Financial
The Sri Lankan All Share Price Index in 2021 remains the world’s highest performing primary index
The All Share Price Index (ASPI) has retained its position as the best performing primary stock market index in the world with the index closing trading on 5th February 2021...
Read moreFitch Revises Richard Pieris Finance Ratings to AA- / Stable to from A- / Stable
Fitch Ratings Lanka has revised the ratings of Richard Pieris Finance Limited’s National Long-Term Rating to AA-(lka), from A-(lka). The revision of the National Rating and the Outlook of Richard...
Read moreFitch: What investors want to know: Impact of Sri Lanka National Scale Recalibration on Bank Ratings
Following Fitch Ratings’ downgrade of Sri Lanka’s sovereign rating to ‘CCC’ from ‘B-’ on 27 November 2020, the Sri Lankan National Rating scale was recalibrated to reflect changes in the...
Read moreCSE: ASPI surpassed 8,600 point mark
The All Share Price Index (ASPI) benchmark last evening (25) crossed the 8,600 point mark to close at a new all-time high of 8,694.35 points. This is a rise from...
Read moreCSE’s ASPI sets new all-time high – among the best performing indices globally
The All Share Price Index (ASPI) of the Colombo Stock Exchange reached its all-time high index tally today closing the 10th trading day of 2021 on 7922.66 points. The previous highest...
Read moreICRA Lanka revises the rating of Construction Guarantee Fund to [SL]A (Stable)
ICRA Lanka Limited has revised the Issuer rating assigned to Construction Guarantee Fund (“CGF”/ “the Fund”) to A(pronounced S L A) with stable outlook from A- (pronounced S...
Read moreCentral Bank remains policy rates same – Monetary Board
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 18 January 2021, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing...
Read moreFitch Affirms Sri Lanka Telecom at ‘AA-(lka)’; Outlook Stable
Fitch Ratings has affirmed Sir Lanka Telecom PLC’s (SLT) National Long-Term Rating at ‘AA-(Ika)’. The Outlook is Stable. Fitch has also affirmed the ‘AA-(Ika)’ national rating on the company’s LKR...
Read moreContinuation of Measures Taken to Preserve the Foreign Currency Reserve Position of Sri Lanka
With a view to preserve the foreign currency reserve position of the country and considering the possible negative impact to the Sri Lankan economy due to the Covid-19 pandemic situation,...
Read moreCSE: 2020 – A turnaround year for the Sri Lankan Stock Market
The Sri Lankan stock market ended 2020 on a positive note today, marking a year in which the Colombo Stock Exchange (CSE) has seen indices indicate noteworthy resilience and attract...
Read moreThe Central Bank takes Steps to Stem the Undue Depreciation of the Rupee
The Central Bank is of the view that the recent increase in volatility of the exchange rate is unwarranted and unacceptable. Accordingly, among other measures, the Central Bank will take...
Read moreCSE: Constituent Changes to the S&P Sri Lanka 20 Index
The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2020 year-end index rebalance. The exclusions...
Read moreRating Action by S&P Global Ratings sans due consideration given to the strong macroeconomic policy framework of the New Government of Sri Lanka
The Government of Sri Lanka (GOSL) is disappointed with today’s rating action by S & P Global Ratings (S&P) at a time when the Parliament of Sri Lanka has just...
Read moreS&P downgrades Sri Lanka on debt servicing risks
Rating agency S&P slashed Sri Lanka’s credit rating to “CCC+/C” on Friday, citing concerns that risks to the island nation’s debt servicing capacity have risen as the COVID-19 pandemic squeezes...
Read moreExtension of the validity period to open Special Deposit Accounts and permission to retain funds held in such accounts in Sri Lanka
The Government of Sri Lanka (GOSL) introduced the Special Deposit Accounts (SDAs) on 08 April 2020 to seek assistance for the national effort to overcome the effects of COVID-19 outbreak...
Read moreCSE: Colombo Stock Exchange completes its 35th year
The licensed operator of the Sri Lankan stock market, the Colombo Stock Exchange (CSE) marks a historic milestone today (03) as it completes its 35th year. Given the entrepreneurial spirit of...
Read moreRating Action by Fitch Ratings based on Uncorroborated Facts sans due Consideration Given to Recent Economic and Policy Developments
Ministry of Finance: We observe, with disappointment, today’s rating action by Fitch Ratings expressing concerns about Sri Lanka’s external debt repayment capacity over the medium-term, financing options and debt sustainability...
Read moreFitch Ratings downgrades Sri Lanka to ‘CCC’
Fitch Ratings has downgraded Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC'. Fitch typically does not assign Outlooks or apply modifiers to sovereigns with a rating of 'CCC'...
Read morePMI for both Manufacturing and Services activities contracted in October 2020
Manufacturing activities indicate subdued performance in October 2020 due to adverse impacts of the second wave of COVID-19 pandemic erupted in the country in early October. Accordingly, manufacturing PMI declined...
Read moreICRA Lanka assigns [SL]A rating with Stable outlook to the proposed debenture program of First Capital Holdings PLC
ICRA Lanka Limited has assigned the issue rating of A with Stable outlook to the proposed LKR 2,000 million (an initial issue of LKR 1,000 million with the option to...
Read moreFitch Ratings: Sri Lankan banks’ ratings unaffected by proposed FLC mergers
The mergers of Sri Lankan finance and leasing company (FLC) subsidiaries with their parent banks will not have an immediate impact on the banks’ ratings, says Fitch Ratings. The agency’s...
Read moreCBSL Statement of Issuance of Sri Lanka Development Bonds (SLDBs)
Sri Lanka Development Bonds (SLDBs) are offered by the Government of Sri Lanka and denominated in United States Dollars (USD). The most recent SLDB auction heldfrom 10-13 November 2020 with...
Read moreDebt Moratorium for COVID – 19 Affected Businesses and Individuals
With a view to meeting the challenges faced by businesses and individuals due to the second wave of COVID-19, the Central Bank of Sri Lanka (CBSL) has required licensed banks...
Read moreSri Lanka’s external sector recovered further in September 2020 – CBSL
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...
Read moreInvestors respond positively as the stock market remained accessible amidst curfew
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...
Read moreThe CSE takes action to revamp the listing process
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...
Read moreCentral Bank Extends the Grace Period of 4% Working Capital Loan Scheme from 6 Months to 9 Months
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 moreCSE: Stock market strengthens further; ASPI returns to 6,000-point level
The 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 moreCSE recognized as an Honouree in the National Category at ISAR Honours 2020
The 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...
Read moreICRA Lanka upgrades the ratings of First Capital Treasuries PLC
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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