CLC Islamic Finance tops first five-year stint with a gold rush
CLC Islamic Finance of Commercial Leasing & Finance PLC (CLC) is a leading Islamic Finance entity in Sri Lanka that is now propelling to greater recognition within the South Asian Islamic financing arena as well. Launched in 2015 under the…
Deloitte Touche Tohmatsu India LLP report suggests need for strategic investments in re-designing anti money laundering (AML) compliance programmes in banking and financial services sectors
Banks are facing increased challenges in meeting heightened regulatory expectations AML compliance is a board level issue with continuing operational challenges and investments not bearing fruit Banks are following a risk-based approach for AML compliance, but more needs to be…
Commercial Leasing & Finance PLC records a breakout performance in 2019/20
Increases PAT by 29% and retains industry-best NPLs βAβ Stable rating reaffirmed by ICRA Rated amongst Top 50 Brands for 2019/20 by LMD Commercial Leasing and Finance PLC (CLC) concluded FY2019/20 on an impressive note, consistently performing well year on…
The FHA pioneers in treating Sri Lanka towards financial inclusion
By Roshan Abeygoonewardena The Finance Houses Association of Sri Lanka (FHA), as the apex body of 39 Regulated Finance Companies registered with Central Bank of Sri Lanka (CBSL), plays an important role in the finance and banking sector of Sri…
Huawei MateBook D15 and MateBook 13 optimize productivity with a pack of innovative features
By Vidura Prabhath Huawei, the innovative smartphone manufacturer, recently marked its footprint in the laptop arena with the launch of Huawei MateBook D15 and Matebook 13. Both the laptops are not just aesthetically designed showpieces; they offer many more to…
Autogroup International steers into 25 years in conversion and re-manufacture of high-value American vehicles
People around the world cherish US manufactured SUVβs and Pick-up trucks for their premium look and features coupled with the ample spaciousness which is a key for travelling purposes. But most of these vehicles are unfortunately designed for left-hand driving…
CBSLβs COVID-19 Relief Measures
How are we helping the Country, Economy and YOU? This press statement aims to create public awareness about the operational and policy measures undertaken by the Central Bank of Sri Lanka thus far during 2020, to support the economy, the…
Request for a More Cautious and Measured Approach Regarding Re-opening of Schools
Due to the concerns raised of over the health and safety of 4.5million students and over 200,000 teachers, a group of credible and responsible citizens spearheaded by the members of the Voluntary Initiative for National COVID-19 response effort – Education…
The β10 New Realitiesβ and Opportunities in Sri Lanka as a result of Covid-19
By Dr. Nirmal De Silva β Associate Professor in Business, Board Director and Entrepreneur Over the last few weeks there have been many discussions, ideas and content on the impact of Covid-19 on businesses and the economy in particular. It…
Economic fallout of COVID-19
Struggling for day-to-day survival: A group of fish sellers on business during the βlockdownβ to Covid 19 in Sri Lanka – Pic by Kithsiri de mel While the governmentβs response to COVID-19 may have shielded Sri Lanka from a major loss…