The move, expected early next year, is a key first step to improve governance and prepare for a listing as the bourse looks to introduce Reits and ETFs and become a regional hub.
At FinanceAsia’s inaguaural Sri Lanka Investment Summit, government officials outlined measures to reduce debt and steer economic growth.
Sri Lanka's deputy minister of foreign affairs, Dr Harsha de Silva, discusses the challenges and opportunities facing the coalition government.
Sri Lanka re-embraces China as it re-starts stalled infrastructure projects.
Hotel operators create the foundations of a sustainable tourism industry backed by a government trying to learn from other countries' mistakes.
Strong order book allows sovereign to upsize bond as central bank governor tells FinanceAsia policy makers are preparing to take tough measures to improve tax collection.
We are pleased to announce the winners of our annual Country Banking Achievement Awards. Day Three covers Singapore, Sri Lanka, Taiwan, Thailand and Vietnam.
Political developments in a few Asia-Pacific countries will become important factors in shaping credit trends in the next few years, says S&P's Kim Eng Tan.
Sri Lanka's SEC chairman explains why his country's stock market will continue to grow strongly, driven by privatisations and the introduction of Reits and derivative products.
Sri Lanka’s Central Bank Governor Ajith Nivard Cabraal explains why his country’s credit rating should be two notches higher.
TPG buys up to 75% of Union Bank of Colombo for $117m, Sri Lanka’s biggest ever private equity investment.
SriLankan Airlines has raised $175 million from international debt capital markets — the first company to do so.
The sovereign quenches the thirst of frontier market investors by issuing a $2 billion dual-tranche bond, its first international note in seven years.
The country was able to price Asia’s first sovereign bond of the year within its existing curve, with a bulk of US investors buying into the nation’s strong credit story.
The sovereign returns with another successful global bond, while People's Leasing lines up its own deal.
The Sri Lankan sovereign plans to revisit the dollar bond markets and is expected to mandate three or four banks during the next week or two.
Despite the never-ending deal flow in Asia's dollar bond markets, emerging market investors clearly want more of Bank of Ceylon and Pertamina.
Sri Lanka successfully prices a $1 billion global bond, riding on the country’s recovery story and positive moves by rating agencies.
Sri Lanka comes to market with its largest and longest-dated sovereign ever, achieving the objective of extending its yield curve to 10 years.
Borrowers in the region, particularly Koreans, are tapping into healthier investor appetite and locking in low-cost funding.