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Fitch rates Singer Sri Lanka’s debenture Final ‘A-(lka)’

Fitch Ratings has assigned Singer (Sri Lanka) PLC's (A-(lka)/Stable) senior unsecured debenture of up to LKR1.5 billion a National Long-Term Rating of 'A-(lka)'.

The debenture will have a tenor of three years and carry fixed coupons. It will be listed on the Colombo Stock Exchange, with proceeds to be used to refinance existing debt.


CSE on stabilization track but depreciation worries continue

The Colombo Stock Exchange (CSE) has begun to stabilize after the acute drop below the 6000 points psychological barrier in the All Share Price Index recently. But it would take some time to take the market to a stable position following the rupee depr...

SriLankan Airlines makes progressive changes to its Winter 2018 schedule

In keeping with its strategy of optimizing and rationalizing market opportunities throughout its route network, SriLankan Airlines will be introducing a range of significant changes to its winter schedule.

Accordingly, the national carrier wil...

Genie, Sri Lanka’s first PCI-DSS certified payment app


Dialog Axiata PLC, announced the launch of ‘Genie’, Sri Lanka’s first ‘Payment Card Industry Data Security Standard’ (PCI-DSS) certified mobile payment app. ‘Genie’ transforms a conventional wallet to a truly di...

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