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.
Industry Analysis
Examining specific industries such as technology, healthcare, finance, and manufacturing, including trends, challenges, and opportunities within each sector.
Industry Analysis
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
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
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
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
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
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
Industry Analysis
People’s Bank Relocates Galkiriyagama Branch to New Premises
People’s Bank has recently relocated its Galkiriyagama branch to a new, more spacious location. The new premises offer enhanced convenience for customers and.
- August 2, 2024
Industry Analysis
Sarvodaya Development Finance Ranked No.1 in Category by K Seeds Investments
Sarvodaya Development Finance PLC has been ranked as the top company in its category by K Seeds Investments, reflecting its exceptional financial performance.
- August 2, 2024
Industry Analysis
Sri Lanka’s Construction PMI Hits 59.5 in June, Highest in 30 Months
Sri Lanka’s Purchasing Managers’ Index for Construction (PMI – Construction) surged to 59.5 in June 2024, marking its highest value in 30 consecutive.
- August 1, 2024