HNB Assurance and Cargills Bank Partner for Tailored Insurance Solutions
HNB Assurance (HNBA) has announced a strategic partnership with Cargills Bank, aimed at offering tailored insurance solutions designed to meet the specific needs
Industry Analysis
Industry Analysis
Hemas Holdings Posts Rs. 25.5 Billion Revenue for FY25 Q1 Amid Economic Challenges
Hemas Holdings PLC has reported a consolidated revenue of Rs. 25.5 billion for the first quarter of FY25, ending June 30, 2024. Despite
Entrepreneurship
COYLE Leads Green Entrepreneurship and Mangrove Restoration in Sri Lanka
The Chamber of Young Lankan Entrepreneurs (COYLE) recently hosted ‘The Big Lunch,’ in collaboration with iLEAD International Academy and CIFOR-ICRAF, to promote green
Markets
Current Gold Prices in Sri Lanka: August 1, 2024
As of August 1, 2024, the price of 22 Carat gold in Sri Lanka is Rs. 192,100 for 8 grams (1 Pawn). For
Insurance
Insurance Industry GWP Rises 7.39% to Rs. 78.59 Billion in Q1 2024
The insurance industry in Sri Lanka reported a total Gross Written Premium (GWP) of Rs. 78,589 million for Long-Term and General Insurance Businesses
Forex Market
Current Exchange Rates for Sri Lankan Rupee
As of the latest exchange rates, the Sri Lankan Rupee (LKR) values against various major currencies are as follows:
Markets
Sri Lankan Market Ends July with LKR 4.0 Bn Turnover Amid Broad Declines
July ended with a market turnover of LKR 4.0 billion as indices closed in the red due to price losses in key counters
Finance
Seylan Bank Profits Soar 50% in June Due to Lower Loan Loss Provisions
Seylan Bank PLC reported a significant profit increase for the quarter ending June, driven primarily by a reduction in loan loss provisions. The
Economics
EPF Secures Rs. 231 Million in Laugfs Gas Share Case
The Employees’ Provident Fund (EPF) has received Rs. 231 million in compensation for losses incurred due to market manipulation in the purchase of
Forex Market
Sri Lankan Rupee Steady at 302.35/50 to USD;
On Thursday, the Sri Lankan rupee opened at 302.35/50 against the US dollar, showing little change from the previous day. The rupee had