Finance

Pan Asia Bank Launches Exclusive Privilege Banking Service for Premier Customers

Pan Asia Bank has officially launched Privilege Banking, an exclusive service designed for premier customers seeking a highly personalized and elevated banking experience..

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Finance

JAT Holdings Posts 67% PAT Growth Despite Bangladesh Challenges, Expands Global Footprint

JAT Holdings PLC reported a robust 67% growth in Profit After Tax (PAT) for the first half of FY 2024/25, reaching Rs. 512.

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Finance

Market Volatility and Refinancing Risks Remain Despite Global Rate Cuts, Fitch Ratings Reports

The turn of the global monetary policy cycle this year, with rate cuts in the US, Eurozone, and other major economies, has significantly.

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Finance

Sri Lanka Investigates Rice Mill Stocks Amid Rising Prices and Food Tax

Sri Lanka’s Consumer Affairs Authority (CAA) has initiated investigations at several rice mills in the Polonnaruwa district, collecting data on rice stocks following.

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Finance

Fitch: Economic Recovery to Boost Growth in Sri Lanka’s Finance and Leasing Companies

Fitch Ratings announced that Sri Lanka’s ongoing economic recovery, combined with moderating inflation and lower interest rates, is set to drive the growth.

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Finance

Hela Apparel Holdings Raises Rs. 1.6 Billion Through Successful Rights Issue

Hela Apparel Holdings PLC has successfully raised Rs. 1,596,826,135 through its recent rights issue, marking a significant step in the company’s financial strategy..

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Finance

Sri Lanka Banking System Repays Debt and Builds FX Reserves of US$7.4 Billion Since Default

Since Sri Lanka’s selective default in April 2022, the country’s banking system, including the central bank and commercial banks, has repaid or built.

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Finance

Sri Lanka’s Financial System Set for Recovery Amid Asset Quality Gains and Stronger Capital Buffers

Sri Lanka’s financial system is on the path to recovery, with expectations of improved asset quality and strengthened capital buffers, according to the.

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Finance

Chamber and SLBA Strengthen Partnership for Sustainable Finance

The Ceylon Chamber of Commerce and the Sri Lanka Banks’ Association (SLBA) have formalized and strengthened their partnership by signing a Memorandum of.

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Finance

Janashakthi Life Expands Reach with New Branch in Matugama

Janashakthi Life, a leading name in Sri Lanka’s insurance industry, has launched a new branch in Matugama, expanding its reach and making life.

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