Standard Chartered acting as the Joint Lead Manager and Joint Bookrunner successfully priced a US$ 175 million, five-year Fixed Rate Senior Unsecured Reg S issuance for Srilankan Airlines, guaranteed by the Democratic Socialist Republic of Sri Lanka at 7.00% yield. This is the first international bond offering by a Sri Lankan Corporate since 2014 and…
(Reuters)-Politicians need to quickly coordinate regulatory responses to new risks from technology companies like Facebook moving into finance, though banks won’t be squeezed out anytime soon, the Bank for International Settlements (BIS) said on Sunday. The social media group’s announcement last week that it wants to expand into payments and launch its own coin Libra…
Sri Lanka’s foremost conglomerate, John Keells Holdings (JKH) PLC, with the approval of its shareholders at a general meeting ,has announced a new Employee share option Plan (“ESOP schemes” ) amounting to 1.50 % of the issued share capital of the company , which not more than 0.5% will be issued annually over a period…
Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100)1 decreased to 3.5 per cent in May 2019 from 3.6 per cent in April 2019 due to the high base prevailed in the corresponding month of the previous year. Meanwhile, in May 2019, year-on-year Food and Non-food inflation recorded…
The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2019 mid-year index rebalance. A revision of the S&P SL 20 methodology in March 2017 established the practice of a semiannual rebalance of the index (previously conducted annually), which is set…
China donated a batch of security equipment to the Sri Lankan Parliament on Wednesday (19) worth nearly Rs.60 million to ensure the safety of the parliament following the Easter Sunday attacks. The security equipment, including three portable x-ray machines and five walk through metal detectors were handed over to speaker Karu Jayasuriya by Chinese Ambassador…
Despite challenges, Nation Lanka Finance PLC is currently exploring opportunities both locally and overseas for potential partnerships and mergers where capital infusion, technical expertise and financial muscle for new credit lines and opportunities can be sourced. “Facilitating sustainable growth for the Company, on a solid financial footing is the highest priority of the Board” says…
On the sidelines of Commander of the Navy, Vice Admiral Piyal De Silva’s visionary concept to implement the environmental protection pilot project – “Neela Haritha Sangramaya”, the Naval Dockyard in Trincomalee has been declared a Domain of Green and Blue today ( 21). The Naval Dockyard is a spectacular territory spanning over 850 acres covered…
Reuters – Sri Lankan shares hit a more than one-week low on Thursday due to profit taking and continued foreign fund outflows from the island nation’s risky assets, while the rupee ended weaker on dollar demand from importers. ** The benchmark stock index ended 0.37% weaker at 5,372.37, its lowest closing level since June 11,…
The Active Liability Management Act, No.8 of 2018 was approved in Parliament in order to ensure that the financing needs for the re-payment of the public debts are obtained in a more prudent manner with a view to improving Public Debt Management. Accordingly, taking into consideration the Public Debt maturity structure during the period from…
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