Reuters – Sri Lankan shares closed little changed on Thursday, hovering near their lowest close in eight months hit in the previous session, as gains in plantation and beverage stocks offset falls in palm oil and diversified shares. The Colombo Stock Index ended 0.07 percent higher at 6,357.04. It had posted its lowest close since…
S&P Global Ratings has revised its credit rating outlook for DFCC Bank from negative to stable, while affirming ‘B’ long-term and ‘B’ short-term issuer credit ratings on the bank. In its assessment of DFCC’s business position, the Bank is projected to maintain its satisfactory market position and business stability over the next 12-18 months. The…
The Managing Director of JAT Holdings (Pvt) Ltd, Mr. Aelian Gunawardene, says that the company is ready to go public anytime, but they have opted not to go public in Sri Lanka due to ‘uncertainties’ of the stock market. In an exclusive interview with Ada Derana Biz, he said that even though JAT Holdings is…
Singer Sri Lanka, the exclusive national distributor for Huawei smartphones announced that, it surpassed Rs. 1 billion sales of Huawei smartphones for the month of November 2017. The Rupee one billion sales were solely for the month of November and this was the second time Singer Sri Lanka has reached this milestone. Singer Sri Lanka…
Singapore, December 13, 2017 — Moody’s Investors Service has affirmed the long-term ratings of three banks in Sri Lanka (B1 negative). The rating actions follow the affirmation of Sri Lanka’s B1 sovereign rating. The affected banks are: (1) Bank of Ceylon; (2) Hatton National Bank Ltd.; and (3) Sampath Bank PLC. The baseline credit assessments…
Reuters – Sri Lankan shares fell on Wednesday to their lowest close in nearly eight months as investors sold banking and diversified shares. The Colombo Stock Index fell 0.12 percent to 6,352.77, its lowest close since April 17. The index lost 0.6 percent last week in its fifth consecutive weekly drop, but is still up…
Reuters – Walt Disney Co’s (DIS.N) deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc (FOXA.O) will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said. The deal, which is set to be announced on Thursday, will end more than…
CEO of Doha Bank, Dr. R. Seetharaman called on President Maithripala Sirisena Tuesday(12th Dec.) at the Official Residence of the President. Sri Lankan ambassador for Qatar A. S. P. Liyanage also joined this meeting.
HNB, Sri Lanka’s leading private sector bank, has been recognized by Asiamoney as the “Best Cash Management Bank in Sri Lanka”. This prestigious award to HNB is a first for a local bank in Sri Lanka in cash management. A part of the Euromoney Group, Asiamoney is considered among the most influential financial magazines and…
New York, December 12, 2017 — Moody’s Investors Service (“Moody’s”) has today affirmed the Government of Sri Lanka’s foreign currency issuer and senior unsecured ratings at B1 and maintained the negative outlook. The decision to affirm the B1 rating balances Sri Lanka’s moderate institutional strength and an economy which exhibits strong, if somewhat volatile, growth…
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