Industry Analysis

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

Industry Analysis

SDF Achieves Record Profits in FY 23/24

Sarvodaya Development Finance (SDF) has reported its highest-ever profits for the financial year 2023/24, driven by significant growth in key financial metrics: SDF’s.

  • July 16, 2024
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Industry Analysis

NDB Recognized as ‘Technology Resilient Company of the Year’ at Digital Trust Awards

The Sri Lanka Chapter of ISACA introduced the ‘Digital Trust Award’ to honor organizations excelling in Information Security, with NDB clinching the top.

  • July 15, 2024
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Industry Analysis

Seylan Bank’s Rs. 10 Billion Debenture Issue Oversubscribed on Opening Day

Seylan Bank announced that its recent Rs. 10 billion debenture issue was oversubscribed on its opening day, receiving applications for over 100 million.

  • July 15, 2024
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Industry Analysis

Foreign Buying Continues Amid Market Declines

Indices closed in the red due to price drops in stocks like Hayleys, Hatton National Bank, and Melstacorp, with the turnover surpassing Rs..

  • July 4, 2024
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Industry Analysis

Sri Lanka Launches GTEX2 with Swiss SECO to Boost Apparel Industry

The Export Development Board (EDB) has formed a strategic partnership with Switzerland’s State Secretariat for Economic Affairs (SECO) to implement the second phase.

  • July 4, 2024
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Industry Analysis

ComBank’s Largest Debenture Oversubscribed on Opening Day, Raises Record Rs. 20 bn

The Commercial Bank of Ceylon’s debenture issue, the largest ever by a private bank in Sri Lanka, closed after being oversubscribed on its.

  • July 3, 2024
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Finance

Sri Lanka Achieves Milestone in Debt Restructuring with IMF Support

The International Monetary Fund (IMF) announced that it welcomes Sri Lanka’s finalization of debt restructuring agreements with major creditor nations, marking a significant.

  • June 28, 2024
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Industry Analysis

Dialog Axiata Completes Acquisition of Airtel Lanka and Begins Amalgamation

Dialog Axiata PLC, Axiata Group Berhad, and Bharti Airtel Ltd. have finalized a share sale transaction, with Dialog acquiring 100% of the issued.

  • June 28, 2024
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Business Industry Analysis

Sri Lanka: Lack of Transparency in Budget Implementation

A report by Verité Research reveals a troubling lack of transparency in Sri Lanka’s budget implementation process. Here’s a breakdown of the key.

  • June 14, 2024
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Business Industry Analysis Tech

Sri Lankan Fintech Startup Secures £4 Million Seed Funding Led by Barclays

WealthOS, a cloud-based wealth management platform founded by Sri Lankan entrepreneurs, has secured £4 million in seed funding. The round was led by.

  • June 13, 2024
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