In today’s dynamic world of equity markets, every trade represents an agreement between two parties to exchange of cash and securities on a future date. This agreement ensures that trade is not only executed but honored, settled, and risk-free. In this context, the importance of risk management in equity clearing and settlement cannot be overstated….
Dankotuwa Porcelain PLC, Sri Lanka’s leading name in luxurious and elegant porcelain tableware, has been appointed the exclusive Sri Lankan distributor for Kiros Hospitality. This landmark partnership marks a significant step forward in elevating operating supplies and equipment (OS&E) standards within the country’s fast-evolving hospitality industry. Through this collaboration, Dankotuwa Porcelain will introduce and promote…
Neither the Central Bank of Sri Lanka (CBSL) nor the government has taken any decision to impose restrictions on vehicle imports at present, the Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe has clarified while responding to recent media reports. The Governor made this statement during a press briefing held at…
President Anura Kumara Dissanayake has appointed a Special Presidential Investigation Committee to probe alleged incidents of fraud, corruption and irregularities at SriLankan Airlines Limited and Airport and Aviation Services (Sri Lanka) (Private) Limited. The President met with the members of the Committee yesterday (22) at the Presidential Secretariat and engaged in a discussion with them….
The Monetary Policy Board decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75% at its meeting held yesterday. The Board arrived at this decision after carefully considering both domestic and global developments. The Board is of the view that the current monetary policy stance will help steer inflation towards the…
Reuters – The United States and Japan struck a deal to lower the hefty tariffs President Donald Trump threatened to impose on goods from its Asian ally that included a pledge by Japan to invest $550 billion in the United States. The agreement – including a 15% tariff on all imported Japanese goods, down from a proposed…
Reuters – U.S. President Donald Trump announced on Tuesday a new 19% tariff rate for goods from the Philippines after what he called a “beautiful visit” by Philippine President Ferdinand Marcos Jr. to the White House, and said U.S. goods would pay zero tariffs. The new tariff rate is just below the 20% threatened by…
Asia Capital PLC has announced that its Board of Directors has resolved to dispose of the company’s 63.77% shareholding in ACAP Stock Brokers (Pvt) Ltd to Cue Capital (Pvt) Ltd. The transaction is subject to approval from the Securities and Exchange Commission of Sri Lanka and the Colombo Stock Exchange. The final price will be…
Gateway to Growth: Asia’s Emerging Opportunity The Ceylon Chamber of Commerce is pleased to announce that registrations are now open for the Sri Lanka Economic & Investment Summit 2025 (SLEIS), taking place on 2nd and 3rd December at the Shangri-La Colombo. This year’s event introduces an enhanced format that builds on the Ceylon Chamber’s flagship…
Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB; AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated green bonds of up to LKR15 billion a final National Long-Term Rating of ‘A(lka)’. The final rating is the same as the expected rating assigned on 7 April 2025 and follows the receipt of documents conforming to…
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