Fitch downgrades Bank of Ceylon to ‘CCC’ on sovereign downgrade
Dec 08, 2020 (LBO) – Fitch Ratings has downgraded Bank of Ceylon's (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to 'CCC', from …
Banking and Finance
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ABCs of investing in Sri Lankan real estate
By Lanka Property Web Imagine overlooking the crashing beach waves and feeling the cool ocean breeze stroking your cheeks as you sip on a cup of tea from the …
More female riders could boost revenues for ride-hailing in Sri Lanka, finds new IFC study
Dec 03, 2020 (LBO) – Annual revenues for ride-hailing in Sri Lanka could increase by more than a quarter if gaps between men and women’s ridership were …
Standard Chartered supports SL’s economic recovery via financing facilities for PPE manufacturers
Dec 02, 2020 (LBO) - Standard Chartered Sri Lanka announced today the facilitation of financing for Industrial Clothing Limited (Midas Safety Sri Lanka) as …
Private sector an equal partner in economic revival: Dr. Hans Wijayasuriya
Dec 02, 2020 (LBO) - Chairman of the Ceylon Chamber of Commerce has called on the private sector to be an equal partner in securing an accelerated economic …
Sampath Bank offers attractive loans for commercial & residential solar power projects
Extending its support to the Sri Lankan Government’s intention to increase the use of solar power among commercial and residential sectors, Sampath Bank PLC …
Sustainable blue-economy is future of Bay of Bengal region
Addressing a special BIMSTEC public event held on 20- 21 November 2020 in Bangkok, Sri Lanka’s Ambassador to Thailand Samantha K. Jayasuriya said that Sri …
Asia Securities wealth management launches new money market fund
Asia Securities Wealth Management (Pvt) Ltd., the investment management arm of Asia Securities, launched the Asia Securities Money Market Fund today. Regulated …
Sri Lanka Govt and ADB sign USD 165Mn loan agreement to aid COVID hit SMEs
The Asian Development Bank (ADB) and the Government of Sri Lanka today signed a $165 million loan agreement to provide immediate financing support for small …
Mastercard index of women entrepreneurs: COVID-19 could set-back a generation of women in business
Women across the world have been disproportionally impacted by the COVID-19 pandemic – a staggering 87% of women business owners say they have been adversely …
ComBank adds QR code to Credit Card statements
The Commercial Bank of Ceylon has become the first bank in Sri Lanka to enable its credit card holders to conveniently and instantly settle their credit card …
Sovereign bond opportunity is “too good to miss” says new Chair of Ceylon Asset Management
The new Chairman of Ceylon Asset Management (CAM), Mr. Malaka Bandara highlighted “this is a rare opportunity to invest in SL Sovereign Bonds at discounted …
Sri Lankan banks’ ratings unaffected by proposed FLC mergers: Fitch Ratings
Nov 23, 2020 (LBO) – The mergers of Sri Lankan finance and leasing company (FLC) subsidiaries with their parent banks will not have an immediate impact on …
Standard Chartered releases first sustainable finance impact report
Standard Chartered Bank recently published its first annual Sustainable Finance Impact Report highlighting the Bank’s unique contribution to tackling climate …
Sri Lankan property market still stable amidst 2nd COVID-19 wave
Lanka Property Web With the initial Minuwangoda COVID-19 cluster growing in different parts of the country, and ad hoc curfews being put in place, on the 2nd …
CA Sri Lanka, SDB sign landmark MoU to offer SMEs better access to finance
Nov 18, 2020 (LBO) – In a landmark move aimed at reinforcing the dynamic Small and Medium-Sized Enterprises (SMEs) in the country, the Institute of Chartered …
Sri Lanka targets 4-pct budget deficit of GDP by 2025
Nov 17, 2020 (LBO) - Sri Lanka plans to bring down it budget deficit to 4 percent by 2025 from the current 9 percent, Prime Minister and Finance Minister said …
Central Bank to maintain licence fee of licensed banks unchanged for 2021
Nov 13, 2020 (LBO) – The Monetary Board of the Central Bank has determined to maintain the licence fee structure applicable for years 2019 and 2020 unchanged …
Comm Bank Group’s operating income up 11.84-pct to Rs.55.8Bn
Gains from governmentsecurities, foreign exchange (FX)swap trading and FXtrading activities have enabled the Commercial Bank of Ceylon Group to mitigate to …