Finance Probe
July 05, 2007 (LBO) – A presidential commission of inquiry probing the collapse of a string of finance companies in Sri Lanka has begun questioning …
July 05, 2007 (LBO) – A presidential commission of inquiry probing the collapse of a string of finance companies in Sri Lanka has begun questioning …
July 05, 2007 (LBO) – HSBC has tied up with Singer Sri Lanka, a household durables firm, to use its network of outlets to collects payments for credit …
July 04, 2007 (LBO) – Sampath Bank has completed a debenture issue to raise 250 million rupees, the bank told the Colombo Stock Exchange. The money will …
July 03, 2007 (LBO) – HSBC Bank in Sri Lanka is looking to finance two large transport sector projects with private sector involvement which will spawn …
July 02, 2007 (LBO) – A new rule by Sri Lankan stock market regulators that limits brokering credit for investors should ensure more stability and …
July 1, 2007 (LBO) – Sri Lanka's pioneer leasing firm, Lanka Orix Leasing Company (LOLC), is looking to spread its wings under a new brand, officials …
June 29, 2007 (LBO) – A UK-based hedge fund is entering Sri Lanka and has sought a listing in the Colombo Stock Exchange through the purchase of a listed …
June 26, 2007 (LBO) – Sampath Bank is raising 1.5 billion rupees through an unsecured debenture which Fitch has rated AA- (lka), but the rating agency …
June 25 (LBO) – A new board of directors has been appointed to state-owned SME Bank as a first step in a proposed take-over by Lankaputhra Development …
June 21, 2007 (LBO) – A 5-year, two billion rupee debenture issue of DFCC Bank has been assigned a rating of AA (lka) while the bank's long-term rating …
June 21, 2007 (LBO) – Sri Lanka is to merge two state banks created as a result of election promises in the recent past, but keep a regional banking …
June 19, 2007 (LBO) – Institutional investors in Sri Lanka's small stock market still lack the strength to influence managements of listed firms on …
June 18, 2007 (LBO) – Seylan Merchant Bank said it was unable to pay a dividend proposed earlier, following a solvency test specified in a new company …
June 17, 2007 (LBO) – Sri Lanka's insurance industry has voiced concern over a recent proposal by regulators to transfer the Strike, Riot, Civil …
June 12, 2007 (LBO) – Sri Lanka should widen its tax base and practice fiscal discipline instead of heavily taxing a few sectors like the financial …
June 12, 2007 (LBO) – A controlling stake in the listed financial firm, Asia Capital was bought by a consortium led by Asia Fort Asset Managment, with …
June 8, 2007 (LBO) – The cellular operator Mobitel has raised five billion rupees through a syndicated loan to fund its expansion into rural Sri Lanka, …
June 7, 2007 (LBO) – DFCC Bank has been asked to cut its 28.98 percent stake in Commercial Bank to 15 percent under Sri Lanka's banking laws, the …
June 5, 2007 (LBO) – Fitch Ratings has upgraded PABC Bank, a Sri Lankan commercial bank to an investment grade BBB- (lka) with the stable outlook, the …
June 01, 2007 (LBO) – Sri Lanka's insurance policy lapse rate is far too high and might mean the industry's sales pitch is overenthusiastic, an …