Regional Aspirations
January 24 (LBO) – The proposed merger of Sri Lanka's National Development Bank and Commercial Bank will give the merged entity more clout to spread its …
January 24 (LBO) – The proposed merger of Sri Lanka's National Development Bank and Commercial Bank will give the merged entity more clout to spread its …
January 22, 2007 (LBO) – Sri Lanka plans probe deeper into the financial activities of non-governmental organizations, by beefing up its financial …
Sri Lanka limited Friday the ownership of banks to prevent individuals or groups making hostile takeover bids that could destabilise the country's small …
Jan 17, 2007 (LBO) – Investors in mutual funds with an equity component have managed to beat raging inflation last year, with Sri Lanka's youngest fund, …
Jan 16, 2007 (LBO) – Japan on Tuesday gave Sri Lanka 30 million rupees to design a new bridge connecting Mannar to the mainland, the finance ministry …
January 13, 2007 (LBO) – Sri Lanka's proposal to retain 50 percent of re-insurance business in a government-backed entity, may deteriorate the quality of …
January 12, 2007 (LBO) – Sri Lanka's central bank has allowed finance companies to form subsidiaries, raised single borrower limits, but tightened …
January 10, 2007 (LBO) – Sri Lanka’s state-run Bank of Ceylon plans to sell off shares owned in NDB and DFCC Bank this year, to top up a gap in its …
January 09, 2007 (LBO) – Privately run Ceylinco Insurance, is offering on the spot cash facilities to settle customer claims, in an attempt to retain its …
January 8, 2007 (LBO) – Sri Lanka's Central Bank plans to revise the way commercial banks' compute the single borrower limit, as part of its drive to …
January 05, 2007 (LBO) – The long-awaited restarting of Pramuka Bank as the Sri Lanka Savings Bank will get underway soon, with the new entity due to …
January 2, 2007 (LBO) – Sri Lanka's Central Bank has lifted the minimum capital requirements of money changers by fivefold to 600,000 dollars with …
January 01, 2007 (LBO) – Sri Lanka's Janashakthi Group is set to take control of privately held financial service group First Capital, officials said …
December 14 (LBO) – Sri Lanka and the Asian Development Bank tied up a loan deal worth 210 million dollars on Thursday, to upgrade national highways and …
December 14 (LBO) – Rating agency Fitch gave pawn brokering business Edirisinghe Trust Investments a 'B+(lka)' long term rating, but said the company was …
December 13 (LBO) – Slow global economic growth, lower reserve build up and politics will be in the spotlight for sovereign credit assessments in …
November 12, (LBO) - The Bank of Ceylon has given 43.7 percent of its loans to the government and state-owned enterprises, and its exposure to government would …
December 11, 2006 (LBO) – Sri Lanka's powerful treasury secretary P B Jayasundara, has sent in his resignation, the state-run Daily News reported Monday. …
December 08, 2006 (LBO) – Sri Lanka's main opposition party has said the government should investigate suspected money laundering transactions in the …
December 8, 2006 (LBO) – Sri Lanka Friday gave banks extra time till 2009 to top up their capital by five times, the Central Bank said, as some banks …