The Commercial Bank of Ceylon has been ranked the ‘Strongest Bank Brand’ in Sri Lanka for the third consecutive year in the 2022 report on the country’s most valuable and strongest brands by Brand Finance, the world’s leading independent brand valuation consultancy. The Commercial Bank brand also moved up the value ranking to be the…
Fitch Ratings has placed the National Long-Term Ratings of 12 Sri Lankan non-bank financial institutions (NBFIs) on Rating Watch Negative (RWN). The entities are: Finance and Leasing Companies: – Bimputh Finance PLC (Bimputh) – CBC Finance LTD (CBCF) – Central Finance Company PLC (CF) – Fintrex Finance Limited (Fintrex) – HNB Finance PLC (HNBF) –…
Latest Community Guidelines Enforcement Report highlights strides made in maintaining the platform as a safe and welcoming space 94.1% of videos were removed within 24 hours of being posted for violating Community Guidelines, 95.2% were removed before a user reported them and 90.1% were removed before the videos had any views The world’s leading short-form…
A discussion organized by the Parliamentary Committee on Public Finance on “How to overcome the prevailing Economic Crisis in Sri Lanka” will be held on the 27th April 2022. Accordingly, the discussion has been scheduled for the 27th of April at 2.30 p.m. at Committee Room No.1 and is organized by the Parliamentary Committee on…
Op-Ed by UNICEF Sri Lanka Article 3(1) of the United Nations Convention on the Rights of the Child (CRC) states that, “ln all actions concerning children the best interest of the child shall be a primary consideration” This simply means that when adults make decisions, they should think about how their decisions will affect children….
“At this unprecedented and turbulent period in the history of our nation, as a truly Sri Lankan enterprise that evolved with inspiring goodness for over seven decades, our heartfelt thoughts and prayers are with fellow Sri Lankan consumers and stakeholders, who are experiencing untold hardships due to unsustainable macro-economic conditions. We also note with quiet…
In the wake of difficulties experienced by Sri Lanka, the Embassy of Italy in Colombo is glad to announce that the Republic of Italy will be granting an in-kind emergency contribution to Sri Lanka of around LKR 125 Mn (Euro 341,115) for the purchase of medicine and medical equipment. The contribution will be channeled through…
Reuters – Sri Lanka has begun discussions with China about refinancing its debt, a cabinet spokesman said on Tuesday, as Colombo struggles with its worst financial crisis in decades. “China has indicated their stance is that because they have lent to many countries around the world … they have suggested that they will refinance the…
Reuters – Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International Monetary Fund (IMF) official said on Tuesday. The country of 22 million people has requested loans from the IMF as it struggles to pay for imports amid crushing debt and a sharp…
Reuters – S&P Global Ratings cut Sri Lanka’s rating as an issuer of foreign currency debt to ‘selective default’ after the South Asian country missed sovereign bond interest payments, S&P said on Monday. The bonds which had missed payments, maturing in 2023 and 2028, were cut to ‘default’ and the overall rating could be further…
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