John Keells Holdings secures USD 175 mn long-term financing facility from IFC
Jun 23, 2020 (LBO) – Sri Lanka's diversified John Keells Holdings on Tuesday entered into a long-term financing agreement with the International Finance …
Banking and Finance
Nation Lanka Finance appoints Suresh Amerasekera as CEO
Jun 23, 2020 (LBO) – Nation Lanka Finance (NLF) announced the appointment of Suresh M. Amerasekera as their new CEO with effect from 9 June 2020. buy advair …
HNB records sharp spike in cardless transactions during COVID lockdown
Jun 23, 2020 (LBO) - Leading private sector bank HNB PLC, reported a 70 percent increase in the use of its cardless cash withdrawal facility, Cash to Mobile …
Ranjith Kodituwakku appointed People’s Bank CEO
Jun 22, 2020 (LBO) – Ranjith Kodituwakku has been appointed as the Chief Executive Officer/ General Manager of People’s Bank with effect from June 19, …
People’s Bank introduces multiple loan schemes in line with government direction
Jun 22, 2020 (LBO) – The Chairman and Board of Directors together with the management of the People’s Bank in accordance with the direction of the …
Only the rate cut of CB not enough: Cabraal
Jun 19, 2020 (LBO) - Sri Lanka needs to think out of the box and have a different approach to the present local and world economic crisis stemming from COVID …
“Exporters optimistic about new market opportunities” new USAID survey
Jun 19, 2020 (LBO) - “Sri Lankan exporters are cautiously optimistic about business continuity amidst a global pandemic,” reveals the findings of a new …
Developing Asia to grow just 0.1-pct in 2020:ADB
Jun 19, 2020 (LBO) - Developing Asia will barely grow in 2020 as containment measures to address the coronavirus disease (COVID-19) pandemic hamper economic …
‘Softlogic Invest’ launches Equity Fund & Money Market Fund
Jun 17, 2020 (LBO) – Softlogic Invest, the Asset Management arm of Softlogic Capital, recently launched two unit trusts or mutual funds - Softlogic Equity …
State Banks must play their bounden role in economic revival: President
Jun 16, 2020 (LBO) - The State Banks should make their bounden contribution to rebuild the economy which is in a perilous state due to COVID – 19 pandemic. …
Housing for middle and low income families a priority: President
Jun 12, 2020 (LBO) - President Gotabaya Rajapaksa instructed the officials of the State Development and Construction Corporation to pay attention to the …
Nations Trust Bank offers easy access to your statements
Jun 10, 2020 (LBO) - Nations Trust Bank achieved another “first” in the industry by introducing “Nations Online Statement Platform”. Customers of …
Roadmap to post-COVID-19 economic recovery
Jun 08, 2020 (LBO) - What is Sri Lanka’s strategy to help the country’s economy recover? What should our policy priorities be, both medium and long term, …
Standard Chartered supports MAS Intimates’ combat against COVID-19
Jun 08, 2020 (LBO) - Standard Chartered announced today that MAS Intimates (Pvt) Ltd., a division of MAS Holdings, became the first company in South Asia to …
First phase of compensation payment for The Finance Company depositors
Jun 04, 2020 (LBO) – The Central Bank has taken steps to pay compensations up to 600,000 rupees to all insured depositors of The Finance Company (TFC) as per …
Sri Lanka export earning drop 42.3-pct in Mar 2020
Jun 02, 2020 (LBO) - The deficit in the trade account narrowed in March 2020 to US dollars 549 million, from US dollars 592 million in March 2019, as the …
How can we adjust our capitalist system to face post COVID-19 challenges?
An article by Tharaka Balasuriya With the chaos resulting from Covid 19, many have questioned the effectiveness of the neoliberal economic model. A debate …
ComBank raises another Rs.10Bn to support COVID-19 affected SME exporters
Jun 01, 2020 (LBO) - The Commercial Bank of Ceylon has announced the commitment of approximately Rs 10 billion to a Bank-funded COVID-19 Support Loan Scheme to …
Commercial Credit appoints D Soosaipillai as new Chairman
May 26, 2020 (LBO) – D Soosaipillai, a pioneer in the leasing and financial services industry both in Sri Lanka and overseas was recently appointed as the …
Central Bank cancels finance business licence of The Finance Company
May 22, 2020 (LBO) – Sri Lanka's Central Bank has decided to cancel the finance business licence issued to The Finance Company (TFC), in terms of the FBA …