Industry Analysis

Examining specific industries such as technology, healthcare, finance, and manufacturing, including trends, challenges, and opportunities within each sector.

Industry Analysis

Vallibel Finance Expands with New Branches in Medawachchiya, Battaramulla, Nittambuwa

Vallibel Finance has recently expanded its network across Sri Lanka by opening new branches in Medawachchiya, Battaramulla, and Nittambuwa. These new locations will.

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Tech Industry

Rootcode Foundation Opens Second Computer Lab to Empower Underprivileged Students

The Rootcode Foundation inaugurated a new computer lab at Mawathgama Kanishta Vidyalaya on August 4, 2024, marking its second major initiative to empower.

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Industry Analysis

Union Bank Appoints Dilshan Rodrigo as New Chief Executive Officer

Union Bank has appointed Mr. Dilshan Rodrigo as its new Director/Chief Executive Officer, effective August 16, 2024. With over two decades of experience.

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Finance

BOC Recognized Among Top 1000 World Banks for 2024 by The Banker

Bank of Ceylon (BOC), Sri Lanka’s leading financial institution, has proudly announced its inclusion in The Banker magazine’s esteemed list of Top 1000.

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Finance

Dialog Axiata Reports Decline in Revenue and Profit for June Quarter

Dialog Axiata PLC’s performance for the quarter ending June 2024 was disappointing, with a decline in revenue and increased overhead costs impacting the.

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Finance

Sri Lanka’s Positive Growth Momentum Expected to Continue: CB Governor

Sri Lanka’s positive economic growth, seen in early 2024, is likely to continue, supported by low inflation and a stable exchange rate, according.

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Finance

Fitch Upgrades Habib Bank Sri Lanka to ‘AA-(lka)’ with Stable Outlook

Fitch Ratings has upgraded the national long-term rating of Habib Bank Limited – Sri Lanka Branch (HBLSL) to ‘AA-(lka)’, up from ‘A(lka)’. The.

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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.

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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.

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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,.

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