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.
Industry Analysis
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
Stock Market
Colombo Stock Market Surges to 14-Month High with Record Single-Day Gain
The Colombo stock market reached new heights yesterday as investor confidence soared under the newly elected President Anura Kumara Dissanayake. The benchmark All.
- September 26, 2024
Stock Market
Colombo Stock Market Sees Highest Daily Gain in 2024 Amid AKD Optimism
In a significant display of investor confidence following the election of President Anura Kumara Dissanayake, the Colombo stock market surged to record its.
- September 25, 2024
Stock Market
CSE’s Benchmark ASPI Turns Negative YTD for the First Time in 2024
The Colombo Stock Exchange (CSE) experienced a notable downturn yesterday as the All Share Price Index (ASPI) slipped to a negative Year-to-Date (YTD).
- September 11, 2024
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
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
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
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
Stock Market
CSE Remains Sluggish Amid Investor Caution
The Colombo Stock Exchange (CSE) experienced another day of poor performance, with both indices falling over 0.3% and a turnover of Rs. 629.
- August 9, 2024