SriLankan Airlines completes acquisition of its final Airbus Neo aircraft
July 30, 2018 (LBO) – SriLankan Airlines on Monday welcomed its newest and final addition to the Airbus A321 Neo fleet. SriLankan Airlines said the aircraft …
Companies
Bathiya and Santhush appointed brand ambassadors for Sony audio products in Sri Lanka
Singer (Sri Lanka) PLC, the country’s premier consumer durables retailer, together with Sony International, has appointed Sri Lanka’s leading musical duo …
Impairment provisions affect Sri Lanka’s DFCC Bank bottom line
July 30, 2018 (LBO) – Sri Lanka’s DFCC Bank, the banking arm of the DFCC Group reported a drop in profit for the second quarter amidst a challenging …
UAL only Sri Lankan company in Forbes Asia’s 200 ‘Best under a Billion’ 2018 list
Jul 30, 2018 (LBO) – Sri Lanka’s Union Assurance PLC, a life insurance provider has made it to Forbes Asia’s 2018 list of ‘Best under a …
Moody’s affirms ratings of BOC, HNB & Sampath; maintains negative outlook
July 26, 2018 (LBO) – Moody’s Investors Service has affirmed the local currency deposit ratings of Bank of Ceylon (BOC), Hatton National Bank Ltd. …
Fitch affirms Lion Brewery at A+(lka); revises outlook to stable
July 26, 2018 (LBO) – Fitch Ratings has affirmed Sri Lanka-based Lion Brewery (Ceylon) PLC’s National Long-Term Rating at ‘A+(lka)’ and …
Central Bank decides to cancel licence of Standard Credit Finance Limited
July 25, 2018 (LBO) – Monetary Board of the Central Bank of Sri Lanka has decided to cancel the Licence issued to Standard Credit Finance Limited with effect …
Fitch maintains negative watch rating on Sri Lanka’s HDFC Bank
Jul 24, 2018 (LBO) – Fitch Ratings has maintained Housing Development Finance Corporation Bank of Sri Lanka’s (HDFC Bank) National Long-Term …
Nation Lanka Finance squeaks out a profit in the June quarter, deposits at Rs7.7bn
July 20, 2018 (LBO) – Colombo Stock Exchange listed company Nation Lanka Finance PLC (CSF) has turned a profit in the quarter ended June 30, 2018. The …
Sri Lanka Trade Information Portal to be unveiled tomorrow
July 19, 2018 (LBO) – Sri Lanka will unveil one of the biggest initiatives in its international trade history when the Department of Commerce launches the …
US Trade Court nullifies tax on Sri Lanka rubber tyre imports in historic judgement
July 17, 2018 (LBO) – Sri Lanka has won the first ever revocation of countervailing duty imposed in US for a Lankan export with the removal of duties on the …
Fitch downgrades Melsta Regal Finance; affirms 9 Sri Lankan Finance Companies
July 17, 2018 (LBO) – Fitch Ratings Lanka has downgraded Melsta Regal Finance’s National Long-Term Rating to ‘B(lka)’ from …
CSE to host briefing for potential Empower Board sponsors
Jul 17, 2018 (LBO) – The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) recently launched …
National Export Strategy to be launched this week
Jul 16, 2018 (LBO) – Sri Lanka is to launch a long-awaited National Export Strategy (NES) later this week on the 19th. “The National Export …
Tire maker Michelin acquires Camso
Jul 16, 2018 (LBO) – Michelin, a tire company has acquired Camso, an off-the-road (OTR) track and tire company, for US 1.45 billion dollars. The two …
CSE to host briefing event for potential Empower Board sponsors
Colombo Stock Exchange (CSE) and the Securities and Exchange Commission (SEC) recently launched “Empower”, a listing platform fostering capital …
Sri Lanka seeks investments from France for Megapolis project
July 13, 2018 (LBO) – Sri Lanka recently concluded an investment forum in France aimed at attracting foreign investments for the Megapolis project that is …
Fitch removes Rating Watch Negative on Distilleries; affirms at AAA(lka)
July 13, 2018 (LBO) – Fitch Ratings has removed the Rating Watch Negative on Distilleries Company’s National Long-Term Rating, and has affirmed the …
Arpico Finance, Associated Motor Finance merger to be completed by Nov 2019
July 12, 2018 (LBO) – Process of amalgamating Associated Motor Finance (AMF) with Arpico Finance Company (AFC) which commenced in August 2017 is expected to …
Central Bank instructs SFSP to pay 10-pct of deposit liabilities from today
July 10, 2018 (LBO) – Monetary Board of the Central Bank has instructed Swarnamahal Financial Services PLC (SFSP) to pay urgently 10 percent of deposit …