Examining specific industries such as technology, healthcare, finance, and manufacturing, including trends, challenges, and opportunities within each sector.
HNB Assurance PLC has entered into a strategic partnership with the Faculty of Management and Finance at the University of Colombo to introduce the HNB Assurance Aspire programme. This initiative aims to provide selected high-performing advisors, leaders, and bancassurance officers with an opportunity to enhance their professional and business skills. Through the HNB Assurance Aspire
Union Assurance, Sri Lanka’s premier life insurer, offers customers unparalleled flexibility in managing their life insurance policies with a wide array of premium payment options. These include company platforms, partner banks, e-wallets, and retail stores, ensuring customers can stay financially protected with ease. Customers can conveniently make premium payments through the mobile app Clicklife (unionassurance.com/click-life-app),
Sri Lanka’s private sector credit saw a notable expansion of 146 billion rupees during the first half of 2024, according to official data. This growth contrasts with a reduction in credit extended to the government, although government credit continued to surpass private sector lending. In the six months leading up to June 2024, commercial bank
Pan Asia Banking Corporation PLC reported a solid performance for the first half of 2024, with a Pre-tax Profit (PBT) of Rs. 1,996 million, marking a 32% increase compared to the same period last year. The Bank’s net fee and commission income surged by 24% in the first half of 2024, driven primarily by increased
Union Assurance, a leading life insurer in Sri Lanka, has introduced a range of flexible premium payment options to better serve its customers. These options include payments through company platforms, partner banks, e-wallets, and retail stores. Customers can conveniently manage and pay their premiums via the Clicklife mobile app (available at unionassurance.com/click-life-app), a pioneering tool
Overseas Realty (Ceylon) PLC has announced impressive financial results for the six months ending June 30, 2024. The company recorded a Group Revenue of Rs. 3,605 million and a Group Profit Before Tax of Rs. 3,519 million. The appreciation of the Sri Lankan Rupee (LKR) contributed to a net exchange gain of Rs. 1,134 million,
NDB Bank recently hosted a transformative financial mastery workshop aimed at empowering tech professionals with crucial financial skills. Held on July 12th at the eMarketingEye (Pvt) Limited premises, the event was initiated by NDB Bank’s Nugegoda branch to provide IT and digital marketing professionals with the tools needed for informed financial decision-making and enhanced financial
Fitch Ratings has reaffirmed the ‘A-(lka)’ National Long-Term Rating for Sri Lanka’s National Development Bank Plc (NDB), maintaining a Stable outlook. This decision reflects recent improvements in the operating environment, as indicated by macroeconomic indicators. Fitch anticipates that Sri Lanka’s stabilizing economic conditions will support NDB’s ability to grow and maintain business volumes. However, the
The Ceylon Tea Traders Association (CTTA) held a successful charity auction last evening, raising more than Rs.46 million. This event, coinciding with the Colombo International Tea Convention Conference 2024, is set to support the Colombo Tea Traders’ Charity Trust. CTTA Chairman Sanjaya Herath highlighted that the funds will be used specifically to enhance educational standards
The Government of Japan has officially decided to resume disbursement for Yen Loan Projects in Sri Lanka, which were suspended following the country’s default in 2022. This decision was announced at a joint press conference by the Sri Lankan Finance Ministry, the Embassy of Japan, and the Japan International Cooperation Agency (JICA) Sri Lanka Office.