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Fitch Assigns ‘A-(lka)’ Rating to Seylan Bank’s Rs.15 Billion Basel III Subordinated Debentures

Overview of the Rating Decision Fitch Ratings has officially assigned an ‘A-(lka)’ National Long-Term Rating to Seylan Bank PLC’s proposed LKR 15 billion Basel III-compliant subordinated debentures. These debt instruments are designed to support the bank’s regulatory capital under Tier 2 requirements. This rating reflects the expected loss severity in the event of default and […]


Colombo Stock Market Soars After Iran-Israel Ceasefire Announcement

🌍 Global Ceasefire Boosts Sri Lankan Stock Market The Colombo Stock Exchange (CSE) saw a sharp surge on Tuesday, jumping 2.54%, following U.S. President Donald Trump’s announcement that a ceasefire between Iran and Israel had officially taken effect. The positive geopolitical news lifted investor confidence and reversed recent market losses. 📊 Index Performance at a […]


Sri Lanka Urges Peace Amid Israel-Iran Conflict: Calls for De-escalation in the Middle East

Sri Lanka’s Foreign Ministry Voices Concern Over Growing Tensions Amid rising tensions between Israel and Iran, the Government of Sri Lanka has issued an official statement urging all involved parties to take immediate and meaningful steps toward de-escalating the situation in the Middle East. In a brief release, the Ministry of Foreign Affairs, Foreign Employment, […]


Sri Lanka Secures $150 Million from World Bank to Boost Solar and Wind Energy

🌞 A Major Step Toward Renewable Energy Independence The World Bank has approved a $150 million financing package to support Sri Lanka’s transition to clean energy. This initiative aims to add 1,000 megawatts (1 gigawatt) of solar and wind power to the national grid, helping reduce blackouts and improve electricity reliability across the island. The […]


How Sri Lanka’s Aswesuma Welfare Program Targets Poverty — And the Challenges Ahead

Sri Lanka’s social welfare system has undergone important changes with the introduction of the Aswesuma cash transfer program, designed to more effectively combat poverty. While the scheme shows promising results in reducing food insecurity and improving targeting compared to previous programs, recent research highlights concerns about its potential impact on male labor force participation and […]


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