Category: Economy and Markets
Dipped Products sets standard for sustainable growth: Launches ESG roadmap ‘DPL Pulse’
Export manufacturer of hand protection solutions and member of the Hayleys Group, Dipped Products PLC (DPL), announced the launch of its new ESG roadmap ‘DPL Pulse’. ‘DPL Pulse’ builds on the environmental and social consciousness already rooted within the organisation and aligns with the Hayleys Group’s long-term sustainability aspirations as outlined in the Hayleys Lifecode. […]
Sampath Bank reports profit before tax of Rs 13.2 Bn
Financial Highlights During the first half of 2023, Sampath Bank reported robust financial performance, with a profit before tax (PBT) of Rs 13.2 Bn and a profit after tax (PAT) of Rs 7.7 Bn, representing growth of 46.6% and 8.1% respectively compared to 1H 2022. Key financial highlights for 1H 2023 compared to the same […]
First Capital reports profits of Rs. 2.8Bn
First Capital Holdings PLC (the Group) announces its outstanding financial performance for the first quarter ended June 30, 2023. The Group reported an impressive Profit after Tax of Rs. 2.81 billion, marking a remarkable leap from Rs. 96 million recorded in the same period last year. Among the key divisions, the Primary Dealer segment demonstrated […]
Outstanding eligible SLDBs converted into five new LKR Treasury Bonds: CBSL
Outstanding eligible SLDBs (the Eligible Bonds) have been converted into five (5) new variable coupon (SLFR* + 1.00%) New Treasury bonds denominated in LKR and settled on 15.08.2023, the Central Bank said.
CCC promotes responsible investment practices with webinar on sustainability standards for ESG financing
Aiming to create awareness about the growing significance of sustainable development and Environmental, Social, and Governance (ESG) financing, The Ceylon Chamber of Commerce recently conducted a webinar on ESG Financing and the impact of sustainability standards in the financial sector on access to finance for businesses. The session aimed to enhance the knowledge and understanding […]
Sujeewa Peiris elected to the CSE Board of Directors
Sujeewa Peiris was elected to the Board of the Colombo Stock Exchange (CSE) with effect from 09th August 2023. He joined Bartleet Group in 1990 and has played a pivotal role in the growth and development of Bartleet Religare Securities (Pvt) Ltd., formerly known as Bartleet Mallory Stockbrokers. Having started his career in stock brokering as a Documentation Officer, Peiris has progressed to become a leading and highly recognized Stockbroker/Investment Advisor licensed by the Securities and Exchange Commission of Sri Lanka […]
Central Bank reduces Statutory Reserve Ratio by 2-pct to inject liquidity into banking system
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 8 August 2023, decided to reduce the Statutory Reserve Ratio (SRR) applicable on all rupee deposit liabilities of Licensed Commercial Banks (LCBs) by 200 basis points, from 4.00 per cent to 2.00 per cent, with effect from the reserve maintenance […]
CSE and stockbroker firms take lead in attracting Indian firms
“Invest Sri Lanka” is a series of forums organized by the Colombo Stock Exchange (CSE) in partnership with Stock Broker Firms, to promote foreign portfolio investment into the Sri Lankan Stock Market by showcasing investment opportunities in leading Sri Lankan listed companies. The investor forums have previously conducted in key foreign markets, including the UK, […]
Central Bank launches Web Portal of Regional Development Department
The Central Bank of Sri Lanka Launched the dedicated Web Portal of the Regional Development Department (RDD Web Portal) on 04.08.2023, signifying its strategic orientation towards financial inclusion initiatives. RDD Web Portal was developed with the financial assistance of the International Finance Corporation (IFC), a longstanding partner of the Central Bank, in promoting financial inclusion […]
JICA & NPD to improve Effective Public Investment Management for Economic revival of Sri Lanka
On 2nd of August, the detailed discussion on the progress and way forward was held on the ongoing technical cooperation project named, “Project for Capacity Development for Effective Public Investment Management” between Department of National Planning, Ministry of Finance, Economic stabilization, and National policies (NPD), other line ministries and JICA at the 3rd Joint Coordination […]
Driving customer-centric innovation in challenging times
By Sabry Ansar, Director, Head of CE Business – Samsung Electronics, Sri Lanka and Maldives In times of unprecedented challenges, the significance of innovation and adaptability in meeting customer demands becomes paramount. As the Director of Samsung Sri Lanka and Maldives, I worked alongside a dedicated team to recognize the crucial role of understanding customer […]
Sri Lanka – India business networking event forges new collaborations
Enhancing bilateral relations and leveraging opportunities for investment were among the focus points of a Business Networking event with a multi-sectoral business delegation from India recently hosted by the Ceylon Chamber of Commerce at the Shangri-La Hotel Colombo. The networking event provided an exclusive opportunity for Members of the Ceylon Chamber to meet with the […]