Sri Lanka may approve two blocks for exploration and drilling: PRDS
June 27, 2016 (LBO) - Sri Lanka could shortly approve petroleum exploration and drilling for two blocks in the Cauvery basin, as bidders in the 2013 licensing …
June 27, 2016 (LBO) - Sri Lanka could shortly approve petroleum exploration and drilling for two blocks in the Cauvery basin, as bidders in the 2013 licensing …
June 23 (Reuters) - China's Foreign Ministry on Thursday brushed off doubts about how many countries have offered support for its position in a case brought by …
Jun 23, 2016 (LBO) - Sri Lanka's National Development Bank PLC's (NDB) national long term rating has been downgraded to 'A+(lka)' from 'AA(lka)', Fitch …
June 2016 Colombo: Reinforcing its credentials as a technology-savvy bank focusing on increasing customer convenience and engagement, Seylan Bank demonstrated …
June 21, 2016 (LBO) – Moody's Investors Service has revised ratings outlooks of three banks in Sri Lanka to negative from stable. The affected banks are Bank …
Jun 20, 2016 (LBO) – HSBC Sri Lanka sacked five senior managers following an investigation into allegations that they fudged incentives-linked performance …
Jun 14, 2016 (LBO) – Sri Lanka’s DFCC Bank launched the Vardhana virtual wallet, a mobile application that enables financial inclusion for its customers, …
June 13, 2016 (LBO) People’s Bank has launched a solar power loan scheme to promote the use of solar energy as part of its drive towards being a carbon …
June 08, 2016 (LBO) - The World Bank is downgrading its 2016 global growth forecast to 2.4 percent from the 2.9 percent pace projected in January, a statement …
The Commercial Bank of Ceylon recently conducted the first of a series of entrepreneur development programmes exclusively for women, in recognition of their …
June 03, 2016 (LBO) – Sri Lanka’s LOLC group, which has interests in financial services, insurance, plantations, trading and leisure, said net profit for …
May 31, 2016 (LBO) – Sri Lanka’s People’s Leasing and Finance, the country's largest non-bank lender, is looking at expanding their operations into the …
May 27 (Reuters) - The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies and …
May 26, 2016 (LBO) – Sri Lanka’s government intervention in restricting banks from leasing vehicles would be disastrous for business confidence and further …
May 26, 2016 (LBO) – Sri Lanka’s Islamic Finance sector continues to grow steadily but lacks staff that are qualified and have technical knowledge, the …
May 20, 2016 (LBO) – Sri Lankan government sponsored National Insurance Trust Fund has insured all uninsured Sri Lankan citizens and uninsured properties by …
May 18, 2016 (LBO) – Sri Lanka’s Citizens Development Business Finance PLC (CDB), a licensed finance company, said it will issue one billion rupees in …
The award-winning Sri Lanka-developed corporate governance solution BoardPAC has been selected by The City Bank, a leading commercial bank in Bangladesh,as its …
Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of Rs 5.377 billion for the three months ending 31st March 2016, commencing the year with …
May 12, 2016 (LBO) - A top U.S. regulator has asked Goldman Sachs and three foreign banks about their possible involvement with shell companies, sources say. …