Author: LBO Admin
Capital Trust Properties (Pvt) Ltd. joins Leading Real Estate Companies of the World®
Capital Trust Properties (CTP), recognized as the largest property transaction company in Sri Lanka and a one-stop shop for all real estate services from A to Z, announced its membership in Leading Real Estate Companies of the World® (LeadingRE), the premier global network of independent residential real estate brokerages. This landmark partnership reinforces CTP’s commitment […]
Ceylinco Life retains No 1 spot in life insurance with premium income of Rs 37.14 bn. in 2024
Total income tops Rs 65.54 billion, with investment income of Rs 28.4 billion Total assets cross Rs 250 billion milestone Pays Rs 25 billion in net claims and benefits to policyholders Life Fund grows by 14.8% to Rs 180.9 billion CAR improves to 448%, 3.7 times the minimum requirement of 120% Ceylinco Life has emphatically […]
Serendib Frontier Capital Raises Rs. 475 Mn in Tier II Subordinated Debt for MBSL
Serendib Frontier Capital has successfully structured and placed Rs. 475 million in Tier II qualifying subordinated debt for Merchant Bank of Sri Lanka & Finance PLC (MBSL), providing MBSL with additional capital to support its growth and regulatory requirements. Serendib Frontier Capital managed the structuring and placement of the debt instrument, leveraging its expertise in […]
TRI-ZEN by John Keells Properties Celebrates Completion as Largest Residential Development in Heart of Colombo
John Keells Properties and Indra Traders hosted an event on the 28th of February 2025 to mark the successful completion of TRI-ZEN, the largest residential development in the heart of Colombo. Situated in Union Place, Colombo 2, TRI-ZEN is an 897-unit apartment complex designed to redefine urban living by seamlessly blending technology, accessibility, and contemporary […]
ComBank posts stellar results in 2024 after absorbing a SLISB restructure loss of Rs 45 bn
Net reversal of Rs 62 Bn. in impairment provisions compensates for loss from sovereign bonds restructuring Further accelerates lending with loan book growth of Rs 230 Bn., with approximately half of growth coming in Q4 Net interest income up 36.71% to Rs 118 Bn. Total taxes triple to Rs 62 Bn. PBT of […]
IMF Executive Board Completes the Third Review Under the Extended Fund Facility
The IMF Executive Board completed the Third Review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with immediate access to SDR 254 million (about US $334 million) to support its economic policies and reforms. Performance under the program has been strong. All quantitative targets for end-December 2024 were met, except the […]
CA Sri Lanka’s 2025 Curriculum Redefines the Chartered Accountant’s Role for Tomorrow’s Challenges
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) launched its transformative 2025 curriculum on 27th February 2025, marking a significant shift in the role of Chartered Accountants. The event was attended by Chief Guest Mr. Pradeep Saputhanthri, Secretary to the Hon. Prime Minister, along with industry & business leaders, senior government officials, […]
89% of IT leaders worry GenAI flaws could negatively impact their organization’s cybersecurity strategies
Sophos, a global leader of innovative security solutions for defeating cyberattacks today released a new report, “Beyond the Hype: The Businesses Reality of AI for Cybersecurity,” which surveyed 400 IT leaders on their use of AI in security. The survey found that, despite 65% having adopted generative artificial intelligence (GenAI capabilities), 89% of IT leaders […]
The Japan Sri Lanka Technical and Cultural Association announces JASTECA awards 2025
The Japan Sri Lanka Technical and Cultural Association (JASTECA) announced the launch of the prestigious JASTECA Awards 2025, reaffirming its commitment to recognizing Sri Lanka’s top-performing organizations in 5S, Kaizen, and Corporate Social Responsibility (CSR) practices. Since its inception, JASTECA has been a pioneer in advancing workplace excellence, operational efficiency, and sustainability. This year’s event […]
Alliance Finance Company Launches Green Bond on the Colombo Stock Exchange
Alliance Finance Company PLC (AFC), Sri Lanka’s oldest operating non-banking financial institution, marked a significant milestone with the issuance of its Green Bond on the Colombo Stock Exchange (CSE). The bell ringing ceremony, held on 27th February 2025 at the CSE Trading Floor, symbolized the company’s commitment to sustainable finance and responsible investment. The Listed, […]
Japan to Invest in Sri Lanka’s Digital Transformation and Port Development
President Anura Kumara Disanayake met with Ambassador of Japan to Sri Lanka, H. E. Mr. Akio ISOMATA, this morning (27) at the President’s Office. During the meeting, the Ambassador officially invited President Disanayake to visit Japan and expressed appreciation for the new government’s policy framework. The Japanese Ambassador stated that efforts have been made to […]
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Sri Lanka’s Central Bank has issued a warning regarding the unauthorized use of the terms ‘finance,’ ‘financing,’ and ‘financial’ in business names and descriptions. According to Section 10(2) of the Finance Business Act, No. 42 of 2011, only licensed finance companies and certain specified institutions are permitted to use these terms, either alone or in […]