Category: Markets
CFA Society Sri Lanka hosts CEO forum ‘Rebooting Sri Lanka Economy”
A CEO Forum organised by the CFA Society Sri Lanka (CFASSL) was held in Colombo recently with a focus on ‘Rebooting the Sri Lankan Economy – Post-Domestic Debt Optimisation’. The event was attended by regulators, senior government officials, business leaders, and CFA Charterholders. The forum was aimed at fostering a constructive dialogue among regulators and […]
CSE to conduct full day of trading from Disaster Recovery site
The Colombo Stock Exchange (CSE) is to conduct a planned full day of trading from the Disaster Recovery site using Automated Trading System Disaster Recovery Solution on Friday, 23rd June 2023. The exercise will be an industry wide activity with the participation of all stakeholders, to ensure the preparedness of all participants to meet the […]
HNB, Hemas Holdings & SLT to be included in S&P SL 20 mid-year index rebalance
The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2023 mid-year rebalance. The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 19th June 2023 (after the market close of 16th June 2023) are presented below. Exclusions […]
Green bonds gain traction in Sri Lanka: Securities and Exchange Commission
By Securities and Exchange Commission of Sri Lanka Sustainable Financing Sustainable finance refers to any form of financial service integrating Environmental, Social and Governance (ESG) criteria into the business or investment decisions for the lasting benefit of both clients and society at large. Presently, a number of securities regulators are focused on whether the sustainable […]
CSE enables issue of Green Bonds by Sri Lankan Companies
The Colombo Stock Exchange (CSE) is pleased to announce the introduction of listing and trading of Green Bonds for the first time in the Sri Lankan stock market, with effect from 25th April 2023. Under the Green Bonds concept, proceeds are invested exclusively in green projects that generate climate or other environmental benefits, for […]
CSE and CDS revised applicable rules, ensuring consistency with New SEC Act
Pursuant to the enactment of the Securities and Exchange Commission (SEC) of Sri Lanka Act No 19 of 2021 (New SEC Act), the Stockbroker rules of the Colombo Stock Exchange (CSE) and the Central Depository Systems (CDS) have been revised in order to ensure consistency with the said New SEC Act. Accordingly, the following rules […]
Colombo Stock Exchange to extend trading hours from next Monday
The Securities and Exchange Commission of Sri Lanka (SEC) has issued a directive to the Colombo Stock Exchange (CSE) to extend trading hours from next Monday, 10th April 2023. The trading hours are set out below: Pre-open session – 09.00 a.m. to 9.30 a.m. Open Auction – at 9.30 a.m. Regular Trading – will commence […]
Fitch maintains Capital Alliance Investment Grade Fund on Rating Watch Negative
Fitch Ratings has maintained Capital Alliance Investment Grade Fund’s National Fund Credit Quality Rating of ‘Af(lka)’ and National Fund Market Risk Sensitivity Rating of ‘S1(lka)’ on Rating Watch Negative (RWN). The RWN reflects continued deterioration in the credit profile of the fund’s investible universe. “We have recently recalibrated the Sri Lankan national rating scale and […]
We are ready to unlock IMF program; guidance band removed: CBSL Governor
Sri Lanka is now standing ready to unlock the IMF Extended Fund Facility arrangement as all prior actions of the program have been completed, the Central Bank Chief said. “We are now standing ready to unlock the IMF program,” CBSL Governor Nandalal Weerasinghe told reporters in Colombo. “Although we raised policy rates, we would expect […]
Colombo Stock Exchange opens its newest branch in Panadura
The Panadura branch of the Colombo Stock Exchange (CSE) was officially opened to the public by the CSE Chairman, Dilshan Wirasekera, on the 2nd of March 2023, with the participation of a few Stockbroker Firms, President of Sinhala Business Association Gihan Kuruppu, CSE CEO Rajeeva Bandaranaike, Senior Management and the staff. Panadura Branch is the […]
Faizal Salieh appointed as new SEC Chairman
The Securities and Exchange Commission of Sri Lanka (SEC) today announced that Faizal Salieh assumed duties as the Chairman of the SEC on 20th February 2023. He is currently the Chairman of the Sri Lanka Institute of Directors, which is committed to empowering Directors from both the private and public sectors with insights and skills […]
RIU to host webinar on achieving debt sustainability and safeguarding social wellbeing
The Research Intelligence Unit (RIUNIT) is hosting the webinar entitled ‘lessons from Sri Lanka’s sovereign debt crisis’ on 22 February 2023, which aims to draw international lessons from the current economic crises. An extremely high powered panel includes Ali Sabry, Attorney-at-law and the current Minister of Foreign Affairs, Sri Lanka; Yanis Varoufakis, former Minister of Finance, […]