Fitch affirmed Capital Alliance Investment Grade Fund's national credit rating 'BBf(lka)' and market risk sensitivity rating 'S4(lka)' and then withdrew the ratings for commercial reasons. The open-end fixed-income fund is managed by Capital Alliance Investments Ltd (majority-owned by Capital Alliance PLC) and mainly invests in term deposits and securities of Sri Lankan banks and NBFIs.
Colombo bourse traded mixed midday with the ASPI down 0.12% to 21,203.70 and market turnover at Rs200.5mn, led by capital goods (Rs58.5mn). Commercial Bank said its Basel III subordinated debentures will be listed on July 30, 2026; JAT Holdings declared a final dividend of Rs0.72 (ex-div Aug 7, 2026).
Capital Alliance PLC (CALT.N0000) borrowed Rs. 3.6 billion of related-party commercial paper (Rs.2.1bn from CAL Fixed Income Opportunities Fund, Rs.1.5bn from CAL Five Year Closed End Fund) at 10% p.a., maturing 12 June 2026, to boost liquidity.
Rockland Group appointed Tharindra Kulasinghe as a Non-Executive Director effective immediately; he will continue as Chief Information Officer of Capital Alliance PLC and brings over 16 years of technology and digital experience.
IT & DigitalConsumer Staples (FMCG)
Ada Derana·May 12, 2026·Management or board change
Rockland Group has appointed Tharindra Kulasinghe as a Non-Executive Director, effective immediately. He will continue to serve as Chief Information Officer of Capital Alliance Limited (CAL).
Sri Lanka Insurance denied allegations about its participation in the 9 April 2026 Treasury Bond auction, saying it invested Rs.6 billion (Rs.2bn in the 1 Jul 2030 bond, Rs.3bn in the 15 Jun 2034 bond and Rs.1bn in the 1 Jul 2037 bond) with approvals in place and will pursue legal action over false claims.
Interest Rates
Ada Derana·Mar 17, 2026·Award or certificationPositive
CFA Society Sri Lanka will host Career Fest 2026 on 27 March 2026 in Colombo to connect students and early-career finance professionals with employers and sponsors including John Keells, Commercial Bank, HNB, Hayleys, DFCC and Capital Alliance. The event features sessions on the CFA Program, AI in finance and networking opportunities.
CA Sri Lanka held a forum warning that prolonged Middle East instability could spike oil prices and disrupt remittances, tourism and tea exports, raising inflation, exchange-rate volatility and risks to the banking/financial sector.
Fuel & Energy PricesRupee & ForexTourism
Ada Derana·Mar 13, 2026·Management or board change
The Unit Trust Association of Sri Lanka appointed a new Board led by Jeevan Sukumaran (SENFIN Asset Management) as President. The Board will focus on investor education, digital accessibility, product innovation (index funds, ETFs, Shariah funds) and tax transparency for unit holders.
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