VIDEO INTERVIEW: Decision Makers in Sri Lanka – Dr. Kishu Gomes
“It does not make any economic sense for the country to send out 200 housemaids to bring back the value taken away by one single CEO and that is …
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Sampath Bank records PAT of Rs.7Bn for first half of 2021
Financial results of Sampath Bank for the 1st Half of 2021 Sampath Bank posted a profit after tax (PAT) of Rs 7 Bn for the first half of 2021, …
Hemas Group reports operating profit of 1.1Bn delivers strong Q1 performance
Hemas Holdings PLC (HHL) delivered yet another strong quarter amidst challenging operating environment conditions with key businesses gaining …
Sri Lanka Banks’ National Ratings Constrained by Sovereign Rating: Fitch
The National Ratings on Sri Lankan banks remain constrained by the sovereign credit profile (CCC), Fitch Ratings says. The highest National Rating …
Aitken Spence records stellar performance in 1Q from non-tourism sectors
Aitken Spence PLC made an impressive comeback in the first quarter ending 30th June 2021 by recording a 145% increase in Profit Before Tax (PBT) …
Nations Trust Bank Delivers Strong Performance While Continuing To Support Nation’s Economic Revival
Nations Trust Bank continued to demonstrate its resilience in performance during the year. The loan portfolio increased by LKR 26 billion recording a …
ComBank notches 3rd Rs 1 Trillion mark in Balance Sheet in dynamic Q2
A strong second quarter, during which its loan book crossed the milestone of Rs 1 trillion, another first by a local private bank, has generated …
European Union & WHO provide critical support to Sri Lanka as pandemic continues
Critical emergency medical equipment has been made available to 78 hospitals across the country for the COVID-19 response through a partnership …
JAT Holdings commences trading at Colombo Stock Exchange
Following a successful Initial Public Offering (IPO), JAT Holdings Limited commences trading of shares today (12). Oversubscribed on the first day, …
Video Interview: Women in leadership – Sandra De Zoysa
In this women in leadership interview series, LBO will connect with some of the most successful female leaders and entrepreneurs in Sri Lanka, to …
TISL Calls for Appointment of an Independent RTI Commission in September
The tenure of the Right to Information (RTI) Commission which is the central oversight and appellate body established under the Right to Information …
JAT Holdings to reap benefits of manufacturing in Bangladesh ahead of schedule
JAT Holdings Limited, Sri Lanka’s trusted industry leader in finishing and furnishing, witnesses immense organizational progress fueled by the …
Transforming Sri Lanka into a Startup Nation
Post COVID19, Sri Lanka will be in an ideal position for a major pivot away from its old safety net of traditional investments. With global trends …
Fitch assigns Asia Securities first-time rating of ‘BBB-(lka)’; Outlook stable
Fitch Ratings has assigned Asia Securities (Pvt) Ltd (ASPL) a National Long-Term Rating of 'BBB-(lka)'. The Outlook is Stable. ASPL is a prominent …
PUCSL reaches 100-pct success rate in North Central province with consumer mobile service
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator reached a 100 percent success rate in solving more than 350 …
Central Bank streamlines complaint handling procedure; introduces hotline
The Financial Consumer Relations Department (FCRD) established under the provisions of Section 33 of the Monetary Law Act No. 58 of 1949, as amended, …
Sri Lanka Tourism attracts over USD950Mn in investment despite pandemic
Foreign investment is a key driver of economic growth, as is the revenue generated via tourism. As one of its primary exports, tourism remains Sri …
UK’s CDC Group commits USD50Mn to ComBank to bolster SME lending and climate projects
Facility to target funding directly at underserved SMEs, boost jobs and promote economic and social inclusion across Sri Lanka Supports development …
Opinion: X-Press Pearl Disaster & Imperative for Regional Maritime Cooperation
By Githmi Rabel On 20 May 2021, Sri Lanka’s worst-ever marine disaster occurred when a fire erupted on the Singapore-registered MV X-Press Pearl …
Fitch Downgrades AMW Capital Leasing And Finance to ‘A(lka)’; Outlook Negative
Fitch Ratings has downgraded AMW Capital Leasing And Finance PLC's (AMWCL) National Long-Term Rating to 'A(lka)', from 'AA-(lka)'. The Outlook is …
Sunshine Holdings records 54% top-line growth in 1Q with acquisitions in Healthcare & Consumer
Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) continued to demonstrate resilience amidst prevailing macro-economic conditions …
Sri Lanka to jointly commemorate India’s 75th Independence Day
High Commissioner of India to Sri Lanka Gopal Baglay called on Foreign Minister Dinesh Gunawardena on 03 August, 2021. Minister Gunawardena …
Facebook Marketplace Comes to Sri Lanka
Facebook has announced that Facebook Marketplace is now available in Sri Lanka, making it easier for people to discover, buy and sell items from …