Sri Lanka’s LOLC March net up 46-pct amid growing incomes
June 03, 2016 (LBO) – Sri Lanka’s LOLC group, which has interests in financial services, insurance, plantations, trading and leisure, said net profit for …
Banking and Finance
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Sri Lanka’s People’s Leasing eyes South East Asian market
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 …
G7 vows growth efforts as Japan’s Abe warns of global crisis
May 27 (Reuters) - The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies and …
Restricting banks from leasing wouldn’t help finance companies: Murtaza
May 26, 2016 (LBO) – Sri Lanka’s government intervention in restricting banks from leasing vehicles would be disastrous for business confidence and further …
Sri Lanka’s Islamic Finance sector growing, lacks skilled staff: report
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 …
Sri Lanka reinsures uninsured citizens, property for natural disasters
May 20, 2016 (LBO) – Sri Lankan government sponsored National Insurance Trust Fund has insured all uninsured Sri Lankan citizens and uninsured properties by …
Citizens Development Bank announces Rs1bn debenture issue
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 …
BoardPAC chosen by Bangladesh’s City Bank to debut corporate governance solution
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 Q1 profit before tax up 28-pct to Rs 4.6bn
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 …
Regulator asks Goldman, three other banks for information on shell companies
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. …
Sri Lanka to reform Bankruptcy laws
May 11, 2016 (LBO) – Sri Lanka’s cabinet has decided to approve amending the Companies Act No. 7 of 2007 for introduction of new laws in institutional …
Opinion: The Management Goldmine of ‘Efficiency’ and ‘Effectiveness’
By Arosha Jayasundera According to the Hakett Group, USA, there is a strong correlation between consistent use of business best practices and the ability to …
Sri Lanka’s HNB net up 73-pct in March 2016 quarter
May 10, 2016 (LBO) – Group profits at Sri Lanka’s Hatton National Bank surged 73 percent to 3.3 billion rupees in the March 2016 quarter amid strong income …
Sri Lanka to build LNG power plant in Kerawalapitiya: Power Ministry
May 06, 2016 (LBO) – Sri Lanka will build a new 300MW Liquefied Natural Gas (LNG) power plant in Kerawalapitiya adjoining the existing power plant there, the …
Com Bank inks deal with Bank Muscut Oman for money transfers
May 03, 2016 (LBO) - Sri Lanka’s Commercial Bank of Ceylon has formalised its tie-up with the Bank Muscat Oman to facilitate remittances to Sri Lanka. …
Sri Lanka reaches USD1.5Bln support deal with IMF
Apr 29, 2016 (LBO) - Sri Lanka has reached a technical agreement with the International Monetary Fund for 1.5 billion dollars, a statement said. buy nolvadex …
BOI signs 19 agreements worth Rs.319Mn in March 2016
Apr 28, 2016 (LBO) – Sri Lanka’s Board of Investment signed a total of 19 new investment agreements in varied sectors in March 2016, the investment agency …
BOC confirms its place as No.1 Brand in Sri Lanka
The Authentic Sri Lankan banking leader, BOC once again was bestowed as the No.1 Brand among all the brands in Sri Lanka for the 8th consecutive year by the …
BOC ATMs dispensed record Rs30bn during Avurudu season
The Bank of Ceylon, Leader in the Sri Lankan Banking Industry has set a bench mark of dispensing a record breaking Rs.30.72 Billion from its ATMs during …
Commercial Bank Dispenses Rs 21.54 billion in first 14 days of April
The Commercial Bank of Ceylon smashed itsrecords for cash dispensed via the Bank’s automated teller machine (ATM) network over a 14 day period this …