Fitch Ratings - Singapore/Colombo (News 1st);  Fitch Ratings has downgraded Bank of Ceylon's (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to 'CCC', from 'B-'. The ratings do not carry an Outlook because of the potentially high volatility at this rating level, i...

COLOMBO (News1st): The auditor general has called for legal action against officers at the Bank of Ceylon and Mahaweli authority over a multitude of irregularities in establishing Batticaloa Campus Pvt. Ltd. The national audit office, in a report published last week, highlighted several flaws in ...

Colombo (News 1st); The committee appointed to look into the allegations of irregularities at state banks and affiliated institutions during the last five years, received more than 100 complaints. The Finance Ministry said the complaints were made by the respective banks, trade unions, and the ge...

COLOMBO (News 1st):- In order to ensure a reasonable price for the paddy harvest of farmers, the Government has commenced the Paddy Purchasing Programme of 2019/2020 Maha Season. Nearly Rs. 3.8 billion will be released through Bank of Ceylon, People’s Bank and Regional Development Bank for the im...

Colombo (News 1st): Former Governor of Eastern Province M.L.A.M. Hizbullah and his son Hiras Hizbullah, heads of Batticaloa Campus and Hira Foundation, were not present before the COPE  yesterday (September 17). He said that they had not come to the committee informing them that they were going abro...