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Fitch affirms Standard Chartered Bank, Sri Lanka branch at 'AAA(lka)'; Outlook Stable



Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka branch's (SCBSL) National Long-Term Rating at 'AAA(lka)'. The Outlook is Stable.

SCBSL's rating is at the highest end on the National Rating scale for Sri Lanka and reflects the credit profile and financial strength of its head office - Standard Chartered Bank (SCB: A+/Stable/a). It also reflects Fitch's expectation of continued strong parental support, if required, as SCBSL is a branch of SCB and forms part of the same legal entity.Read More...
 
 

Fintech startups win Gold

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The 18th Asia Pacific ICT Alliance (APITCA) awards 2018, which was held in Guangzhou, China from the 10th to 14th October, named DirectPay as the overall winner in the Consumer - Wealth and Retail Category and Park and Pay with a Merit Award in the...

‘No lack of consensus between President and PM on economic policies’

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Minister of Ports and Shipping Mahinda Samarasinghe categorically denied that there is a lack of consensus between President Maithripala Sirisena and Prime Minister Ranil Wickramasinghe on the government's economic policies.When The Island Financial...

Digital Economy is a pipe dream for SL's gem and jewellery industry, traders say

There is a non-availability of online payment gateways for gem and jewellery transactions, so we can't sell our goods to global customers, Sampath Samarasekara, a well-known young gem dealer of Kahawatte told The Island Financial Review recently. H...

‘Price hikes have become a common occurrence in Sri Lanka’

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The country is going through a lean period despite various efforts taken by the government to stabilize the economy. The country’s economy is not a play toy to adjust according to the situation. The economy depends on many factors including the f...

First global entrepreneur education meet in South Asia elevates Sri Lanka to prestigious UNESCO-APEID Chair

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A pioneering Entrepreneurship Education (EE) series by UNESCO that successfully concluded in Colombo has elevated Sri Lanka as the new Chair of prestigious UNESCO-APEID EE series, making it the first South Asian country to clinch this Chair. More impor...

Banking sector stocks hit by NPL report

A Fitch Rating report on an increase in the  Non Performing Loan (NPL)  portfolio of  two non- listed banks has created a negative effect on the stock market, especially its banking sector component. Consequently, the  CSE was so...

Amãna Bank achieves ISO/IEC 27001:2013 certification

Testifying the reliability of its information security systems, Amãna Bank recently achieved the prestigious ISO/IEC 27001:2013 certification the world’s highest accreditation for information protection and security. The certification was ...

Huawei's pricing strategy is resilient despite fallout from US-China trade tensions: CEO

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Although the trade tension between the U.S. and China has proved to be a 'key effect' on our business, Huawei has been resilient in maintaining its fundamentals and has found ways to preserve its competitive pricing strategy, CEO of Huawei Sri Lan...

New perspectives on how travel & tourism can meet un sdgs

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Over 100 senior executives from the Sri Lankan travel & tourism industry and beyond attended an insightful forum on Oct 11 designed to set new directions for the industry and align it comprehensively with the UN Sustainable Development Goals.Joi...

Pathfinder Foundation links up with Norwegian Centre for Conflict Resolution

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Pathfinder Foundation (PF) and NOREF Norwegian Centre for Conflict Resolution recently concluded a Memorandum of Understanding and Cooperation aimed at collaboration between the two institutions on a wide variety of issues.The framework of cooperatio...

 
 
 
 
 
 
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