Sri Lanka’s government makes MCC review final report public
Jun 28, 2020 (LBO) – Sri Lanka's government has published the final report by the Expert’s Committee appointed to review the proposed Millennium …
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Sri Lanka’s curfew completely lifted
Jun 28, 2020 (LBO) – Sri Lanka's curfew has completely been lifted effective from today, June 28th Sunday, the President’s Media Division said. …
People’s Bank set to boost SMEs with Rs. 15bn allocation for loans at 6-pct
In line with the Government's development programme and with the aim of uplifting the small and medium businesses adversely affected by the COVID-19 …
Second stage of compensation payments to The Finance Company depositors
Jun 26, 2020 (LBO) – Sri Lanka's Central Bank has taken measures to commence the second stage of the compensation payments to the depositors of The …
Enactment of Microfinance & Credit Regulatory Authority law vital: CBSL
Jun 26, 2020 (LBO) – Central Bank reiterates the requirement for the enactment of a legal framework to regulate unregulated moneylending activities …
Bank of Ceylon disburses loan facilities over Rs. 4bn thus far
Jun 26, 2020 (LBO) – As the Sri Lankan business community struggles to recover from the devastating effects of the COVID-19 economic impact, the …
SL Treasury, Central Bank should consider credit guarantees for Covid-19 distressed bank loans
By the Advocata Fellows: Liquidity injections will impact forex market and debt repayments Even though Sri Lanka’s economy has opened up, …
ComBank further slashes lending rates
Jun 26, 2020 (LBO) - The Commercial Bank of Ceylon has announced a further lending rate cut, slashing rates by up to 2 percent on all categories of …
Central Bank sets record straight about COVID-19 relief measures announced so far
Jun 26, 2020 (LBO) – Sri Lanka's Central Bank yesterday published a detailed statement which contains operational and policy measures undertaken by …
Pakistan PM commends efforts made by Sri Lanka to fight Covid-19 pandemic
Jun 26, 2020 (LBO) – Pakistan's Prime Minister Imran Khan has commended the efforts made by Sri Lanka to fight the Covid-19 pandemic during a …
MCC review final report presented to President; report to be published
Jun 25, 2020 (LBO) – The final report of the Expert’s Committee appointed to review the proposed Millennium Challenge Corporation Compact (MCC) …
Kasturi Wilson to succeed Steven Enderby as CEO of Hemas
Jun 25, 2020 (LBO) – Hemas Holdings announced the appointment of Kasturi Chellaraja Wilson as Group Chief Executive Officer, effective 1st October …
Sampath Bank ‘Revive Sri Lanka’ offers special low-interest business loans
Jun 25, 2020 (LBO) – Sampath Bank has rolled out a host of special business loans and gold loans under its Revive Sri Lanka initiative at a …
SriLankan Airlines converts passenger aircraft to full freighter supporting exporters
Jun 25, 2020 (LBO) – SriLankan Airlines has converted a wide-body passenger aircraft into a dedicated cargo aircraft to support export industries …
Sri Lanka inaugurates new ADB funded COVID-19 test lab
Jun 25, 2020 (LBO) - The Asian Development Bank (ADB) has funded the construction and equipment of a new molecular polymerase chain reaction (PCR) …
SL should aim for V-shaped economic recovery post COVID 19 : Cabraal
Jun 25, 2020 (LBO) - Ajith Nivard Cabraal, advisor to the Prime Minister on Economic Affairs says that Sri Lanka should aim for V-shaped economic …
President sets one-year deadline for Lanka Salt to be profitable
Jun 24, 2020 (LBO) – President Gotabaya Rajapaksa has given one year’s time to Lanka Salt Limited which runs at a loss since 2018 to earn a …
Central Bank approves Rs. 28bn loans at 4-pct among 13,861 businesses; Phase-II ready
Jun 24, 2020 (LBO) – Sri Lanka's Central Bank says that they have approved 13,861 loan applications under the Phase-I of Saubagya Covid-19 Scheme …
Sri Lanka tourism post COVID-19 – way forward
Jun 24, 2020 (LBO) - Following Sri Lanka’s successful containment of COVID-19, Sri Lanka Tourism has been collaboratively exploring avenues of …
Nations Trust Bank launches Rs.7Bn “Nations Diriya” fund to support economic revival
Jun 24, 2020 (LBO) – Nations Trust Bank announced the launch of 7 Billion rupees internally generated funds dedicated to extending financial …
President wants media to help preserve national identity and cultural values
Jun 24, 2020 (LBO) - President Gotabaya Rajapaksa highlighted the necessity of right media practice that helps preserving Sri Lankan identity and …
Sri Lanka’s external strains set to persist beyond elections: Fitch Ratings
Jun 24, 2020 (LBO) – Sri Lanka’s stressed external liquidity position is set to remain a weakness for the country’s credit profile, says Fitch …
John Keells Holdings secures USD 175 mn long-term financing facility from IFC
Jun 23, 2020 (LBO) – Sri Lanka's diversified John Keells Holdings on Tuesday entered into a long-term financing agreement with the International …
How to determine the best cloud service provider for your business.
As the COVID-19 pandemic encouraged most businesses to shift to remote work environments, it’s the cloud that made this possible. Although …