The Securities and Exchange Commission of Sri Lanka (SEC) and The Colombo Stock Exchange (CSE), in collaboration with the Asian Development Bank (ADB) hosted an issuer forum titled ‘Towards a Greener Horizon: Unlocking Opportunities through Sustainability Bonds’ recently in Colombo.
Commercial Bank of Ceylon has received a globally recognised Second-Party Opinion (SPO) for the bank’s Sustainable Bond Framework from Sustainable Fitch, the Fitch Solutions company that provides environmental, social and governance (ESG)-related ratings.
Seylan Bank’s debenture issue 2024 closed after oversubscription on the opening day (July 10), raising Rs.10 billion. In a filing to the Colombo Stock Exchange (CSE), Seylan Bank shared that it received applications for over 100,000,000 debentures. Fitch Ratings assigned Seylan Bank’s (A-(lka)/Stable) proposed Sri Lankan rupee-denominated, Basel III-compliant subordinated debentures an expected National Long-Term Rating of ‘BBB(EXP)(lka)’. The pr
Worker remittances brought into Sri Lanka through the MMBL-Money Transfer network has witnessed a 44 percent growth to US$ 159. 3 million in the first half of 2024. MMBL-Money Transfer represented a 5 percent share of Sri Lanka’s total worker remittances and a 78 percent share of Western Union remittances to Sri Lanka during this period, the entity said in a statement. MMBL-Money Transfer is a 50/50 joint-venture between Aitken Spence PLC and the
The Commercial Bank of Ceylon’s and Sri Lanka’s largest ever debenture issue by a private bank closed after oversubscription on its opening day (July 2) raising Rs. 20 billion for Sri Lanka’s biggest private sector bank, and demonstrating investor confidence in the institution.
The operating environment for the Sri Lankan finance and leasing company (FLC) industry is expected to continue to stabilise, following the inflation and interest rate shocks over the past two years, Fitch Ratings said yesterday.
IMF to review SL’s economic progress next week
Global economy in sticky spot: IMF
Island-wide canteens, restaurants to lower food prices tonight
Thailand allows visa-free entry for Sri Lankans from tomorrow
Legislature, judiciary on collision course over bar on IGP
AIESEC Jaffna Uni Event on Gender, Mental Health on Aug 03
Supreme Court bar on IGP appointment done duly, Speaker stands firm