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Financial 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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Financial News | Colombo: The Federation of Information Technology Industry Sri Lanka (FITIS), the Colombo Stock Exchange (CSE) and the Information and Communication Technology Agency (ICTA) recently conducted a webinar...
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Financial News | Colombo: ICRA Lanka Limited has reaffirmed the issuer rating of Commercial Credit and Finance PLC (CCFL or the Company) at BBB with Negative outlook. ICRA Lanka has...
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Simcorp Financial News | Colombo: The Cabinet of Ministers gave the green light to award the contract for the procurement of a Data Management System for Reserve Management of the...
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Financial News: The Monetary Board decided to extend the deadline of 4% Working Capital Loan Scheme, at its meeting held on 19th August 2020. Accordingly, COVID-19 affected businesses and individuals...
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Offers Enhanced Protection for Policyholders and Their Loved Ones Continuing to take the benefits of insurance to more people around the island, Allianz Insurance Lanka Limited (Allianz Lanka) introduced an...
Read moreFinancial News: Fitch Ratings-Colombo-14 August 2020: Sunshine Holdings PLC's (A(lka)/Stable) 100% acquisition of Sri Lanka-based confectionery maker Daintee Limited will increase the cash flow of the group's fast-moving consumer goods...
Read moreThe Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 19 August 2020, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing...
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Financial News: The Board of Directors of the Colombo Stock Exchange (CSE) congratulates the new Government led by His Excellency President Gotabaya Rajapakse and Prime Minister Mahinda Rajapakse on receiving...
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Financial News Sri Lanka: In Sri Lanka, owing to spiraling property prices it is a challenge for average citizens to finance real estate investments. Therefore, a significant proportion of the...
Read moreFinancial News Sri Lanka: The Colombo Stock Exchange (CSE) offered guidance to listed companies on hosting Annual General Meetings (AGMs) amidst the COVID-19 pandemic. The CSE has observed that several...
Read moreFinancial News Sri Lanka: Several media reports have been brought to the notice of the Central Bank of Sri Lanka (CBSL) in which certain macroeconomic projections are erroneously attributed to...
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Financial News Sri Lanka: The Central Bank of Sri Lanka says talks are underway to secure an additional USD 1 billion under a Special Bilateral Swap Agreement with the Indian...
Read moreFinancial News Sri Lanka: The Central Bank of Sri Lanka (CBSL) approved 3,985 new loan applications, amounting to Rs. 11,829 million, submitted by licensed banks under the Saubagya COVID-19 renaissance...
Read moreFinancial News Sri Lanka: ICRA Lanka Limited has assigned the Issuer rating of A+ (pronounced SL A Plus) with Stable outlook for Metrocorp (Private) Limited (“Metrocorp”/“the Company”). ICRA Lanka has...
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Financial News Sri Lanka: London Stock Exchange Group (LSEG) has announced today that Arjuna Nanayakkara has been appointed as the Head of Shared Services Centre – Sri Lanka. He will...
Read moreFinancial News Sri Lanka: Fitch Ratings-Colombo-20 July 2020: Rated Sri Lankan corporates are set to lose around LKR30 billion in revenue in the financial year ending March 2021 (FY21) due...
Read moreThe Central Bank of Sri Lanka’s COVID-19 Relief Measures: How are we helping the Country, Economy and YOU? This press statement aims to create public awareness about the operational and...
Read moreFinancial News Sri Lanka: With a view to preserving the foreign currency reserve position of the country and considering the possible negative impact on the Sri Lankan economy due to...
Read moreFinancial News Sri Lanka: The Colombo Stock Exchange (CSE) has expanded the eligibility criteria for initial listing of shares on the Main Board and the Diri Savi Board which will...
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Financial News Sri Lanka: Three new members have assumed duties as serving members of the Monetary Board of the Central Bank of Sri Lanka (CBSL), pursuant to being appointed to...
Read moreFinancial News Sri Lanka: The Government of Sri Lanka introduced the Special Deposit Account (SDA) on 08.04.2020 to seek assistance for the national effort to overcome the effects of COVID-19...
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Financial News Sri Lanka: The Colombo Stock Exchange (CSE) has offered guidance to Stakeholders on areas that require further clarity in relation to the Empower Board Listing Rules. The guidance...
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Financial News Sri Lanka: In view of the recent developments in the finance leasing business, the Governor of the Central Bank of Sri Lanka appointed a three member committee to...
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Financial News Sri Lanka: AIA Insurance announced that Director and Chief Officer – Legal, Governance and Operations Chathuri Munaweera has been recognised as one of the 16 trailblazers who are...
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Financial News Sri Lanka: The Central Bank of Sri Lanka (CBSL) entered into agreements to begin the process of developing Blockchain Technology Based Shared Know-Your-Customer (KYC) proofs of concept (POCs)...
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Financial News Sri Lanka: The Ministry of Finance of Sri Lanka says there has been no change in the interest rate paid on the deposits of senior citizens, and the...
Read moreFinancial News Sri Lanka: Today, Allianz unveiled its latest Global Insurance Report, taking the pulse of insurance markets around the world by looking back at last year’s performance and looking...
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Financial News Sri Lanka: The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the...
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