Dinesh Weerakkody Appointed as New Chairman of Union Bank of Colombo
Dinesh Weerakkody, a highly regarded professional with extensive experience in the banking sector, has been appointed as the new Chairman of Union Bank.
Finance
Finance
Dhammika Perera Rejoins Hayleys as Co-Chairman
Dhammika Perera will rejoin the board of Hayleys Plc as Co-Chairman and non-executive director, effective October 1. Known as a philanthropist, strategist, and.
- October 1, 2024
Finance
Sri Lanka Central Bank Holds Rates Steady, Deflation Possible in Near Term
Sri Lanka’s central bank announced that it would maintain policy interest rates between 8.25% and 9.25%, citing the likelihood of deflation in the.
- September 27, 2024
Finance
People’s Leasing & Finance Launches GoldCash Card: A Gold-Based Credit Solution
People’s Leasing & Finance PLC, a trusted name in Sri Lanka’s non-banking financial sector, has introduced the GoldCash card, an innovative financial tool.
- September 23, 2024
Finance
CBSL: Today Is Not a Bank Holiday Despite Public Holiday
The Central Bank of Sri Lanka (CBSL) issued a statement today clarifying that, although September 23, 2024, is a public holiday, it is.
- September 23, 2024
Finance
Sri Lanka Reaches ISB Restructuring Deal, Finalises Agreement with China Development Bank
Sri Lanka has reached an agreement in principle to restructure approximately USD 14.2 billion in sovereign debt with International Sovereign Bond (ISB) holders.
- September 20, 2024
Finance
US Federal Reserve Cuts Rates by 50 Basis Points, Continues Quantitative Tightening
The US Federal Reserve has cut its interest rate by 50 basis points, bringing the target overnight rate to 4.75%-5.00%. Fed Chair Jerome.
- September 19, 2024
Finance
Ceylinco Life Invests Rs. 2 Billion as Anchor Investor in DFCC Bank’s First Green Bond
Ceylinco Life has announced its pioneering investment of Rs. 2 billion as the anchor investor in Sri Lanka’s first-ever Green Bond, issued by.
- September 12, 2024
Finance
Financial Stability Fund Approved to Strengthen Sri Lanka’s Bank Resolution Framework
The Cabinet of Ministers has approved the establishment of a Financial Stability Fund aimed at strengthening Sri Lanka’s bank resolution framework as part.
- September 11, 2024
Finance
DFCC Bank to Launch Rs 2 Billion Green Bond Issue in Sri Lanka
DFCC Bank PLC in Sri Lanka is set to launch a senior, rated, 3-year green bond issue to raise Rs 2 billion, with.
- September 10, 2024