First Session of political consultations between Sri Lanka and Turkey concludes in Colombo
May 13, 2019 (LBO) - The first session of political consultations between Sri Lanka and Turkey with a new road map for enhanced cooperation in prioritized …
Banking and Finance
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Macquarie CEO Shemara Wikramanayake’s pay tops $ 18mn
May 12, 2019 (LBO) - Shemara Wikramanayake, CEO of global investment bank Macquarie, earned over $18mn in the last fiscal year. Her total annual renumeration …
Seylan Bank reports 11-pct year on year growth in 1Q 2019
May 03, 2019 (LBO) – Seylan Bank has made a steady start in 2019 by posting a Profit after Tax of 903 million rupees in the first quarter, up 11.10 percent …
Central Bank considering alternatives to revive Swarnamahal Financial Services
May 02, 2019 (LBO) – Sri Lanka's Central Bank said they are currently considering alternative measures to revive Swarnamahal Financial Services PLC as the …
Sri Lanka bans all forms of face covers following terror attacks
Apr 29, 2019 (LBO) - President Maithripala Sirisena, under Emergency Regulations, has taken steps to ban from April 29th, 2019, all forms of face covers that …
Sri Lanka death toll over 200 in Easter Sunday attacks
Apr 21, 2019 (LBO) - The death toll in Sri Lanka's terror attacks has risen to at least 207, with over 450 people injured, police spokesman Ruwan Gunasekera …
Sri Lanka announces island wide Police curfew; WhatsApp, Facebook blocked
Apr 21, 2019 (LBO) – Sri Lanka’s government has decided to impose an islandwide Police curfew, Defence Minister Ruwan Wijewardene said. As per the …
Seylan Bank’s Rs.5Bn debenture issue snapped up
Apr 25, 2019 (LBO) - Seylan Bank’s 5 billion rupee debenture Issue opened recently was successfully oversubscribed on the opening day, reflecting a strong …
Berendina awarded country’s first micro-financing license from Central Bank
Berendina Micro Investments Company (BMIC), the micro-finance arm of Berendina in Sri Lanka was recently granted a license to operate micro-financing by the …
Kavan Ratnayaka appointed Chairman of National Development Bank
Apr 18, 2019 (LBO) – An Independent Director of National Development Bank (NDB), Kavantissa Danudra Weerawardene Ratnayaka has been appointed as the new …
DFCC priced rights issue at a 56-pct discount to NAV to attract shareholders: CEO
Apr 08, 2019 (LBO) – Chief Executive Officer of Sri Lanka’s DFCC bank says that they wanted to make the rights issue attractive to shareholders by …
Sampath Bank appoints Professor Malik Ranasinghe as Chairman
Professor Malik Ranasinghe, who was the Deputy Chairman of Sampath Bank since August 2016, will take on his new role from the 2nd April 2019 as the Chairman of …
AIA receives shareholder approval for proposal to delist from CSE
Apr 03, 2019 (LBO) – Publicly listed company AIA Insurance Lanka announced that it will delist the Company’s shares from the official list of the Colombo …
Fitch rates Commercial Bank of Ceylon Basel III sub debt AA-(lka)(EXP)
Apr 02, 2019 (LBO) – Fitch Ratings has assigned Commercial Bank of Ceylon's proposed Basel III-compliant subordinated unsecured debentures an expected …
Vikas Arora assumes role of Sri Lanka’s Chief Country Officer of Deutsche Bank
Apr 02, 2019 (LBO) – Vikas Arora has assumed the role of Sri Lanka’s Chief Country Officer and General Manager of Deutsche Bank AG Colombo Branch effective …
Rs.79,000 million loans disbursed under Enterprise SL Program
Apr 01, 2019 (LBO) - Sri Lanka's Finance Ministry said it had disbursed 79 billion rupees to 46,673 persons under the Enterprise Sri Lanka loan scheme so …
Bogawantalawa Tea set to become world’s first climate positive plantation company
Mar 28, 2019 9LBO) - After becoming the first company in the world to secure uncompensated carbon neutral certification for its tea growing, manufacturing and …
Commercial Bank wins 19th global finance ‘Best Bank in Sri Lanka’ award
(PRESS RELEASE) The Commercial Bank of Ceylon has been adjudged Sri Lanka’s Best Bank in 2019 by the USA-based Global Finance magazine, giving the Bank its …
Concessional loan of USD 989Mn from China’s EXIM Bank for Central Expressway
Mar 22, 2019 (LBO) - The Export- Import Bank of China (EXIM Bank) has agreed to provide a concessional loan amounting to US 989 million dollars covering 85 …
Sri Lankan Banks manage capital impact of SLFRS 9
Mar 22, 2019 (LBO) - Sri Lankan banks have been able to manage the capital impact of first-time adoption of SLFRS 9 accounting standards, in line with our …