Hela Apparel Holdings Raises Rs. 1.6 Billion Through Successful Rights Issue
Hela Apparel Holdings PLC has successfully raised Rs. 1,596,826,135 through its recent rights issue, marking a significant step in the company’s financial strategy..
Finance
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
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
Business
Sri Lanka’s Hela Apparel Raises Rs 1.5 Billion Through Rights Issue
Hela Apparel Holdings Plc, a leading apparel manufacturer in Sri Lanka, has successfully raised Rs 1.5 billion through a rights issue, according to.
- September 30, 2024
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
Finance
FC Forecasts Lending Rates to Stay Between 9-11% for Remainder of 2024
First Capital (FC) anticipates that bank lending rates will remain within the 9-11% range for the rest of 2024 and rise slightly to.
- September 9, 2024
Business
Commercial Bank of Sri Lanka Completes Liquidation of Money Transfer Unit in Italy
Sri Lanka’s Commercial Bank of Ceylon PLC has officially completed the liquidation of its subsidiary, Commex Sri Lanka S.R.L., located in Rome, Italy..
- September 6, 2024
Industry Analysis
HSBC Named ‘Best International Bank in Sri Lanka’ by Euromoney
HSBC Sri Lanka has been awarded the title of ‘Best International Bank in Sri Lanka’ by Euromoney in their Awards for Excellence 2024..
- July 23, 2024
Business
Telco and Banking Leaders Partner to Boost SME Digital Transformation
In a landmark initiative to drive digital transformation for small and medium-sized enterprises (SMEs), Dialog Enterprise, the corporate ICT solutions arm of Dialog.
- July 23, 2024
Industry Analysis
Nations Trust Bank to Raise Rs. 10 Billion Through Debentures
Nations Trust Bank PLC has announced plans to raise Rs. 10 billion via a listed debenture issue. The Board has resolved to issue.
- July 18, 2024