Author: LBO Admin
‘s Central Bank keeps policy rate unchanged
The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75%. The Board arrived at this decision after carefully considering evolving developments and the outlook on both domestic and global fronts. The Board is of the view that the current monetary policy stance […]
Acquisitions of Small Sri Lanka Banks Neutral to BOC’s and PB’s Ratings: Fitch Ratings
Fitch Ratings says the proposed transfers of state-owned shares – of Housing Development Finance Corporation Bank of Sri Lanka (HDFC, BB+(lka)/Rating Watch Positive) to Bank of Ceylon (BOC, CCC+/AA-(lka)/Stable) and of State Mortgage & Investment Bank (SMIB, BB(lka)/Rating Watch Positive) to People’s Bank (Sri Lanka) (PB, AA-(lka)/Stable) – are unlikely to affect the acquirers’ ratings. […]
Central Bank keeps Overnight Policy Rate unchanged
The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75%. The Board arrived at this decision after carefully considering evolving developments and the outlook on both domestic and global fronts. The Board is of the view that the current monetary policy stance […]
Sri Lanka’s Export Earnings Exceed USD 14.4 Bn Mark in First Ten Months of 2025
Sri Lanka’s export sector has continued its strong upward trajectory, recording a significant 6.0 % growth during the period from January to October 2025. According to data released by Sri Lanka Customs, along with estimated figures for Gems & Jewellery and Petroleum Products, total exports reached US$ 14,433.82 Mn, surpassing the performance of the corresponding […]
SEC Issues Urgent Scam Alert: Blue Ocean Securities Unlicensed and Unauthorized to Trade
The Securities and Exchange Commission of Sri Lanka (SEC) has issued an urgent warning to the public, stating that Blue Ocean Securities Ltd is not licensed by the SEC and has no authority to trade in securities in Sri Lanka on behalf of investors. The SEC further revealed that the company’s Chief Analyst and assistant […]
First-Ever Digital Signature Introduced for President’s Counsel Oath Ceremony
In a groundbreaking step toward digital transformation, the Supreme Court of Sri Lanka today introduced the Digital Signature for the President’s Counsel Oath Ceremony marking the first-ever use of this technology in the history of Sri Lanka’s Judiciary. Traditionally, this process was carried out manually, making 2025.11.20th achievement a historic milestone. This advancement reflects the […]
‘s &’s National Ratings on Rating Watch Positive on Proposed Acquisition
Fitch Ratings has placed Housing Development Finance Corporation Bank of Sri Lanka’s (HDFC) National Rating of ‘BB+(lka)’ and State Mortgage & Investment Bank’s (SMIB) National Rating of ‘BB(lka)’ on Rating Watch Positive (RWP). HDFC’s rating was previously on a Negative Outlook. Key Rating Drivers Acquisition on the Cards: The rating action follows the announcement by the […]
TikTok launches time and well-being features for users
TikTok announced today the launch of its new Time and Well-being space for its users. This new update introduces a range of features designed to help TikTok users build mindful digital habits. This initiative underscores the platform’s commitment to fostering a positive and balanced online experience. While emphasizing safety and Community Guidelines, TikTok has been […]
“Oops” is not a foreign policy: Why I demanded a radical shift in our foreign policy
By Dr. Harsha de Silva, MP Today in Parliament, during the Committee Stage debate on the Foreign Ministry’s expenditure head, I felt compelled to challenge the traditional view of how Sri Lanka engages with the world. I listened to the Minister of Foreign Affairs, hoping for an articulation of a modern policy stance that justifies […]
Launch of UPI One World for Sri Lankan Buddhist Pilgrims
The Sri Lanka High Commission in India, in partnership with the National Payments Corporation of India (NPCI), today launched a pilot initiative introducing UPI One World for Sri Lankan Buddhist pilgrims visiting India. This pioneering digital payment facility enables Sri Lankan travellers to make secure, real-time payments across India without the requirement of an Indian […]
New Container Inspection Yard at Hambantota International Port with Rs. 1 Bn Investment
Hambantota International Port Group (HIPG) is proceeding with the development of a new, purpose-built Container Inspection Yard within the Hambantota International Port (HIP) premises. The Rs. 1 billion project represents a significant private-sector investment and to be developed by Rank Container Terminals (Pvt) Ltd (RCT). This new facility is designed to serve as a centralised […]
‘s 47-pct y-o-y increase in Group PAT, reaching Rs.34.7Bn
Sustaining its upward momentum, HNB delivered strong results in the first nine months of Group PAT reached Rs 34.7 Bn, marking a 47% YoY increase, while the Bank’s PAT grew by 42% YoY to Rs 31.5 Bn. Commenting on the performance, Mr. Nihal Jayawardena, Chairman of HNB PLC stated, “The period under review has been […]