Industry Analysis

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

Industry Analysis

Amana Bank Declares Record Dividend for Seventh Straight Year

Amana Bank has declared its seventh consecutive annual dividend, marking its highest payout to date, totaling Rs. 661 million. This represents a significant.

  • October 3, 2024
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Industry Analysis

Siyapatha Finance Reports Strong Financial Growth in 1H 2024

Siyapatha Finance PLC recently announced steady financial growth for the first half of 2024, ending June 30. The company achieved a profit after.

  • October 2, 2024
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Finance

Dinesh Weerakkody Appointed as New Chairman of Union Bank of Colombo

Dinesh Weerakkody, a highly regarded professional with extensive experience in the banking sector, has been appointed as the new Chairman of Union Bank.

  • October 2, 2024
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Industry Analysis

Tokyo Cement Appoints Two New Independent Directors

Tokyo Cement Company (Lanka) PLC has strengthened its Board by appointing two new Independent Non-Executive Directors, Mano Sekaram and Averil Anne Ludowyke. Both.

  • October 2, 2024
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Finance

Dhammika Perera Rejoins Hayleys as Co-Chairman

Dhammika Perera will rejoin the board of Hayleys Plc as Co-Chairman and non-executive director, effective October 1. Known as a philanthropist, strategist, and.

  • October 1, 2024
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Finance

Sri Lanka Central Bank Holds Rates Steady, Deflation Possible in Near Term

Sri Lanka’s central bank announced that it would maintain policy interest rates between 8.25% and 9.25%, citing the likelihood of deflation in the.

  • September 27, 2024
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Industry Analysis

Sri Lanka’s Apparel Sector Surpasses $3 Billion in Earnings Amid Growth

Sri Lanka’s apparel sector has surpassed the $3 billion mark in earnings, demonstrating impressive growth with a 22% year-on-year increase in August. According.

  • September 24, 2024
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Healthcare

AIA Insurance Partners with HelpAge Sri Lanka to Fund Cataract Surgeries

AIA Insurance has joined forces with HelpAge Sri Lanka, emphasizing its commitment to improving the lives of those in need. This partnership has.

  • September 23, 2024
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Industry Analysis

CBL Global Foods Partners with USAID to Transform Sri Lanka’s Coconut Industry

CBL Global Foods Limited, a subsidiary of the CBL Group, has teamed up with the United States Agency for International Development (USAID) to.

  • September 23, 2024
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