Sri Lanka’s LOLC December net up 60-pct
Feb 15, 2016 (LBO) – Profits at Sri Lanka’s LOLC group which has interests in financial services, insurance, plantations, trading and leisure rose 60 …
Banking and Finance
Sri Lanka’s NDB profits up 46-pct in Dec
Feb 15, 2016 (LBO) - Sri Lanka's National Development Bank's profits were up 46 percent to 1,254 million rupees in the December 2015 quarter from a year …
USD100mn capital infusion into ETI Finance approved
Jan 29, 2016 (LBO) – The Central Bank has approved a proposal to infuse 100 million US dollars into the share capital of ETI Finance, Swarnamahal Financial …
Chances of March Fed rate hike drop after FOMC statement
Jan 28, 2016 (LBO) - The chances of a U.S. Fed rate hike in March dimmed after a FOMC policy statement on Wednesday acknowledged global economic risks, as …
Sri Lanka to obtain membership of Asian Infrastructure Bank with USD 268mn
Jan 21, 2016 (LBO) – The Cabinet has approved the draft bill to enable Sri Lanka to obtain the formal membership of the Asian Infrastructure Investment Bank …
Bank of Tokyo Mitsubishi UFJ opens representative office
Jan 21, 2015 (LBO) - Bank of Tokyo-Mitsubishi UFJ (BTMU), Japan's largest bank by market value, opened a representative office in Sri Lanka on Thursday to …
Fitch rates Commercial Bank’s subordinated debentures AA-
Jan 13, 2016 (LBO) – Fitch Ratings Lanka has assigned Commercial Bank's proposed Basel II-compliant subordinated debentures of up to 7 billion rupees a …
Sri Lanka’s Orient Finance to raise Rs1bn through IPO
Jan 06, 2016 (LBO) – Sri Lanka’s finance sector player Orient Finance is to raise one billion rupees by way of an Initial Public Offering. buy cenforce …
HNB Grameen shares to be listed in CSE
Jan 06, 2016 (LBO) – Hatton National Bank’s micro finance arm, HNB Grameen, is to list its shares in the Colombo Stock Exchange shortly, Managing Director …
Sri Lanka’s NSB takes over management of Entrust Securities
Jan 05, 2016 (LBO) – Sri Lanka’s state-owned National Savings Bank has taken over the management of troubled Entrust Securities from yesterday evening, …
PM calls on all to join country’s growth drive
Jan 04, 2015 (LBO) – Prime Minister, Ranil Wickremesinghe in his new-year message called on all Sri Lankan’s to join the government in its march towards …
Sri Lanka stocks close down 0.4-pct: Volume at 21 month low
Dec 28, 2015 (LBO) – Sri Lankan stocks closed down at 0.44 percent following a Christmas long week-end holiday with index heavy and banking sector stocks …
Fitch rates Commercial Bank’s Subordinated Debentures AA-(lka)(EXP)
Dec 23, 2015 (LBO) – Fitch Ratings Lanka has assigned Commercial Bank of Ceylon proposed Basel II-compliant subordinated debentures of up to 7 billion rupees …
Fitch rates LB Finance’s outstanding debentures BBB+(lka)
Dec 22, 2015 (LBO) – Fitch Ratings has assigned LB Finance's outstanding rupee denominated subordinated debentures a National Long Term Rating …
Sri Lanka appoint more ministers
Dec 22, 2015 (LBO) – Sri Lanka President Maithripala Sirisena appointed Priyankara Jayarathne as the State Minister of Local Government and Provincial …
Sanasa Development Bank to raise Rs4bn from listed debenture
Dec 21, 2015 (LBO) – Sri Lanka’s Sanasa Development Bank is to raise 4. online pharmacy buy ciprodex with best prices today in the USA online pharmacy buy …
Sri Lanka year in review 2015: OBG
Dec 21, 2015 (LBO) – Sri Lanka has emerged with a renewed emphasis on economic reforms and fiscal consolidation, which has allayed concerns for many local …
Govt to save Rs15bn by moving its accounts to private banks: FM
Dec 20, 2015 (LBO) – Sri Lanka’s Finance Ministry is to transfer part of the government accounts maintained by the state banks to private banks in order to …
Stable outlook for SL banking system driven by continued GDP growth: Moody’s
Dec 04, 2015 (LBO) – Continued GDP growth is driving the stable outlook for Sri Lanka's banking system, Moody's Investors Service said. "While seeing some …
Malaysia’s Malindo Air to commence low-cost flights to Colombo
Dec 02, 2015 (LBO) - Malaysian low-cost carrier Malindo Air plans to start services from Kuala Lumpur (Malaysia) to Colombo (Sri Lanka) and Ho Chi Minh City …