Sri Lanka to introduce new scoring system to CRIB from January
Nov 29, 2019 (LBO) – Sri Lanka’s Central Bank said a new scoring system will be introduced to the Credit Information Bureau (CRIB) from January next year. …
Banking and Finance
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Fitch revises expected rating on HNB Finance’s sub-debt issue to BBB+(EXP)
Nov 28, 2019 (LBO) – Fitch Ratings has revised the expected National Long-Term Rating on HNB Finance Limited's (HFL, A(lka)/Stable) proposed Sri Lanka …
Reports about any potential investment in TFC not true: Central Bank
Nov 27, 2019 (LBO) – Sri Lanka's Central Bank on Wednesday clarified that the information published in newspapers regarding any potential investment in the …
Door is open for a rate cut: First Capital Research
Nov 25, 2019 (LBO) – First Capital Research believes that there is a possibility for a rate cut considering the need to address the sluggishness in economic …
Sri Lanka inflation hits high of 5.6-pct in October 2019
Nov 22, 2019 (LBO) - The National Consumer Price Index (NCPI) for all items for the month of October 2019 was 131.9, an increase of 1.3 index points or 1.0 …
Beware of online scams, protect bank passwords & PINs: Central Bank
Nov 21, 2019 (LBO) – Sri Lanka's Central Bank warns public that it has received information regarding several types of financial frauds and scams being …
Turkey: Your next destination for business
Nov 20, 2019 (LBO) - The Ceylon Chamber of Commerce in association with the Embassy of Turkey in Sri Lanka will be organising a presentation on “Turkey – …
Ceylinco Life unfazed by conditions, posts impressive 9-month results
PBT up 54.8% to Rs 5.8 billion on net income of Rs 22.8 billion Net premium income grows 5.5% to Rs 13.3 billion Life Fund increases by 4.8% to Rs 92.3 billion …
ICRA explains key differences and implications of Central Bank bill to repeal monetary law act
Nov 18, 2019 (LBO) - The CBSL independence is a critical factor to have some level of discipline in the monetary policy and the new Central Bank Bill is an …
Sri Lanka stocks up after GR election victory
Nov 18, 2019 (LBO) - Sri Lanka's All Share Index rose 94 points or 1.56 percent to 6,117 points in the first half of the day of trading following the election …
ComBank Group posts net profit growth of 21.2-pct for Q3
Nov 15, 2019 (LBO) - Significant improvements in the third quarter, which positively impacted its year-to-date performance, have enabled the Commercial Bank …
Sri Lankan banks facing pressure on credit profiles, rising NPLs: Fitch Ratings
Nov 13, 2019 (LBO) – Pressure on Sri Lankan banks' financial profiles due to challenging operating conditions became more apparent in the banks' 1H19 …
Sri Lanka economy to grow 3.5-pct in 2020: Central Bank
Nov 05, 2019 (LBO) - The Sri Lankan economy is projected to grow by around 3.5 percent in real terms in 2020, a new Central Bank report says. "The growth is …
ComBank receives best bank award from Global Finance
The Commercial Bank of Ceylon was recently presented the award for ‘Sri Lanka’s Best Bank in 2019’ by the USA-based Global Finance magazine at the 26th …
JKH Sept quarter net profit down 55-pct amid Easter Sunday impacts
Nov 01, 2019 (LBO) – Sri Lanka’s diversified John Keells Holdings said its profits for the second quarter were mainly impacted by the Easter Sunday impacts …
Moody’s affirms 3 Sri Lankan banks’ ratings
Nov 01, 2019 (LBO) – Moody's Investors Service has affirmed the long-term/short-term local currency deposit ratings of Bank of Ceylon (BOC), Hatton National …
Seylan Bank records profit after tax of Rs. 2.6Bn in 3Q 2019
Oct 31, 2019 (LBO) – Seylan Bank closed the nine months ending 30th September 2019 with a post-tax profit of Rs. 2,554 Mn, a marginal increase of 1% over the …
Opinion: Are apartment developers moving to suburbs?
LankaPropertyWeb's (LPW) With Colombo city turning into a business hub more than a residential area, recent studies of LankaPropertyWeb (LPW) show that …
Tax concessions and benefits for public servants announced during VoA
Oct 28, 2019 (LBO) - Finance Minister Mangala Samaraweera announced tax concessions and benefits for public servants at the time of presenting the Vote on …
The Finance Company looking at a new investor
Oct 25, 2019 (LBO) – The Finance Company (TFC) is currently working with a company that has expressed its interest to invest at TFC as a shareholder through …