Category: Industry
Hemas Group reports operating profit of 1.1Bn delivers strong Q1 performance
Hemas Holdings PLC (HHL) delivered yet another strong quarter amidst challenging operating environment conditions with key businesses gaining momentum in all areas. The Group’s continued focus on growing the Consumer and Healthcare businesses along with operational excellence, contributed to the resilient performance. However, the resurgence of COVID-19 positive cases, and inter provincial and localised limitations […]
‘ National Ratings Constrained by Sovereign Rating: Fitch
The National Ratings on Sri Lankan banks remain constrained by the sovereign credit profile (CCC), Fitch Ratings says. The highest National Rating for domestic banks with ratings driven by their intrinsic credit profiles is ‘AA-(lka)’. This is the highest point on the national scale that corresponds to an international scale rating of ‘CCC’ according to […]
Nations Trust Bank Delivers Strong Performance While Continuing To Support Nation’s Economic Revival
Nations Trust Bank continued to demonstrate its resilience in performance during the year. The loan portfolio increased by LKR 26 billion recording a 12% growth during the first six months of the year despite the challenging business environment. While continuing to provide working capital loans under the “Saubagya” scheme introduced by the government, the Bank […]
ComBank notches 3rd Rs 1 Trillion mark in Balance Sheet in dynamic Q2
A strong second quarter, during which its loan book crossed the milestone of Rs 1 trillion, another first by a local private bank, has generated noteworthy growth in key indicators for the Commercial Bank of Ceylon Group for the six months ended 30th June 2021. Comprising of Sri Lanka’s largest private sector bank, its subsidiaries […]
Video Interview: Women in leadership – Sandra De Zoysa
In this women in leadership interview series, LBO will connect with some of the most successful female leaders and entrepreneurs in Sri Lanka, to uncover the tenacity of each woman leader, how they pushed boundaries and find balance to rise to the top of their industry. If you are an aspiring future leader, you will […]
”; Outlook stable
Fitch Ratings has assigned Asia Securities (Pvt) Ltd (ASPL) a National Long-Term Rating of ‘BBB-(lka)’. The Outlook is Stable. ASPL is a prominent equity brokerage in Sri Lanka. The company, which was founded in 1990, also offers broker credit services to its clients. KEY RATING DRIVERS The rating on ASPL reflects its franchise as one […]
Video Interview: Women in leadership – Sandra De Zoysa
In this women in leadership interview series, LBO will connect with some of the most successful female leaders and entrepreneurs in Sri Lanka, to uncover the tenacity of each woman leader, how they pushed boundaries and find balance to rise to the top of their industry. If you are an aspiring future leader, you will […]
PUCSL reaches 100-pct success rate in North Central province with consumer mobile service
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator reached a 100 percent success rate in solving more than 350 electricity consumer issues in North Central Province under its newly launched consumer mobile service programme. “The Public Utilities Commission of Sri Lanka is in the view that officers should go to the […]
Central Bank streamlines complaint handling procedure; introduces hotline
The Financial Consumer Relations Department (FCRD) established under the provisions of Section 33 of the Monetary Law Act No. 58 of 1949, as amended, continues to serve as the single point of contact to handle complaints against financial service providers (FSPs) regulated by the Central Bank of Sri Lanka (CBSL). FCRD introduced a complaint submission […]
Sri Lanka Tourism attracts over USD950Mn in investment despite pandemic
Foreign investment is a key driver of economic growth, as is the revenue generated via tourism. As one of its primary exports, tourism remains Sri Lanka’s calling card to the world. Over the last fifteen months (March 2020-June 2021) the government has attracted over $950 million in investments, dedicated to revitalising the island’s burgeoning tourism […]
UK’s CDC Group commits USD50Mn to ComBank to bolster SME lending and climate projects
Facility to target funding directly at underserved SMEs, boost jobs and promote economic and social inclusion across Sri Lanka Supports development of clean energy efficiency initiatives, underpinning Sri Lanka’s commitment to the Paris Agreement Commitment marks CDC’s first climate investment in Sri Lanka and its first direct investments in the country since 2012 The Commercial […]
”; Outlook Negative
Fitch Ratings has downgraded AMW Capital Leasing And Finance PLC’s (AMWCL) National Long-Term Rating to ‘A(lka)’, from ‘AA-(lka)’. The Outlook is Negative. KEY RATING DRIVERS AMWCL’s National Long-Term Rating is driven by Fitch’s expectation that Associated Motorways Private Limited (AMW), a large importer of motor vehicles in Sri Lanka that owns 90% of AMWCL, will […]