“GLX Digital Evolver” powers transformation of tourism through digital evolution
Good Life X (GLX) in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Sri Lanka - via ‘GLX Digital Evolver’ …
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Sri Lanka’s headline inflation increased to 6.8-pct in July 2021
Headline inflation, as measured by the National Consumer Price Index has increased to 6.8 percent in July 2021 from 6.1 percent in June 2021 driven …
ASPI surpasses fair value; reduce equity exposure to 65-pct: First Capital Research
With the ASPI surging past the 8,000 mark for the 2nd time in 2021 and taking into account the economic uncertainties that exist, First Capital …
First Capital Implements Digital Onboarding for Unit Trusts & Govt Securities for first time in SL
Breaking barriers in the non-bank financial services space, First Capital introduces ’digital onboarding’ to facilitate non-face-to-face Account …
Full speech: President Gotabaya Rajapaksa’s special address to nation
The Most Venerable Maha Sangha, Religious Leaders of other faiths, Friends, The accepted opinion of the World Health Organization (WHO), the majority …
Island-wide quarantine curfew from tonight to August 30
Army Commander General Shavendra Silva says that a decision has been taken to impose quarantine curfew across the island with effect from 10.00 p.m. …
Sri Lanka’s exports surpassed USD 1bn mark in July after four months
Sri Lanka’s exports have surpassed the $ 1 billion mark in July after four months’ time period where a similar achievement was recorded in March …
No new restrictions for making payments in foreign exchange on credit or debit cards: Central Bank
The public is informed that the Central Bank has not introduced any new restrictions on the use of EFTCs, i.e., credit cards, debit cards and other …
STEMUP Educational Foundation unveils fully-automated Volunteer Management System
STEMUP Educational Foundation, the non-profit organization with a focus on furthering Scientific, Technological, Engineering, and Mathematical (STEM) …
Sampath Bank Introduces Sri Lanka’s First Touchless Cash Withdrawals Across Its ATM Network
Sampath Bank announced the introduction of Touchless Cash Withdrawals at Automated Teller Machines (ATMs) for the first time in Sri Lanka, and …
Companies mobilize over Rs 75Bn in first 7 months of 2021 via capital market: CSE
The Colombo Stock Exchange (CSE) has showcased a strong growth trajectory in Capital Raising by Sri Lankan corporates of all scales during the first …
CBSL tightens monetary policy to curb inflationary pressures; rectify external sector imbalances
Sri Lanka's Central Bank has tightened its monetary policy stance to address the imbalances in the external sector and to preempt the buildup of …
IFC & Hemas Pioneer New Digital Health Program to Boost Access to Affordable Health-Care Services
Sri Lanka will become the first country to benefit from an IFC global initiative designed to boost access to affordable and quality health-care …
Opinion: Young entrepreneur finds worth in plastic waste
Pathum’s love towards keeping the environment plastic-free drives his passion for implementing a viable system for waste collection in Sri Lanka …
EFL 40th Anniversary: Celebrating milestones and looking to the future
The Environmental Foundation (Guarantee) Limited (EFL), Sri Lanka’s first public interest organization working on environmental protection and …
Licensed Banks have not been asked to “Devalue” Sri Lanka Rupee: Central Bank
The Central Bank said it has observed messages being circulated claiming that licensed banks have been officially asked to devalue the Sri Lanka …
China Development Bank agrees to provide RMB 2Bn term facility to Sri Lanka
China Development Bank and Sri Lankan Government have entered into an agreement of RMB 2 Billion (approx LKR 61.5 Billion) Term Facility today, the …
![ICRA reaffirms issuer rating of Union Bank at [SL] BBB with stable outlook](https://www.lankabusinessonline.com/wp-content/uploads/2015/09/ICRA-lanka-rating.jpg "ICRA reaffirms issuer rating of Union Bank at [SL] BBB with stable outlook")
ICRA reaffirms issuer rating of Union Bank at [SL] BBB with stable outlook
Rating action ICRA Lanka Limited has reaffirmed the Issuer Rating of Union Bank of Colombo PLC (“UBC”/ “the Bank”) at [SL]BBB (pronounced as …
First Capital posts PAT of LKR 136mn for first quarter of 2021/22
First Capital Holdings PLC (the Group), a member of the Janashakthi Group recorded a Profit after Tax of LKR 136Mn for the first quarter of 2021 (1st …
Co-Operative Insurance announces upcoming IPO to cap off commanding annual performance
Leading Sri Lankan insurer Co-Operative Insurance, recently announced their plans to go for its first Initial Public Offering (IPO) in 2021 following …
President reshuffles the Cabinet of Ministers
President Gotabaya Rajapaksa today (16) reshuffled the Cabinet of Ministers as follows. G. L. Peiris - Minister of Foreign AffairsDinesh Gunawardena …
Only 10-pct probability for a rate hike at upcoming policy review: First Capital Research
First Capital Research believes that there is a significant probability (90%) to hold policy rates due to the considerable improvement in …
HNB yet again delivers sustainable business performance
Hatton National Bank (HNB PLC) continued to demonstrate resilience amidst volatile conditions, posting a Profit Before Tax (PBT) of Rs 10.9 Bn and a …
Dragonboats come to Jaffna
By Jekhan Aruliah Northwind Projects, a team promoting sporting and other activities in the Northern Province, successfully brought together the Sri …