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HDFC Bank Of Sri Lanka
The Housing Development Finance Corporation Bank of Sri Lanka PLC, commonly abbreviated as HDFC Bank of Sri Lanka PLC, is a specialised housing bank in Sri Lanka. The bank commenced operations in 1984 as a building society. Through successive acts in the Parliament of Sri Lanka over the years, the bank transformed into a state-owned enterprise, then a specialised bank and a listed company on the Colombo Stock Exchange in 2005. Since widening its scope of business in 2011, the bank established itself as a supporter of small and medium-sized enterprises. The government of Sri Lanka holds 51% of the bank's stocks, mainly through the National Housing Development Authority. HDFC Bank is one of the '' LMD 100'' companies in Sri Lanka. The bank ranked 78th in the 2020/21 edition. Brand Finance calculated the brand value of HDFC Bank to be LKR763 million in 2022. Due to the effects of the Sri Lankan economic crisis, Fitch Ratings placed the bank along with twelve other Sri Lankan banks on ... [...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] |
Government Of Sri Lanka
The Government of Sri Lanka (GoSL) ( si, ශ්රී ලංකා රජය, Śrī Lankā Rajaya; ta, இலங்கை அரசாங்கம்) is a parliamentary system determined by the Sri Lankan Constitution. It administers the island from both its commercial capital of Colombo and the administrative capital of Sri Jayawardenepura Kotte. Constitution The Constitution of Sri Lanka has been the constitution of the island nation of Sri Lanka since its original promulgation by the National State Assembly on 7 September 1978. It is Sri Lanka's second republican constitution and its third constitution since the country's independence (as Ceylon) in 1948. As of October 2020, it has been formally amended 21 times. Executive branch The President, directly elected for a five-year term, is head of state, chief executive, and commander-in-chief of the armed forces. The election occurs under the Sri Lankan form of the contingent vote. Responsible to Parliament for the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Companies Listed On The Colombo Stock Exchange ...
As of March 2023, the Colombo Stock Exchange (CSE) has 289 listings. A B C D E F G H I J K L M N O P R S T U V W Y References {{Economy of Sri Lanka * Colombo Stock Exchange Colombo Stock Exchange The Colombo Stock Exchange (CSE) ( si, කොළඹ ව්යාපාර වස්තු හුවමාරුව, translit=Kolamba Vyapara Vasthu Huvamaruva; ta, கொழும்பு பங்கு பரிவர்த்தனை) i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Sri Lanka
This is a list of banks in Sri Lanka. Central Bank *Central Bank of Sri Lanka Licensed Commercial Banks # Amana Bank #Bank of Ceylon #Bank of China # Cargills Bank #Citibank #Commercial Bank of Ceylon #Deutsche Bank #DFCC Bank # Habib Bank #Hatton National Bank #Indian Bank #Indian Overseas Bank #MCB Bank #National Development Bank #Nations Trust Bank #Pan Asia Bank # People's Bank #Public Bank Berhad #Sampath Bank #Seylan Bank #Standard Chartered Bank #State Bank of India #The Hong Kong and Shanghai Banking Corporation (HSBC) #Union Bank of Colombo Source: Central Bank, March 2021 Licensed Specialised Banks # Housing Development Finance Corporation Bank of Sri Lanka (HDFC) # National Savings Bank #Regional Development Bank (Pradheshiya Sanwardhana Bank) # Sanasa Development Bank #Sri Lanka Savings Bank #State Mortgage and Investment Bank Source: Central Bank, September 2020 Licensed Finance Companies # Abans Finance # Alliance Finance Company # AMW Capital Leasing and Fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associated Newspapers Of Ceylon Limited
Associated Newspapers of Ceylon Limited (ANCL), also known as Lake House. It publishes three daily, three weekend, five weekly, two monthly and three annual publications in Sinhala, English and Tamil. Associated Newspapers of Ceylon Limited is a public limited liability company incorporated in Sri Lanka in 1926 by its founder D. R. Wijewardena. 75% of its shares were Nationalized under the Associated Newspapers of Ceylon Limited (Special Provisions) Law No. 28 of 1973 and this stake is held by the Public Trustee of Sri Lanka on behalf of the Government. Lake House is Sri Lanka's oldest publication company. Its '' Daily News'' English daily was the first Sri Lankan newspaper to be published on-line. At present ''Dinamina'', Resa, ''Daily News'', ''Thinakaran'', ''Sunday Observer'', . '' |
