Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday. Two-thirds of the 347 respondents to the survey – carried out in response to the outbreak – put a lengthy contraction in the global economy top of their list of concerns…
The Government of Sri Lanka finds inferences in recent media reports questioning its ability to honour its debt service obligations. The Government notes with dismay such inferences made by certain media to imply that Sri Lanka is at risk of falling into a sovereign debt crisis by comparing Sri Lanka with other sovereigns which are…
HNB FINANCE Limited. (CSE: HNBF), a leading Sri Lankan financial services provider, announced that the company’s shares are now listed on the Colombo Stock Exchange under the Diri-Savi Board. The first to be listed in over two years, HNB FINANCE’s Initial Public Offering (IPO) via an Offer for Sale on the Colombo Stock Exchange, was…
The Colombo Stock Exchange (CSE) closed trading for the day by moving up for the fifth straight day. The All Share Price Index (ASPI) increased by 2.04% or 94.18 points to close at 4,701.03 whilst the S&P SL20 index of more liquid stocks went up by 2.11% or 38.94 points to close at 1,886.65. Market turnover…
Given the significant changes that have occurred in the recent year, it is imperative to have a mechanism in place for the Colombo Stock Exchange (CSE) to conduct all core activities of the stock market digitally as well as to have measures in place to ensure electronic clearing and settlement in order to keep abreast with…
Sri Lanka’s dollar bonds have been the worst-performing sovereign notes in Asia this year. But BNP Paribas Asset Management and Union Investment Privatfonds GmbH say it might now be time to buy. The comments come after Treasury Secretary S.R. Attygalle told Bloomberg News on 31 March that the country has “several streams of inflows in…
A net outflow of the foreign investment amounting to US $ 118 million was recorded from the rupee denominated government securities market in February 2020, resulting in a cumulative net outflow of US $ 99 million during the first two months of 2020, the Central Bank said. Foreign investment in the CSE, including primary and…
Most frontier market sovereigns are experiencing acute foreign-exchange liquidity shortages Liquidity relief from bilateral creditors will only partially offset the immediate shock The G-20 debt suspension initiative is unlikely to ease the significant credit challenges that the coronavirus pandemic has amplified in some frontier market sovereigns, Moody’s Investors Service said in a report yesterday (…
• Bank PAT Rs 2.6 Bn • Deposits grow by Rs 31 Bn to Rs 841 Bn • Rolls out relief measures in line with CBSL guidelines Hatton National Bank PLC (HNB) posted a Profit After Tax (PAT) of Rs 2.6 Bn for Q1 2020, representing an increase of Rs 607 Mn over Q1 2019….
Colombo’s iconic landmark and the single, largest, private mixed development investment in Sri Lanka, Cinnamon Life by the John Keells Group, has resumed construction after a lock down since March 2020. An inspection to the Cinnamon Life construction site was made by Chief Public Health Inspector DR. R. L. De S. Wijayamuni and other public…
Video Story
