Tag: lbo
‘ ratings; off RWN; Outlooks stable
Fitch Ratings has affirmed the support-driven National Long-Term Ratings of four Sri Lankan bank subsidiary finance and leasing companies (FLCs). The Outlooks are Stable. The four FLCs are: CBC Finance LTD (CBCF) at ‘BBB+(lka)’; HNB Finance PLC (HNBF) at ‘BBB+(lka)’; Siyapatha Finance PLC at ‘BBB+(lka)’; and UB Finance PLC (UBF) at ‘BB(lka)’. At the same […]
CSE integrates with TradingView to facilitate advanced charting via MyCSE
The Colombo Stock Exchange (CSE) is proud to announce the integration of TradingView Technical Charts which facilitates advanced charting via MyCSE portal, to enhance investor experience with effect from 06 th October 2023. TradingView is the leading global provider of advanced charting and analytical tools. The facility is available in two forms as in real-time […]
”; Outlook stable
Fitch Ratings has upgraded Ceylon Electricity Board’s (CEB) National Long-Term Rating and the rating on CEB’s senior unsecure debentures to ‘BB+(lka)’, from ‘B(lka)’. The Outlook is stable. The upgrade follows the 28 September 2023 upgrade of the Sri Lankan sovereign’s Long- Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-‘, from ‘Restricted Default (RD)’. CEB’s ratings […]
Eran exposes SL’s plight of human capital flight; Govt. not bringing any solution to preserve health sector
Eran Wickramaratne, Member of Parliament of the Samagi Jana Balavegaya, accused the government of not bringing any solution or alternative arrangements to preserve the health sector of the country as it asserts the right to life of the citizens. Though the health sector now faces a brain drain with increasing numbers of the sector fleeing […]
Harsha proposes tax reforms to relieve burden on middle class and professionals
MP Harsha de Silva’s Tax Reform Proposal: Simplify PAYE tax structure and introduce surcharge.Surprising Revenue Figures: PAYE collection surpasses expectations, while PIT falls short.Inequality in Tax Burden: Current system disproportionately impacts middle-class professionals.MP’s Evidence-Based Approach: Proposed reforms aim to balance government revenue and reduce the tax burden.Combatting Tax Fraud: Efforts to address LKR 60 billion […]
‘s 16-point prescription for reform
In a scathing indictment of Sri Lanka’s governance landscape, the International Monetary Fund (IMF) has handed down a damning verdict. MP Harsha de Silva, speaking at Wednesday’s parliament session, highlighted the gravity of the situation as he discussed the contents of the IMF’s Governance Diagnostic Assessment report. Verdict is clear: corruption has permeated every level […]
SLT-DIGITAL services and Surge Global forge strategic partnership
SLT-DIGITAL Services, the marketing services and digital engagement solutions arm of SLT-MOBITEL group, has entered into a strategic partnership with Surge Global, a technology and marketing consulting company founded in Sri Lanka, to empower local enterprises, to drive growth marketing and develop enterprise software solutions. The SLT-DIGITAL and Surge Global collaboration aims to help businesses […]
Integrated water resources development: Way forward for Sri Lanka to tackle climate crisis
The last time El Niño affected Sri Lanka, between 2016 and 2017, more than 2 million people were affected—first by flooding and landslides, and then by a severe drought. 19 out of 25 districts were hit hard, decimating two harvest seasons, and creating water scarcity for agriculture, drinking and household use. El Niño currently in […]
””; Outlook stable
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). At the same time, we affirmed our ‘SD/SD’ long- and short-term foreign currency ratings. The outlook on the ‘CCC+’ long-term local currency rating is stable. We also raised the issue rating on […]
CB Governor of Viet Nam compliments improvement of Sri Lankan economy
The Governor of the Central Bank of Viet Nam, known as State Bank of Viet Nam (SBV), Nguyen Thi Hong, expressed optimism and encouraging sentiments about the improvement of the economy of Sri Lanka during the last 12 months, when the Ambassador of Sri Lanka to Viet Nam Prof. A. Saj U. Mendis met her […]
‘s online safety bill: Regressive overreach stifling investment and freedom of speech
● Tech Investment Threatened: Risk of deterring tech investments in Sri Lanka. Draconian Legislation: An archaic and draconian bill that overreaches. ● Truth Determination: Commission to decide truth and falsehood – a questionable move. ● Global Tech Giants: Major tech companies unlikely to accept such laws. ● Lacking Foresight: Ignoring future tech advancements like AI. ● Investment vs. Freedom: The contradiction between investment and freedom of […]
IIRM Lanka Insurance Brokers Pvt Ltd achieves remarkable market share growth locally
IIRM Lanka Insurance Brokers Private Limited proudly announces its outstanding achievement in the Sri Lankan insurance market, securing an impressive market share in both the long-term and general insurance segments. IIRM Lanka Insurance Brokers Private Limited commands a market share of 21.13% in the Long-term Insurance sector and 6.34% in the General Insurance Business, amounting […]