 10 (Korea Bizwire) — 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 [...]

Yoon Meets Leaders of Sri Lanka, San Marino, 7 Other Nations

NEW YORK/SEOUL, Sept. 19 (Korea Bizwire) — President Yoon Suk Yeol held summits with the leaders of Sri Lanka, San Marino and seven other nations in New York on Monday (local time), kicking off a series of bilateral meetings arranged on the sidelines of the U.N. General Assembly to seek support for South Korea’s bid [...]

S. Korean Support ‘Crucial’ to Sri Lanka’s Recovery from Food Crisis: WFP Official

SEOUL, May 21 (Korea Bizwire) — With Sri Lanka mired in a severe food crisis, support from South Korea is “crucial,” the South Asian country’s representative for the U.N. World Food Program (WFP) has said. In an interview at WFP’s Seoul office Thursday, Abdur Rahim Siddiqui thanked South Korea and noted WFP’s “meaningful partnership” with [...]

Sri Lanka Adds Korean Language as College Entrance Exam Subject

SEOUL, May 11 (Korea Bizwire) — Sri Lanka has decided to adopt the Korean language as a subject for the country’s college entrance exams, a South Korean embassy there said Tuesday. According to the embassy, the Sri Lankan government recently added Korean to the list of foreign languages taught in the Advanced Level curriculum, as [...]

Sri Lanka’s “MinorMatters” Project Receives UNAOC-BMW Group Intercultural Innovation Award

MADRID, Spain, Dec. 10 (Korea Bizwire) — The “MinorMatters: Rewind; Rebuild” project of the organization Alliance Development Trust in Sri Lanka was selected as one of ten global grassroots initiatives to receive the prestigious Intercultural Innovation Award from the United Nations Alliance of Civilizations (UNAOC) and the BMW Group, during an Awards Ceremony held last [...]

Euronet Worldwide’s Digital Integrated Payments Cloud Powers Sri Lanka’s First QR Code-based Payment App

LEAWOOD, Kan., Aug. 19 (Korea Bizwire) — Euronet Worldwide (NASDAQ: EEFT) and its Digital Integrated Payments Cloud (DIPC) technology has empowered the Commercial Bank of Ceylon to launch the first Quick Response (QR)-based payment app under LANKAQR, the national QR standard for local currency payments introduced by the Central Bank of Sri Lanka. The app, [...]

Sri Lankans in S. Korea Gather in Memory of Easter Sunday Attack Victims

SEOUL, Apr. 29 (Korea Bizwire) — Sri Lankans in South Korea gathered to remember the victims of the terrorist attack on Easter Sunday in Sri Lanka. ‘Talk To Me,’ a support agency for immigrant women, and the Sri Lanka Foundation held a memorial ceremony for the victims at Seoul Square, which was attended by more [...]

Sri Lanka’s President Due in Seoul for State Visit

SEOUL, Nov. 28 (Korea Bizwire) — Sri Lanka’s President Maithripala Sirisena is due to arrive in Seoul on Tuesday for a summit with President Moon Jae-in, which South Korea hopes will move forward its drive to expand all-round cooperation with South Asian nations. Sirisena is the third foreign head of state to make a state [...]

Seoul a City to Aspire to for Mayors in Developing Countries

SEOUL, Nov. 8 (Korea Bizwire) – South Korea’s biggest city is increasingly taking on greater prestige. From November 5 through 8, the urban development organization CITYNET held a general meeting in Colombo, Sri Lanka, that was attended by city mayors from across Asia. Though hailing from different regions, many of them expressed a common desire [...]