Pandemic to cost rated Sri Lankan corporates LKR 30bn in revenue: Fitch Ratings
Jul 21, 2020 (LBO) – Rated Sri Lankan corporates are set to lose around LKR30 billion in revenue in the financial year ending March 2021 due to the …
Jul 21, 2020 (LBO) – Rated Sri Lankan corporates are set to lose around LKR30 billion in revenue in the financial year ending March 2021 due to the …
Jul 20, 2020 (LBO) – Fitch Ratings revised down the operating environment (OE) score for Sri Lankan banks to 'b-' from 'b' in May 2020 after the sovereign …
With the completion of its bigger and better island wide 4G network in February this year, HUTCH is on course to enhance its brand presence and further …
R.D.R. Jayampathi Sri Lanka has imposed increasing levels of controls on imports since March 2020. While this was partly a reaction to a balance of payments …
Jul 15, 2020 (LBO) - SLTDA creates provisional licensing to assist SME’s enabling them to seek COVID-19 health certification to host tourists in the future. …
Jul 15, 2020 (LBO) - Sri Lanka Telecom PLC (SLT), one of the leading telecom service providers in Sri Lanka, will deploy a fiber-to-the-home (FTTH) network …
Interview of Chaminda Senewiratne, head of Digital Banking, Seylan Bank PLC. Could you briefly explain what “Seylan merchant portal” is? “Seylan …
Jul 13, 2020 (LBO) – The Monetary Board (MB) of the Central Bank has decided to suspend the business activities of ETI Finance Ltd (ETIF) and Swarnamahal …
Jul 13, 2020 (LBO) - Sri Lanka’s residential apartment sales has been seeing renewed interest since January 2020 and post COVID -19 as well following a lull …
Jul 13, 2020 (LBO) - In most categories there was a dramatic rebound to pre COVID19 levels, pent up demand, expectations of a stock out of dealer inventory and …
Jul 10, 2020 (LBO) – Senkadagala Finance recently announced that it received a US $25 million 5 Year Green Investment Facility from Nederlandse …
By Sathya Karunarathne The novel coronavirus which drove cities and countries into lockdown has now sparked anxiety over a possible food crisis given the …
Jul 10, 2020 (LBO) - Cargo Boat Development Company PLC (CBD) - an associate company of the Renuka Hotels Group - has completed the refurbishment of its …
According to the Extraordinary Gazette No 2182/10 of June 2020, import controls imposed by the earlier gazette Number 2176/19 of 22 May 2020 have been extended …
Jul 09, 2020 (LBO) - Sri Lanka's national tea average for the month of June 2020 totalled Rs. 612.67 vis-à-vis Rs. 697.57 of May 2020, which was the highest …
Jul 08, 2020 (LBO) – The Committee appointed to examine irregularities and illegal activities of the leasing business, recommends short term and long term …
Jul 07, 2020 (LBO) – Sri Lanka's Central Bank has entered into agreements to begin the process of developing a Blockchain Technology Based Shared …
As its commitments to providing relief to businesses affected by the COVID-19 pandemic continue to grow exponentially, the Commercial Bank of Ceylon has …
Jul 07, 2020 (LBO) – Sri Lanka's Finance Ministry says that there has been no change in the interest rate paid on senior citizen's deposits and the interest …
Jul 07, 2020 (LBO) – It’s hard to draw positives from a global crisis such as COVID-19, one that has taken hundreds of thousands of lives and impacted …