Credit Card Debt Sees Modest Increase in August Amid Rising Private Credit
Consumer spending via credit cards has shown signs of growth, with the total outstanding credit card debt in licensed commercial banks rising by.
Industry Analysis
Examining specific industries such as technology, healthcare, finance, and manufacturing, including trends, challenges, and opportunities within each sector.
Finance
Finance
Fitch Affirms LB Finance’s National Rating at ‘BBB+(lka)’; Outlook Stable
Fitch Ratings has reaffirmed LB Finance PLC’s National Long-Term Rating at ‘BBB+(lka)’ with a Stable Outlook. The rating reflects LB Finance’s solid financial.
- October 7, 2024
Finance
IFC Acquires 14.73% Stake in Sunshine Healthcare for Rs. 3.27 Billion
The International Finance Corporation (IFC), the private sector investment arm of the World Bank, has secured a 14.73% stake in Sunshine Healthcare Lanka.
- October 7, 2024
Industry Analysis
SLACMA Welcomes NPP’s Industrial Policies to Boost Automobile Component Manufacturing
The Sri Lanka Automobile Component Manufacturers Association (SLACMA) has extended its congratulations to Anura Kumara Dissanayake on his election as the new President.
- October 7, 2024
Tech Industry
SLT-Mobitel Launches Innovative eSIM Service for Seamless Connectivity
SLT-Mobitel is revolutionizing the way customers connect to its network with the launch of its state-of-the-art eSIM service. Leveraging SLT-Mobitel’s robust 4G connectivity.
- October 4, 2024
Tech Industry
Sri Lanka’s IT Sector to Showcase Innovation at GITEX Expand North Star 2024 in Dubai
The Sri Lanka Export Development Board (EDB), in partnership with the Sri Lanka Consulate General in Dubai, UAE, is set to organize the.
- October 4, 2024
Industry Analysis
Commercial Bank of Ceylon Ranks Second in LMD 100 for 2023-24
The Commercial Bank of Ceylon has achieved the remarkable feat of being ranked second in the ‘LMD 100’ for 2023-24, advancing five positions.
- October 4, 2024
Industry Analysis
Gem and Jewellery Sector in Sri Lanka Faces Decline Amidst Stalled Reforms
The Sri Lanka Gem and Jewellery Association (SLGJA) has issued a renewed call for urgent reforms as the domestic industry grapples with a.
- October 4, 2024
Industry Analysis
Lasith Nanayakkara Takes Charge as CIO of National Savings Bank
National Savings Bank (NSB) has appointed Lasith Nanayakkara as its new Chief Information Officer (CIO) and IT Deputy General Manager, effective October 1..
- October 3, 2024
Industry Analysis
Singer Sri Lanka Wins FAPRA Award for Innovative Retail Concept
Singer Sri Lanka has been awarded the Most Innovative Retail Concept Award for 2023/2024 by the Federation of Asia-Pacific Retailers Association (FAPRA). This.
- October 3, 2024