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COLOMBO (News 1st); Sri Lanka has entered into a bilateral agreement with Denmark as part of its ongoing external debt restructuring process.

This milestone underscores Colombo’s unwavering commitment to achieving debt sustainability and revitalizing its economy.

The agreement follows extensive bilateral discussions after Sri Lanka concluded a Memorandum of Understanding (MoU) with the Official Creditor Committee (OCC). Under the terms, Denmark will extend a debt relief measure by rescheduling outstanding obligations amounting to USD 39 million.

The pact was formally signed by Dr. Harshana Suriyapperuma, Secretary of the Ministry of Finance, Planning and Economic Development, representing the Government of Sri Lanka, and Lars Løkke…

COLOMBO (News 1st); Sri Lanka has entered into a bilateral agreement with Denmark as part of its ongoing external debt restructuring process.

This milestone underscores Colombo’s unwavering commitment to achieving debt sustainability and revitalizing its economy.

The agreement follows extensive bilateral discussions after Sri Lanka concluded a Memorandum of Understanding (MoU) with the Official Creditor Committee (OCC). Under the terms, Denmark will extend a debt relief measure by rescheduling outstanding obligations amounting to USD 39 million.

The pact was formally signed by Dr. Harshana Suriyapperuma, Secretary of the Ministry of Finance, Planning and Economic Development, representing the Government of Sri Lanka, and Lars Løkke…

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Johannesburg: South Africa will host the G20 summit this weekend, aiming to secure commitments on debt relief for developing countries and to tackle global inequalities as the United States boycotts the event.

US President Donald Trump, who has clashed with South Africa over its G20 agenda, is skipping the summit amid a wider US retreat from multilateralism that has rattled global order.

President Cyril Ramaphosa told reporters ahead of the November 22-23 event that the US absence is “their loss”.

The United States is the most powerful of the 19 countries in the G20, which represents 85 percent of global GDP and about two-thirds of the world’s population, and also includes the European Union and the African Union.

The US boycott…

Failed hospitality tycoon Jon Adgemis funded his luxury lifestyle with credit cards and money flowing through his collapsed pub empire, according to a new bankruptcy report detailing the businessman’s complex financial dealings and mounting debts.

Adgemis, once in control of 22 pubs and hotels across Sydney and Melbourne and now burdened with $1.8bn in debt, was bankrupted two months ago after the Australian Taxation Office seized control of his attempted insolvency and appointed a new trustee.

The report by Pitcher Partners partner Andrew Yeo outlines a web of companies, assets and vehicles tied to Adgemis.

It reveals he expects to earn $490,000 a year from an undisclosed employer and lists undisclosed precious jewellery,…

“Zimbabwe’s history of hyperinflation and failed monetary experiments means it remains highly dollarized. The U.S. dollar is the main medium of exchange, while the share of ZiG in monetary aggregates is small at around 17%. Prices are rarely quoted in ZiG, and salaries and goods and services transactions are typically either fully or partially paid in U.S. dollars.” 

While stabilizing inflation is undoubtedly positive, the landlocked nation will need to remain steadfast regarding other challenges, before unlocking national sovereignty. Zimbabwe’s public debt, which reached $23.2 billion in 2024 (72.9% of GDP), per the World Bank, remains a discouraging barrier to foreign investment.  

In today’s Finshots, we talk about why BYJU’s parent company is finding bidders despite being under insolvency proceedings and mostly defunct.

But here’s a quick sidenote before we begin. Insurance actually matters only in one moment — when your family needs to make a claim. Most people never hear real claim stories until it’s too late.

But choosing the right plan is just as important. Many people buy policies that don’t fit their needs, miss key features, or overlook small details that cause trouble later.

So this weekend, we’re hosting a free 2-day Insurance Masterclass built around real cases we’ve handled and simple rules for shortlisting the right plan.

Saturday, 22 Nov at 10 AM: Life Insurance
How…

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