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.
Industry Analysis
Examining specific industries such as technology, healthcare, finance, and manufacturing, including trends, challenges, and opportunities within each sector.
Finance
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
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.
- August 12, 2024
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.
- August 12, 2024
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,.
- August 12, 2024
Industry Analysis
Union Assurance Teams Up with Union Chemists for Discounts and Enhanced Benefits
Union Assurance, Sri Lanka’s leading life insurer, is enhancing its customer support by partnering with Union Chemists, a renowned pharmaceutical provider with over.
- August 9, 2024
Industry Analysis
AIA Sales Convention 2024 Honors Top Performers with Innovation
AIA Insurance recently hosted the AIA Sales Convention 2024 at Shangri-La Colombo, under the inspiring theme ‘WINGS UP – to fly beyond Everest’..
- August 9, 2024
Finance
Sampath Bank Reports 45% Increase in PAT for 1H 2024
Sampath Bank announced a significant financial performance for the first half of 2024, with a 45% increase in profit after tax (PAT) to.
- August 9, 2024
Finance
Amãna Bank Expands Self-Banking Services with New Centre in Kattankudy
Amãna Bank has inaugurated its latest self-banking centre at Kattankudy Beach Road, marking a significant expansion in its network. This new facility, located.
- August 8, 2024