Commercial Bank launches a Credit Card exclusively for SMEs
The Commercial Bank of Ceylon has given fresh expression to its commitment to Small & Medium Enterprises (SMEs) with the launch of an exclusive …
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Acting Ambassador for China calls on State Minister Ajith Nivard Cabraal
Acting Ambassador for China Hu Wei led a Delegation on a courtesy call on the State Minister Ajith Nivard Cabraal at the Finance Ministry this …
E-Registry proposal by the DCS satisfies a much-needed reform for MSEs : Advocata
Aug 24, 2020 (LBO) - The Advocata Institute commends the decision taken by the Department of Census and Statistics (DCS) to launch an e-registry …
Oil Palm industry calls for urgent engagement with Govt. over-cultivation ban
Aug 24, 2020 (LBO) - The Palm Oil Industry Association (POIA) has said in a statement that while it respects the decisions relating to the industry …
Pearl Energy to set up LNG Hub in Hambantota; aims LNG trading in the region
Aug 24, 2020 (LBO) – The Board of Investment of Sri Lanka has signed an agreement with Pearl Energy (Pvt) Ltd to launch ‘Hambantota LNG Hub’ …
Sampath Bank becomes youngest to achieve Rs. 1 trillion in assets, in just 33 years
Aug 24, 2020 (LBO) – Sampath Bank recently announced that its asset base has surpassed Rs. 1 trillion, making it the youngest bank in Sri Lanka to …
I can accept the challenge of leading United National Party: Karu Jayasuriya
Aug 24, 2020 (LBO) – Former Speaker Karu Jayasuriya says that he can accept the challenge of leading the United National Party for the betterment …
Central Bank extends deadline of application for Working Capital Loan Scheme
Aug 21, 2020 (LBO) – The Monetary Board of the Central Bank has decided to extend the deadline of 4% Working Capital Loan Scheme. Accordingly, …
Constitutional reforms must strengthen democracy: Former Speaker
Aug 21, 2020 (LBO) – Former Speaker Karu Jayasuriya emphasizes that the government needs to protect and enhance the essence of democracy embedded …
Central Bank sets up Financial Consumer Relations Dept to handle all external complaints
Aug 21, 2020 (LBO) – The Central Bank of Sri Lanka (CBSL) has established a new department named “Financial Consumer Relations Department” …
Digging of new Mutwal Storm Water Drainage Tunnel completed helping Colombo flood control
Aug 21, 2020 (LBO) – The breakthrough ceremony of the new Mutwal Storm Water Drainage Tunnel was held today under the patronage of State Minister …
Fitch rates Seylan Bank’s senior debt ‘A(lka)(EXP)’ & Basel III sub debt ‘BBB+(lka)(EXP)’
Aug 21, 2020 (LBO) – Fitch Ratings Lanka has assigned Seylan Bank's proposed senior debentures an expected National Long-Term Rating of …
Colombo Stock Brokers Association commends appointment of a special minister
Aug 21, 2020 (LBO) – The Colombo Stock Brokers Association (CSBA) extends its congratulations and best wishes to the new government and …
Our first task will be to remove 19th Amendment: President (Full Speech)
Aug 20, 2020 (LBO) – Sri Lanka's President Gotabaya Rajapaksa emphasizes that their first task will be to remove the 19th Amendment to the …
Softlogic Finance to infuse Rs. 1.9Bn capital through a Rights Issue
Aug 20, 2020 (LBO) – Softlogic Finance, a subsidiary of Softlogic Capital has announced a capital infusion of Rs. 1.9 Billion by way of a Rights …
Sri Lanka vehicle registrations likely to slow in August due to stockouts: Report
Aug 20, 2020 (LBO) - Vehicle registrations in July were only slightly down from June but remain at healthy levels indicative of existing inventory …
Concept Paper: Economic oasis (Arthika Dupatha)
By Dr. Anton Balasuriya: Abstract This paper details the concept of economic development to jump start the rural economy and alleviate poverty beyond …
Mahinda Yapa Abeywardena unanimously elected as Speaker of ninth Parliament
Aug 20, 2020 (LBO) – Matara District Parliamentarian Mahinda Yapa Abeywardena unanimously elected as the Speaker of the ninth Parliament. Leader of …
Enhanced focus on import substitution will have significant implications on a longer horizon: CBSL
Aug 20, 2020 (LBO) – The Monetary Board of the Central Bank believes that the enhanced focus on domestic production for import substitution as well …
CBSL revises down caps on interest rates on credit cards, overdrafts & pawning facilities
Aug 20, 2020 (LBO) – Considering bank lending rates of certain financial products which continue to remain high, the Central Bank has decided to …
Central Bank to continue its accommodative monetary policy stance
Aug 20, 2020 (LBO) – The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 19 August 2020, has decided to maintain the SDFR …
Seylan Bank: Alternative Small Business Export Loan Funding Made Simple
Small and medium-sized enterprise turn into big businesses Today's start-ups are tomorrow's industry leaders, provided they can manage their early …
State Minister Tharaka Balasuriya reiterates need to reinforce ties with Asia
Aug 19, 2020 (LBO) – State Minister of Regional Co-operation Tharaka Balasuriya highlights the importance of regional cooperation within Sri …
Opinion: Domestic payment cards drive economic and social benefits
By LankaClear Groundbreaking research carried out in five major continents across the world by Anthemis Group has found that domestic card schemes …