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Central Finance Company
Central Finance Company PLC is one of the oldest non-bank financial institutions (NBFIs) in Sri Lanka having founded in 1957. The company is listed on the Colombo Stock Exchange in 1969. Brand Finance ranked the company the 28th most valuable brand in Sri Lanka for the year 2021. Central Finance Company was ranked 44th in the ''LMD 100'' for the fiscal year 2019/20 by '' LMD''. History Central Finance Company was founded in 1957 in Kandy by Chandra Wijenaike. The company was listed on the Colombo Stock Exchange in 1969. The company acquired a 90.1 per cent stake in Isuru Leasing, a small-scale finance company based in Kandy in November 2014. This was carried out as part of the plan of consolidating the financial services sector by the Central Bank of Sri Lanka. Operations Central Finance Company is one of the licensed finance companies, authorised to accept deposits from the public by the Central Bank of Sri Lanka. The company's main business activities include leasing, hire purc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Sri Lanka
The Central Bank of Sri Lanka ( CBSL; si, ශ්රී ලංකා මහ බැංකුව, Sri Lanka Maha Bankuwa) is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA), it is a semi-autonomous body, and following the amendments to the MLA in December 2002, is governed by a five-member Monetary Board, comprising the Governor as chairman, the Secretary to the Ministry of Finance and Planning, and three members appointed by the President of Sri Lanka, on the recommendation of the Minister of Finance, with the concurrence of the Constitutional Council. History The Central Bank of Sri Lanka was established in 1950, two years after independence. The founder governor of the Central Bank of Sri Lanka was John Exter, while the minister of finance at the time was J. R. Jayewardene. Under the former name of Central Bank of Ceylon, it replaced the Currency Board that until then had been responsible for issuing the country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Listed On The Colombo Stock Exchange
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1957 Establishments In Ceylon
1957 (Roman numerals, MCMLVII) was a Common year starting on Wednesday, common year starting on Tuesday of the Gregorian calendar, the 1957th year of the Common Era (CE) and ''Anno Domini'' (AD) designations, the 957th year of the 2nd millennium, the 57th year of the 20th century, and the 8th year of the 1950s decade. Events January * January 1 – The Saarland joins West Germany. * January 3 – Hamilton Watch Company introduces the first electric watch. * January 5 – South African player Russell Endean becomes the first batsman to be Dismissal (cricket), dismissed for having ''handled the ball'', in Test cricket. * January 9 – British Prime Minister Anthony Eden resigns. * January 10 – Harold Macmillan becomes Prime Minister of the United Kingdom. * January 11 – The African Convention is founded in Dakar. * January 14 – Kripalu Maharaj is named fifth Jagadguru (world teacher), after giving seven days of speeches before 500 Hindu scholars. * January 15 – The film ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Sri Lankan Public Corporations By Market Capitalisation
This is a list of largest publicly traded companies on Colombo Stock Exchange by market capitalisation in Sri Lanka. Only the top 50 companies are listed below. List These 50 companies alone account for about 75% of the total market capitalisation of the Colombo Stock Exchange. On January 4, 2021, total market capitalisation crossed three trillion rupees mark for the first time. Hayleys announced a stock split on January 21 of 2021 and it resulted in increasing market capitalization by over 100 billion rupees. All share price index surpassed 8000 points for the first as a result. Source: Colombo Stock Exchange, 20 May 2023 See also * List of public corporations by market capitalization References {{Economy of Sri Lanka Economy of Sri Lanka lists, Public corporations by market capitalization Lists of companies of Sri Lanka, Public corporations by market capitalization Companies listed on the Colombo Stock Exchange, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Upali Newspapers
Upali Newspapers (Private) Limited (UNL) is a Sri Lankan media company which publishes a number of national newspapers and magazines. UNL was founded by Upali Wijewardene, nephew of media mogul D. R. Wijewardena. Upali Wijewardene started publishing two Sunday newspapers, ''Sunday Island (Sri Lanka), Sunday Island'' and ''Divaina Irida Sangrahaya'', in 1981. The two newspapers' daily counterparts - ''Divaina'' and ''The Island (Sri Lanka), The Island'' - started in 1982. Upali Wijewardene died in a mysterious air accident on 13 February 1983 and control of his newspapers passed to his widow Lakmini, and her father Sivali Ratwatte, brother of Sri Lanka Freedom Party, SLFP leader Sirimavo Bandaranaike. UNL also publishes ''Bindu'', ''Navaliya'', ''Randiwa'' and ''Vidusara''. References Upali Newspapers, Privately held companies of Sri Lanka {{SriLanka-company-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sunday Island (Sri Lanka)
