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, …
Companies
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 …
Sampath Bank operating profit down by 10.8-pct, PAT up due to concessions
May 13, 2020 (LBO) – Operating profit of Sri Lanka's Sampath Bank for the first quarter, which is the real return generated by utilizing the assets and …
SriLankan Airlines offers passage for travelers supporting lockdown ease
May 12, 2020 (LBO) - Taking into consideration the reopening of economic activity in the world followed by easing of some travel restrictions between …
Dialog & Huawei donate telepresence infrastructure and connectivity to Health Min
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, and Huawei Technologies Lanka Co., (Pvt) Ltd, donated Telepresence and connectivity solutions …
Sri Lanka delisted by European Commission from list of high risk 3rd countries
May 12, 2020 (LBO) - The European Commission has de-listed Sri Lanka from its list of High Risk Third Countries with Anti- Money Laundering and Countering the …
Identify potential future risks and strive with vigilance: President
May 12, 2020 (LBO) - President Gotabaya Rajapaksa has stressed the importance of perseverance without faltering in the battle against COVID-19 while …
Impact of COVID-19 on Sri Lanka’s Banking and Financial sector: Advocata
May 11, 2020 (LBO) - The Advocata Institute hosted an online discussion on Zoom with Yvette Fernando (Assistant Governor, Central Bank of Sri Lanka), Manil …
3D virtual tours of Cinnamon Life and TRI-ZEN apartments launched
May 11, 2020 (LBO) - John Keells Properties has announced that in order to accommodate prospective buyers moving forward with their apartment searches, it is …
Emirates Group announces 2019-20 results
Group records 32nd consecutive year of profit of AED 1.7 billion (US$ 456 million) Group revenue of AED 104 billion (US$ 28.3 billion) impacted by …
Central Bank urges financial institutions to reduce lending rates without delay
May 06, 2020 (LBO) – Sri Lanka's Central Bank urges financial institutions to reduce lending rates without further delay. Failing which, the Central Bank …
Central Bank of Sri Lanka further reduces policy rates to support economic activity
May 06, 2020 (LBO) - The Monetary Board of the Central Bank of Sri Lanka, at a special meeting held on 06 May 2020, reviewed the current monetary policy stance …
ADB’s trade finance program supports medical supplies to combat COVID in Sri Lanka
May 06, 2020 (LBO) - The Asian Development Bank (ADB) has provided a guarantee for a $25 million trade loan to the State Pharmaceuticals Corporation of Sri …
Private sector supports establishment of a Molecular Diagnostic Laboratory at IDH
May 04, 2020 (LBO) – A new Molecular Diagnostic Laboratory of the National Institute of Infectious Diseases (IDH) was declared open on 28 April 2020 by Dr. …
Dialog commences critical ICU development at Negombo general hospital
May 04, 2020 (LBO) - As the first stage of the recently pledged 200 million rupees towards urgently required ICU capacity development in hospitals selected by …
Local oil palm industry ready to support govt. domestic agriculture drive: POIA
May 04, 2020 (LBO) - Sri Lanka’s oil palm cultivators can provide tangible support to the government’s efforts to promote local agriculture and import …
Resumption of civilian life and office work begins from May 11
May 04, 2020 (LBO) - While the curfew is in force in the districts of Colombo, Gampaha, Kalutara and Puttalam, the resumption of civilian life and state and …