Lanka Business Online – Sri Lanka business and economy news as …
WEBTransparency International Sri Lanka (TISL) expresses deep concern over the rampant misuse of public resources reported during the 'Presidential Election 2024'. With 580 complaints received as of Wednesday, September 4, TISL urges the Election Commission of Sri Lanka (ECSL) to take immediate and decisive action to halt these violations and ...
Commercial Bank launches CBC Finance as successor to Serendib …
WEBDec 31, 2020 · 42 of 2011. Products offered by CBC Finance include Leasing solutions for a wide range of vehicles and equipment including personal and commercial vehicles, special purpose vehicles, and agricultural equipment; Fixed Deposit facilities with attractive interest rates; and Loan facilities including Business Loans, Mortgage Loans, and Pledge Loans.
New Rules to Accelerate NPL Recognition by Sri Lankan FLCs
WEBMar 14, 2020 (LBO) - Tighter regulation in Sri Lanka on classification and measurement of credit facilities for finance and leasing companies (FLCs) will accelerate recognition of bad loans in 2020-2022, which is likely to exert pressure on FLCs' capitalisation due to the knock-on effects on their profitability, Fitch Ratings says. Nonetheless ...
Central Bank taps primary dealers for ideas – Lanka Business Online
WEBOct 21, 2005 · 5. Individual dealers views on the future role of primary dealers to develop the government securities market. -LBO Newsdesk: [email protected]. Sri Lanka's Central Bank has sought views from market players to improve the primary dealer system, in the backdrop of calls to widen the industry's revenue base.
Rizing acquires attune Lanka from MAS Holdings
WEBMay 5, 2021 · MAS Holdings announced today, that in line with its long-term strategic objectives, it has concluded the acquisition of its subsidiary attune Lanka (Private) Limited by Rizing. Rizing is a privately held, US-based boutique firm specializing in providing SAP solutions for Consumer Industries, Ent.
10 Sri Lankan Finance Companies ratings affirmed : Fitch
WEBJul 24, 2017 · 10 Sri Lankan Finance Companies ratings affirmed : Fitch. July 24, 2017 (LBO) - Fitch Ratings, a credit ratings agency, has affirmed the long-term issuer default ratings (IDRs) of ten local finance companies, a statement said. "Fitch expects capitalisation in the sector to come under pressure as a result …
Commercial Credit appoints D Soosaipillai as new Chairman
WEBMay 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 new Chairman of Commercial Credit. He succeeds Cecil Perera, a finance industry veteran and senior attorney-at-law who chaired the Board before him and retired after the regulatory 9 years ...
Sri Lanka Telecom & Mobitel join forces making history in national ...
WEBJan 3, 2021 · Sri Lanka Telecom (SLT) and SLT Mobitel unveiled their unified brand identity on January 1, 2021 at SLT Headquarters forming a formidable force creating a lasting legacy as the national Information and Communications Technology (ICT) solutions leader. The historic unification of products and service
Sri Lanka restricts outward remittances for 6 months to preserve ...
WEBJul 3, 2021 · With a view to assist and maintain the financial system stability by minimizing the pressure on the exchange rate and preserving the foreign currency reserve position of Sri Lanka, the Finance Minister with the recommendation of the Monetary Board of the Central Bank and the approval of the Cabinet has issued an Order under Section 22 of the Foreign Exchange Act.
CBSL starts increased compensation payment to depositors of …
WEBApr 8, 2021 · The Central Bank (CBSL) has commenced payment of the increased compensation amount of Rs 500,000/- under the Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS), to the depositors / relevant legal beneficiaries of Central Investments and Finance Limited (CIFL), The Standard Credit Finance Limited (TSCFL), TKS Finance Limited (TKSFL), The Finance Company PLC (TFC), ETI Finance ...
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