''The Island'' is a daily English-language newspaper in Sri Lanka. It is published by Upali Newspapers. A sister newspaper of ''Divaina'', ''The Island'' was established in 1981. Its Sunday edition, ''Sunday Island'', commenced publishing in 1991. The daily newspaper currently has a circulation of 70,000 and its Sunday edition, 103,000 per issue. Upali Wijewardene was its founder. Its political leaning is pro-Sri Lanka Freedom Party. See also *List of newspapers in Sri Lanka References External links * Daily newspapers published in Sri Lanka English-language newspapers published in Sri Lanka Publications established in 1981 Upali Newspapers {{SriLanka-newspaper-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Keells Holdings
John Keells Holdings PLC (JKH) is one of the largest conglomerate companies in Sri Lanka. From managing hotels and resorts in Sri Lanka and the Maldives to providing port, marine fuel and logistics services to IT solutions, manufacturing of food and beverages to running a chain of supermarkets, tea broking to stock broking, life insurance and banking to real estate, the Group of companies has made its presence felt in virtually every major sphere of the economy. JKH is a full member of the World Economic Forum and has issued Global Depository Receipts on the Luxembourg Stock Exchange, and was the first Sri Lankan company to be listed overseas. As a Member of the Global Compact – the United Nations-sponsored international corporate citizenship initiative, JKH is also committed to sustainable development and greater social responsibility, in a multi-stakeholder context. Keells continues its position as the most valuable company in Sri Lanka since the 1980s. History Edwin and G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nations Trust Bank
Nations Trust Bank PLC (abbreviated as NTB) is one of the listed banks in Sri Lanka with 96 branches, 99 Automated teller machine, ATMs and 64 cash deposit & withdrawal machines as well as an automated channels and is the issuer and sole acquirer for American Express Credit Cards in Sri Lanka. Nation Trust Bank's major shareholders are John Keells Holdings and Central Finance Company PLC which are leading companies in their respective operating sectors in Sri Lanka. History Nations Trust Bank was established in July 1999 when it acquired the Colombo Branch of Overseas Trust Bank Ltd. *Acquisition of Waldock Mackenzie Ltd. *Acquisition of the Kandy branch of the Standard Chartered Bank *Acquisition of the Personal Banking portfolio of Deutsche Bank *Acquisition of the Commercial Banking Business and Foreign Exchange Business of American Express Bank in Colombo *Merger with Mercantile Leasing Company in January 2006 The bank has 96 branches and 99 ATM machines. References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fitch Ratings
Fitch Ratings Inc. is an American credit rating agency and is one of the " Big Three credit rating agencies", the other two being Moody's and Standard & Poor's. It is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission in 1975.551 History Fitch Ratings is dual headquartered in New York and London. Hearst owns 100 percent of the company following its acquisition of an additional 20 percent for $2.8 billion on April 12, 2018. Hearst had owned 80 percent of the company after increasing its ownership stake by 30 percent on December 12, 2014, in a transaction valued at $1.965 billion. Hearst's previous equity interest was 50 percent following expansions on an original acquisition in 2006. Hearst had jointly owned Fitch with FIMALAC SA, which held 20 percent of the company until the 2018 transaction. Fitch Ratings and Fitch Solutions are part of the Fitch Group. The firm was founded by John Know ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hire Purchase
A hire purchase (HP), also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time. Other analogous practices are described as closed-end leasing or rent to own. In other words installment means to let a thing without giving total price while payment will be given in a given time period. The buyer will pay monthly agreement installment. The hire purchase agreement was developed in the United Kingdom in the 19th century to allow customers with a cash shortage to make an expensive purchase they otherwise would have to delay or forgo. For example, in cases where a buyer cannot afford to pay the asked price for an item of property as a lump sum but can afford to pay a percentage as a deposit, a hire-purchase contract allows the buyer to hire the goods for a monthly rent. When a sum equal t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
