ADB gives Rs.110Mn grant for SL to combat COVID-19
Mar 14, 2020 (LBO) - The Asian Development Bank (ADB) has allocated a $ 600,000 grant from the Health System Enhancement Project to the Government of Sri Lanka …
Banking and Finance
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New Rules to Accelerate NPL Recognition by Sri Lankan FLCs
Mar 14, 2020 (LBO) - Tighter regulation in Sri Lanka on classification and measurement of credit facilities for finance and leasing companies (FLCs) will …
Identify right model to develop the country: President tells researchers
Mar 13, 2020 (LBO) - President Gotabaya Rajapaksa requested the heads of research organizations to find ways and means to uplift a small country like Sri Lanka …
SEC to take measures to support stock market
Mar 12, 2020 (LBO) - The Members of the Commission of the Securities and Exchange Commission of Sri Lanka (SEC) convened a special meeting Thursday to assess …
CSE recovers ASPI and S&P making gains during trading
Mar 12, 2020 (LBO) - The Colombo bourse recovered some of its losses after Wednesdays panic selling which led to the indices falling to an 8 year low, a market …
Fitch Ratings to review Sri Lanka national ratings assigned to tier 2 debt
Mar 11, 2020 (LBO) - Fitch Ratings will review the National Ratings assigned to the issues of Tier 2 debt of Sri Lankan banks and non-bank financial …
Sri Lanka stocks close down
Mar 11, 2020 (LBO) - Following global markets, the Colombo Bourse took an expected beating Tuesday with both indices tumbling heavily during the initial ten …
Women in the workforce and why it matters for Sri Lanka: World Bank
To mark this year’s International Women’s day, we're discussing how Sri Lanka can benefit from more women joining the workforce and what can be done to …
COVID-19 Outbreak to have significant economic impact on developing Asia: ADB
Mar 10, 2020 (LBO) - The ongoing novel coronavirus (COVID-19) outbreak will have a significant impact on developing Asian economies through numerous channels, …
COVID-19 outbreak likely to affect Sri Lanka’s economic performance : Central Bank
Mar 05, 2020 (LBO) - The exact impact on the Sri Lankan Economy would depend on the extent of the global spread of the COVID-19 outbreak, its persistence and …
Policy interest rates of Central Bank of Sri Lanka to remain unchanged
Mar 05, 2020 (LBO) - The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 04 March 2020, decided to maintain the Standing Deposit …
Sri Lanka Finance companies face added regulatory pressure
Mar 03, 2020 (LBO) - Sri Lanka's finance and leasing sector will face added pressure for consolidation as deadlines for the implementation of tougher …
Securities and Exchange Commission DG removed with immediate effect
Mar 02, 2020 (LBO) - Securities and Exchange Commission (SEC) Director General (DG) Vajira Wijegunawardane, appointed in 2015 with an overall service to the …
Simplified payment solution for SMEs in Sri Lanka : Seylan Bank
Interview with Chaminda Senewiratne, head of digital banking, Seylan Bank ....... Could you briefly explain what “Seylan merchant portal” is? “Seylan …
HNB posts group PAT of Rs. 15Bn
Feb 26, 2020 (LBO) - HNB PLC weathered external headwinds in 2019 to post 15 billion rupees in Group Profit After Taxes (PAT) and 14 billion rupees in Bank PAT …
HNB clinches top spot on Business Today rankings
HNB PLC secured the No. 1 ranking on the prestigious ‘Business Today Top 30’, further consolidating on a remarkable reputation for excellence and a legacy …
New ADB head pledges to support development in public and private sectors
Feb 25, 2020 (LBO) - The new Asian Development Bank (ADB) Country Director in Sri Lanka, Chen Chen, assumed office in Colombo Monday. “I am honored to assume …
Seylan Bank closes 2019 with Rs3.68Bn profit; crosses Rs500Bn in total assets
In the backdrop of challenging external environment, Seylan Bank recorded a profit after tax of Rs.3.68 Bn for the year ended 31st December 2019. Successful …
Commercial Bank profits marginally up in December quarter
Feb 24, 2020 (LBO) – Sri Lanka’s Commercial Bank group reported a net profit of 5.9 billion rupees showing a marginal improvement of equity holder’s …
Safer roads to add over USD1 Tn to South Asian economies
South Asia’s eastern subregion, comprising Bangladesh, Bhutan, India, and Nepal, needs to invest an estimated extra $118 billion in road safety over the next …