PwC Sri Lanka launches Oracle Cloud Application consulting practice
In an effort aimed at helping business enterprises in the country keep up with changing times and embrace digital solutions, PwC Sri Lanka recently launched …
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Sri Lanka’s first-ever portal for free corporate secretarial advice launched
Internationally acclaimed Chartered Corporate Secretary Isura Sirisena recently launched Sri Lanka’s first-ever online portal for free corporate secretarial …
PropertyGuru Asia Property Awards shortlists best developers of 2017
Sep 06, 2017 (LBO) - Sri Lanka’s developers will compete in the PropertyGuru Asia Property Awards Grand Final with nine shortlisted companies competing in …
Sri Lanka’s high-end condos under pressure, no bubble yet
Sept 06, 2017 (LBO) - Sri Lanka’s luxury residential condominium prices would stagnate or come down in 2018-2020 due to large levels of unabsorbed supply, …
Sri Lanka’s PABC’s Outstanding Debentures gets ‘BB+(lka)’ rating: Fitch
(PRESS RELEASE) - Fitch Ratings-Colombo-04 September 2017: Fitch Ratings has assigned Pan Asia Banking Corporation PLC's (PABC, BBB-(lka)/Stable) outstanding …
Fitch rates Pan Asia Bank’s outstanding debentures BB+(lka)
Fitch Ratings has assigned Pan Asia Banking Corporation PLC's (PABC, BBB-(lka)/Stable) outstanding Sri Lanka rupee-denominated Basel II-compliant subordinated …
Sri Lankan banking system outlook negative on macroeconomic risks: Moody’s
Aug 31, 2017 (LBO) – Moody's Investors Service says that the outlook for Sri Lanka's banking system is negative, with both asset quality and profitability …
Melstacorp increases shareholding of Aitken Spence
Aug 31, 2017 (LBO) – Sri Lanka’s diversified Melstacorp has further increased its shareholding at Aitken Spence by 1.99 percent of the issued share capital …
Bank of Ceylon confers Master Brand status by CMO Council Asia
The Bank of Ceylon was conferred the Master Brand status for the year 2017- 2018 by the CMO Council Asia at the ceremony held at Taj Samudra Hotel Colombo …
Sri Lanka accepts power generation with LNG as policy
Aug 30, 2017 (LBO) – Sri Lanka’s cabinet on Tuesday officially accepted generating electricity with Liquid Natural Gas and providing required …
China and Sri Lanka to establish sister city relationships
Aug 31, 2017 (LBO) - Authorities in Monaragala, Uva Province Sri Lanka, have signed an MOU on establishing a sister city relationship with Jishan, Shanxi …
Dilmah Ceylon to consolidate, acquire export business of MJF Teas
Aug 30, 2017 (LBO) – Sri Lanka’s global tea brand Dilmah Ceylon Tea Company is to acquire the tea export business of MJF Teas (Private) Limited for 442.5 …
Fitch affirms Citibank N.A. – Colombo branch at AAA(lka); outlook stable
Fitch Ratings Lanka has affirmed Citibank N.A. - Colombo Branch's (CitiSL) National Long-Term Rating at 'AAA(lka)'. The Outlook is Stable. KEY RATING DRIVERS …
NDB opens Private Wealth Center for high net worth clients
The NDB Private Wealth Center recently become Sri Lanka's first all-in-one financial services hub, following the opening of its very own NDB bank branch. …
Sri Lanka ranks 11th worst-affected in malware attacks in Asia
Aug 29, 2017 (LBO) - Microsoft Asia recently released regional findings from their global Security Intelligence Report which found that Asian countries, …
Seylan Bank to raise Rs10bn through listed debenture
Aug 29, 2017 (LBO) – Sri Lanka’s Seylan Bank plans to raise as much as 10 billion rupees from an issue of debentures which will be quoted on the Colombo …
Hayleys Advantis buys Sri Lanka Shipping Company for Rs4.9 bln
Aug 28, 2017 (LBO) – Hayleys Advantis Limited, a subsidiary of Hayleys PLC, has acquired 94.81 percent equity stake of Sri Lanka Shipping Company Limited for …
Fitch assigns Siyapatha’s subordinated debt final BBB+(lka)
Fitch Ratings Lanka has assigned Siyapatha Finance PLC's (Siyapatha; A-(lka)/Negative) subordinated redeemable debentures of up to LKR1 billion a final …
Sri Lankan startups pitch for Oslo Innovation Week
Aug 28, 2017 (LBO) - Sri Lankan startups can take part in Oslo Innovation Week, with a pitching event this week, says the Sri Lanka Association of Software and …
‘Partner Flies Free’ offer on SriLankan Airlines with Visa
SriLankan Airlines is celebrating its 38th anniversary by giving away one thousand free return air tickets to 14 exciting destinations. The fabulous ‘Partner …