Sri Lanka’s private sector credit growth picks up in December
Jan 30, 2020 (LBO) – Growth of credit extended to the private sector has picked up in December 2019, on a year-on-year basis, following a continued slowdown …
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Colombo Chamber submits proposal to effectively implement SME moratorium
Jan 29, 2020 (LBO) – Colombo Chamber of Commerce has decided to submit several proposals for the effective implementation of the moratorium for SMEs and …
Maldivian hotels resume operations, Avg room rates above expectations: JKH
Jan 29, 2020 (LBO) – Sri Lanka’s diversified John Keells Holdings says that all four of their Maldivian hotels are now in operation with the completion of …
John Keells Holdings Dec quarter net profit down by 50-pct
Jan 29, 2020 (LBO) – Profit attributable to equity holders of Sri Lanka’s diversified John Keells Holdings in the third quarter at 2.40 billion rupees is a …
Sri Lanka SME credit support scheme has limited effect on banks: Fitch Ratings
Jan 29, 2020 (LBO) – A scheme for Sri Lankan banks to provide special credit support to SMEs this year should not have a material effect on banks' credit …
SL presents USD16Bn opportunity for pvt sector to invest in sustainable development: SC Bank
Jan 29, 2020 (LBO) - Opportunity2030: The Standard Chartered SDG Investment Map reveals an almost USD 10 trillion (USD 9.668 trillion) opportunity for …
Ravi Wijeratne slips away from taking over MTD Walkers
Jan 28, 2020 (LBO) – Sri Lankan businessman, Ravindranath Srilal Wijeratne, alias Ravi Wijeratne has slipped away from taking over MTD Walkers. According to …
Sri Lanka vehicle registration in Dec 2019 subdued
Jan 28, 2020 (LBO) - Sri Lanka's total car registrations recorded 2,057 units in December 2019 marginally up from 2,030 units in November but down from 2,669 …
Fitch affirms NSB’s National Rating at AA+; withdraws rating
Jan 27, 2020 (LBO) – Fitch Ratings has affirmed and withdrawn Sri Lanka-based National Savings Bank's (NSB) National Long-Term Rating of 'AA+(lka)' with a …
Sri Lanka SMEs call for deadline extension
Jan 22, 2020 (LBO) – Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI) said that the landmark loan moratorium for SMEs offered by the …
Fitch revises outlook on 5 banks to negative; downgrades PLC; affirms HNB
Jan 22, 2020 (LBO) – Fitch Ratings has revised the Outlook to Negative from Stable on the Long-Term Issuer Default Ratings (IDR) and National Long-Term …
Viraj Dayaratne appointed as Chairman of SEC
Jan 22, 2020 (LBO) - Additional Solicitor General Viraj Dayaratne PC has been appointed as the Chairman of the Securities and Exchange Commission of Sri Lanka …
Startup XpressJobs receives Rs100mn investment from Emerging Media
Jan 20, 2020 (LBO) – Emerging Media, a location-based digital advertising company has invested 100 million rupees in XpressJobs in exchange for a 25 percent …
Milford Ceylon buys 19-pct of Softlogic Life
Jan 17, 2020 (LBO) - Milford Ceylon Pvt Ltd., a Mauritius-based fund yesterday bought a 19 percent stake in Softlogic Life Insurance PLC for Rs. buy stendra …
Mobitel & ‘CareerMe’ takes on career guidance for students, teachers and parents
Reiterating its pledge in leading Sri Lanka towards an info com and knowledge rich society, Mobitel, Sri Lanka’s National Mobile Service provider, has …
Fitch Affirms SriLankan Airlines’ Government Guaranteed Bonds at ‘B’
Jan 16, 2020 (LBO) - Fitch Ratings has affirmed SriLankan Airlines Limited's (SLA) USD175 million government guaranteed 7 percent unsecured bonds due 25 June …
Central Bank issues circular to banks about new credit support scheme for SMEs
Jan 14, 2020 (LBO) – Sri Lanka’s Central Bank says that based on the discussions they had with banks, it is observed that the proposed credit support …
Citigroup Global Markets Ltd buys 10.8-pct of Sri Lanka’s John Keells Holdings
Jan 09, 2020 (LBO) – Institutional brokerage services provider Citigroup Global Markets Ltd has purchased the entire stake from Broga Hill Investments, …
Broga Hill Investments sells its stake in John Keells Holdings
Jan 09, 2020 (LBO) – Special-purpose investment vehicle of Malaysia’s sovereign wealth fund Khazanah Nasional Berhad, Broga Hill Investments Limited has …
ICRA Lanka reaffirms long-term & short-term ratings of First Capital Holdings
Jan 09, 2020 (LBO) – ICRA Lanka Limited, subsidiary of ICRA Limited, a group company of Moody’s Investors Service, has reaffirmed the issuer rating of …