Pathum’s love towards keeping the
environment plastic-free drives his passion for implementing a viable system
for waste collection in Sri Lanka
Celebrated every year on the 12th of August, Youth Day magnifies the actions of young people who aspire to repair the earth we live in, through their e
Sri Lanka will become the first country to benefit from an IFC
global initiative designed to boost access to affordable and quality
health-care through digital technology across the region amid increased demand for services in the
wake of COVID-19.
IFC’s new upstream initiative, the Global
Dig
China Development Bank and Sri Lankan Government have entered into an agreement of RMB 2 Billion (approx LKR 61.5 Billion) Term Facility today, the Chinese Embassy in Sri Lanka said.
The facility is to be used to support Sri Lanka's COVID-19 response, economic revival, financial stability, and li
Rating action
ICRA Lanka Limited has reaffirmed the Issuer Rating of Union Bank of Colombo PLC (“UBC”/ “the Bank”) at [SL]BBB (pronounced as S L Triple B) with Stable outlook.
Rationale
The rating reaffirmation takes into account the strategic and financial support received from Texas Pacif
Hatton National Bank (HNB PLC) continued to demonstrate resilience amidst volatile conditions, posting a Profit Before Tax (PBT) of Rs 10.9 Bn and a Profit After Tax (PAT) of Rs 9.1 Bn. The Group profits also improved in line, with PBT and PAT at Rs 12 Bn and Rs 9.8 Bn respectively.
The loan boo