Finance Companies Increase Treasury and Repo Investments Amid Vehicle Ban
Sri Lankan finance companies have substantially increased investments in government securities, repurchase agreements (repos), and unit trusts in the first half of 2024,.
Finance
Forex Market
Sri Lankan Rupee Opens Weaker at 293.70/75 to US Dollar, Bond Yields Steady
Sri Lanka’s rupee opened slightly weaker against the US dollar on Tuesday, trading at 293.70/75 compared to 293.60/70 the previous day, according to.
- October 29, 2024
Forex Market
Sri Lankan Rupee Slightly Stronger at 292.85 to Dollar, Bond Yields Steady
Sri Lanka’s rupee strengthened slightly on Thursday, closing at 292.85/293.00 to the US dollar, improving from the previous day’s rate of 293.00/20, according.
- October 11, 2024
Finance
Hareendra Dissabandara Takes Office as Chairman of Sri Lanka SEC
Senior Professor Hareendra Dissabandara has been appointed as the new Chairman of the Securities and Exchange Commission (SEC) of Sri Lanka. Dissabandara has.
- October 8, 2024
Forex Market
Sri Lanka Rupee Strengthens to 293.70 Against US Dollar
Sri Lanka’s rupee appreciated against the US dollar, trading at 293.70/90 on Friday, compared to 294.00/50 the previous day, while bond yields remained.
- October 4, 2024
Economics
IMF Meets Sri Lanka’s New Economic Team for Future Collaboration
Sri Lanka’s newly elected President Anura Dissanayake’s economic team held its first meeting with an International Monetary Fund (IMF) delegation. The discussions, which.
- October 3, 2024
Finance
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.
- October 2, 2024
Industry Analysis
Tokyo Cement Appoints Two New Independent Directors
Tokyo Cement Company (Lanka) PLC has strengthened its Board by appointing two new Independent Non-Executive Directors, Mano Sekaram and Averil Anne Ludowyke. Both.
- October 2, 2024
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
Business
Sri Lanka’s Hela Apparel Raises Rs 1.5 Billion Through Rights Issue
Hela Apparel Holdings Plc, a leading apparel manufacturer in Sri Lanka, has successfully raised Rs 1.5 billion through a rights issue, according to.
- September 30, 2024