Sri Lankan rupee trades weaker ahead of sovereign bond sale
July 11 (Reuters) - The Sri Lankan rupee fell as importers and banks bought dollars, speculating that foreign holders of the country's sovereign debt might …
Banking and Finance
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ADB assures support for Sri Lanka including capital market reforms
Jul 11, 2016 (LBO) – The Asian Development Bank (ADB) says that Sri Lanka can aim for higher growth by boosting its private investments, connectivity and …
Sri Lankan rupee ends higher on banks’ dollar sales
July 8 (Reuters) - The Sri Lankan rupee ended firmer in one-week forwards on Friday, as foreign banks sold dollars on behalf of offshore investors to buy local …
Interview: NDB’s One Account to meet long felt need in banking, wealth management
July 07, 2016 (LBO) - Sri Lanka's NDB Bank recently launched "One Account" to meet a need in the retail affluent segment, a bundled offering of a current …
Sri Lanka to collaborate with Guangdong Gems and Jade Exchange
Jul 05, 2016 (LBO) - Sri Lanka Gem and Jewellery Association (SLGJA) together with the National Gem and Jewellery Authority signed a Memorandum of …
Motor car registrations down sharply from Sept peak: JB Securities
July 05, 2016 (LBO) - Motor car registrations in Sri Lanka recorded 3,657 units in May, slightly down from 3,664 units in April, but significantly lower than a …
Commercial Bank adds crosscurrency transactions to Online Banking
The Commercial Bank of Ceylon has added a new dimension to its Online Banking platform by enabling foreign currency account holders to carry out fund transfers …
Sri Lanka’s Seylan Bank to raise Rs5bn in listed debt
June 28, 2016 (LBO) – Sri Lanka’s listed Seylan Bank is planning to raise as much as 5 billion rupees from a sale of debenture which will be quoted on the …
Secretariat for NGOs asks microfinance firms to register
June 28, 2016 (LBO) – National secretariat for non governmental organizations has asked micro finance institutions that operate in the island to promptly …
Commercial Bank launches Sri Lanka’s first Remittance Card
Sri Lanka’s first Remittance Card has been launched by the Commercial Bank of Ceylon to introduce a new dimension in convenience to the process of …
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 …
Sri Lanka to support China over South China Sea issue with Philippines
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 …
Fitch Downgrades NDB; Affirms 8 Sri Lanka Banks, Negative Outlook on DFCC, Sampath
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 …
Seylan launches 1st digitally assisted customer support channels via WhatsApp and Facebook
June 2016 Colombo: Reinforcing its credentials as a technology-savvy bank focusing on increasing customer convenience and engagement, Seylan Bank demonstrated …
Moody’s revises ratings outlook of BOC, HNB & Sampath Bank to negative
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 …
Sri Lanka’s HSBC fires five senior managers for figure-fudging
Jun 20, 2016 (LBO) – HSBC Sri Lanka sacked five senior managers following an investigation into allegations that they fudged incentives-linked performance …
DFCC Bank launches Sri Lanka’s first virtual payment system
Jun 14, 2016 (LBO) – Sri Lanka’s DFCC Bank launched the Vardhana virtual wallet, a mobile application that enables financial inclusion for its customers, …
People’s Bank unveils solar power loan scheme
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 …
World Bank downgrades 2016 global growth to 2.4-pct
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 …
Commercial Bank begins new series of entrepreneurship programmes for women
The Commercial Bank of Ceylon recently conducted the first of a series of entrepreneur development programmes exclusively for women, in recognition of their …