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Day of fluctuating fortunes at CSE but both indices rise

By Hiran H.Senewiratne In a day of fluctuating fortunes, at the beginning of operations yesterday the stock market was positive, by mid-day it turned negative but later recovered, stock market analysts said.In the international arena, the European Union Central Bank is likely to do an interest rate hike soon. Besides, the high temperature levels experienced […]

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BOC takes highest rank for a Sri Lankan bank – The Island

Bank of Ceylon, Sri Lanka’s No. 1 banking brand was once again listed among the world’s top 1,000 banks listing, with a ranking of 800, up 53 places from the previous year, making BOC the highest ranked Sri Lankan bank in the listing’s history, a BOC press release said.The release added: ‘Highlighting the Bank’s capital […]

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Concessions to affected borrowers of licensed banks amidst prevailing extraordinary macroeconomic circumstances

With the outbreak of the COVID-19 pandemic, the Central Bank of Sri Lanka (CBSL) has introduced several concessionary schemes since March 2020, to assist affected borrowers. Such concessions include concessionary debt moratoriums, loan restructuring/rescheduling, suspension of recovery actions, low-cost working capital loans and waivers of fees and charges for certain banking transactions. These concessions were […]

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SLT-MOBITEL discusses Sri Lanka s enterprise investment potential with top-ranking US officials – The Island

SLT-MOBITEL discusses Sri Lanka s enterprise investment potential with top-ranking US officials – The Island
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SLI declares highest life insurance bonus of Rs 9 8bn

Total bonus declaration for life policyholders since 2005 tops Rs. 83 billion Sri Lanka Insurance declared the largest life insurance bonus to be declared in the country amounting to a staggering Rs. 9.8 billion for 2021 to its life insurance policyholders, an SLI press release said. The 2021 bonus declaration increases to the total of […]

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