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Friday November 13th, 2026
Finance

Mark Surgenor heads HSBC Sri Lanka and Maldives

He had joined HSBC in 2009 and has worked in Europe, Latin America and Asia

December 1, 2021 1 min read

Sri Lanka budget new taxes to hurt insurer profits, premiums to go up: Fitch

Budget proposed turnover taxes and super gains taxes

November 25, 2021 4 min read

Sri Lanka Insurance 'CCC+' rating confirmed, new Grand Hyatt investment to weaken RBC

New super gains tax to reduce profits

November 25, 2021 4 min read

Sri Lanka's Bank of Ceylon profits down in Sept amid provisioning

Strong loan growth driven by overdrafts

November 21, 2021 2 min read
Sri Lanka central bank issues directions on corporate governance

At least half the directors shall be non-executive

Sri Lanka trade and banking groups team up to strengthen private sector financing

"A key outcome aimed for through the MoU is to enable greater access for financing for Sri Lanka’s private sector

Commercial Bank introduces Sri Lankan remittance card

ECONOMYNEXT - Sri Lanka’s Commercial Bank said it had introduced a remittance card licensed by Visa Inc. enabling...

June 27, 2016 1 min read

Sri Lanka's Asian Alliance general insurance unit goes to Fairfax

Sri Lanka's Softologic group has struck a deal to sell general insurance unit of Asian Alliance Insurance to Canada-base...

June 24, 2016 1 min read

Sri Lanka plans to fix finance companies; IMF to help

ECONOMYNEXT - Sri Lanka wants to set up a special purpose vehicle to fix troubled finance companies, with IMF standing b...

June 24, 2016 2 min read

Sri Lanka flood insurance claims top Rs15bn, re-insurance costs to rise

ECONOMYNEXT - Sri Lanka's insurance claims from a recent flood could be around 15.5 billion rupees, which was manageable...

June 23, 2016 3 min read

Sri Lanka's investment in disaster risk insurance gives fast payoff

COLOMBO, June 13 (Thomson Reuters Foundation) - On April 1, the Sri Lankan government paid Rs300 million ($2 million) as...

June 13, 2016 4 min read

ADB support for Sri Lanka small business venture capital fund

ECONOMYNEXT – The Asian Development Bank (ADB) is to help Sri Lanka set up a venture capital fund for small and m...

June 9, 2016 2 min read

Sri Lanka Central Bank spent Rs133mn under former governor on travel

ECONOMYNEXT – Sri Lanka’s Central Bank said the cost of overseas travel and related work by present govern...

June 6, 2016 1 min read

NY Fed first rejected cyber-heist transfers, then moved $81 million

DHAKA/NEW YORK (Reuters) - Hours before the Federal Reserve Bank of New York approved four fraudulent requests to send $...

June 5, 2016 5 min read

Sri Lanka's People's Leasing to enter Bangladesh

ECONOMYNEXT - People's Leasing and Finance Plc, Sri Lanka's largest non-bank lender, is entering Bangladesh, with domest...

May 31, 2016 1 min read

Bangladesh panel finds possible insider role in c.bank cyber theft

DHAKA, May 30 (Reuters) - Officials of Bangladesh Bank may have been involved in a brazen theft of $81 million from its ...

May 30, 2016 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 332.3603 330.8514
UK Pound 440.9424 438.3450
Euro 368.4879 371.0168
Yen 2.0805 2.0916
Aus Dollar 227.4342 231.1659
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5474 3.4202
Korean Won 0.2492 0.2479
Oman Rial 863.2287 859.3320
Saudi Riyal 88.5586 88.0955
UAE Dirham 90.4874 90.0766
Source: Central Bank/Indicative
pts %
S&P SL20 6,365.57 +0.26%
CSE All Share 22,157.40 +0.56%
Turnover Rs 2975.05 million 1193.67 million
Source: CSE
Latest Last
3-m bill 7.61 7.84
6-m bill 7.91 8.26
12-m bill 8.23 8.3
3-yr bond 9.24 9.25
5-yr bond 9.82 9.56
8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

DFCC Bank joins Sri Lanka's common ATM network

ECONOMYNEXT - DFCC Bank said it had joined LankaPay, Sri Lanka's common automated teller machine network allowing custom...

May 26, 2016 1 min read

Sri Lanka insurance claims may reach Rs5.0bn: Finance Minister

ECONOMYNEXT - Insurance claims from the household and small businesses may reach 5 billion rupees with two largest insur...

May 26, 2016 1 min read

Sri Lanka forum on IFC, Canada finance for clean energy

ECONOMYNEXT - Opportunities for financing clean energy projects from the International Finance Corporation and Canada wi...

May 25, 2016 1 min read

FinanceAsia names Commercial Bank ‘Best Bank’ in Sri Lanka

ECONOMYNEXT - FinanceAsia magazine has declared Commercial Bank of Ceylon as the ‘Best Bank’ in Sri Lanka i...

May 23, 2016 1 min read

Sri Lanka bank credit fueled by printed money in February

ECONOMYNEXT - Sri Lanka's banking system disbursed Rs105 billion of credit to the state and private business, including ...

May 23, 2016 2 min read

HSBC says to close 24 retail banking branches in India

MUMBAI, May 19 (Reuters) - HSBC Holdings Plc said it plans to close 24 branches in India after a strategic review of its...

May 20, 2016 1 min read

Sri Lanka HNB Assurance 'A(lka)' rating confirmed by Fitch

ECONOMYNEXT - Fitch Ratings said it was confirming an 'A(lka)' rating for HNB Assurance (HNBA) and HNB General Insurance...

May 19, 2016 3 min read

Sri Lanka Janashakthi Insurance March net Rs358mn

ECONOMYNEXT – Sri Lanka’s Janashakthi Insurance said March 2016 net profit rose 236% to 358 million rupees...

May 16, 2016 1 min read

Sri Lanka Com Bank says warded off hacker attack

ECONOMYNEXT – Sri Lanka’s Commercial Bank said it had been subject to a hacking attack against which it de...

May 16, 2016 2 min read

Sri Lanka's Bank of Ceylon profits double, bonds losses not seen

ECONOMYNEXT - Profits at Sri Lanka's state-run Bank of Ceylon rose 101.6 percent to 4.43 billion rupees in the March 201...

May 13, 2016 2 min read