Imposition of lending rate caps, a credit positive: Central Bank replies to Moody’s
Oct 01, 2019 (LBO) – Sri Lanka's Central Bank says that the imposition of caps on lending rates of licensed banks would, in fact, be credit positive, …
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Morison receives shareholder approval to delist from CSE
Sep 27, 2019 (LBO) – The shareholders of Morison have approved the delisting of its voting and non-voting shares from the CSE by way of a special resolution, …
Sri Lanka’s lending rate cut is credit negative for banks: Moody’s
Sep 27, 2019 (LBO) – Sri Lanka’s recent lending rate cut will compress banks' net interest margins (NIMs) and add to their existing profitability …
Ceylinco Life named one of Sri Lanka’s 10 most admired companies
Sep 27, 2019 (LBO) - Ceylinco Life Insurance was named among the 10 most admired companies in Sri Lanka at the 2019 edition of the International Chamber of …
Central Bank withdraws order on maximum interest rates on deposits
Sep 25, 2019 (LBO) – The Monetary Board of the Central Bank has decided to withdraw the Monetary Law Act Order No. 01 of 2019 issued on 26 April 2019 …
Central Bank orders banks to reduce loan interest rates by 200 bps by mid-October
Sep 24, 2019 (LBO) – Monetary Board of the Central Bank has decided to order the Licensed Banks to reduce interest rates applicable on all rupee-denominated …
Expolanka settles litigation against US subsidiary with USD6.75mn payment
Sep 24, 2019 (LBO) – Expolanka’s US-based fully owned subsidiary, Expolanka USA LLC, at a mediation held in New Jersey has resolved to conclude a dispute …
Ceylon Chamber’s ‘Future of Business’ event to help reimagine future of work
Reimagining the future of work, will be the focus of the Ceylon Chamber’s third consecutive ‘Future of Business’ innovation strategy and learning event. …
Enterprise Sri Lanka introduces mobile service islandwide
Sep 20, 2019 (LBO) - The Finance Ministry has made arrangments to reach the people and conduct Enterprise Sri Lanka mobile service island-wide in order to …
CBSL permits Sinhaputhra Finance to implement proposed capital augmentation plan
Sep 19, 2019 (LBO) – Monetary Board of the Central Bank of Sri Lanka has decided to provide Sinhaputhra Finance with an opportunity to implement the proposed …
Central Bank cancels license issued to TKS Finance Limited
Sep 19, 2019 (LBO) – Sri Lanka's Monetary Board of the Central Bank has decided to cancel the licence issued to TKS Finance Limited (TKSF) to carry on …
PM’s says economy stabilizing: looking at leapfrog growth trajectory
Sep 18, 2019 (LBO) - Sri Lanka's Prime Minister Ranil Wickremesinghe says the government's plans to put the island on a leapfrog trajectory to growth so that …
The Finance Co. still looking for potential investor; CBSL extends restrictions
Sep 18, 2019 (LBO) – Sri Lanka’s troubled The Finance Company is to call Expressions of Interest (EOIs) from potential investors and to request such …
“Sri Lankan Airlines is a vanity we cannot afford,” Fin Min says
Sep 17, 2019 (LBO) - Sri Lanka's Finance Minister, Mangala Samaraweera says State Owned Enterprises (SOE) management has become political rather than …
Sri Lanka’s Economic Summit 2019 Opens Today
Sep 17, 2019 (LBO) - The Sri Lanka Economic Summit (SLES) 2019 themed on Re-calibrating Sri Lanka’s Economic Trajectory Towards 2025, to guide Sri Lanka’s …
Capitol TwinPeaks boosts expat segment confidence in Sri Lanka real estate
Colombo, Sri Lanka - September 2019 - Capitol TwinPeaks, the flagship residential venture of the Sanken Group, located on the Beira lakefront in Colombo 2, has …
Demand builds for islands first state run automotive service hub
Sep 16, 2019 (LBO) - Sri Lanka's first ever state run wheel alignment centre (WAC) for four wheel light vehicle class was launched in September has seen demand …
Fin Min orders investigation on liquor licenses issued without approval
Sep 16, 2019 (LBO) - Sri Lanka's Finance Minister has orderd authorities to investigate and report to him on how liquor licenses were issued for taverns …
EU delegation visits Katunayake export zone
Sep 16, 2019 (LBO) - A delegation consisting of five senior officials of the European Commission visited the Katunayake Export Processing Zone recently in …
Fitch affirms Hatton National Bank at ‘AA-(lka)’; Outlook stable
Fitch Ratings has affirmed Sri Lanka-based Hatton National Bank PLC's (HNB) National Long-Term Rating at 'AA-(lka)'. The Outlook is Stable. At the same time, …