Industry Analysis

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

Industry Analysis

HNB Assurance Appoints Prof. Ananda Jayawardane to Board of Directors

HNB Assurance PLC (HNBA) has announced the appointment of Prof. Ananda Jayawardane as a non-executive/non-independent Director, effective August 9. Prof. Jayawardane is a.

  • September 23, 2024
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Industry Analysis

Union Bank Celebrates 20 & 25 Years of Service with Long Service Awards

Union Bank recently recognised the remarkable contributions of its long-serving employees during the Long Service Awards ceremony. The event celebrated individuals who have.

  • September 23, 2024
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Finance

People’s Leasing & Finance Launches GoldCash Card: A Gold-Based Credit Solution

People’s Leasing & Finance PLC, a trusted name in Sri Lanka’s non-banking financial sector, has introduced the GoldCash card, an innovative financial tool.

  • September 23, 2024
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Finance

CBSL: Today Is Not a Bank Holiday Despite Public Holiday

The Central Bank of Sri Lanka (CBSL) issued a statement today clarifying that, although September 23, 2024, is a public holiday, it is.

  • September 23, 2024
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Finance

Sri Lanka Reaches ISB Restructuring Deal, Finalises Agreement with China Development Bank

Sri Lanka has reached an agreement in principle to restructure approximately USD 14.2 billion in sovereign debt with International Sovereign Bond (ISB) holders.

  • September 20, 2024
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Industry Analysis

Sri Lanka-UAE Joint Venture Enhances Graphene Processing Capabilities, Boosts Industry Ties

Inovartic Investment Lanka Ltd., a new joint venture between Sri Lanka’s Apex Asia Holdings and UAE’s Inovartic Investment LLC, is set to advance.

  • September 19, 2024
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Finance

US Federal Reserve Cuts Rates by 50 Basis Points, Continues Quantitative Tightening

The US Federal Reserve has cut its interest rate by 50 basis points, bringing the target overnight rate to 4.75%-5.00%. Fed Chair Jerome.

  • September 19, 2024
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Finance

Ceylinco Life Invests Rs. 2 Billion as Anchor Investor in DFCC Bank’s First Green Bond

Ceylinco Life has announced its pioneering investment of Rs. 2 billion as the anchor investor in Sri Lanka’s first-ever Green Bond, issued by.

  • September 12, 2024
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Tech Industry

Cabinet Approves IT Strategic Plan for Inland Revenue Department to Enhance Digitization

The Cabinet has officially approved the IT Strategic Plan for the Inland Revenue Department, as announced by Cabinet Spokesman and Minister Dr. Bandula.

  • September 11, 2024
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Industry Analysis

COYLE Unveils Global Platform to Propel Sri Lankan Industries onto the World Stage

The Chamber of Young Lankan Entrepreneurs (COYLE) has launched an ambitious initiative known as the COYLE Global Platform, aimed at empowering Sri Lankan.

  • September 11, 2024
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