All Blogs
”’
Fitch Ratings has affirmed the rating on SriLankan Airlines Limited’s (SLA) USD175 million government guaranteed 7% unsecured bonds due 25 June 2024 at ‘C’. The rating on the bonds is driven by the unconditional and irrevocable guarantee of the government of Sri Lanka (Long-Term Foreign-Currency Issuer Default Rating: ‘RD’).
SEC Sri Lanka Approves Accredited Shariah Scholars for Islamic Capital Market Products Certification
The Securities and Exchange Commission of Sri Lanka (SEC) has approved a list of Accredited Shariah Scholars as “Supplementary Service Providers”. These scholars are authorized to certify the Shariah compliance of Islamic Capital Market Products intended for listing on the Colombo Stock Exchange (CSE) in accordance with the Listing Rules. The SEC considers this as […]
Sampath Bank unveils its new “Vishwa” retail App
Sampath Bank, a leading innovator in Sri Lanka’s banking industry, proudly unveiled its revolutionary mobile application, Sampath Vishwa Retail. This progressive launch marks a significant milestone within the internet banking landscape, promising unparalleled convenience and accessibility to customers. Boasting a user base of over one million, representing nearly 25% of the bank’s total clientele, Sampath […]
LankaPropertyWeb introduces AI-powered tool to its real estate marketing
LankaPropertyWeb (LPW), a real estate portal in Sri Lanka, proudly announces groundbreaking enhancements set to revolutionise the real estate marketing industry. Demonstrating an unwavering commitment to innovation, LankaPropertyWeb introduces two cutting-edge features – the AI-powered social Media Promo Add-On Package and the ML Image Recognition Tool – designed to transform property listings and streamline marketing […]
Second Sri Lanka – UK Strategic Dialogue held in Colombo
The Second Sri Lanka – UK Strategic Dialogue was held at the Ministry of Foreign Affairs on 07 May 2024. The Sri Lanka delegation at the meeting was led by Director General / Europe and North America Shobini Gunasekera and the UK side by Director / India and Indian Ocean Directorate at the Foreign Commonwealth […]
TISL Challenges the Appointment of CIABOC Director General in Supreme Court
Transparency International Sri Lanka (TISL) has filed a Fundamental Rights Petition (SC FR 110/2024) in the Supreme Court, challenging the appointment of W. Kanishka D. Wijeratne as the Director General (DG) of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC). Mr. Wijeratne, who had previously served as the DG of CIABOC since January […]
”; Outlook Stable
Fitch Ratings has affirmed Sri Lankan cable manufacturer Sierra Cables PLC’s National Long-Term Rating at ‘A+(lka)’. The Outlook is Stable. The affirmation and Stable Outlook reflect our view that Sierra will be able to maintain adequate financial metrics in the next 12 months. The improving trajectory in Sri Lanka’s external finances and lower domestic interest […]
CEAT Kelani says it is not the company fined by Customs Department
CEAT Kelani International Tyres (Pvt) Ltd. has assured customers, stakeholders and the general public that the Company has no dispute over Customs Duties with the Customs Department and is not subject to any inquiry or penalty by the Department in relation to Customs Duties. Responding to media reports that a leading tyre manufacturer is facing […]
”’
Fitch Ratings has assigned Siyapatha Finance PLC’s (BBB+(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured debentures of up to LKR4 billion a final National Long-Term Rating of ‘BBB+(lka)’. The final rating is the same as the expected rating assigned on 14 March 2024 and follows the receipt of documents conforming to information already received.
CBSL invites general public to submit observations on draft amendments to Finance Leasing Act
The Central Bank is inviting the general public to submit observations on the draft amendments to the Finance Leasing Act. The public is invited to send their observations/ suggestions/ comments through post, fax or email on or before 31st May 2024, under the subject; “Observations/ Suggestions/ Comments on the draft amendments to the Finance Leasing […]