Sri Lanka Megapolis official resigns over Panama Papers scandal
Apr 12, 2016 (LBO) - Megapolis and Western Development Ministry today said Ministry Consultant Vidya Amarapala had decided to resign from his post to …
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Sri Lanka’s Janashakthi Insurance appoints Husein Esufally as Chairman
Apr 08, 2016 (LBO) – Sri Lanka’s Janashakthi Insurance announced the appointment of Husein Esufally, as the new Chairman of its Board, following the …
Sri Lanka’s SAGT bags 4th place in world terminal productivity rankings
Mar 31, 2016 (LBO) – Sri Lanka’s first private container terminal operator South Asia Gateway Terminals has been ranked as the 4th in the world for …
Cost Management Maturity Model introduced to Sri Lanka
Mar 30, 2016 (LBO) – The first ever ‘Total Cost Management Maturity Model’ practice has been introduced to Sri Lanka by the Confederation of Indian …
ADB announces loan auction for Sri Lankan SME sector
Mar 28, 2016 (LBO) - Asian Development Bank announced the first auction of a 12.5 million US dollar tranche of re-finance funds for Sri Lankan banks to provide …
Sri Lanka’s Singer Finance to raise Rs1.5bn in listed debt
Mar 28, 2016 (LBO) – Singer Finance, a fully owned subsidiary of Singer said it is planning to raise as much as 1. online pharmacy buy diflucan with best …
Fitch affirms and withdraws HSBC Sri Lanka Branch at AAA
Mar 24, 2016 (LBO) – Fitch Ratings Lanka has affirmed and simultaneously withdrawn the rating of HSBC Sri Lanka Branch's (HSBCSL) National Long-Term Rating …
IFC, Canada to invest USD15 mn in Richard Pieris for green retail growth
Mar 23, 2016 (LBO) — IFC, a member of the World Bank Group, together with the IFC-Canada Climate Change Program will invest 15 million dollars in Sri Lankan …
Investment Summit: Course adjustment on Bank consolidation, says CB Governor
Singapore, Mar 18, 2016 (LBO) - The path towards Sri Lanka's bank conslidation is being reviewed, and a course correction is taking place, Central Bank …
71 Commercial Bank branches to be kept open on Good Friday
For the second time this month, the Commercial Bank of Ceylonwill keep71 branches open for business on a Public and Bank holiday, this time on 25th March, …
Sri Lankan bank teller stops international hackers
Singapore, Mar 16, 2016 (LBO) - A Sri Lankan bank teller has stopped international hackers from laundering 20 million dollars stolen from the New York Federal …
Sri Lanka’s Seylan Bank refutes merger talks with NDB
Mar 09, 2016 (LBO) – Sri Lanka’s Seylan Bank on Tuesday said the bank is not engaged in merger talks with National Development Bank or any other entity at …
Sri Lanka’s HNB to raise Rs7bn in listed debt
Mar 09, 2016 (LBO) – Sri Lanka’s HNB said it is planning to raise as much as 7 billion rupees from a sale of debentures which will be quoted on the …
Virtusa acquires majority interest in Polaris Consulting
Mar 07, 2016 (LBO) - Virtusa Corporation announced that its India subsidiary has acquired all of the outstanding shares of Polaris Consulting and Services …
Sri Lanka tourism earnings up 23-pct; CSE net inflows down 97-pct in 2015
Mar 04, 2016 (LBO) – Sri Lanka’s earnings from tourism has increased significantly in 2015 recording a 22.6 percent increase against the previous year. In …
Sri Lanka’s HNB reports highest advances and deposits in its history
Mar 03, 2016 (LBO) – Group profits at Sri Lanka’s Hatton National Bank rose 10 percent to 11 billion rupees in 2015, supported by profit after tax of 10. …
Fitch downgrades ratings of state banks, finance and insurance companies
Mar 02, 2016 (LBO) – Fitch Ratings has downgraded the Issuer Default Ratings of two state banks and one finance company, a statement said. Accordingly, Bank …
China positive on trade, investment says Malik after visit
Mar 02, 2016 (LBO) – China is positive about Sri Lanka’s prospects as a strategically located platform for trade, investment and tourism, a statement …
Sri Lanka’s LOLC Group receives USD 247Mn syndicated loan
Feb 24, 2016 (LBO) – Sri Lanka’s Lanka Orix Leasing Group announced a landmark syndication to borrow 247 million US dollars from three financial …
Sri Lanka’s Commercial Bank to raise Rs7bn in debentures
Feb 18, 2016 (LBO) – Sri Lanka’s Commercial Bank said it was planning to raise as much as 7 billion rupees from the sale of debentures which will be quoted …