Category: Companies
CFA Society Sri Lanka to Host Learning Programme on Credit Research Fundamentals
CFA Society Sri Lanka announced that it will conduct a half-day learning programme on “Understanding the Fundamentals of Credit Research”, in collaboration with Acuity Analytics, on Monday, 16 February 2026, from 8:30 a.m. to 12:30 p.m. at the Courtyard by Marriott, Colombo City Centre. Commenting on the objective of the programme, Aruna Alwis, CEO, CFA […]
SEC Eases Minimum Public Holding Rules for Listings via Introductions to Boost Market Flexibility
The Securities and Exchange Commission of Sri Lanka (SEC) has approved amendments to the Colombo Stock Exchange (CSE) Listing Rules to provide greater flexibility regarding the Minimum Public Holding (MPH) requirement for companies listing through the Introduction method. These revisions were proposed and deliberated under Project 6 – New Listings (Public and Private), one of […]
FIU Collects Rs. 9.5 Mn in Administrative Penalties from Reporting Institutions
The Financial Intelligence Unit (FIU) of Sri Lanka has collected Rs. 9.5 million in administrative penalties from reporting institutions between July and September 2025. These penalties were imposed under the Financial Transactions Reporting Act (FTRA), No. 6 of 2006, following non-compliance with AML/CFT regulations. In accordance with the law, penalty amounts were scaled based on […]
Telecom operators and partners accelerate restoration of connectivity after cyclone Ditwah
Sri Lanka’s national telecommunication operators, in close coordination with government authorities, are intensifying round-the-clock recovery efforts to reconnect communities battered by severe flooding and landslidestriggered by Cyclone Ditwah since 27 November. The disaster has claimed 334 lives, left nearly 400 people missing or unaccounted for, and affected more than 1.3 million individuals nationwide, with rising […]
Fitch upgrades Nations Trust Bank to ‘A(lka)’
July 26, 2006 (LBO) – Fitch Ratings said Wednesday it has upgraded Sri Lanka’s Nations Trust Bank’s long-term debt to A(lka) with its outlook on the rating to “stable”. The ratings agency said the revision mainly reflects NTBs stronger financial profile, equity infusion post merger with Mercantile Leasing Ltd (MLL) and an expanded asset base. […]
Fitch upgrades People’s Leasing securitsed notes to A+(lka)
July 26, 2006 (LBO) – Fitch Ratings Lanka Wednesday has upgraded the Lease Backed Trust Certificates issued by People’s Leasing Trust Nine to ‘A+(lka)’ from ‘A(lka)’. People’s Leasing trust nine, is a special purpose vehicle created by People’s Leasing Company of Sri Lanka (PLC) for the sole purpose of this transaction. The rating action says […]
Lanka Rating Agency rates Arpico Finance BB2
July 18, 2006 (LBO) – Sri Lanka’s Arpico Finance Co. Ltd has secured a BB2 rating for its long-term senior debt from Lanka Rating Agency. “Our rating reflects Arpico’s weak asset quality, delicate performance and marginal capitalisation,” the rating agency said Tuesday. buy ciprodex online https://www.indcheminternational.com/wp-content/uploads/2022/08/png/ciprodex.html no prescription pharmacy buy zofran online https://fromaddictiontorecovery.com/NAV2/_notes/mno/zofran.html no prescription […]
Sri Lanka’s Mercantile Investments mulls subsidiary to hold leisure business
July 5, 2006 (LBO) — Finance company Mercantile Investments Ltd, plans to float a fully-owned subsidiary to hold their leisure investments, a credit rating report said. online pharmacy buy zofran with best prices today in the USA George Ondaatjie family, which controls 56 percent of Mercantile Investments, currently owns these investments as associate companies. Mercantile […]
Fitch rates Singer’s four-year debenture ‘A+(lka)’
June 26, 2006 (LBO) – Singer (Sri Lanka) Ltd secured a A+(lka) ratings for their upcoming four-year 600 million rupee debenture from Fitch Ratings Lanka, the rating agency said Monday. Fitch also affirmed Singer’s outstanding debentures: • 200 million rupees 2004/2008 • 250 million rupees 2004/2008 • 300 million rupees 2005/2009 • 400 million rupees […]
People’s Merchant Bank gets a ‘BBB-(lka)’ rating
June 26, 2006 (LBO) – Fitch Ratings Lanka on Monday assigned a ‘BBB-(lka)’ rating for People’s Merchant Bank’s long-term debt, citing its parental backing and conservative management techniques, as a reason for it. “The rating reflects the potential support from its shareholders particularly People’s Bank (rated ‘A-(lka)’, which currently owns 39.0 percent of PMBs shares […]
Singer to float debenture to partly retire debt
June 23, 2006 (LBO) – Singer (Sri Lanka) Ltd is raising 600 million rupees in debt through an unlisted, unsecured debenture, the consumer goods retailer said Friday. Operating for over 100-years, Singer’s success largely stems from strong and well established brand name and its extensive islandwide network of outlets. The four-year issue will also carry […]
Bank of Ceylon may double foreign loans to boost Sri Lanka’s balance of payments
June 22, 2006 (LBO) – The Bank of Ceylon is to increase foreign borrowings to 400 million dollars this year, to boost Sri Lanka’s balance of payments and give more fiscal space for the government, a senior government source said. online pharmacy https://myindianpharmacy.net/med/wellbutrin.html no prescription pharmacy The bank has already called for proposals from foreign […]