Sri Lanka’s GDP contracts by 1.6% in 1Q 2020
Aug 06, 2020 (LBO) - Sri Lanka's GDP growth rate for the first quarter of 2020 has been estimated as 1.6 percent of negative growth rate, when compared to the …
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Sri Lanka’s Seylan Bank to issue listed debentures
Jul 30, 2020 (LBO) – Sri Lanka’s Seylan Bank is to issue two types of listed debentures, the bank said in a stock exchange filing. The bank at a meeting …
JKH posts negative Rs.2.43bn as Group PBT in June quarter, recovery faster than anticipated
Jul 29, 2020 (LBO) – Sri Lanka's diversified John Keells Holdings says that the business recovery is reverting to almost pre-COVID-19 levels, faster than …
Nations Trust Bank American Express ties up with PickMe
Nations Trust Bank American Express joins hands with PickMe, Sri Lanka’s leading mobility solutions provider, to provide convenient and cashless payment …
Enterprise analytics ties up with Acumatica to equip SMEs with ERP solutions
Jul 29, 2020 (LBO) - Enterprise Analytics, a leading provider of pioneering technology-based business solutions, recently partnered with Acumatica …
BOI signs agreement with Vallibel Properties to construct its landmark building
Jul 29, 2020 (LBO) – The Board of Investment of Sri Lanka has signed an agreement with Vallibel Properties Limited to construct its state-of-the-art …
Traveling to Dubai and beyond: new guidelines issued for passengers
Jul 28, 2020 (LBO) - Customers from across Emirates’ network can now travel to Dubai as the city has re-opened for business and leisure visitors with new air …
United States works with Sri Lankan apparel industry to increase PPE exports
Jul 27, 2020 (LBO) – The United States is helping Sri Lankan apparel producers to export Personal Protective Equipment (PPE) to the United States. In …
Fitch affirms ratings of People’s Bank and Bank of Ceylon; Outlook Negative
Jul 27, 2020 (LBO) – Fitch Ratings has affirmed the National Long-Term Rating of People's Bank at 'AA+(lka)' with a Negative Outlook. Fitch Ratings has also …
Opinion: COVID–19 is accelerating the technology takeover
by Shanil Fernando (Co-founder & MD of Sysco LABS) The COVID-19 pandemic has revealed a great deal of vulnerabilities in our world and our way of life …
Fitch plans to withdraw ratings of Kotagala Plantations
Jul 27, 2020 (LBO) - Fitch Ratings plans to withdraw the ratings of Kotagala Plantations PLC for commercial reasons on or about 21 August 2020, which is …
South assures President historical win at General Election
Jul 24, 2020 (LBO) - People of Galle assured President Gotabaya Rajapaksa that the South is more than prepared to strengthen his administration to combat …
ICRA Lanka reaffirms the ratings of Bogawantalawa Tea Estates PLC
Jul 23, 2020 (LBO) - ICRA Lanka Limited has reaffirmed the issuer rating of [SL]BBB+ (pronounced SL triple B plus) with Negative Outlook for Bogawantalawa Tea …
9 new innovators selected virtually for second batch of Fashion for Good’s South Asia Innovation Programme
Jul 23, 2020 (LBO) - Fashion for Good, a global platform for innovation, welcomes 9 start-up innovators into the second batch of its regional Programme. …
New head appointed to head London Stock Exchange’s Shared Services Centre in Sri Lanka
Jul 22, 2020 (LBO) - London Stock Exchange Group (LSEG) has announced today that Arjuna Nanayakkara has been appointed as the Head of Shared Services Centre …
Compensation payments for ETI Finance & SFSP depositors to be commenced from Saturday
Jul 22, 2020 (LBO) – Compensation payments to the depositors of ETI Finance Limited (ETIFL) and Swarnamahal Financial Services PLC (SFSP) is to be commenced …
Pandemic sparks digitization drive among Asian firms: HSBC
Jul 22, 2020 (LBO) - COVID-19 has forced Asian corporates to confront their business resilience in an unprecedented way, underlining the urgent need for …
People’s Bank slashes loan interest rates up to 6-pct for SMEs & 9-pct for personal loans
Jul 21, 2020 (LBO) – People’s Bank has announced special concessionary interest rates across the board with almost all of them at single-digit levels. …
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 …
Sri Lankan banks’ ratings under pressure as operating conditions weaken: Fitch
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 …