Industry Analysis

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

Finance

Sri Lanka Anticipates Rating Upgrade Following Debt Restructuring: Fitch Ratings

Sri Lanka’s banking sector outlook has stabilized, with the Central Bank’s decision to prevent dividend repatriation playing a key role in the sector’s.

  • August 29, 2024
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Industry Analysis

Banks’ CIO Forum Gears Up for ‘The CIO Confluence 2025’ with Successful Partner Meet Up

The Banks’ Chief Information Officers Forum (BCIOF), the premier C-level forum in Sri Lanka’s banking and financial sector, hosted a successful ‘Partner Meet.

  • August 29, 2024
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Finance

HNB Begins Discussions to Acquire Bank Al-Falah’s Bangladesh Operations

Hatton National Bank (HNB) has received approval from its Board of Directors to initiate discussions regarding the acquisition of Bank Al-Falah’s Bangladesh operations..

  • August 28, 2024
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Finance

NSB Reports Rs. 15 Billion PBT for 1H 2024, Surpassing Previous Year’s PAT

The National Savings Bank (NSB) has reported an impressive profit-before-tax (PBT) of Rs. 15 billion for the first half of 2024, surpassing the.

  • August 28, 2024
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Finance

Sri Lanka’s Loan Demand Rises in Q2 2024 Amid Lower Interest Rates and Exchange Rate Stability

Sri Lanka experienced a significant increase in loan demand across the retail, corporate, and small and medium enterprise (SME) sectors during the second.

  • August 26, 2024
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Industry Analysis

Union Bank Launches Upgraded UBgo App, Enhancing Digital Banking Experience

Union Bank proudly announces the launch of its upgraded UBgo mobile app, a key development in the bank’s ongoing digital transformation strategy. This.

  • August 23, 2024
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Finance

Seylan Bank Introduces New Factoring Services to Boost Business Cash Flow

Seylan Bank has unveiled a new addition to its financial services suite with the launch of Seylan Factoring, designed to help businesses access.

  • August 23, 2024
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Finance

Ceylon Electricity Board Reports Rs.34.35 Billion Profit for 2Q24 Amidst Tariff Reductions

Ceylon Electricity Board Reports Rs.34.35 Billion Profit for 2Q24 Amidst Tariff Reductions The state-run Ceylon Electricity Board (CEB) announced a significant profit of.

  • August 22, 2024
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Finance

Sri Lankan Banks and Bank of China Explore Offshore Banking Opportunities in Colombo Port City

Nine Sri Lankan banks, along with the Bank of China, have shown interest in establishing branches within the Colombo Port City, according to.

  • August 22, 2024
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Finance

CSE and South Eastern University Partner to Boost Financial Literacy Among Undergraduates

The Colombo Stock Exchange (CSE) and South Eastern University of Sri Lanka (SEUSL) have formalized a partnership through a Memorandum of Understanding (MoU).

  • August 21, 2024
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