Sri Lanka Achieves Milestone in Debt Restructuring with IMF Support
The International Monetary Fund (IMF) announced that it welcomes Sri Lanka’s finalization of debt restructuring agreements with major creditor nations, marking a significant.
Finance
Finance
Industry Analysis
Sampath Bank’s First Quarter Report Reveals Profit After Tax Soaring to Rs3.4 Billion
Sampath Bank has announced robust financial results for the first quarter of 2024, posting a profit before tax (PBT) of Rs 6.2 billion.
- May 16, 2024
Finance
Industry Analysis
CSE and USAID Host Issuer Forum in Southern Region, Educating SMEs on Opportunities
The Colombo Stock Exchange (CSE) and the United States Agency for International Development (USAID) recently collaborated on an informative forum aimed at assisting.
- May 14, 2024
Finance
Industry Analysis
HNB FINANCE Broadens Outreach to Rural Areas, Strengthening Community Connections
HNB FINANCE PLC, a prominent financial services provider, has announced a strategic collaboration with the Co-operative Thrift and Credit Union (Sanasa) aimed at.
- May 13, 2024
Finance
Industry Analysis
Sampath Bank Introduces ‘Vishwa’ Retail App, Revolutionizing Customer Experience
Sampath Bank has made waves in Sri Lanka’s banking industry with the launch of its cutting-edge mobile application, Sampath Vishwa Retail. This innovative.
- May 9, 2024
Finance
Industry Analysis
Vallibel Finance Expands with New Branch Opening in Athurugiriya
Vallibel Finance recently inaugurated its new branch in Athurugiriya, introducing its renowned financial services to the community. The event, graced by Managing Director.
- May 8, 2024
Finance
Industry Analysis
Central Bank of Sri Lanka Calls for Public Input on Proposed Amendments to Finance Leasing Act
The Central Bank of Sri Lanka is seeking public feedback on proposed amendments to the Finance Leasing Act (FLA), inviting individuals to submit.
- May 7, 2024
Finance
Industry Analysis
Fitch Awards Siyapatha Finance ‘BBB+(lka)’ Rating for Senior Debt
Fitch Ratings has finalized its assessment of Siyapatha Finance PLC’s proposed Sri Lankan rupee-denominated senior unsecured debentures, assigning them a final National Long-Term.
- May 7, 2024
Finance
Healthcare
Industry Analysis
IFC Announces Investment of Rs. 3.2 Billion in Sunshine Healthcare
Sunshine Healthcare Lanka (SHL), part of Sunshine Holdings PLC (CSE: SUN), has secured a substantial equity investment of up to Rs. 3,270 million.
- May 6, 2024
Finance
Sarvodaya Development Finance Secures $3 Million Loan from EU-financed AgriFI Program
AgriFI, an agriculture financing initiative funded by the European Union (EU) and managed by EDFI Management Company, has announced a significant US $3.
- April 30, 2024