Fitch affirms Sunshine Holdings at ‘AA+(lka)’; Outlook stable
Fitch Ratings has affirmed Sunshine Holdings PLC's National Long-Term Rating at 'AA+(lka)'. The Outlook is Stable. Sunshine's rating reflects its steady …
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Fitch affirms Merchant Bank of Sri Lanka and Finance at ‘BBB+(lka)’; Outlook stable
Fitch Ratings has affirmed Merchant Bank of Sri Lanka & Finance PLC's (MBSL) National Long-Term Rating at 'BBB+(lka)'. The Outlook on Stable. MBSL is 84.5% …
Administrative penalties imposed by FIU on Financial Institutions from Jan 1st to Apr 30th 2024
By virtue of the powers vested under Section 19(1) read together with section 19(2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), …
Monetary Authority of Singapore visits SL to collaborate in field of digital economy
The High Commissioner of Sri Lanka of Singapore Senarath Dissanayake met with the Chief Fintech Officer of the Monetary Authority of Singapore (MAS) Sopnendu …
Siddhalepa Ayurveda: 46 yrs of companionship for millions visiting Adam’s Peak
This year, Siddhalepa Ayurveda proudly celebrated its 46th consecutive year of conducting a health camp at Adam’s Peak. Since 1978, they have been at the …
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 …
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 …
Harsha de Silva raises concerns over imputed rent tax in SL’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 …
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 …
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, …
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 …
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 …
CSE’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 …
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, …
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 …
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 …
Fitch assigns Comm Bank’s basel III subordinated debt final ‘BBB+(lka)’
Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (COMB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III- compliant subordinated …
SriLankan Cargo reinvents service delivery with strong customer focus
SriLankan Cargo, the air cargo division of SriLankan Airlines, recently unveiled its reinvented service delivery framework and website, with a strong focus on …
Advocata welcomes economic transformation Bill
The Advocata Institute welcomes the government’s stated intention to move from an inward-oriented economy to a more open economy to boost international …
Softlogic Capital grows 13-pct, records Rs. 431Mn PBT in FY24
Softlogic Capital, the financial services sector of the Softlogic Group consisting of Softlogic Life, Softlogic Finance, Softlogic Stock Brokers and Softlogic …