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: Finance
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 ...
Headline inflation decreased to 5.9 percent in April 2020
Economy News: Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 decreased to 5.9 percent in April 2020 from 7.0 percent in ...
World Bank warns 60m at risk of 'extreme poverty'
Economy News: Up to 60m people will be pushed into "extreme poverty" by the coronavirus warns the president of the World Bank. David Malpass said the bank expects global economic ...
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 ...
Sri Lanka trade deficit widens in February 2020
Economy News: Sri Lanka’s trade deficit widened in February 2020 as expenditure on imports increased at a faster pace than the increase in earnings from exports, the Central Bank reported ...
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 ...
Official reserves of Sri Lanka decrease to US$7.1bn in April 2020
Economy News: The total official reserves of Sri Lanka were down from US$ 7,533.74 in March 2020 by US$ 353.84 million to US$ 7,179.9 million in April 2020, the latest ...
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 ...
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