Examining specific industries such as technology, healthcare, finance, and manufacturing, including trends, challenges, and opportunities within each sector.
People’s Bank has recently relocated its Galkiriyagama branch to a new, more spacious location. The new premises offer enhanced convenience for customers and a full range of services supported by the latest digital banking technology. The relocation event saw the participation of People’s Bank senior management, including Anuradhapura Regional Manager Asitha Danawalawithana, Assistant Regional Managers
Sarvodaya Development Finance PLC has been ranked as the top company in its category by K Seeds Investments, reflecting its exceptional financial performance and robust operational framework. K Seeds Investments is renowned for its comprehensive evaluations of listed finance companies in Sri Lanka, offering invaluable insights into their financial strength. The latest report, based on
Sri Lanka’s Purchasing Managers’ Index for Construction (PMI – Construction) surged to 59.5 in June 2024, marking its highest value in 30 consecutive survey rounds. Respondents attributed this growth mainly to projects funded by multilateral agencies, particularly those related to road rehabilitation and water distribution. June saw a significant increase in new orders, indicating a
Sri Lanka’s retail fuel prices will remain unchanged for August 2024, according to the state-run Ceylon Petroleum Corporation (CPC). The CPC was expected to announce its monthly formula-based fuel prices effective from midnight on July 31. Previously, the CPC reduced petrol prices by 11 rupees to 344 rupees per litre and 95 Octane petrol by
The Ministry of Agriculture and Plantation Industries has unveiled a master plan to expand rubber cultivation in Sri Lanka, aiming to increase the country’s annual natural rubber production by 60 percent in the coming years. Minister of Agriculture and Plantation Industry, Mr. Mahinda Amaraweera, announced plans to initiate rubber cultivation across 100,000 acres in the
Greenlam Industries, a global leader in surfacing solutions, concluded its highly anticipated DesignNXT 3.0 event in Colombo, Sri Lanka on July 27. The Indo-Sri Lanka Design Summit brought together eminent architects, interior designers, and industry professionals from both nations for a day of enriching discussions, trend analysis, and innovative product reveals. Following the success of
HNB Assurance (HNBA) has announced a strategic partnership with Cargills Bank, aimed at offering tailored insurance solutions designed to meet the specific needs of their customers. This collaboration marks a significant advancement in HNBA’s commitment to expanding and enhancing its insurance offerings. The partnership leverages Cargills Bank’s strong financial infrastructure alongside HNBA’s industry expertise to
Hemas Holdings PLC has reported a consolidated revenue of Rs. 25.5 billion for the first quarter of FY25, ending June 30, 2024. Despite facing a challenging economic environment, the Group achieved operating profits of Rs. 1.9 billion and earnings of Rs. 0.9 billion during this period. The revenue decline compared to the previous year was
Seylan Bank PLC reported a significant profit increase for the quarter ending June, driven primarily by a reduction in loan loss provisions. The bank’s net profit soared by nearly 50%, reaching Rs. 2.21 billion, or Rs. 3.48 per share, up from Rs. 1.48 billion, or Rs. 2.32 per share, in the same period last year.
As a pioneer in the digital banking revolution in Sri Lanka, DFCC Bank is empowering its customers with an additional 0.5% interest on all fixed deposits (FDs) opened through DFCC Online Banking. DFCC Bank’s digital delivery channels, including DFCC Online Banking, are designed to provide maximum convenience, enabling customers to bank seamlessly from anywhere at