Sri Lanka Economic Summit 2023 kicks off
The Ceylon Chamber of Commerce will host the Sri Lanka Economic Summit 2023 on November 28th and 29th at the Shangri-La Hotel, Colombo, with President Ranil …
The Ceylon Chamber of Commerce will host the Sri Lanka Economic Summit 2023 on November 28th and 29th at the Shangri-La Hotel, Colombo, with President Ranil …
Having carried out a successful Rights Issue with the objective of meeting the enhanced regulatory minimum capital, Amana Bank recently listed its Rights Issue …
Heralding its entry into the digital payment space, Commercial Credit and Finance PLC (CCF) recently announced its acquisition of a 19.99% stake in Mega …
Fitch Ratings has assigned Bank of Ceylon's (BOC) (CC/CCC-/A(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures of up to LKR10 billion …
Rising gold-backed lending among Sri Lanka’s finance and leasing companies (FLC) sector is exposing financiers to higher collateral price risk and making …
Fitch Ratings has assigned National Development Bank PLC's (NDB, A-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated …
A heightened emphasis on lending has seen the Commercial Bank Group increase gross loans and advances by Rs 51.404 billion in the third quarter of 2023 at a …
The World Bank Executive Board approved US$ 150 Million under the Sri Lanka Financial Sector Safety Net Strengthening Project to strengthen the financial and …
What is Stock Borrowing and Lending (SBL)? Stock Borrowing & Lending (SBL) is a mechanism that is introduced by the Colombo Stock Exchange (CSE) through …
Gary Mehigan, the renowned British-Australian Michelin Star celebrity chef and much-famed former original judge of MasterChef Australia, is gracing the shores …
Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (COMB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III compliant subordinated …
The second tranche of the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) was delayed as the country failed to meet some of the program …
Sri Lankan’s economy is not standalone, but is interlinked with foreign policy, says SJB parliamentarian Eran Wickramaratne. "Whilst our internal decision …
Fitch Ratings has downgraded Sri Lanka-based Senkadagala Finance PLC's (Senka) National Long-Term Rating to 'BBB(lka)' from 'BBB+(lka)'. The Outlook is Stable. …
The Colombo Stock Exchange (CSE) conducted a series of virtual workshops and intends to continue more workshops on Regulated Short Selling (RSS) through Stock …
Fitch Ratings has affirmed the support-driven National Long-Term Ratings of four Sri Lankan bank subsidiary finance and leasing companies (FLCs). The Outlooks …
Fitch Ratings has affirmed Bank of Ceylon's Long-Term Local-Currency Issue Default Rating (IDR) at 'CCC-' and removed it from Rating Watch Negative (RWN). The …
South Asia is expected to grow by 5.8 percent this year—higher than any other developing country region in the world, but slower than its pre-pandemic pace …
Lanka—Sri Lanka ranks 116 out of 165 jurisdictions included in the Economic Freedom of the World: 2023 Annual Report, released by Advocata Institute in …
S&P Global Ratings today raised its long- and short-term local currency sovereign credit ratings on Sri Lanka to 'CCC+/C' from 'SD/SD' (selective default). …