Sri Lanka aims at 6.5-pct GDP growth from 2020
Dec 09, 2019 (LBO) - Sri Lanka’s economic activity will pick up following a series of tax cuts and the expansion of economic activity will boost Gross …
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Fitch rates Nations Trust Bank’s Basel III subordinated debt final A-
Dec 05, 2019 (LBO) – Fitch Ratings has assigned Nations Trust Bank PLC's (NTB, A(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures …
Mitra Innovation Director talks 2019 accomplishments & future plans
Dec 04, 2019 (LBO) – Director and Head of Mitra Products, Bivendra Narangoda, said the Company’s Product Business Unit has had a phenomenal 2019 with an …
Ceylon Chamber optimistic that recent tax revisions will stimulate growth
Dec 04, 2019 (LBO) – The Ceylon Chamber of Commerce says they are optimistic that the revisions in taxes and levies announced by the government will …
CA Sri Lanka Annual Report Awards: ComBank crowned winner, Hayleys second place
Dec 04, 2019 (LBO) – Commercial Bank was crowned the winner at the 55th Annual Report Awards winning the coveted ‘Cyril Gardiner Memorial Trophy’ for …
Fitch withdraws AA-(EXP) rating on Commercial Bank’s Basel III subordinated debt
Dec 03, 2019 (LBO) – Fitch Ratings is withdrawing the expected National Long-Term Rating of 'AA-(EXP)(lka)' assigned to Commercial Bank of Ceylon PLC's (CB; …
Sri Lankan insurers’ regulatory capital positions drop on IFRS 16 adoption: Fitch
Dec 03, 2019 (LBO) – Sri Lankan insurers' risk-based capitalisation (RBC) ratios have fallen with the adoption of new accounting standards for lease …
SLASSCOM honors Sri Lanka’s most innovative technology product and service companies
Dec 02, 2019 (LBO) - SLASSCOM recently hosted the annual innovation awards and gala 2019 for the second consecutive year at the Shangri-La Hotel, Colombo, …
Authorized dealer was not the importer of mis-declared Audi A5 cars: CMTA
Dec 02, 2019 (LBO) – The Ceylon Motor Traders Association (CMTA) says that the sole authorized dealer for Audi in Sri Lanka was not the importer of the 13 …
Sri Lanka to introduce new scoring system to CRIB from January
Nov 29, 2019 (LBO) – Sri Lanka’s Central Bank said a new scoring system will be introduced to the Credit Information Bureau (CRIB) from January next year. …
President appoints six-member committee to aid appointments at state institutions
Nov 29, 2019 (LBO) - The Presidential Secretariat appointed a six-member committee comprised of professionals under the directions of President Gotabaya …
Fitch revises expected rating on HNB Finance’s sub-debt issue to BBB+(EXP)
Nov 28, 2019 (LBO) – Fitch Ratings has revised the expected National Long-Term Rating on HNB Finance Limited's (HFL, A(lka)/Stable) proposed Sri Lanka …
Reports about any potential investment in TFC not true: Central Bank
Nov 27, 2019 (LBO) – Sri Lanka's Central Bank on Wednesday clarified that the information published in newspapers regarding any potential investment in the …
Sri Lanka cable maker ACL buys 51-pct stake in local cable firm for Rs481mn
Nov 27, 2019 (LBO) – Sri Lanka's cable and conductor manufacturer, ACL Cables has entered into a share sale and purchase agreement to acquire 51 percent of …
Fitch affirms Ceylon Electricity Board at AA+; outlook stable
Nov 26, 2019 (LBO) – Fitch Ratings has affirmed Sri Lanka-based Ceylon Electricity Board's (CEB) National Long-Term Rating at 'AA+(lka)' with a stable …
Beware of online scams, protect bank passwords & PINs: Central Bank
Nov 21, 2019 (LBO) – Sri Lanka's Central Bank warns public that it has received information regarding several types of financial frauds and scams being …
EASA extends SriLankan Engineering’s maintenance certification
Nov 19, 2019 (LBO) – The European Aviation Safety Agency (EASA) has extended an important certification of SriLankan Engineering, the aircraft …
Sri Lanka stocks up after GR election victory
Nov 18, 2019 (LBO) - Sri Lanka's All Share Index rose 94 points or 1.56 percent to 6,117 points in the first half of the day of trading following the election …
Norges Bank exits from Access Engineering’s top 20 shareholders list
Nov 15, 2019 (LBO) – Norway's sovereign wealth fund managed by the Norwegian Central Bank, Norges Bank has exited from Access Engineering’s top 20 …
ComBank Group posts net profit growth of 21.2-pct for Q3
Nov 15, 2019 (LBO) - Significant improvements in the third quarter, which positively impacted its year-to-date performance, have enabled the Commercial Bank …