Central Bank approved Rs.53Bn for 20,240 COVID-19 affected businesses
Jul 06, 2020 (LBO) - The Central Bank, in consultation with the Government of Sri Lanka, has introduced the Saubagya Covid-19 Renaissance Loan Scheme to …
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Foreign Minister outlines Sri Lanka’s digital responses to COVID -19
Jul 06, 2020 (LBO) - The leadership of President Gotabaya Rajapaksa and the effective use of technology in a whole – of – government approach has enabled …
Fitch affirms National Ratings of 4 finance companies; one on rating watch positive
Jul 03, 2020 (LBO) – Fitch Ratings has affirmed the National Long-Term Ratings of four Sri Lankan finance and leasing companies. -AMW Capital Leasing And …
Sri Lanka inflation marginally down in June 2020
Jul 02, 2020 (LBO) - The year on year inflation as measured by the Colombo Consumer Price Index (CCPI) is 3.9 percent in June 2020 and inflation calculated …
Sarvodaya Development Finance records a profit growth of 147-pct in 2019-20
Jun 30, 2020 (LBO) – Sarvodaya Development Finance (SDF), the financial services arm of the Sarvodaya Movement, sailed through the turbulent 2019-20 …
Sri Lanka not among 15 countries that lifted non-essential travel to the EU
Jun 29, 2020 (LBO) – The Delegation of the European Union (EU) to Sri Lanka and the EU Member States Embassies in Colombo issuing a clarification on lifting …
HNB records 15-pct YoY growth in digital remittances during COVID lockdown
Jun 29, 2020 (LBO) – Sri Lanka’s HNB has reported a smooth transition to contactless remittance transactions parallel to rising demand for digital …
Second stage of compensation payments to The Finance Company depositors
Jun 26, 2020 (LBO) – Sri Lanka's Central Bank has taken measures to commence the second stage of the compensation payments to the depositors of The Finance …
Bank of Ceylon disburses loan facilities over Rs. 4bn thus far
Jun 26, 2020 (LBO) – As the Sri Lankan business community struggles to recover from the devastating effects of the COVID-19 economic impact, the country’s …
SL Treasury, Central Bank should consider credit guarantees for Covid-19 distressed bank loans
By the Advocata Fellows: Liquidity injections will impact forex market and debt repayments Even though Sri Lanka’s economy has opened up, businesses are …
ComBank further slashes lending rates
Jun 26, 2020 (LBO) - The Commercial Bank of Ceylon has announced a further lending rate cut, slashing rates by up to 2 percent on all categories of loans in a …
Kasturi Wilson to succeed Steven Enderby as CEO of Hemas
Jun 25, 2020 (LBO) – Hemas Holdings announced the appointment of Kasturi Chellaraja Wilson as Group Chief Executive Officer, effective 1st October 2020, …
Sampath Bank ‘Revive Sri Lanka’ offers special low-interest business loans
Jun 25, 2020 (LBO) – Sampath Bank has rolled out a host of special business loans and gold loans under its Revive Sri Lanka initiative at a low-interest rate …
SriLankan Airlines converts passenger aircraft to full freighter supporting exporters
Jun 25, 2020 (LBO) – SriLankan Airlines has converted a wide-body passenger aircraft into a dedicated cargo aircraft to support export industries and to keep …
Sri Lanka inaugurates new ADB funded COVID-19 test lab
Jun 25, 2020 (LBO) - The Asian Development Bank (ADB) has funded the construction and equipment of a new molecular polymerase chain reaction (PCR) laboratory …
SL should aim for V-shaped economic recovery post COVID 19 : Cabraal
Jun 25, 2020 (LBO) - Ajith Nivard Cabraal, advisor to the Prime Minister on Economic Affairs says that Sri Lanka should aim for V-shaped economic recovery and …
President sets one-year deadline for Lanka Salt to be profitable
Jun 24, 2020 (LBO) – President Gotabaya Rajapaksa has given one year’s time to Lanka Salt Limited which runs at a loss since 2018 to earn a profit. The …
Nations Trust Bank launches Rs.7Bn “Nations Diriya” fund to support economic revival
Jun 24, 2020 (LBO) – Nations Trust Bank announced the launch of 7 Billion rupees internally generated funds dedicated to extending financial support to key …
John Keells Holdings secures USD 175 mn long-term financing facility from IFC
Jun 23, 2020 (LBO) – Sri Lanka's diversified John Keells Holdings on Tuesday entered into a long-term financing agreement with the International Finance …
Rooster Jobs launched to help businesses steer recruitment during Covid-19
Jun 23, 2020 (LBO) - Rooster Jobs is a free of charge end-to-end recruitment platform and Applicant Tracking System (ATS) designed to help businesses source …