May the Triple Gem Bless You First of all, I offer my best wishes for the New Year. As the people of the country are very eagerly waiting with high interest, I wish to make a statement on the final report of the Presidential Commission of Inquiry (PCoI) into the Bond Issuance of the Central…
The Cabinet has approved proposals for the issuance of Sri Lanka Development Bonds and International Sovereign Bonds under the Public Borrowing Program 2018. The Sri Lankan Government said that the maximum borrowing limit for 2018 is LKR 1,893 billion and LKR 1,313 billion out of them will be obtain from local sources and LKR 580…
Reuters – Sri Lankan shares rose for a seventh straight session to hit a near five-week closing high on Tuesday as investors picked up large caps, with sentiment expected to remain positive after the central bank kept key policy rates unchanged last week. The Colombo Stock Index ended 0.66 percent firmer at 6,411.27, its highest…
Fitch Ratings-Singapore/Colombo-02 January 2018: Fitch Ratings has assigned Sri Lanka Telecom PLC’s (SLT, AAA(lka)/Stable) proposed senior unsecured debenture issue of up to LKR7 billion an expected National Long-Term Rating of ‘AAA(lka)(EXP)’. The debentures will have a tenor of 10 years and carry fixed coupons. The debentures will be listed on the Colombo Stock Exchange, with…
The Monetary Board of the Central Bank of Sri Lanka at its meeting held on 01.01.2018, having considered the weak financial performances of the ETI Finance Ltd. (ETIF) and Swarnamahal Financial Services PLC (SFSP) with a view to safeguard the interests of the depositors and other creditors of the two companies, and to ensure safety…
John Keells Holdings PLC, one of the largest listed companies in Sri Lanka announced several changes in its Board of Directors. Two of the Company’s Executive Directors, Ajith Gunawardene and Ronnie Pieris have retired from their positions at John Keells Holdings PLC and all other positions in its subsidiaries, with effect from 31 December 2017….
SYDNEY/LONDON (Reuters) – The chief executive of British catering giant Compass Group Plc and four members of his family were killed when the seaplane they were flying in crashed into a Sydney river on New Year’s Eve. Richard Cousins, 58, chief of the world’s biggest catering firm, died together with Emma Bowden, 48, Heather Bowden,…
Sri Lanka Telecom PLC (SLT), a blue-chip company and a dominant player in the Sri Lankan Telecom and Information Technology Enabled Services (ITES) space, announced today that the directors of the company have resolved to issue LKR 5.0 billion listed debentures with a green shoe option for a further LKR 2.0 billion, subject to regulatory…
Cargills Bank Limited announces the appointment of Rajendra Theagarajah as its Managing Director/Chief Executive Officer from 1st January 2018. Theagarajah is not a stranger to Cargills Bank having joined and served as its Non Executive Joint Deputy Chairman since December 2016. With this appointment, he will play a pivotal role in executing strategy, and delivering…
Central Bank of Sri Lanka (CBSL) in considering the immense requests from the general public and the difficulties that the general public is facing in exchanging willfully defaced currency notes at Licensed Commercial Banks (LCBs), has decided to extend the time period for such exchange of currency notes at LCBs up to 31 March 2018. Mutilation, alteration…
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