WEConnect International Hosts Key Events to Empower Sri Lankan Women Entrepreneurs
On August 4 and 5, 2024, WEConnect International, supported by the US Embassy, hosted two pivotal events in Colombo aimed at empowering women
Business
Stock Market
CSE Forum Explores Alternative Investments and Wealth Diversification
The Colombo Stock Exchange (CSE) recently organized an awareness session titled “Creating Opportunities for Wealth Creation and Diversification” at the Hilton, Colombo. The
Personal Finance
Rajkumar Kanagasingam Wins Bronze at 2024 Stevie Awards for Tech Excellence
Rajkumar Kanagasingam, Founding President of the Fintech Association of Sri Lanka (FASL), has been awarded the Bronze in the “Executive of the Year
Industry Analysis
Sampath Bank to Raise Rs. 10 Billion via Basel III Compliant Debentures
Sampath Bank has announced plans to raise up to Rs. 10 billion via Basel III compliant, tier 2, listed, rated, unsecured, subordinated, redeemable
Tourism
Sri Lanka Sees 26,889 Tourists in Early August, Exceeds 1.2M Arrivals for 2024
Sri Lanka saw 26,889 tourists arrive in the first four days of August 2024, pushing the total visitor count for the year to
Finance
DFCC Bank Sells Sovereign Bonds, Records Provision Reversal
DFCC Bank has reported a partial sale of its Sri Lankan sovereign bond holdings, resulting in a loss of 2.17 billion rupees. This
Economics
Sri Lanka’s July 2024 Remittances Increase by 10.3% to $566.8 Million
Sri Lanka’s remittances surged by 10.3% to $566.8 million in July 2024, marking a significant rise from the previous year, thanks to increased
Forex Market
Sri Lankan Rupee Strengthens to 299.85/300.00 Against US Dollar
Sri Lanka’s rupee opened stronger at 299.85/300.00 against the US dollar on Monday, showing improvement from its previous close of 300.00/20. Bond yields
Finance
HNB to Raise Up to Rs12 Bn Through Debenture Issue
Hatton National Bank Plc (HNB) is set to raise up to Rs12 billion through a new debenture issue, the bank announced. The debentures,
Economics
Sri Lanka to Raise Pension Payments to Rs6,000 in October
Sri Lanka will pay its state pensioners a total of Rs6,000 in October following opposition from the Elections Commission regarding an initial Rs3,000