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
LOLC Finance PLC, Sri Lanka’s leading non-banking financial institution, has concluded the year with a bang! The company reported an exceptional performance, achieving its highest ever profits of Rs. 21.5 billion for the fiscal year 2023/24. This impressive figure represents a significant 39% year-on-year growth and translates to a strong return on equity (ROE) of
HNB FINANCE PLC, a prominent financial services provider, has announced a strategic collaboration with the Co-operative Thrift and Credit Union (Sanasa) aimed at extending innovative financial solutions to underserved rural communities nationwide. This Memorandum of Understanding (MoU) marks a significant step towards financial inclusion, enabling residents in remote villages, previously devoid of advanced financial services,
Vallibel Finance recently inaugurated its new branch in Athurugiriya, introducing its renowned financial services to the community. The event, graced by Managing Director Jayantha Rangamuwa, marked a significant milestone for the company, underscoring its commitment to expanding its reach and strengthening its bond with customers. Rangamuwa emphasized Vallibel Finance’s dedication to delivering innovative financial solutions