Category: Companies
Chevron Lanka exceeds LKR 4Bn in earnings for first time
Chevron Lubricants Lanka PLC (“Chevron Lanka”) (LLUB), a listed entity in the Colombo Securities Exchange (“CSE”), notched up record earnings in 2025, the highest ever in its 32-year history of operations in Sri Lanka. Earnings surpassed the LKR 4 billion milestone for the first time, on a topline of LKR 24.39 billion based on the […]
IASL launches revamped website to better serve Sri Lanka’s insurance ecosystem
The Insurance Association of Sri Lanka (IASL) announced the launch of its newly revamped official website at www.iasl.lk, reinforcing the Association’s commitment to transparency, accessibility, and industry leadership in an increasingly digital landscape. The redesigned platform reflects IASL’s recognition that improving its digitalisation standards is centralto its mandate. As Sri Lanka’s insurance industry navigates accelerating […]
To reach US$8 billion, Sri Lanka apparel must grow differently
By Felix Fernando, Chairman, Joint Apparel Association Forum (JAAF) Sri Lanka’s apparel industry has earned its place in the global market through consistency, trust,and a strong reputation for ethical manufacturing. Over many years, we have shown that Sri Lanka can deliver quality, compliance, and reliability at a level that global brands value. That foundation remains […]
Caltex Abimani strengthens the next generation of women in STEM
Chevron Lubricants Lanka PLC, in collaboration with the Ceylon German Technical Training Institute, proudly launched Caltex Abimani Women in STEM, a corporate social responsibility initiative designed to empower young Sri Lankan women pursuing education in science, technology, engineering and mathematics (STEM). The initiative highlights Chevron’s commitment to diversity and inclusion. The program supports deserving students […]
SEC Eases Minimum Public Holding Rules for Listings via Introductions to Boost Market Flexibility
The Securities and Exchange Commission of Sri Lanka (SEC) has approved amendments to the Colombo Stock Exchange (CSE) Listing Rules to provide greater flexibility regarding the Minimum Public Holding (MPH) requirement for companies listing through the Introduction method. These revisions were proposed and deliberated under Project 6 – New Listings (Public and Private), one of […]
FIU Collects Rs. 9.5 Mn in Administrative Penalties from Reporting Institutions
The Financial Intelligence Unit (FIU) of Sri Lanka has collected Rs. 9.5 million in administrative penalties from reporting institutions between July and September 2025. These penalties were imposed under the Financial Transactions Reporting Act (FTRA), No. 6 of 2006, following non-compliance with AML/CFT regulations. In accordance with the law, penalty amounts were scaled based on […]
Telecom operators and partners accelerate restoration of connectivity after cyclone Ditwah
Sri Lanka’s national telecommunication operators, in close coordination with government authorities, are intensifying round-the-clock recovery efforts to reconnect communities battered by severe flooding and landslidestriggered by Cyclone Ditwah since 27 November. The disaster has claimed 334 lives, left nearly 400 people missing or unaccounted for, and affected more than 1.3 million individuals nationwide, with rising […]
Fitch upgrades Nations Trust Bank to ‘A(lka)’
July 26, 2006 (LBO) – Fitch Ratings said Wednesday it has upgraded Sri Lanka’s Nations Trust Bank’s long-term debt to A(lka) with its outlook on the rating to “stable”. The ratings agency said the revision mainly reflects NTBs stronger financial profile, equity infusion post merger with Mercantile Leasing Ltd (MLL) and an expanded asset base. […]
Fitch upgrades People’s Leasing securitsed notes to A+(lka)
July 26, 2006 (LBO) – Fitch Ratings Lanka Wednesday has upgraded the Lease Backed Trust Certificates issued by People’s Leasing Trust Nine to ‘A+(lka)’ from ‘A(lka)’. People’s Leasing trust nine, is a special purpose vehicle created by People’s Leasing Company of Sri Lanka (PLC) for the sole purpose of this transaction. The rating action says […]
Lanka Rating Agency rates Arpico Finance BB2
July 18, 2006 (LBO) – Sri Lanka’s Arpico Finance Co. Ltd has secured a BB2 rating for its long-term senior debt from Lanka Rating Agency. “Our rating reflects Arpico’s weak asset quality, delicate performance and marginal capitalisation,” the rating agency said Tuesday. Arpico, a small finance company quoted on the Colombo Stock Exchange, has been […]
Sri Lanka’s Mercantile Investments mulls subsidiary to hold leisure business
July 5, 2006 (LBO) — Finance company Mercantile Investments Ltd, plans to float a fully-owned subsidiary to hold their leisure investments, a credit rating report said.George Ondaatjie family, which controls 56 percent of Mercantile Investments, currently owns these investments as associate companies. Mercantile Investments has three associate companies catering to the tourism segment: Royal Palms […]
Fitch rates Singer’s four-year debenture ‘A+(lka)’
June 26, 2006 (LBO) – Singer (Sri Lanka) Ltd secured a A+(lka) ratings for their upcoming four-year 600 million rupee debenture from Fitch Ratings Lanka, the rating agency said Monday. Fitch also affirmed Singer’s outstanding debentures: • 200 million rupees 2004/2008 • 250 million rupees 2004/2008 • 300 million rupees 2005/2009 • 400 million rupees […]