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Sri Lanka’s external sector recovered further in September 2020, supported by the continued improvement in the trade deficit, a notable increase in workers’ remittances and the resultant stability in the...
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Rajeeva Bandaranaike Stock Market Operations continued seamlessly with no interruptions between 26th October and 6th November 2020 amidst an environment where some offices of the Colombo Stock Exchange (CSE) and...
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Streamlining approval process and submission requirementsIntroducing ‘Single Window’ approach to assist companies looking to list on the CSEPlans online tracking tool for companies to gain more transparency of listing process...
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Having identified the national importance of revamping the businesses affected by COVID-19 pandemic, the Central Bank of Sri Lanka (CBSL), in consultation with the Government of Sri Lanka, implemented Saubagya...
Read moreThe Colombo stock market (CSE) broke through the psychological barrier of 6,000 points of the ASPI yesterday, thanks to strong performance aided by a new high turnover. The All Share...
Read moreThe Colombo Stock Exchange (CSE) was recognized as an honouree in the national category at the recentlyheld International Standards of Accounting and Reporting awards (ISAR) 2020. The award was presented...
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ICRA Lanka Limited, has upgraded the issuer rating of First Capital Treasuries PLC (FCT or “the Company”) to A from A-. ICRA Lanka has also upgraded the issue rating of...
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Department of Inland Revenue (IRD) says despite the current pandemic situation in the country, there will be no penalties for failure to file a return of income before 30 November....
Read moreThe Colombo Stock Exchange (CSE) announced that, on and after Monday (02 November 2020), all market operations would continue as usual. The quarantine curfew put on the Western Province, scheduled...
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The Monetary Board of the Central Bank of Sri Lanka, having considered the request made by the Axis Bank Limited, India consequent to a policy decision taken in 2019 on...
Read moreThe Cabinet of Ministers has given their consent to the proposal submitted by Prime Minister as the Minister of Finance for directing the Legal Draftsman for the preparation of a...
Read moreThe Colombo Stock Exchange (CSE) and market intermediaries operated normally but completely based on remote functionality last morning (26) with its offices and those of several market intermediary firms being...
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The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 21 October 2020, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing...
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Fitch Ratings has affirmed the National Long-Term Ratings of Sri Lanka-based conglomerate, Melstacorp PLC, and its subsidiary, Distilleries Company of Sri Lanka PLC (DIST), at 'AAA(lka)'. The Outlook is Stable....
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With an ambitious drive to be one of the successful finance companies in the country, the soon-to merger between Arpico Finance Company PLC (AFC) and Associated Motor Finance Company PLC...
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First Capital Asset Management Ltd., the managers of the First Capital Wealth Fund, has announced a dividend of Rs. 100 per unit for the year 2019/20. The fund has delivered...
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The Central Bank of Sri Lanka (CBSL) recently published the list of registered finance leasing establishments (RFLEs) under the Financial Leasing Act (FLA) No. 56 of 2000. The CBSL, issuing...
Read moreFollowing the successful completion of its second intake in 2019 the Advance Diploma in Financial Markets (ADFM) offered by the Colombo Stock Exchange (CSE) is set to commence its third...
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Financial News: Sri Lanka’s trade deficit narrowed in August 2020, as imports declined at a faster pace than the decline in exports. the Central Bank reported Friday in its External...
Read moreFinancial News: The benchmark all share price index (ASPI) of the Colombo Stock Exchange (CSE) recorded significant gains outperforming all other main indexes around the globe during the month of...
Read moreFinancial News: On 02 October 2020, the Central Bank of Sri Lanka successfully completed the settlement of the maturing International Sovereign Bond of US dollars 1 billion along with the...
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Financial News: The activities of the Colombo Stock Exchange remained buoyant with the All Share Price Index (ASPI) surpassing the 6,000 mark yesterday for the first time since January 7,2020....
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President Gotabaya Rajapaksa has appointed investment banker turned tech entrepreneur Jayamin Pelpola to the board of the BOI (Board of Investment), with immediate effect. Jayamin has over 10 years of...
Read moreFinancial News: The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) announces the launch of Real Estate Investment Trusts (REITs) which now gives average...
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Financial News: A special market opening ceremony was organized today (17) by the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) under the patronage...
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Purchasing Managers' Indices for both Manufacturing and Services activities expanded in August 2020. Recovery of manufacturing activities continued in August 2020 as reflected by PMI, benefiting from the normalization of...
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Financial News: Global rating agency, Fitch Ratings says price competition among non-life insurers in Sri Lanka is likely to intensify as a ban on auto imports and an economic downturn...
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Financial News: The Central Bank of Sri Lanka (CBSL) together with financial institutions with LANKAQR enabled payment apps launched “රට පුරාම LANKAQR”, Island wide awareness campaign on 12 September 2020...
Read moreFinancial News: The coronavirus pandemic and subsequent impact on the oil market are having a considerable effect on migrant workers and are likely to supress remittance flows in the APAC region,...
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By Niroshan Udage Niroshan Udage, Council Member of The Finance Houses Association of Sri Lanka(The writer is an Executive Director of LB Finance PLC with 30 years of experience in...
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