LOLC passes most Sri Lankan corporate giants with Rs11bn annual profit
June 4, 2019 (LBO) - Colombo Stock Exchange listed LOLC Holdings (LOLC) has reported an astounding profit of over Rs11bn (US$65mn) for the fiscal year ended …
Banking and Finance
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How tourism service providers can avail financial relief package
May 31, 2019 (LBO) - Ministry of Tourism and Ministry of Finance has decided to offer the following financial reliefs for tourism service providers. 01. A …
Jegan Durairatnam to Chair DFCC board
May 30, 2019 (LBO) - Former Commercial Bank CEO Jegan Durairatnam has been appointed as the Chariman of the board of DFCC. The appointment is with effect from …
Cabinet nod for implementation of promotion programs to minimize effects attacks on tourism
May 30, 2019 (LBO) - Sri Lanka's cabinet of ministers has approved several relief packages for the tourism industry in the island. Approval was given to a …
Sri Lanka rupee appreciated 3.8-pct against the US dollar up to 28 May 2019
May 29, 2019 (LBO) - Sri Lankan rupee appreciated against the US dollar by 3.8 percent by end March 2019 compared to end 2018. "Along with the significant …
Interview:How to grow SriLankan entrepreneurship in the USA
May 29, 2019 (LBO) - Insaaf Mohideen, is a Sri Lanka born American entrepreneur and investor who has seen his career spanned across the fields of technology, …
DFCC iConnect to facilitate employee EPF payments
The greatest testimonial to DFCC Bank’s credentials as the industry leader in pioneering FinTech solutions in the banking and financial solutions industry is …
Fitch upgrades Union & Cargills Banks; affirms 5 small & mid-sized Sri Lanka banks
May 24, 2019 (LBO) – Fitch Ratings Lanka has upgraded the National Long-Term Ratings of Union Bank of Colombo to 'BBB-(lka)' from 'BB+(lka)' and of Cargills …
FriMi from Nations Trust Bank continues to dominate digital banking in Sri Lanka
May 24, 2019 (LBO) - FriMi and in just a short span of two years, the first digital bank in Sri Lanka has completely changed the way banking and payments can …
US Secretary of State Mike Pompeo meets Sri Lanka Foreign Minister
May 17, 2019 (LBO) – US Secretary of State Mike Pompeo met with Sri Lankan Foreign Minister Tilak Marapana yesterday, the Office of the Spokesperson at …
DFCC maintains profitability under volatile market conditions
DFCC’s Total Assets grew by LKR 15,652 million to LKR 390,560 millionDFCC recorded Tier 1 and total capital adequacy ratios of 10.34% and 15.45% …
Sampath Bank’s Net Interest Income up by 23-pct in Q1 2019
Sampath Bank reported a net interest income of Rs. 10.2 Bn for Q1 2019 reflecting a noteworthy growth of 23. buy lipitor online …
HNB launches its own digital wallet and payment app, Solo eWallet
Laying the foundation for a comprehensive digital payment ecosystem in Sri Lanka, the country's most innovative bank, Hatton National Bank PLC, announced the …
Fitch Affirms Hemas Holdings at ‘AA-(lka)’; Outlook Stable
May 15, 2019 (LBO) - Fitch Ratings has affirmed Sri Lanka-based conglomerate Hemas Holdings PLC's (Hemas) National Long-Term Rating at 'AA-(lka)' with a Stable …
Central Bank extends regulatory action on The Finance Company for another three months
May 15, 2019 (LBO) – Sri Lanka's Central Bank has decided to extend the regulatory action currently in place on The Finance Company for another three months, …
Comm Bank records PAT of Rs.3.2Bn in Q1 2019: Performance reflects impact of external factors
May 15, 2019 (LBO) - Sri Lanka's Commercial Bank of Ceylon PLC has reported gross income of 35.501 billion rupees for the three months ended March 2019, an …
Nations Trust Bank records subdued performance
May 15, 2019 (LBO) - The Bank’s performance during the quarter ending 31st March 2019 reflected a continuation of the issues witnessed in the previous few …
Island-wide police curfew lifted : Call for calm from PM and armed forces
May 14, 2019 (LBO) - The island-wide police curfew which was imposed last night has been lifted at 4 am, Tuesday. Issuing a statement the Police Media Division …
Dialog record revenue of Rs.29.0Bn for Q1 2019
May 14, 2019 (LBO) - The Group continued its growth momentum across all key business segments, namely, mobile, international, tele-infrastructure, digital pay …
HNB Group records PBT of Rs 3.4Bn in 1Q 2019
May 14, 2019 (LBO) - Hatton National Bank posted a profit before tax of 3.3 billion rupees and a profit after tax of 2 billion rupees for the first quarter of …