NDB Reports Strong Profit Growth Amid Improving Economic Conditions in Sri Lanka
The National Development Bank PLC (NDB) has announced robust financial results for the nine months ending 30 September 2024, highlighting its resilience and.
Finance
Finance
Finance Companies Increase Treasury and Repo Investments Amid Vehicle Ban
Sri Lankan finance companies have substantially increased investments in government securities, repurchase agreements (repos), and unit trusts in the first half of 2024,.
- November 13, 2024
Finance
Sri Lanka Banks and SMEs Discuss Parate Law and Loan Issues
Sri Lanka’s banks, regulators, and small and medium enterprises (SMEs) gathered at the Presidential Secretariat to address challenges surrounding parate execution (foreclosure) laws.
- November 12, 2024
Finance
Vallibel Finance to Raise Rs. 3 Billion via Debenture Issue
Vallibel Finance PLC has launched its inaugural listed debenture issue to raise Rs. 3 billion, marking a significant milestone in its funding strategy..
- November 12, 2024
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..
- November 8, 2024
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.
- November 7, 2024
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.
- November 1, 2024
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.
- October 29, 2024
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.
- October 22, 2024
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..
- October 16, 2024