Central Bank cancels licence issued to Axis Bank Limited in Sri Lanka
Oct 30, 2020 (LBO) – The Monetary Board of the Central Bank, having considered the request made by the Axis Bank Limited, India consequent to a policy …
Industry
Some parties with vested interests giving manipulated interpretations to our work: SLPA
Oct 29, 2020 (LBO) – Sri Lanka Ports Authority (SLPA) affirms that strict health measures have been introduced for the smooth operation of the Port of …
Tharaka Balasuriya reaffirms President’s commitment for 80-pct renewable energy
State Minister for Regional Co-operation Tharaka Balasuriya reaffirmed President Rajapaksa’s commitment for 80 percent renewable energy to UK’s COP26 …
Fitch assigns Sarvodaya Development Finance first time ‘B+(lka)’
Oct 29, 2020 (LBO) – Fitch Ratings has assigned Sarvodaya Development Finance Limited (SDF) a National Long-Term Rating of ‘B+(lka)’. The Outlook …
![NSB: [SL]AA(hyb) assigned to proposed basel III compliant additional tier I capital bond programme](https://www.lankabusinessonline.com/wp-content/uploads/2015/09/ICRA-lanka-rating.jpg "NSB: [SL]AA(hyb) assigned to proposed basel III compliant additional tier I capital bond programme")
NSB: [SL]AA(hyb) assigned to proposed basel III compliant additional tier I capital bond programme
Rating action ICRA Lanka Limited has assigned a rating of [SL]AA(hyb) with Stable outlook for the proposed LKR 5,000 Mn Basel III Compliant, Unlisted, Rated, …
Export industries to continue operations during curfew
Oct 28, 2020 (LBO) – The Sri Lanka Export Development Board (EDB) is currently facilitating to ensure that the operations of export industries remain …
CCC provides services for issuance of Certificate of Origin & certifying Commercial Documents
Oct 28, 2020 (LBO) – The Commercial Documents Registration Division (CDRD) of the Ceylon Chamber of Commerce with the purpose of providing an uninterrupted …
VMware unveils 5G and edge advancements
VMware, Inc. (NYSE: VMW) recently announced its 5G Telco Cloud Platform, empowering Communication Service Providers (CSPs) to better meet the growing demands …
EFutures develops an AI-driven weight management system
EFutures is a boutique software product engineering company that focuses on technology companies. For this project, our client’s goal was to enable effective …
Ceylinco Life’s 9-month income up 14-pct to Rs. 26Bn
Sri Lanka’s life insurance market leader Ceylinco Life has posted consolidated income of Rs. 26 billion for the nine months ending 30 September, achieving …
Focus on opportunities in developing agriculture to be explored at SL Eco Summit
COVID-19 has disrupted agriculture and supply chains in every corner of the globe. Firms in the supply chain have been tested and some have to transform their …
Opinion: Blockchain technologies can boost global economy USD 1.76Tr by 2030
Tracking and tracing of products and services has the largest economic potential (US$962bn) Public administration, education and healthcare sectors will …
Capacity expansion project at Colombo International Container Terminal
Oct 27, 2020 (LBO) – Sri Lanka’s cabinet has approved a proposal to expand the capacity at the Colombo International Container Terminal (CICT) with an …
MAGA completes civil works of Kelani Right-Bank Water Supply Project, Stage II
Oct 26, 2020 (LBO) – The Kelani Right-Bank (KRB) Water Treatment Plant is the joint-largest in the Country, and is expected to benefit more than 1.7 million …
SLTDA streamlines tourism investment approval process
Oct 26, 2020 (LBO) – Sri Lanka Tourism Development Authority (SLTDA) has made the tourism investment process easy by streamlining the project approval …
Development assistance from Norwegian Investment Fund (Norfund) to Sri Lanka
Ambassador Godfrey Cooray had a zoom meeting with the Chief Executive Officer of the Norwegian Investment Fund, Tellef Thorleifsson recently to seek …
Richard Pieris Group invests Rs. 1Bn in Richard Pieris Finance Ltd
Oct 26, 2020 (LBO) – Richard Pieris Finance Ltd is a member of the Richard Pieris Group, a diversified conglomerate with a workforce of 28,000 employees, …
Hemas Hospital Thalawathugoda issues statement regarding Covid-19 positive patient
Oct 23, 2020 (LBO) – Hemas Hospital Thalawathugoda in a statement to media said that a patient who visited the Emergency Treatment Unit (ETU) of the Hospital …
Central Bank cancels licence issued to ICICI Bank Limited in Sri Lanka
Oct 23, 2020 (LBO) – The Monetary Board of the Central Bank having considered the request made by the ICICI Bank Limited, India, has granted approval to …
Fitch affirms Melstacorp & subsidiary Distilleries at ‘AAA(lka)’; outlook stable
Oct 20, 2020 (LBO) – Fitch Ratings has affirmed the National Long-Term Ratings of Sri Lanka-based conglomerate, Melstacorp PLC, and its subsidiary, …