Author: LBO Admin
Ceylon Chamber Launches SPARK 2024 Youth Entrepreneurship Competition
The Ceylon Chamber of Commerce officially launched the SPARK Youth Entrepreneurship Competition – 2024, setting the stage for aspiring young entrepreneurs across the country to pitch their innovative business ideas and win big at the Grand Finale in September. Building on the success of its inaugural edition in 2023, which drew over 400 applications from […]
World Bank Approves USD150 million to Improve Primary Healthcare Services in Sri Lanka
The World Bank’s Board of Executive Directors has approved $150 million in financing for Sri Lanka to improve the quality and utilization of its primary healthcare services. The newly approved Sri Lanka Primary Healthcare System Enhancing Project will help improve quality of care and increase the use of primary medical care institutions, which provide essential health services […]
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 M Thassim, Assistant Governor and Secretary to the Governing Board, and J P R Karunaratne, Assistant Governor, as Deputy Governors of the Central Bank of […]
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 2nd July 2024. The Bank has announced an initial issue of 100 million Basel III Compliant – Tier 2 Listed Rated Unsecured Subordinated Redeemable Debentures with a Non-Viability Conversion feature, […]
Constituent Changes in S&P Sri Lanka 20 Index
The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2024 Mid-Year rebalance. The exclusions and inclusion as announced by S&P Dow Jones Indices, effective from 24th June 2024 (after the market close of 20th June 2024) are presented below. Exclusions […]
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 finance companies in Sri Lanka through a ranking carried out based on their financial performance for the fourth quarter of 2023/24. The report segregates the finance companies based on the […]
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 a third of the value of the loans disbursed by a total of 17 state and private sector lending institutions, the Ministry of Finance has confirmed. According to […]
‘s IMF agreement
Dr. Harsha de Silva has expressed significant concerns regarding the proposed imputed rent tax under Sri Lanka’s agreement with the International Monetary Fund (IMF), a statement said. He emphasized that this tax, categorized as an income tax rather than a property tax, could disproportionately impact a wide range of income earners. In a detailed analysis, […]
New World Bank Chief for Sri Lanka, Maldives and Nepal
David Sislen is the World Bank’s new Country Director for Maldives, Nepal, and Sri Lanka, effective July 1, 2024. Sislen succeeds Faris Hadad-Zervos, who will be taking on a new World Bank assignment. He isa dual national of the US and Italy, joined the Bank in 2001 as an Economist in the Urban Cluster Unit […]
Indian External Affairs minister Dr. Jaishankar to arrive tomorrow in Sri Lanka
The Minister of External Affairs of India, Dr. Subrahmanyam Jaishankar will be undertaking an official visit to Sri Lanka on 20 June 2024. During this visit, the External Affairs Minister of India is scheduled to pay courtesy calls on President Ranil Wickremesinghe and Prime Minister Dinesh Gunawardena. The visiting Indian External Affairs Minister and his […]
CFA Society Sri Lanka celebrates capital market excellence
The annual CFA Society Sri Lanka Capital Market Awards recognizing and rewarding excellence in the local capital markets was held on Tuesday, 18 June 2024, at the Oak Room, Cinnamon Grand, Colombo. This year’s CFA Society Sri Lanka Capital Market Awards – a flagship event in the CFA Society Sri Lanka calendar – was held […]
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 change issues and promote sustainable development globally. This partnership comes as the recent Intergovernmental Panel on Climate Change (IPCC) report highlights a significant risk of global temperatures rising 1.5°C above pre-industrial […]