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Sri Lanka has been ranked 25th among the riskiest countries in terms of money laundering and "terrorist" financing, according to a study by a Swiss group. 

Monday, 21 August 2017 06:17

CB to link microfinance companies in CRIB

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Sri Lanka’s banking and finance watchdog, the Central Bank, confirmed it is in the process of linking microfinance companies to the Credit Information Bureau (CRIB) by the end of the year as multiple lending to the same borrowers has raised concerns in the microfinance sector.Sri Lanka’s banking and finance watchdog, the Central Bank, confirmed it is in the process of linking microfinance companies to the Credit Information Bureau (CRIB) by the end of the year as multiple lending to the same borrowers has raised concerns in the microfinance sector.
4Formerly Practice Leader for Microfinance at the Asian Development Bank (ADB), Dr. Nimal Fernando 

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LAUGFS Gas Plc and Standard Chartered today announced the first-ever private sector financing facility in Sri Lanka supported by China Export and Credit Insurance Corporation (SINOSURE) for the 30,000 MT LAUGFS Import and Export Terminal at Hambantota.LAUGFS Gas Plc and Standard Chartered today announced the first-ever private sector financing facility in Sri Lanka supported by China Export and Credit Insurance Corporation (SINOSURE) for the 30,000 MT LAUGFS Import and Export Terminal at Hambantota.

Saturday, 19 August 2017 08:19

Sri Lanka is to enter into PTA with Turkey

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On the invitation by the Embassy of the Republic   of Turkey in Sri Lanka  a   Ministerial Delegation   led   by  Sujeewa   Senasinghe,   State   Minister   of   International   Trade together with the representatives from Board of Investment (BOI), Joint Apparel Association Forum (JAAF) and Sri Lanka Export Development Board (EDB) are currently in Turkey attending  meetings   related  to   trade   and   investment  promotions.On the invitation by the Embassy of the Republic   of Turkey in Sri Lanka  a   Ministerial Delegation   led   by  Sujeewa   Senasinghe,   State   Minister   of   International   Trade together with the representatives from Board of Investment (BOI), Joint Apparel Association Forum (JAAF) and Sri Lanka Export Development Board (EDB) are currently in Turkey attending  meetings   related  to   trade   and   investment  promotions. 

Saturday, 19 August 2017 08:15

HNB Bank PBT exceeds Rs 10 Bn

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HNB Group recorded a profit before VAT and Tax of Rs 13.4 Bn for the first six months of 2017 posting a year on year (yoy) growth of 13.8% while the Group PAT increased by 7.5% to Rs 7.5 Bn.HNB Group recorded a profit before VAT and Tax of Rs 13.4 Bn for the first six months of 2017 posting a year on year (yoy) growth of 13.8% while the Group PAT increased by 7.5% to Rs 7.5 Bn.

Friday, 18 August 2017 05:48

Govt. doles out pre-Budget bonanza

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In an unprecedented move the Government announced a “pre-budget relief package” promising more in the upcoming budget, billing a total of Rs. 4.4 billion per annum. In an unprecedented move the Government announced a “pre-budget relief package” promising more in the upcoming budget, billing a total of Rs. 4.4 billion per annum. 

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The Body Shop has announced its latest contributionfor a healthy scalpand rejuvenated hair with the introduction of Fuji Green Tea Cleansing Hair Scrub in Sri Lanka. Fuji Green Tea Cleansing Hair Scrub is inspired by a blend of Japanese green tea, mint menthol, salt crystals and Community Trade honey from Ethiopia. The Body Shop has announced its latest contributionfor a healthy scalpand rejuvenated hair with the introduction of Fuji Green Tea Cleansing Hair Scrub in Sri Lanka. Fuji Green Tea Cleansing Hair Scrub is inspired by a blend of Japanese green tea, mint menthol, salt crystals and Community Trade honey from Ethiopia. 

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Commemorating International Youth Day, People’s Bank offers an attractive bundle of benefits to the Sri Lankan Youth through the YES Savings account. The bank has taken steps to deliver the latest digital banking experience as well as a number of streamlined banking services.Commemorating International Youth Day, People’s Bank offers an attractive bundle of benefits to the Sri Lankan Youth through the YES Savings account. The bank has taken steps to deliver the latest digital banking experience as well as a number of streamlined banking services.

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Development partnership remains an important facet of close friendship between India and Sri Lanka. This was stated by Indian High Commissioner, Taranjit Singh Sandhu when he addressed a ceremony to mark India’s 71st Independence Day in Colombo.Development partnership remains an important facet of close friendship between India and Sri Lanka.

Wednesday, 16 August 2017 06:24

SLIC gains a stable outlook

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Sri Lanka Insurance Corporation Limited has recorded stable outlook  as a composite insurer in the country. Sri Lanka Insurance Corporation Limited has recorded stable outlook  as a composite insurer in the country.  

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