Companies
ICRA economic outlook for 2H 2021: Economy relapses amid the third wave
Key Takeaways Expedited vaccine rollouts in many major economies have enhanced global growth outlook for 2H 2021. Sri Lanka which was earlier expected to be a …
Sri Lanka’s Weakening External Finances to Pressure Corporate Ratings: Fitch Ratings
Sri Lankan corporates could face rating pressure should the government further restrict imports amid weakening external finances, Fitch Ratings says in a new …
Sri Lanka records USD 978Mn exports in June 2021; maintains its upward trend
As per the latest statistics released by the Sri Lanka Customs, the export sector performance has been able to maintain its upward trend in June 2021 with …
IFC & FCCISL Work with Businesses to Promote Increased Work-Life Balance
To help close the gender gap and promote greater work-life balance, particularly at a time of COVID-19 impacts, IFC and the Federation of Chambers of Commerce …
Colombo Stock Exchange to review index calculation methodology for ASPI
The Colombo Stock Exchange (CSE) has decided to revisit the methodology of the computation of the ASPI to determine the possibility of index movements being …
CSE to convert mobile app into a comprehensive investor platform under 2nd phase of digitalization
The Securities and Exchange Commission of Sri Lanka (SEC) along with the Colombo Stock Exchange (CSE) continues to drive digital advancement in Sri Lanka’s …
JAT Holdings announces forthcoming Initial Public Offering
JAT Holdings, Sri Lanka’s trusted industry leader in finishing and furnishing, recently announced the firm’s intention to enter an Initial Public Offering …
PM Mahinda meets with Omani investors
Prime Minister Mahinda Rajapaksa met with an Omani investors delegation from Shumookh Investment and Services SAOC which is the investment arm of Madayn - The …
Sri Lanka records USD 884Mn exports in May 2021
Sri Lanka’s export sector performance has been able to manage its growth momentum in May 2021 with the challenges of the Covid-19 pandemic. As per the …
Sri Lanka Retailers’ Association appeals for cost-sharing from Business Partners
The Sri Lanka Retailers' Association (SLRA), the apex body for organised retail in Sri Lanka, issued a communique requesting landlords, lessors, and business …
CSE to introduce Delivery Vs. Payment mechanism to Sri Lankan Stock Market
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) announce the introduction of a Delivery vs Payment (DVP) system …
CSE announces changes in S&P SL20 at mid-year index rebalance
The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2021 …
Sri Lanka seeks collaboration on Graphene applications with Russian Company
The State Ministry of Regional Cooperation, recognizing the potential of Sri Lanka’s natural resources to contribute to the country’s economy, has been …
Emirates Group announces 2020-21 results
The Emirates Group today announced its first year of loss in over 30 years caused by a significant drop in revenue, fully attributed to the impact of COVID-19 …
SL is a strategically located strong economy with access to emerging and established markets : BOI Chief
Sri Lanka is a skills powerhouse, with the best living environment in South Asia, a senior official said. Additionally, Sri Lanka is the place to work, live …
FCR recommends investors hold on to equity allocation & begin exiting beyond 8,000
Considering the fact that the market has already reached the 7,500 range, First Capital Research (FCR) recommends investors hold on to the equity allocation …
SEC grants extension to Listed Companies to release financial statements
The Securities and Exchange Commission of Sri Lanka (SEC), having considered the contents of the letter dated 28th May 2021 of the Colombo Stock Exchange (CSE) …
First Capital records highest ever PAT of Rs. 2.09 Bn
First Capital Holdings PLC recorded a Consolidated Profit after Tax of LKR 2.09Bn for the financial year 2020/21. The results show a significant growth …
Arrangements to provide EPF services remotely due to travel restrictions
Arrangements have been made to provide the services of Employees' Provident Fund Department (EPF) by post, e-mail, internet or through the branches of …