Financial
CSE ASPI Best Performing Index Globally in September
Financial 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 moreCBSL Successfully Completes the Settlement of the Maturing International Sovereign Bond of US Dollars 1 Billion on behalf of the Government of Sri Lanka
Financial 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...
Read moreAll Share Price Index (ASPI) crosses 6,000 Mark
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....
Read morePresident appoints ex-Goldman Sachs Jayamin Pelpola to BOI Board
President Gotabaya Rajapaksa has appointed investment banker turned tech entrepreneur Jayamin Pelpola to the board of the BOI (Board of Investment), with immediate effect. Jayamin has over 10 years of...
Read moreIntroducing REITs in Sri Lanka: An opportunity to benefit from Real Estate Investment
Financial News: The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) announces the launch of Real Estate Investment Trusts (REITs) which now gives average...
Read moreStock Market Digitalization Creates Convenience and Enhanced Market Accessibility for All Sri Lankans
Financial News: A special market opening ceremony was organized today (17) by the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) under the patronage...
Read moreManufacturing and Services activities expanded in August 2020 as reflected by PMI
Purchasing Managers' Indices for both Manufacturing and Services activities expanded in August 2020. Recovery of manufacturing activities continued in August 2020 as reflected by PMI, benefiting from the normalization of...
Read moreFitch: Sri Lanka non-life insurance premiums may fall increasing competition
Financial News: Global rating agency, Fitch Ratings says price competition among non-life insurers in Sri Lanka is likely to intensify as a ban on auto imports and an economic downturn...
Read moreLaunch of Ratapuraama LANKAQR Public Awareness Campaign in Matale
Financial News: The Central Bank of Sri Lanka (CBSL) together with financial institutions with LANKAQR enabled payment apps launched “රට පුරාම LANKAQR”, Island wide awareness campaign on 12 September 2020...
Read moreAPAC Remittances to Decline Amid the Coronavirus Shock
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,...
Read moreFlexibility within limits – The underlying premise driving the NBFI sector
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...
Read moreThe Stock Market identified as a willing and able source to fund digital transformation
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...
Read moreICRA Lanka reaffirms the ratings of Commercial Credit and Finance PLC
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...
Read moreSimcorp is contracted to build a new CBSL Data Management System
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...
Read moreDeadline of Application for 4% Working Capital Loan Scheme until 30th September 2020 – CBSL
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...
Read moreAllianz PAB Plus Makes Personal Accident Insurance More Accessible
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 moreFitch Ratings: Daintee Acquisition to Boost Sunshine’s Defensive Cash Flows
Financial 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 CBSL continues its accommodative monetary policy stance
The 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...
Read moreThe CSE expresses confidence in the strong mandate for a pro-growth Government
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...
Read moreSEC introduces a Framework for Real Estate Investment Trusts (REITs)
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 moreFurther guidance offered to Listed Companies on hosting virtual/hybrid AGMs
Financial 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 moreCBSL Denies Media Reports on Macroeconomic Projection Updates
Financial 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...
Read moreThe Central Bank in talks to secure USD 1bn Currency Swap Agreement with the RBI
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 moreCentral Bank approved 3,985 new loans amounting to Rs.11,829 million under the Saubagya COVID-19 renaissance facility during the period 13-23 July 2020
Financial 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 moreICRA Lanka assigns issuer rating of [SL]A+ for Metrocorp (Private) Limited
Financial 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...
Read moreArjuna Nanayakkara appointed to head London Stock Exchange Group’s Shared Services Centre in Sri Lanka
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 moreFitch Ratings: Pandemic to Cost Rated Sri Lankan Corporates LKR30 billion in Revenue
Financial 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?
The 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 moreContinuation of Measures Taken to Preserve the Foreign Currency Reserve Position of Sri Lanka
Financial 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 moreCSE announces new listing opportunities
Financial 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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