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Capital Alliance enters Bangladesh merchant banking

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Capital Alliance (CAL) –Sri Lanka’s leader in Capital Market services entered into an investment and partnership agreement with Bangladesh’s BetaOne Investments Limited.

With the formalization of this agreement and its entry to Bangladesh, CAL continues its ambitious yet resolute journey to realize its vision to be ‘The No.1 Investment Bank in Frontier Markets’.

Established in 2011, BetaOne Investments Limited is a leading licensed merchant bank in Bangladesh offering a wide range of financial solutions for both individual and institutional investors.

Under the agreement, CAL will own a significant equity interest in BetaOne Investments Limited and will partner with the current group of shareholders which includes a handful of highly reputed family businesses and professionals in Bangladesh.

BetaOne expects to roll out a full spectrum of Merchant Banking services over the coming months including Mergers & Acquisitions advisory, Debt Capital Markets, Equity Capital Markets, Wealth Management and Margin lending.

CAL was advised on this transaction by Ace Advisory, a leading advisory firm in Bangladesh providing Corporate Advisory and other financial services.

“We are pleased to announce our second entry-point into Bangladesh, having obtained a TREC from the Dhaka Stock Exchange earlier this month. This is a significant milestone in CAL’s venture into other regional frontier markets” commented Ajith Fernando, Group CEO at Capital Alliance. “Bangladesh is expected to be one of the fastest growing economies in the world over the next decade and we are excited to be able to play a part in the evolution of its capital markets. Our partnership with BetaOne will enable us to offer high quality financial solutions to family businesses in Bangladesh who are seeking fresh avenues for growth whilst also offering our international clientele lucrative investment opportunities in a fast-growing market. Sri Lankan Companies have also historically enjoyed good business relations in Bangladesh and we hope to create greater market access for them as they continue to invest and expand globally.”

“What we sought for in an investment partner was a shared purpose to elevate the benchmark for capital markets solutions in the region, founded on a strong set of values that are integral for growth and sustainability in the financial services sector. We are excited to find a likeminded partner in CAL, so that together, we can offer clients competitive advantage at a regional scale,” BetaOne Chairman Zulfiquar Rahman commented.

CAL’s market leading insights and its focus on building long term relationships with family businesses sets it apart from other market players in this space. BetaOne expects to extend this same emphasis in Bangladesh as well.

CAL first entered the Sri Lankan market in 2000 as a licensed primary dealer, rapidly evolving into one of only five non-bank licensed primary dealers in the country. The company has grown over the past two decades to become the market leader in Investment Banking services, offering a growing list of solutions including Wealth Management, Equity & Debt Capital Markets, Mergers & Acquisitions Advisory, Stockbrokering, Fixed Income trading and Private Equity.



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.

The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.

Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.

The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.

The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.

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CEAT Kelani retains AA+ rating for sixth year

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CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.

The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.

Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.

The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.

Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.

The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.

CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.

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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.

Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.

The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.

Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.

The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.

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