Business Excellence program
A training on Business Excellence will be conducted at the Mövenpick Hotel on the 10th of January 2020. The session will cover the areas of time management, …
Banking and Finance
Government directs banks to suspend recovery of SME loans
Dec 20, 2019 (LBO) – Sri Lanka’s Finance Ministry says the government has issued directives to Chairmen and CEOs of all banks to suspend the recovery of …
Sri Lanka economy boosted after election by local investor activity: ICRA
Dec17, 2019 (LBO) – Sri Lanka’s overview activities in the economy improved post presidential election driven by positive sentiments from the local …
Mobitel to play critical role as connectivity partner for Hatton National Bank
(PRESS RELEASE) – HNB as the communication and solutions partner. MEB offers industry-best ICT services and provide tailor made business solutions using …
Mark Mobius says Sri Lanka has foreign investors appeal for tourism, fin-tech and real estate
Dec 11, 2019 (LBO) – Emerging markets investor, Dr. Mark Mobius highlighting Sri Lanka’s strengths said he sees immense growth potential in the …
Fiscal stimulus will boost demand in short-run but create instability in long-run: ICRA
Dec 11, 2019 (LBO) – The Government of Sri Lanka (GoSL) reduced variety of taxes substantially in an attempt to revive the economy, which could possibly …
Sri Lanka aims at 6.5-pct GDP growth from 2020
Dec 09, 2019 (LBO) – Sri Lanka’s economic activity will pick up following a series of tax cuts and the expansion of economic activity will boost Gross …
Fitch rates Nations Trust Bank’s Basel III subordinated debt final A-
Dec 05, 2019 (LBO) – Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) proposed Basel III-compliant subordinated unsecured …
Mitra Innovation Director talks 2019 accomplishments & future plans
Dec 04, 2019 (LBO) – Director and Head of Mitra Products, Bivendra Narangoda, said the Company’s Product Business Unit has had a phenomenal 2019 with an …
CA Sri Lanka Annual Report Awards: ComBank crowned winner, Hayleys second place
Dec 04, 2019 (LBO) – Commercial Bank was crowned the winner at the 55th Annual Report Awards winning the coveted ‘Cyril Gardiner Memorial Trophy’ for …
Fitch withdraws AA-(EXP) rating on Commercial Bank’s Basel III subordinated debt
Dec 03, 2019 (LBO) – Fitch Ratings is withdrawing the expected National Long-Term Rating of ‘AA-(EXP)(lka)’ assigned to Commercial Bank of Ceylon …
ComBank wins 7 awards including ‘Governance’ and ‘Social Sustainability’ at Best Corporate Citizen awards
The Commercial Bank of Ceylon’s commitment to People, the Planet and Profit – the three pillars of sustainability – saw Sri Lanka’s benchmark private …
Investor Dr. Mark Mobius in Colombo next week
Dec 03, 2019 (LBO) – Colombo’s upcoming major mixed development, Cinnamon Life announced the visit of the legendary emerging markets investment …
Sri Lankan insurers’ regulatory capital positions drop on IFRS 16 adoption: Fitch
Dec 03, 2019 (LBO) – Sri Lankan insurers’ risk-based capitalisation (RBC) ratios have fallen with the adoption of new accounting standards for lease …
Sri Lanka Y-o-Y inflation down to 4.4-pct in Nov 2019
Dec 02, 2019 (LBO) – The yer‐on‐year inflation as measured by CCPI is 4.4 percent in November 2019 and inflation calculated for October 2019 was 5.4 …
Sri Lanka to introduce new scoring system to CRIB from January
Nov 29, 2019 (LBO) – Sri Lanka’s Central Bank said a new scoring system will be introduced to the Credit Information Bureau (CRIB) from January next year. …
Fitch revises expected rating on HNB Finance’s sub-debt issue to BBB+(EXP)
Nov 28, 2019 (LBO) – Fitch Ratings has revised the expected National Long-Term Rating on HNB Finance Limited’s (HFL, A(lka)/Stable) proposed Sri Lanka …
Reports about any potential investment in TFC not true: Central Bank
Nov 27, 2019 (LBO) – Sri Lanka’s Central Bank on Wednesday clarified that the information published in newspapers regarding any potential investment in …
Door is open for a rate cut: First Capital Research
Nov 25, 2019 (LBO) – First Capital Research believes that there is a possibility for a rate cut considering the need to address the sluggishness in economic …
Sri Lanka inflation hits high of 5.6-pct in October 2019
Nov 22, 2019 (LBO) – The National Consumer Price Index (NCPI) for all items for the month of October 2019 was 131.9, an increase of 1.3 index points or …