Sri Lanka’s rupee opened weaker on Thursday at 304.25/50 against the US dollar, compared to Wednesday’s 303.75/85, according to market dealers. Bond yields saw an upward movement, while the stock market opened stronger. In the secondary bond market, a bond maturing on December 15, 2028, was quoted at 11.85/90 percent, up from 11.70/80 percent the
Sri Lanka is expecting a mission from the International Monetary Fund (IMF) in two weeks, President Ranil Wickremesinghe announced at a campaign rally in Homagama on Wednesday. “In two weeks when the IMF team comes, we must either confirm that we will implement the agreement and receive the next installment, or inform them of any
Sri Lanka’s LTL Holding IPO, scheduled for September 13, has been put on hold by the Colombo Stock Exchange (CSE) due to the need for further clarification on new information. The CSE has requested additional details from LTL Holding for review. The statement from the CSE highlighted that the new information should have been disclosed
Sri Lanka’s rupee opened at 300.70/95 against the US dollar on Friday, according to market dealers, while bond yields showed an upward trend. A bond maturing on February 15, 2028, was quoted at 13.55/65 percent, and another bond maturing on June 15, 2029, was quoted at 13.70/75 percent. In the equity market, Colombo’s All Share
First Capital (FC) anticipates that bank lending rates will remain within the 9-11% range for the rest of 2024 and rise slightly to 10-12% by mid-2025. This projection comes amidst slow economic conditions, weak demand for credit, and a lag in the reduction of new loan rates. The Average Weighted Prime Lending Rate (AWPLR) dropped
Multi Finance PLC has been officially delisted from the Colombo Stock Exchange (CSE) as of September 4, 2024, following its merger with L B Finance PLC. The delisting process was conducted in accordance with Rule 4 (2) of the Securities and Exchange Commission of Sri Lanka (SEC) Rules, 2001, as outlined in Gazette Extraordinary No.
John Keells Holdings has announced the successful completion of the delisting of its Global Depositary Receipt (GDR) programme from the Luxembourg Stock Exchange. In November 2023, the company’s board decided to terminate the GDR programme due to the relatively low number of GDRs in circulation and their minimal impact on trading in the company’s securities.
The Association of Chartered Certified Accountants (ACCA) and the Colombo Stock Exchange (CSE) have signed a Memorandum of Understanding (MoU) to collaborate on offering ACCA educational courses through CSE branches. This initiative includes a Capital Market Module, co-branding the educational courses with ACCA and CSE, and providing access to ACCA’s professional development and learning resources.
A delegation from CPA Australia, a leading global accounting body, has visited Sri Lanka to explore potential collaborations with local government bodies, professional organizations, universities, and banking institutions. The visit aimed to strengthen ties and enhance opportunities in the accounting and finance sectors. Professor Dale Pinto (FCPA), Global President and Chair of the Board at
Sri Lanka’s rupee closed weaker at 304.00/20 to the US dollar on Monday, down from 303.55/65 on Friday, dealers said, while bond yields were broadly steady. A bond maturing on 15.12.2026 closed at 10.40/50 percent, slightly down from 10.40/55 percent. A bond maturing on 15.12.2027 closed at 11.60/70 percent, up from 11.50/65 percent. A bond