Hatton National Bank’s Rs. 12 Billion Debenture Issue Oversubscribed
Hatton National Bank PLC (HNB) has announced the successful oversubscription of its debenture issue aimed at raising Rs. 12 billion. The bank offered.
Industry Analysis
Examining specific industries such as technology, healthcare, finance, and manufacturing, including trends, challenges, and opportunities within each sector.
Finance
Tech Industry
Technocity Team Shines at Computex 2024 in Taiwan
Technocity Pvt Ltd made a notable impact at ‘Computex 2024’ in Taiwan, marking a significant step forward in technological advancement. Computex 2024, renowned.
- August 20, 2024
Industry Analysis
SLT-Mobitel Reports Moderate Revenue Growth and Improved Profitability in 1H 2024
SLT-Mobitel has demonstrated resilience in the first half of 2024, reporting moderate revenue growth alongside significant improvements in profitability. For 1H2024, the group’s.
- August 20, 2024
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.
- August 20, 2024
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.
- August 16, 2024
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.
- August 16, 2024
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.
- August 14, 2024
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.
- August 14, 2024
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.
- August 14, 2024
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.
- August 13, 2024