Industry Analysis

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

Finance

Seylan Bank Introduces Seylan Factoring to Boost Cash Flow for Businesses

Seylan Bank has launched Seylan Factoring, a new financial service designed to help businesses unlock funds by leveraging outstanding trade receivables. This service.

  • August 7, 2024
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Industry Analysis

Multi Finance PLC Completes Merger with LB Finance PLC

Multi Finance PLC has officially merged with LB Finance PLC following the approval of a special resolution at an extraordinary general meeting held.

  • August 7, 2024
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Finance

ADB and Sri Lanka Secure $100 Million Loan for Power Sector Reforms

On Monday, the Asian Development Bank (ADB) and the Government of Sri Lanka signed a $100 million loan agreement for Subprogram 1 of.

  • August 7, 2024
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Industry Analysis

Fitch Assigns Final ‘BBB+(lka)’ Rating to HNB’s Basel III Subordinated Debt

Fitch Ratings has assigned Hatton National Bank PLC (HNB, A(lka)/Stable) a final National Long-Term Rating of ‘BBB+(lka)’ for its proposed Sri Lankan rupee-denominated.

  • August 6, 2024
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Tech Industry

Survey: Emerging Technologies Top Priority for Sri Lankan IT Organizations

SLASSCOM, in collaboration with Deloitte, recently conducted an employability skills survey aimed at assessing the current skills landscape and evaluating the readiness of.

  • August 6, 2024
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Industry Analysis

DFCC Bank Partners with Home Lands Skyline to Revamp Housing Loans

DFCC Bank has announced an exclusive partnership with Home Lands Skyline (Private) Limited, aiming to transform the housing loan sector. The collaboration, formalized.

  • August 5, 2024
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Industry Analysis

Browns Investments has finalized its acquisition of Lipton Teas in Kenya and Rwanda.

Browns Investments PLC has finalized its acquisition of Lipton Teas and Infusions’ businesses in Kenya and Rwanda, as confirmed in a disclosure to.

  • August 5, 2024
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Industry Analysis

Sri Lanka Tourism Promotion Bureau Wins ‘Best International Tourism Board’ Award

Sri Lanka Tourism Promotion Bureau (SLTPB) has been honored with the “Best International Tourism Board” award at the Global Tourism Awards 2024, held.

  • August 5, 2024
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Finance

HNB Finance Launches Three New Gold Loan Units Across Sri Lanka

HNB Finance has expanded its services with the introduction of three new Gold Loan Units in response to increasing demand. The new units.

  • August 5, 2024
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Industry Analysis

Richard Pieris Group’s Q1 Profits Surge 281% to Rs. 1.75 Billion

Richard Pieris Group, one of Sri Lanka’s largest and most diversified conglomerates, reported a Profit Before Tax (PBT) of Rs. 1.75 billion for.

  • August 2, 2024
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