ComBank raises another Rs.10Bn to support COVID-19 affected SME exporters
Jun 01, 2020 (LBO) - The Commercial Bank of Ceylon has announced the commitment of approximately Rs 10 billion to a Bank-funded COVID-19 Support Loan Scheme to …
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Reducing health costs and increasing Government revenue beyond COVID-19: Raising cigarette taxes
Harini Weerasekera and Chamini Thilanka The susceptibility of smokers to contract COVID-19 has been recognised by the World Health Organisation (WHO) and other …
Commercial Credit appoints D Soosaipillai as new Chairman
May 26, 2020 (LBO) – D Soosaipillai, a pioneer in the leasing and financial services industry both in Sri Lanka and overseas was recently appointed as the …
Central Bank cancels finance business licence of The Finance Company
May 22, 2020 (LBO) – Sri Lanka's Central Bank has decided to cancel the finance business licence issued to The Finance Company (TFC), in terms of the FBA …
John Keells Holdings net profit down by 34-pct
May 21, 2020 (LBO) – The profit after tax attributable to equity holders of the parent for the financial year ended 31 March 2020 has been decreased by 34 …
HNB Finance completes successful CSE listing
May 21, 2020 (LBO) - HNB Finance a financial services provider, announced that the company’s shares are now listed on the Colombo Stock Exchange under the …
Ad agency’s utilise modern business model geared for ‘Work From Home’ to share cost-benefit with clients
News Publisher and Quire Sri Lanka, Business models geared towards managing agile working staff better equipped to manage COVID-19 lockdown For most Sri …
Commercial Bank reduces lending rates of loans, leases, pawning & OD facilities
May 21, 2020 (LBO) – The Commercial Bank of Ceylon has announced a reduction of lending rates across the board in response to the present needs of individual …
Opinion: Sri Lanka’s IT-BPM industry resilient in the face of COVID-19
SLASSCOM “Drifting the curve” is the SLASSCOM industry strategy for building momentum to come out of the “corner” (current situation) stronger. When …
HNB operating profit down by 13.5-pct, PAT up due to tax concessions
May 18, 2020 (LBO) – The operating profit of Sri Lanka's Hatton National Bank (HNB) before VAT and taxes declined by 13.5% to Rs 4.2 Bn compared to Rs 4.9 Bn …
Sri Lanka official reserves at USD 7.9Bn at end Feb 2020
May 18, 2020 (LBO) - Sri Lanka's gross official reserves stood at 7.9 billion dollars at end February 2020, equivalent to 4.buy effexor online buy effexor …
Sri Lanka trade deficit shrinks in Feb 2020
May 18, 2020 (LBO) - The deficit in Sri Lanka's trade account widened in February 2020 to 574 million dollars, from 451 million dollars in February 2019, as …
Repatriation and replacement of lost foreign jobs: Handling labour migration during COVID-19
Bilesha Weeraratne Sri Lanka, which has been sending workers abroad for employment for decades, is now faced with the formidable challenge of repatriating …
SLT Group 1Q 2020 operating profits grow by 28-pct to Rs.3.2Bn
May 15, 2020 (LBO) - Sri Lanka Telecom PLC Group released its financial results for the three months ending on 31st March 2020. The Total revenue for the …
Teejay ends 2019-20 with net profit up 28-pct
May 15, 2020 (LBO) - Textile manufacturer Teejay Lanka PLC has ended 2019-20 on an encouragingly strong note, despite its projected fourth quarter profit …
Singer Finance Rs.1Bn debenture issue oversubscribed
May 15, 2020 (LBO) - Singer Finance (Lanka) PLC received a strong vote of confidence from investors with its recent Listed, Rated, unsecured, senior, …
President calls on banking sector to think out of the box to achieve economic revival
May 14, 2020 (LBO) – President Gotabaya Rajapaksa has requested the banking sector to deviate from conventional thinking and practice to support the …
Commercial Bank operating profit down by 4.6-pct, PAT up due to concessions
May 14, 2020 (LBO) – Operating profit before taxes on financial services of Sri Lanka’s Commercial Bank for the first quarter declined by 4.6%, interim …
Central Bank cuts minimum requirement of Liquidity Coverage Ratio to 90-pct
May 13, 2020 (LBO) – Sri Lanka's Central Bank has decided to reduce the minimum requirement of Liquidity Coverage Ratio and Net Stable Funding Ratio to 90 …
Central Bank places restrictions on discretionary payments of banks
May 13, 2020 (LBO) – Sri Lanka's Central Bank has issued directions to licensed banks restricting their discretionary payments with the aim of maintaining …