JKH Sept quarter net profit down 55-pct amid Easter Sunday impacts
Nov 01, 2019 (LBO) – Sri Lanka’s diversified John Keells Holdings said its profits for the second quarter were mainly impacted by the Easter Sunday impacts …
Banking and Finance
Moody’s affirms 3 Sri Lankan banks’ ratings
Nov 01, 2019 (LBO) – Moody's Investors Service has affirmed the long-term/short-term local currency deposit ratings of Bank of Ceylon (BOC), Hatton National …
Seylan Bank records profit after tax of Rs. 2.6Bn in 3Q 2019
Oct 31, 2019 (LBO) – Seylan Bank closed the nine months ending 30th September 2019 with a post-tax profit of Rs. 2,554 Mn, a marginal increase of 1% over the …
Opinion: Are apartment developers moving to suburbs?
LankaPropertyWeb's (LPW) With Colombo city turning into a business hub more than a residential area, recent studies of LankaPropertyWeb (LPW) show that …
Tax concessions and benefits for public servants announced during VoA
Oct 28, 2019 (LBO) - Finance Minister Mangala Samaraweera announced tax concessions and benefits for public servants at the time of presenting the Vote on …
The Finance Company looking at a new investor
Oct 25, 2019 (LBO) – The Finance Company (TFC) is currently working with a company that has expressed its interest to invest at TFC as a shareholder through …
Central Bank to issue license cancellation notice to The Finance Company
Oct 23, 2019 (LBO) – Monetary Board of the Central Bank has decided to issue a Notice of Cancellation of the License issued to The Finance Company (TFC), …
Challenges faced by SL’s real estate market; A direct reflection of the economy
Oct 21, 2019 (LBO) - Real estate is one of the Sri Lanka’s major revenue-generating sources. The country’s post-war impressive growth has led this sector …
Real-time online payment facility for BOI customers
Oct 21, 2019 (LBO) - The Board of Investment of Sri Lanka has taken another significant step forward where customers have the convenience of making their …
ICRA Lanka revises outlook on issuer rating of BoC to negative
Oct 21, 2019 (LBO) - ICRA Lanka Limited, subsidiary of ICRA limited, a group company of Moody’s Investors Service, has reaffirmed the issuer rating of Bank …
LankaPay, JCB International announce commercial roll-out of National card scheme
Oct 16, 2019 (LBO) - LankaClear (Pvt) Limited, the operator of LankaPay, Sri Lanka’s National payment network, together with JCB International Co., Ltd. , …
Hemasiri Fernando retires from Chairmanship of People’s Leasing & Finance
Oct 15, 2019 (LBO) – Former Defence Secretary, Hemasiri Fernando has retired from the office of People’s Leasing & Finance with effect from 12 October …
SL calls for integrated , balanced approach for prevention of drug use and abuse
Oct 15, 2019 (LBO) - Sri Lanka has called for an integrated and balanced approach in the prevention of drug use and abuse, noting that tackling this issue …
Sri Lanka CB maintains policy rates unchanged
Oct 11, 2019 (LBO) - Sri Lanka's Monetary Board has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) …
CAL surpasses an LKR 100 Bn footprint in Investment Banking
Oct 10, 2019 (LBO) – Capital Alliance (CAL) has continued its reign as the market leader in Investment Banking services (Debt & Equity fundraising and …
John Keells Hotels provides Rs. 2.45 bn corporate guarantee to People’s Bank
Oct 09, 2019 (LBO) – John Keells Hotels has given a corporate guarantee for 2.45 billion rupees to People’s Bank, in respect of a long-term loan facility …
Sampath Bank ranks among Sri Lanka’s 10 Most Admired Companies
Standing testimony to its superlative service to the nation, Sampath Bank was placed among Sri Lanka’s 10 Most Admired Companies at the ‘Most Admired …
Softlogic Capital to raise Rs1.5Bn
Oct 08, 2019 (LBO) - Softlogic Capital PLC has decided to raise Rs 1,500 million through a debenture issue, a statement said. Soflogic Capital said in a …
Sri Lankan bank lending rate cap may not support loan growth : Fitch
Oct 07, 2019 (LBO) - The lending rate cap recently imposed by the Central Bank of Sri Lanka (CBSL) on rupee-denominated loans extended by Sri Lankan banks may …
LankaPropertyWeb partners with HNB for Home Loan Products
LankaPropertyweb.com (LPW), Sri Lanka’s premier property site, recently tied up with Hatton National Bank (HNB) to offer its customers a range of home loan …