Cancellation of the licence of 'The Finance Company PLC'
Financial News: The Finance Company PLC (TFC), is a Finance Company, carried its finance business activities under the Finance Business Act No. 42 of 2011 (FBA) and was severely impacted ...
Tag: Financial News from Sri Lanka
CSE and GRI host final workshop of the series ‘Preparing a Sustainability Report’ as an online event
Financial News: Global Reporting Initiative (GRI) in collaboration with Colombo Stock Exchange (CSE) conducted the third and final workshop of the Technical Series titled “Practical Tips for preparing your next ...
S&P SL20 Index Marks its Second Historic Gain in a Week
Financial News: The S&P SL20 Index of the Colombo Stock Exchange (CSE) gained 6.28% during trading today, bettering the record for the highest ever daily percentage gain of the index ...
Sri Lanka Reiterates its Commitment to Meeting all its Financial Obligations
Financial News: The Government of Sri Lanka finds inferences in recent media reports questioning its ability to honour its debt service obligations. The Government notes with dismay such inferences made ...
Fitch Ratings Rates DFCC’s Senior Debt at ‘AA-(EXP)(lka)’
Financial News: Fitch Ratings has assigned DFCC Bank PLC’s (AA-(lka)/Negative) proposed Sri Lanka rupee-denominated senior unsecured, unlisted debentures an expected National Long-Term Rating of ‘AA-(EXP)(lka)’. The notes, which will total ...
SEC, CSE to appoint joint committee to broadbase capital market through education & awareness
Financial News: The Securities and Exchange Commission of Sri Lanka (SEC) considers it important to identify measures that are required to broadbase the capital market as well as to educate ...
Fitch Ratings revises outlook on People’s Leasing
Financial News: Fitch Ratings has revised the Outlook on Sri Lanka-based People’s Leasing & Finance PLC’s (PLC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to Negative, from Stable, and ...
CSE closes for trading with a market up for second consecutive day
Financial News: By going up for a second consecutive day, the Colombo Stock Exchange (CSE) closed trading for the day. At today's closing of trade, the All Share Price Index ...
CBSL Implements Extraordinary Regulatory Measures to Provide Liquidity to Banks amidst COVID-19 Outbreak
Financial News: The Monetary Board of the Central Bank of Sri Lanka (CBSL), in the wake of the possible adverse impact on liquidity and other key performance indicators of licensed ...
Fitch Ratings affirms Richard Pieris at ‘A(lka)’/Stable
Financial News: Fitch Ratings has affirmed Richard Pieris & Company PLC's (RICH) National Long-Term Rating at 'A(lka)'. The Outlook is Stable. At the same time, Fitch has withdrawn RICH's rating ...
CSE closed for trading as S&P SL20 falls
Financial News: After a seven-week closure, the Colombo Stock Exchange (CSE) which was reopened on Monday (May 11) closed for trading right after the opening bell as the S&P SL20 ...
CSE will resume its operation on the 11th of May
Financial News: In view of the decision made by the Government that both public and private sector entities in the districts of Colombo, Gampaha, Kalutara and Puttalam should re-commence work ...
IMF approved $18 bln in 50 requests for emergency pandemic aid
Financial News: The International Monetary Fund (IMF) has approved a total of $18 billion so far to help dozens of countries bear the impact of the coronavirus pandemic, a spokesperson ...
Fitch Ratings Revises Outlook on DSI Samson Group to Stable; Affirms 'BBB(lka)'
Financial News: Fitch Ratings has revised the Outlook on Sri Lanka-based footwear and tyre manufacturer and retailer DSI Samson Group (Private) Limited (DSG) to Stable from Positive and has simultaneously ...
CBSL reduces policy rates by 50 point basis to support economy
The Central Bank of Sri Lanka Further Reduces Policy Rates to Support Economic Activity Financial News: The Monetary Board of the Central Bank of Sri Lanka, at a special meeting ...
Coronavirus pandemic pressures Sri Lankan banks’ ratings: Fitch
Financial News: Fitch Ratings has downgraded in May 2020 three Sri Lankan banks’ issuer default ratings after it downgraded Sri Lanka’s sovereign rating to ‘B-‘ with a negative outlook and ...
Fitch Ratings downgrades Sri Lanka Insurance’s IFS to ‘B’; outlook negative
Fitch Ratings has downgraded Sri Lanka-based Sri Lanka Insurance Corporation Limited's (SLIC) Insurer Financial Strength (IFS) Rating to 'B' from 'B+'. The Outlook is Negative. SLIC's National IFS Rating was ...
Rupee appreciates to Rs 195.82 again
Financial News: The Sri Lankan rupee has appreciated to 195.82 against the US Dollar when compared with the previous selling rate of Rs. 200.46. The buying rate of a rupee ...
Central Bank extends deadline for submitting requests for debt moratoriums
Financial News: Sri Lanka’s Central Bank has extended the deadline (30.04.2020) for submitting requests for debt moratoriums and 4 percent per annum refinancing facility for two months working capital, until ...
Fitch affirms Hemas Holdings at ‘AA-‘; Outlook Stable
Financial News: Fitch Ratings has affirmed Sri Lanka-based consumer and healthcare company Hemas Holdings PLC's National Long-Term Rating at ‘AA-(lka)’ with a Stable Outlook. The affirmation reflects the limited vulnerability ...
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