Reuters – Sri Lanka’s deposed Prime Minister Ranil Wickremesinghe said the United States and Japan had frozen more than a billion dollars of development aid after his abrupt dismissal raised doubts about the future of democracy in the island. The move to hold back project financing, along with the EU’s warning it could withdraw duty-free…
Reuters – ** The Sri Lankan rupee ended slightly weaker on Friday due to dollar demand for outflows in government securities and stock-related transactions, sources said. Stocks slipped from its nearly two-month closing high hit in the previous session, as the political turmoil continues despite newly appointed Prime Minister Mahinda Rajapaksa’s attempts to resolve the…
Reuters – The European Union will consider stripping Sri Lanka of its duty-free access if it backs off commitments on rights, the EU ambassador said, amid worries stoked by the president’s replacing of the elected premier by a wartime nationalist. The European Union is worried the return of Mahinda Rajapaksa, as prime minister, could derail…
The Sri Lankan Rupee has appreciated after continuous fall in the recent past. The selling rate of the US Dollar has reduced to 175.82 from yesterday’s 177.32 showing a significant climb in the currency. The Sri Lankan rupee traded at a record low on Thursday, but closed firmer due to central bank dollar sales. The…
22% Growth in Net Interest Income Improvement in interest margin Year on Year growth of 17% in total assets Loan portfolio growth of 20% year on year Recognised as one of the Top 10 Most Admired Companies in Sri Lanka in 2018 Profitability The DFCC Group, consists of commercial banking, investment banking, wealth…
The Bank closed the nine months ending 30th September 2018 with a post-tax profit of Rs.2, 918Mn with standing multiple challenges as witnessed across the industry with increasing non-performing loans, tightening of liquidity and moderating credit growth which particularly hindered the performance for the quarter. The Bank realigned its resources in a timely manner during…
Just less than a week after appointing new Prime Minister, in a public statement government said that the President Maithripala Sirisena, and the Prime Minister and Minister of Finance and Economic Affairs Mahinda Rajapaksa have raised concerns regarding the serious setback in the economy as reflected in the persistently low growth rates during the last…
Reuters – The Sri Lankan rupee traded at a record low on Thursday, but closed firmer due to central bank dollar sales. Stocks hit a nearly two-month closing high, but foreign investors continue to exit even after newly appointed Prime Minister Mahinda Rajapaksa’s attempts to resolve the political crisis. ** The rupee traded at a…
The All-Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) has recorded a significant growth today (01). The All-Share Price Index went up by 160.66 points (2.70%) to 6,114.13 while the S&P SL 20 index went up by 136.99 points (4.44%) to 3,221.07. Stock market turnover was 1.5 billion Sri Lankan rupees today, more…
The Government of Sri Lanka (GOSL) has been issuing International Sovereign Bonds (ISBs) since 2007. GOSL has maintained an unblemished record on servicing of its debt obligations timely, including ISBs, since independence. ISBs issued in January and April 2014 in United State Dollar (USD) 1,000 million and 500 million, respectively, are due to mature in January and April…
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