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The Commercial Bank Group has reported a six-month financial performance that mirrors the impacts of the country’s macro-economic variables, with solid operational gains negated by extraordinary provisioning in the second quarter for impairment charges and other losses. Comprising of the Commercial Bank of Ceylon PLC, its subsidiaries and an associate, the Group posted a gross […]
Ken Vijayakumar, a versatile business, and People’s professional, currently holding the position of Deputy General Manager – Human Resources, Administration, Purchasing and Sustainability at A. Baur & Company (Pvt.) Ltd was elected as President of CIPM Sri Lanka, the Nation’s leader in human resource management, at its Annual General Meeting held recently. Prior to his […]
Interest on several International Sovereign Bonds have been missed.
The index has risen 19.6% in the last 12 sessions
Global ratings agency S&P Global has slashed its rating on Sri Lankan bonds to ‘D’, representing default, following missed interest and principal payments. The South Asian nation, which had defaulted on a bond payment earlier this year and has $12 billion in overseas debt with private creditors, has been battling the worst financial crisis in […]
Former Foreign Secretary Admiral (Prof) Jayanath Colombage has been picked as the new Ambassador of Sri Lanka to Indonesia. The Parliament Committee on High Posts approved the appointments of five Secretaries to Ministries and one Ambassador, Secretary General of Parliament Dhammika Dasanayake said. Accordingly, the Committee on High Posts approved the appointment of Admiral (Prof) Jayanath [̷...
Global ratings agency S&P Global on Monday slashed its rating on Sri Lankan bonds to 'D', representing default, following missed interest and principal payments.The post S&P pushes Sri Lankan bonds deeper into junk territory with ‘default’ rating appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
The loss per share for the quarter was 4.53 rupees.
Decision based on GoSL assurance given in Geneva last June By Shamindra Ferdinando Dr. Gunadasa Amarasekera yesterday (14) said President Ranil Wickremesinghe’s government should explain the rationale behind delisting several Tamil Diaspora groups and individuals. “The timing of the government announcement really worries us,” Dr. Amarasekera said on behalf of the Federation of National...
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