Category:
‘ 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 […]
Aitken Spence records stellar performance in 1Q from non-tourism sectors
Aitken Spence PLC made an impressive comeback in the first quarter ending 30th June 2021 by recording a 145% increase in Profit Before Tax (PBT) of Rs. 1.2 billion compared to Rs. 513 million in the previous year from the non-tourism sectors. The Group’s non-tourism sectors recorded a 96% increase in EBITDA (Earnings-inclusive of equity accounted investees, […]
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 […]
European Union & WHO provide critical support to Sri Lanka as pandemic continues
Critical emergency medical equipment has been made available to 78 hospitals across the country for the COVID-19 response through a partnership between the World Health Organization (WHO) and the European Union (EU). These include high dependency unit (HDU) beds, finger pulse oximeters, oxygen concentrators, oxygen jumbo cylinders, and other urgent supplies. The supplies are part […]
JAT Holdings commences trading at Colombo Stock Exchange
Following a successful Initial Public Offering (IPO), JAT Holdings Limited commences trading of shares today (12). Oversubscribed on the first day, the JAT IPO raised Rs. 2.2 billion by offering 82,904,846 ordinary voting shares to the public. The IPO price per share stood at Rs. 27.00 and offered an immediate upside of 21% to an […]
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 […]
TISL Calls for Appointment of an Independent RTI Commission in September
The tenure of the Right to Information (RTI) Commission which is the central oversight and appellate body established under the Right to Information Act of Sri Lanka is set to expire in September this year. Transparency International Sri Lanka (TISL) calls for the appointment of the new commissioners in line with the procedures set out […]
JAT Holdings to reap benefits of manufacturing in Bangladesh ahead of schedule
JAT Holdings Limited, Sri Lanka’s trusted industry leader in finishing and furnishing, witnesses immense organizational progress fueled by the firm’s intention to begin its manufacturing operations in Bangladesh further boosting its already established presence in the country. Following the recent Initial Public Offering (IPO), JAT Holdings is ahead of schedule to fulfil its near-term objectives, […]
Transforming Sri Lanka into a Startup Nation
Post COVID19, Sri Lanka will be in an ideal position for a major pivot away from its old safety net of traditional investments. With global trends currently favoring new investment opportunities, smart investors will do well to consider alternatives such as venture funding in startups to further add value to their portfolios, to ensure they […]
”; 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 […]