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Saturday January 29th, 2022
Finance

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

New super gains tax to reduce profits

2 min read

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

Strong loan growth driven by overdrafts

2 min read

Sri Lanka's SDF is priced at a discount to peers, faster growth expected: IPO managers

New capital will remove capital constraints

2 min read

Sarvodaya DF modernizing Sri Lanka farming with mechanization, digital tech: CEO

This is basically what we call a shared economy ecosystem

2 min read

Sri Lanka's Alliance Finance gets second tranche of Dutch dollar credit

The funds will be on-lent to micro, small and medium enterprises

Sri Lanka's Commercial Bank says its QR code app draws 100,000 users

Various bills can be paid using the app

2 min read

Sri Lanka's NTB 'A(lka)' rating confirmed by Fitch amid slowing credit

NTB had a higher concentration on leasing and credit cards and weak asset quality than peers.

6 min read

Sri Lanka's SDB 'BB+(lka)' rating confirmed by Fitch amid strong credit growth

"We do not expect near-term pressure on SDB's liquidity as it has not fully utilized the proceeds from its capital

5 min read

Sri Lanka CB to set up mobile app for remittances

SL-Remit to make it cheaper

1 min read

Sri Lanka banks asked not to auction loan security till March, interest relief

Vehicle 'bubble' to be curbed

1 min read

Sri Lanka Central Bank issues circular on Stage III Covid linked bad loans

Banks with the approval of the Board of Directors were asked to set guidelines for loan impairment.

1 min read

Sri Lanka lifts price control on T-bills in key stability move

The controls had been in place from April 2020 and had had driven liquidity injections and reserve losses

3 min read

Sri Lanka finance companies hit by import controls: Fitch

The higher prices have supported loan recoveries from repossession in the near term but may expose firms to price falls

2 min read

Sri Lanka's LB Finance 'A-(lka)' rating confirmed

Finance companys face asset quality risks as bad loans rise

5 min read

Sri Lanka's Senkadagala Finance 'BBB+(lka)' rating confirmed, outlook stable

The firm had made provisions and reported lower than industry NPLs

4 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 202.0000 202.0000
UK Pound 271.5789 271.5789
Euro 224.2978 226.8561
Aus Dollar 141.6485 143.0261
Yen 1.7429 1.7640
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6749 2.6890
Korea Won 0.1670 0.1680
Oman Rial 522.5672 524.6685
Saudi Riyal 53.6238 53.8480
UAE Dirham 54.7749 54.9952
Source: Central Bank/Indicative
pts %
S&P SL20 4,400.91 -1.73%
CSE All Share 12,885.70 -1.38%
Turnover Rs million. 2,191,558,044.10 7,595,436,655
Source: CSE
Latest Last
3-m bill 8.18 7.91
6-m bill 8.36 8.18
12-m bill 8.51 8.37
5-yr bond 11.26 10.93
8-yr bond 11.81 10.93
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka central bank recognizes Lanka Rating Agency

Capital requirements are calculated on ratings

1 min read

Sri Lanka slaps 100-pct LC margin to discourage consumer imports amid money printing

Chocolates, spaghetti, apple juice, wine, oats, soya milk, dairy goods, lipsticks, carpets, coats anoraks

2 min read

Sri Lanka extends Coronavirus debt moratorium till December 31

Capital and interest to be rolled over T-Bill + 1

4 min read

Sri Lanka bank loans grow in July, CB credit soars in reserve appropriations

CB credit grown 318 billion rupees in July in record forex reserve losses

1 min read

Sri Lanka central bank orders 5.0-pct ceiling on foreign currency deposits

Special deposit accounts can pay a premium

4 min read

Sri Lanka credit cards can be used for foreign personal purchases not business: CB

No new forex regulations on credit cards

2 min read

Sri Lanka's Hatton National Bank net up 124-pct

Exchange gains, net interest income drive profits

1 min read

Fee income helps boost Sri Lanka’s Nations Trust Bank June profits

Steep rise in fee income

2 min read

Sri Lanka's Commercial Bank net up 52-pct in June quarter

Net interest income up on falling interest costs

1 min read

Sri Lanka’s Seylan Bank profits up 70 percent in June

Net interest and fee income up

1 min read