SLBA rejects “misconceived” diatribe against lending and debt recovery practices of banks
The Sri Lanka Bank’s Association (SLBA) has rejected a reported recent tirade against banks by two senior lawmakers, describing their remarks as …
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Administrative penalties imposed by FIU on Financial Institutions from Jan 1st to Apr 30th 2024
By virtue of the powers vested under Section 19(1) read together with section 19(2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), …
Monetary Authority of Singapore visits SL to collaborate in field of digital economy
The High Commissioner of Sri Lanka of Singapore Senarath Dissanayake met with the Chief Fintech Officer of the Monetary Authority of Singapore (MAS) Sopnendu …
CPC Management Discuss Implementation Timeline for Reforms
A discussion on the timeline and process for implementing the reforms took place with the senior management of CPC and Refinery yesterday. "The CPC current …
Sri Lanka’s Apparel Industry Hosts the First Textile and Apparel Roadshow in the UK
The Sri Lanka Export Development Board (EDB), Sri Lanka Apparel Sourcing Association (SLASA), Sri Lanka High Commission in the UK, and Joint Apparel …
CBSL appoints two new deputy Governors
In terms of the provisions in the Central Bank of Sri Lanka Act, No. 16 of 2023, Minister of Finance, as recommended by the Governing Board, has appointed A A …
ComBank’s Rs 10Bn debenture issue opens 2nd July
The Colombo Stock Exchange (CSE) has approved in principle the listing of Commercial Bank of Ceylon PLC’s Rs 10 Billion Debenture Issue opening on Tuesday …
Commercial Credit and Finance secures 1st place in K Seeds Investments’ ranking report
K Seeds Investments (Pvt) Ltd identified Commercial Credit and Finance PLC as the best performing finance company under the 1st category among the 28 listed …
ComBank biggest lender to Sri Lanka’s SMEs for 4th consecutive year
The Commercial Bank of Ceylon was the biggest lender to Sri Lanka’s small and medium enterprises (SME) sector by a huge margin in 2023, accounting for nearly …
Ceylon Chamber and Global Alliance partner for sustainable development and climate action
The Ceylon Chamber of Commerce and the Global Alliance for a Sustainable Planet (GASP) signed a Memorandum of Understanding (MOU) to tackle urgent climate …
Ceylon Chamber commends board-level agreement on second IMF review, Calls for sustained economic reforms
The Ceylon Chamber of Commerce congratulates the Government of Sri Lanka for securing a board-level agreement on the second review of Sri Lanka’s Extended …
Fitch assigns National Development Bank’s basel III subordinated debt ‘BBB(EXP)(lka)’
Fitch Ratings - Colombo - 14 Jun 2024: Fitch Ratings has assigned National Development Bank PLC's (NDB, A-(lka)/Stable) proposed Sri Lankan rupee-denominated …
CSE’s implementation of shortened settlement cycle for equity trades proves successful
The Colombo Stock Exchange’s (CSE) implementation of the shortened settlement cycle for equity trades has been executed seamlessly with the first settlement …
WealthOS successfully raises £4Mn with institutional investors Barclays
WealthOS, a UK-based cloud-native wealth management platform founded by two Sri Lankan entrepreneurs and with product and engineering operations in Sri Lanka, …
PRCA Country Rep calls for ethics and standards in Sri Lanka’s advertising and marketing industry
Sri Lanka needs to put together a cohesive and comprehensive set of regulations and standards when it comes to advertising, marketing and communications and …
Nobel Biocare launches in SL, Bringing advanced dental implant solutions with Delmege Healthcare
Nobel Biocare, a global leader in innovative implant-based dental restorations, is thrilled to announce its official launch in Sri Lanka. This marks the first …
Fitch assigns Comm Bank’s basel III subordinated debt final ‘BBB+(lka)’
Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (COMB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III- compliant subordinated …
The Sri Lanka Coffee Festival returns for an exciting round three
The Lanka Coffee Association, in partnership with Australia’s Market Development Facility (MDF) and Jetwing Hotels, successfully hosted the third-annual Sri …
The Ceylon Chamber Welcomes New Electricity Bill
In a landmark decision, the Parliament of Sri Lanka has approved the long-awaited Electricity Bill, marking a significant milestone in public sector reform. …
WSO2 Hosts IAM CxO Event for Banking and Financial Services Industry Leaders
Identity and Access Management (IAM) is crucial in ensuring security, regulatory compliance, and delivering exceptional customer experience in critical …