Sunday Observer (Sri Lanka)
''Sunday Observer'' is a weekly English-language newspaper in Sri Lanka, published on Sundays. The ''Sunday Observer'' and its sister newspapers the '' Daily News'', ''Dinamina'', ''Silumina'' and ''Thinakaran'' are published by Associated Newspapers of Ceylon Limited (Lake House), a government-owned corporation. The paper, which was established in the present-day format in 1928, has roots that date back to 1834 when Sri Lanka was under the British rule. It is the oldest Sri Lankan newspaper in circulation apart from the ''Government Gazette''. The current Editor is Dharisha Bastians. History Origins The British captured the coastal areas of Sri Lanka in 1796 and had consolidated their power throughout the island by 1818. In 1829 the Colonial Office appointed the Colebrooke-Cameron Commission to evaluate the administration of the country under the Governor of Ceylon, Edward Barnes, and to recommend reforms. The commission's recommendations, presented in 1833, marked the begi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JAT Holdings
JAT Holdings PLC is a Sri Lanka based multinational paint company headquartered in Thalawathugoda, Sri Lanka. The company is engaged in the business of manufacturing, selling and distribution of paints, wood coatings and products related to the retail and industrial sectors. As of 2016, it has the largest market share with 75% in the Sri Lankan paint industry. History The company was started in 1993 by Aelian Gunawardene and named the company from the initials of the three founding brothers. The company first became the principal agent of the Italian multinational company Sayerlack and introduced polyurethane coatings in Sri Lanka. In 2002, the company set up a large scale manufacturing plant in Kahathuduwa. In 2015, the company acquired Ceynox Networks, an information technology company and created the JAT Technologies. In 2017, the company signed cricketer Rangana Herath Herath Mudiyanselage Rangana Keerthi Bandara Herath ( si, රංගන හේරත්; ta, ரங்க ... [...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] |
The 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 The List of newspapers in Sri Lanka lists every daily and non-daily news publication currently operating in Sri Lanka. The list includes information on whether it is distributed daily or non-daily, and who publishes it. For those newspapers that ar ... 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] |
2019–present Sri Lankan Economic Crisis
The Sri Lankan economic crisis is an ongoing crisis in the island-state of Sri Lanka that started in 2019. It is the country's worst economic crisis since its independence in 1948. It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. The crisis is said to have begun due to multiple compounding factors like tax cuts, money creation, a nationwide policy to shift to organic or biological farming, the 2019 Sri Lanka Easter bombings, and the impact of the COVID-19 pandemic in Sri Lanka. The subsequent economic hardships resulted in the 2022 Sri Lankan protests. Sri Lanka had been earmarked for sovereign default, as the remaining foreign exchange reserves of US$1.9 billion as of March 2022 would not be sufficient to pay the country's foreign debt obligations for 2022, with $4 billion to be repaid. An International Sovereign Bond repayment of $1 billion ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Rating
A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. The credit rating represents an evaluation of a credit rating agency of the qualitative and quantitative information for the prospective debtor, including information provided by the prospective debtor and other non-public information obtained by the credit rating agency's analysts. Credit reporting (or credit score) – is a subset of credit rating – it is a numeric evaluation of an ''individual's'' credit worthiness, which is done by a credit bureau or consumer credit reporting agency. Sovereign credit ratings A sovereign credit rating is the credit rating of a sovereign entity, such as a national government. The sovereign credit rating indicates the risk level of the investing environment of a country and is used by investors whe ... [...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] |
