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Friday January 21st, 2022
Finance

Sri Lanka, Swedish firms asked to develop blockchain based KYC

Sri Lanka's central bank said it had chosen three parties which includes domestic and Swedish tech companies to develop ...

3 min read

Sri Lanka central bank approves Rs53bn in re-financed Covid-19 credit

Sri Lanka's central bank has approved 58 billion rupees of subsidized credit from re-finance (printed money), for Corona...

3 min read

India' Mahindra and Mahindra backing helps Sri Lanka's Ideal Finance rating

itch Ratings said it was confirming a 'BB-(lka)' rating of Sri Lanka's Ideal Finance Limited, with a Rating Watch Positi...

3 min read

Sri Lanka's central bank denies new forex accounts can be used for money laundering

Sri Lanka's central bank denied that new forex deposit accounts started after a Covid-19 crisis under a separate set of ...

3 min read

Sri Lanka stocks extend gains rising 1.9-pct

Sri Lanka stocks gained 1.95 percent on Thursday continuing for the second day, pushed up by LOLC Holdings, Brown Invest...

Sri Lanka DFCC Bank net up 39-pct in Dec 2020

Profits at Sri Lanka's DFCC Bank rose 39 percent to 716 million rupees in the December 2020 quarter, helped by lower ope...

Sri Lanka’s central bank tightens supervision of financial groups

ECONOMYNEXT - Sri Lanka’s central bank said it had entered into agreements with capital markets and insurance s...

1 min read

Sri Lanka to bring shareholder limits for non-bank lenders

Sri Lanka central bank is considering bringing shareholding limits to non-bank finance companies to improve governance, ...

1 min read

Sri Lanka to be 'brutal' on finance companies that lose capital

ECONOMYNEXT - Sri Lanka will act fast to resolve problems of finance companies that fall short of capital, Central Bank...

3 min read

Sri Lanka to tighten ownership limits in banks

Sri Lanka will tighten share ownership limits of Sri Lankan banks along with stricter qualifications for key management ...

2 min read

Leapfrog group buys Sri Lanka Soflogic Life Insurance stake from FMO

A 19-percent stake in Sri Lanka's Softlogic Life Insurance has been sold by the Netherlands-based FMO to the Leapfrog In...

1 min read

Big stake sold in Sri Lanka’s Softlogic Insurance for Rs2.18bn

ECONOMYNEXT – A big stake in Sri Lanka’s Softlogic Life Insurance changed hands on the Colombo bourse Wedn...

1 min read

Fitch downgrades Sri Lanka financial institutions on sovereign rating cut

ECONOMYNEXT – Fitch Ratings said it has downgraded the ratings of Sri Lanka’s National Savings Bank, Bank ...

7 min read

Poor financial literacy in Sri Lanka helping scammers

Ignorance about risks and a focus on rewards only making it easy for people to fall victim for scammers despite having h...

2 min read

Fitch downgrades Sri Lanka Insurance Corp to IFS 'B'

ECONOMYNEXT – Fitch Ratings said it has downgraded the Insurer Financial Strength (IFS) rating of Sri Lanka Insur...

2 min read

Sri Lanka to pay compensation to Standard Credit Finance depositors

ECONOMYNEXT –Sri Lanka’s banking regulator said it would pay compensation to depositors of Standard Credit...

1 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 201.0530 201.9442
UK Pound 273.9247 274.7249
Euro 228.2856 228.6917
Aus Dollar 145.4317 145.2585
Yen 1.7595 1.7610
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7009 2.7080
Korea Won 0.1687 0.1694
Oman Rial 522.2088 524.5236
Saudi Riyal 53.5941 53.8245
UAE Dirham 54.7373 54.9800
Source: Central Bank/Indicative
pts %
S&P SL20 4,623.95 0.12%
CSE All Share 13,462.39 0.04%
Turnover Rs million. 2,191,558,044.10 5,566,542,126
Source: CSE
Latest Last
3-m bill 7.91 7.84
6-m bill 8.18 8.12
12-m bill 8.37 8.29
5-yr bond 10.93 10.69
8-yr bond 10.93 11.52
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's NSB, PLC downgraded to 'B' on political crisis, falling rupee

Sri Lanka's state-run National Savings Bank and People's Leasing has been downgraded to 'B' from 'B+' by Standard and Po...

8 min read

Fitch maintains negative outlook for Sri Lankan banks

ECONOMYNEXT – Fitch Ratings has maintained its negative outlook for Sri Lankan banks, saying the macroeconomic fa...

3 min read

Sri Lanka's Dialog Finance loses Rs39mn in Sept quarter

ECONOMYNEXT – Dialog Finance , the fin-tech unit of Sri Lanka’s top mobile phone operator Dialog Axiata, l...

2 min read

Sri Lanka private credit surges in Sept amid liquidity injections

Sri Lanka's private credit surged 107.3 billion rupees, up from 46 billion rupees a month earlier, as central bank injec...

1 min read

Sri Lanka's Hatton National Bank Sept net up 17-pct

ECONOMYNEXT - Profits at Sri Lanka's Hatton National Bank grew 17 percent from a year earlier to 4.8 billion rupees in t...

2 min read

Sri Lanka's Commercial Bank Sept net up 25-pct on forex gains, better margins

ECONOMYNEXT - Profits at listed Commercial Bank of Ceylon Plc grew 24.5 percent from a year earlier to 5.1 billion rupee...

2 min read

Sri Lanka’s FIU, Motor Traffic dept to share money laundering intelligence

ECONOMYNEXT – Sri Lanka’s Financial Intelligence Unit (FIU) said it has signed an agreement with the Depar...

1 min read

Taxes, impairments wipe out Sri Lanka’s Cargills Bank Sept quarter profits

ECONOMYNEXT – Sri Lanka’s Cargills Bank reported net profit slumped to less than a million rupees in the S...

3 min read

Sri Lanka’s central bank gets new deputy governors

ECONOMYNEXT – The Monetary Board of Sri Lanka's Central Bank has promoted Assistant Governors S R Attygalle and H...

2 min read

Sri Lanka's AIA, Sampath Bank partnership for insurance premium payments

ECONOMYNEXT - AIA Insurance Lanka has entered into a partnership with Sampath Bank to enable customers make insurance pr...

1 min read