Category: Featured
CBSL appoints two new deputy Governors
In terms of the provisions in the Central Bank of Sri Lanka Act, No. 16 of 2023, Minister of Finance, as recommended by the Governing Board, has appointed A A M Thassim, Assistant Governor and Secretary to the Governing Board, and J P R Karunaratne, Assistant Governor, as Deputy Governors of the Central Bank of […]
ComBank’s Rs 10Bn debenture issue opens 2nd July
The Colombo Stock Exchange (CSE) has approved in principle the listing of Commercial Bank of Ceylon PLC’s Rs 10 Billion Debenture Issue opening on Tuesday 2nd July 2024. The Bank has announced an initial issue of 100 million Basel III Compliant – Tier 2 Listed Rated Unsecured Subordinated Redeemable Debentures with a Non-Viability Conversion feature, […]
‘s IMF agreement
Dr. Harsha de Silva has expressed significant concerns regarding the proposed imputed rent tax under Sri Lanka’s agreement with the International Monetary Fund (IMF), a statement said. He emphasized that this tax, categorized as an income tax rather than a property tax, could disproportionately impact a wide range of income earners. In a detailed analysis, […]
New World Bank Chief for Sri Lanka, Maldives and Nepal
David Sislen is the World Bank’s new Country Director for Maldives, Nepal, and Sri Lanka, effective July 1, 2024. Sislen succeeds Faris Hadad-Zervos, who will be taking on a new World Bank assignment. He isa dual national of the US and Italy, joined the Bank in 2001 as an Economist in the Urban Cluster Unit […]
Indian External Affairs minister Dr. Jaishankar to arrive tomorrow in Sri Lanka
The Minister of External Affairs of India, Dr. Subrahmanyam Jaishankar will be undertaking an official visit to Sri Lanka on 20 June 2024. During this visit, the External Affairs Minister of India is scheduled to pay courtesy calls on President Ranil Wickremesinghe and Prime Minister Dinesh Gunawardena. The visiting Indian External Affairs Minister and his […]
CFA Society Sri Lanka celebrates capital market excellence
The annual CFA Society Sri Lanka Capital Market Awards recognizing and rewarding excellence in the local capital markets was held on Tuesday, 18 June 2024, at the Oak Room, Cinnamon Grand, Colombo. This year’s CFA Society Sri Lanka Capital Market Awards – a flagship event in the CFA Society Sri Lanka calendar – was held […]
Ceylon Chamber commends board-level agreement on second IMF review, Calls for sustained economic reforms
The Ceylon Chamber of Commerce congratulates the Government of Sri Lanka for securing a board-level agreement on the second review of Sri Lanka’s Extended Fund Facility (EFF) with the International Monetary Fund (IMF). This agreement provides Sri Lanka with immediate access to approximately SDR 254 million (about USD 336 million) in financing. This significant […]
‘s implementation of shortened settlement cycle for equity trades proves successful
The Colombo Stock Exchange’s (CSE) implementation of the shortened settlement cycle for equity trades has been executed seamlessly with the first settlement under the T+ 2 cycle taking place on 12 th July 2024, marking a significant milestone in Sri Lankan Capital Market operations. Investors have experienced swift payment processing, receiving their funds within two […]
WealthOS successfully raises £4Mn with institutional investors Barclays
WealthOS, a UK-based cloud-native wealth management platform founded by two Sri Lankan entrepreneurs and with product and engineering operations in Sri Lanka, recently secured £4 million in seed funding led by Barclays Bank. In addition to Barclays, WealthOS also garnered investment from Main Set, a division of the international investment firm Capricorn Capital Partners UK […]
Min Sabry attends BRICS Foreign ministerial outreach session in Russia
Foreign Minister Ali Sabry undertook an official visit to Russia at the invitation of his counterpart, Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation from 10-11 June 2024 to attend the BRICS Foreign Ministers’ meeting with the developing countries held in Nizhny Novgorod, Russia. The meeting was attended by high level representatives of […]
Nobel Biocare launches in SL, Bringing advanced dental implant solutions with Delmege Healthcare
Nobel Biocare, a global leader in innovative implant-based dental restorations, is thrilled to announce its official launch in Sri Lanka. This marks the first time our prestigious brand, renowned for its rich history and deep clinical expertise, will be available in this dynamic market. As a pioneer in implantology, Nobel Biocare is excited to be […]
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Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III- compliant subordinated debentures of up to LKR20 billion a final National Long-Term Rating of ‘BBB+(lka)’. The final rating is the same as the expected rating assigned on 15 February 2024 and follows the receipt of documents conforming to […]