Dispute avoidance in construction contracts a must in developing countries
Mar 22, 2019 (LBO) - Standing dispute adjudication boards in construction projects should seriously practice their role in dispute avoidance in …
Banking and Finance
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Sri Lanka’s NBFIs pressured by weak economic growth and vehicle sales
Mar 21, 2019 (LBO) - Fitch Ratings expects Sri Lankan non-banking financial institutions (NBFI) to continue to face pressure on asset quality and profitability …
Opinion: Evolving trends in banking that enhances customer experience
Mar 19, 2019 (LBO) - Envisioning the future of banking convenience Seylan Bank’s Deputy General Manager- Retail Banking, Tilan Wijeyesekera discusses the …
President to launch National Action Plan for combating bribery and corruption today
Mar 18, 2019 (LBO) - Sri Lanka's President Maithripala Sirisena will launch a National Action Plan for combating bribery and corruption, Monday. Four …
Opinion: Are Sri Lanka’s banks aggressively raising capital without adequate disclosure?
March 17, 2019 (LBO) - Banking institutions over the last few months seem to be making an aggressive push to raise capital through rights and debenture issues. …
Sri Lanka reserves at USD 6.9Bn at end 2018: Trade deficit declined
Mar 14, 2019 (LBO) - The trade deficit declined significantly in December 2018 (year-on-year) with a notable deceleration in import expenditure, data shows. …
SL fiscal consolidation plans challenging without policy effectiveness and faster growth
Mar 12, 2019 (LBO) - Achieving Sri Lanka's deficit and debt targets will be challenging without a significant increase in fiscal policy effectiveness and …
Budget 2019 will empower people and nurture poor: Fin Min
Mar 05, 2019 (LBO) - Sri Lanka's Budget – 2019 will focuses on Enterprise Sri Lanka empowering the people and nurturing the poor, the Finance Ministry said. …
Fitch rates National Development Bank’s Basel III sub debt final A(lka)
Feb 28, 2019 (LBO) – Fitch Ratings has assigned National Development Bank's proposed Basel III-compliant subordinated debentures a final National Long-Term …
Fitch revises outlook on HNB Assurance, HNB General Insurance to positive
Feb 28, 2019 (LBO) – Fitch Ratings has revised the Outlook on the National Insurer Financial Strength (IFS) Ratings of life insurer HNB Assurance and its …
LOLC Group crosses Rupees Trillion mark with total assets reaching Rs1Tn
Sustaining its unblemished track record in performance, the LOLC Group crossed the Rupees Trillion mark, with total assets reaching Rs 1.008Tn, as at December …
Sri Lanka’s HNB Group profit after tax up 14-pct to Rs.19Bn for 2018
HNB Group recorded a Profit Before Tax of Rs 26.5 Bn and a Profit After Tax of Rs 19.1 Bn, posting a YoY growth of 14.6% and 14.4% respectively for the year …
Fitch affirms ratings of HNB Finance, Siyapatha Finance & Singer Finance
Feb 25, 2019 (LBO) – Fitch Ratings has affirmed the National Long-Term Ratings of HNB Finance, Siyapatha Finance, and Singer Finance with a stable outlook. …
Sri Lanka’s Comm Bank reports operating profit Rs.31.6Bn for the year ended Dec 2018
Feb 25, 2019 (LBO) - The Commercial Bank of Ceylon PLC has reported an operating profit of 31.6 billion rupees for the year ended 31st December 2018, …
Sampath Bank Basel III compliant debenture oversubscribed
Feb 22, 2019 9LBO) - Sampath Bank announced that its third BASEL III compliant Debenture issue, to raise 7 billion rupees, had been oversubscribed within a …
Seylan Bank reports PAT of Rs.3,189Mn for year ended 31st Dec 2018
Feb 21, 2019 (LBO) - In a challenging external environment, Seylan Bank recorded a Profit-after-Tax of Rs. 3,189 Million for the year ended 31st December 2018 …
Fitch downgrades SLT & CEB, upgrades Lion Brewery on rating scale revision
Feb 18, 2019 (LBO) – Fitch Ratings has taken rating action on non-financial corporates following the recalibration of its National Rating scale to reflect …
Fitch revises National Long Term Rating of NSB to AA+(lka) from AAA(lka)
Feb 18, 2019 (LBO) – Fitch Ratings has revised the National Long-Term Rating of National Savings Bank to 'AA+(lka)' from 'AAA(lka)' with a stable outlook …
Sampath Bank records PBT of Rs18.3Bn for 2018
Feb 15, 2019 (LBO) - Sampath Bank recorded a profit before tax (PBT) of 18.3 billion rupees for the year ended 31st December 2018, up by 10.5 percent from a …
Central Bank to impose withdrawal restrictions for deposits of The Finance Company
Feb 15, 2019 (LBO) – Sri Lanka's Central Bank has proposed regulatory measures including suspension of accepting new deposits, restrictions on withdrawal of …