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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...
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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...
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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'...
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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 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 moreThe 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...
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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...
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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...
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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...
Read moreRajeeva 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...
Read moreHaving 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...
Read moreICRA 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...
Read moreThe 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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