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Assetline Finance announces first-ever Rs. 5 b 'A' rated, listed, senior debenture issue

Daily FT

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September 29, 2025

ASSETLINE Finance Ltd., (AFL), the flagship company under the financial services pillar of David Pieris Holdings, has announced the intention to raise up to Rs. 5 billion through an inaugural issuance of listed, rated, unsecured, senior, redeemable debentures in 2025.

The landmark initiative marks the company's firstever entry into the listed debt capital market, reflecting AFL's commitment to diversifying funding sources and strengthening long-term growth.

The proposed issue will comprise up to 50 million debentures at a face value of Rs. 100 each, with a tenor of five years. The issuance is subject to obtaining all necessary regulatory approvals, and upon approval, the debentures are expected to be listed on the Colombo Stock Exchange.

MEER VERHALEN VAN Daily FT

Daily FT

Daily FT

The Ritz-Carlton Yacht Collection makes maiden call to Sri Lanka with Aitken Spence

Visit reinforces Sri Lanka as ideal multiport destination for luxury travellers

time to read

2 mins

December 15, 2025

Daily FT

Cyclone-affected large-scale industries' struggle under spotlight

SRI Lanka's struggle to revive large-scale manufacturing industries affected by Cyclone Ditwah came under spotlight recently at a high-level review involving the Industry and Entrepreneurship Development Ministry and top corporates.

time to read

1 mins

December 15, 2025

Daily FT

LB Finance to set up subsidiary in Philippines

LB Finance PLC has decided to establish a wholly owned subsidiary in the Republic of Philippines, under the name 'LB Finance Philippines Inc.,' with an initial investment of $ 650,000 to engage in the provision of financial services.

time to read

1 min

December 15, 2025

Daily FT

Daily FT

Cabinet clears two major health sector procurements to strengthen critical care and essential drug supplies

IN a move aimed at boosting the country's health system and ensuring continuity in critical patient care, the Cabinet of Ministers last week approved two key procurements involving spinal surgery equipment and essential medication for anaemia and thalassemia patients.

time to read

1 min

December 15, 2025

Daily FT

Private borrowings hit new high in Oct.

TOTAL private sector borrowings in October 2025 spiked to a record Rs. 246.10 billion, resulting in the total outstanding amount reaching Rs. 9.76 trillion, up 24.1% from a year ago.

time to read

2 mins

December 15, 2025

Daily FT

Daily FT

Presidential authority in times of emergency: A contemporary appraisal

ONE of the great challenges of modern public law is to reconcile traditional principles relating to the rule of law and the separation of powers with the exigencies of crises which threaten the destruction of society itself.

time to read

18 mins

December 15, 2025

Daily FT

Daily FT

SLMLBC expresses gratitude to people and Govt. of Maldives

THE Sri Lanka-Maldives Business Council (SLMLBC) has extended its deepest appreciation to the Government and the people of the Maldives for the extraordinary solidarity and generosity extended to Sri Lanka in the aftermath of the recent cyclone.

time to read

1 min

December 15, 2025

Daily FT

Daily FT

Budget deficit down 60% YTD Oct., primary surplus exceeds Rs. 1.6 t

AS the Government engages in post-Ditwah recovery efforts, for which it is seeking an additional Rs. 550 billion spending bill along with additional International Monetary Fund (IMF) financing, data for the first 10 months of 2025 showed Sri Lanka's fiscal performance continued to strengthen, with the Budget deficit contracting by nearly 60% from a year ago and the primary surplus exceeding Rs. 1.6 trillion.

time to read

2 mins

December 15, 2025

Daily FT

Daily FT

US Envoy discusses SL's National Research and Development Policy

US Ambassador to Sri Lanka Julie Chung held a discussion on Sri Lanka’s National Research and Development Policy and other matters with President’s Senior Adviser on Science and Technology Prof.

time to read

1 min

December 15, 2025

Daily FT

Govt. disburses over Rs. 13 b in relief

Treasury Secretary Dr. Harshana Suriyapperuma says 'Rebuilding Sri Lanka' efforts intensifying

time to read

2 mins

December 15, 2025

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