Rupee depreciates again
The Sri Lankan rupee has further depreciated to Rs 195.21 against the US dollar. Meanwhile, the buying rate of a rupee stoods at Rs.190.29 against the US Dollar More News:...
CBSL introduces a regulatory framework to facilitate foreign currency borrowings by licensed finance companies
The Monetary Board of the Central Bank of Sri Lanka (CBSL) has issued directions on foreign currency borrowings by Licensed Finance Companies (LFCs) on 9th April 2021 with a view...
Colombo Stock market open today for normal trading
The Colombo Stock Exchange (CSE) announced that the Market will open as usual for trading today, 12th April 2012. However, the 13th and 14th April will be Market holidays for...
ICRA Lanka assigns [SL]BBB+ with Stable outlook for Lotus Hydro Power PLC
ICRA Lanka Limited has assigned the issuer rating of BBB+ with Stable outlook for Lotus Hydro Power PLC (LHP or the Company). Rationale ICRA Lanka has taken a consolidated view...
Fresh drive by SEC to take investing in stock market to villages
• Comprehensive public investor education and promotion events in Matara, Kandy, Kurunegala and Jaffna lined from late April to end June• SEC Chief wants more people to come to stock...
Fitch affirms Singer (Sri Lanka) PLC at ‘AA(lka)’; Outlook Stable
Fitch Ratings has affirmed Sri Lanka-based consumer-durable retailer Singer (Sri Lanka) PLC at ‘AA(lka)’. The Outlook is Stable. The affirmation reflects Singer’s leading market position as the largest consumer-durable retailer...
Central Bank commences payment of increased compensation to the depositors of Failed Finance Companies
The Central Bank of Sri Lanka (CBSL) has commenced payment of the increased compensation amount of Rs 500,000 under the Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS), to...
Fitch affirms Hemas Holdings at ‘AAA(lka)’; Outlook Stable
Fitch Ratings has affirmed Sri Lanka-based consumer and healthcare company Hemas Holdings PLC’s National Long-Term Rating at ‘AAA(lka)’ with a Stable Outlook. The affirmation reflects the defensive nature of Hemas’...
CBSL maintains its accommodative policy interest rates
Sri Lanka’s Central Bank (CBSL) releasing the monetary policy review on Thursday said the Monetary Board has decided to continue the current accommodative monetary policy stance. Accordingly, the Monetary Board...
CSE and GRI to host Leadership Forum on the business benefits of sustainability reporting using the GRI Standards
Global Reporting Initiative (GRI) in collaboration with Colombo Stock Exchange (CSE) is hosting an exclusive session on “Why organizations worldwide and in Sri Lanka are adopting sustainability reporting using GRI...
CSE approves the Empower Board listing of Chrissworld Limited
The Colombo Stock Exchange (CSE) has approved, an application submitted by Chrissworld Limited, for the listing of its Ordinary Voting Shares by way of an offer for subscription on the...
CSE: Clearing misconceptions, key to boost equity market listings
Head of Origination and Issuer Relations at Colombo Stock Exchange (CSE), Purasisi Jinadasa The Stock Exchange is a powerful tool that should be leveraged by corporates as a viable alternative...
Ceylon Electricity Board to raise up to Rs. 20 Billion in capital through the stock market
The Colombo Stock Exchange (CSE) has approved an application by the Ceylon Electricity Board (CEB) to issue Senior Unsecured Listed Redeemable Rated Debentures at an Issue Price of Rs. 100...
Sri Lanka Central Bank denies plans to delay debt service payments on SLDBs and foreign currency loans
Sri Lanka’s Central Bank issuing a statement today denied that it plans to delay debt service payments on account of Sri Lanka Development Bonds and Foreign Currency Loans from Domestic...
Listed companies indicate a keen interest to adopt good corporate governance
The two-part series of online forums themed ‘Beyond Basics: Excellence in Corporate Governance’ hosted by the Colombo Stock Exchange (CSE) was successfully concluded recently, offering representatives of listed companies an...
Can you hold foreign currency in hand? – CBSL clarifies
Can You Accept Foreign Currency as Earnings From Your Business Activities In Sri Lanka? If you receive foreign currency: for goods and services supplied to a person residing outside Sri...
WindForce Limited Public share Issue draws Rs 25.7 Bn
The WindForce Limited Initial Public Offering (IPO) of Rs.3.2 Bn, the largest IPO announced at the Colombo Stock Exchange (CSE) since 2011, has attracted applications amounting to a value of...
CSE closes on a positive footing with a highest turnover since 01st February 2021
The Colombo Stock Exchange (CSE) recorded its highest daily turnover of Rs 7.4 bn, since the previous high of Rs 23 bn recorded on 01st February 2021. Furthermore 6.2 bn crossing...
WindForce’s IPO oversubscribed
Renewable energy giant WindForce Limited (WIND) said its Initial Public Offering (IPO) worth Rs.3.2 billion, which officially opened yesterday on the Colombo Stock Exchange (CSE), was oversubscribed on the opening...
Fitch Assigns Sampath Bank’s Basel III Sub Debt Final Rating of ‘A(lka)’
Fitch Ratings Lanka has assigned Sampath Bank PLC’s (AA-(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures a National Long-Term Rating of ‘A(lka)’. The final rating is the same as the expected...
RECENT
Copyright © 2020
Business Studio
Powered by Rani CS