Business Industry Analysis

Commercial Bank Announces Rs. 22.5 Billion Rights Issue to Fuel Growth

Sri Lanka’s Commercial Bank is set to raise Rs. 22.5 billion through a Rights Issue, aiming to strengthen its Tier I capital and.

  • May 29, 2024
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Industry Analysis

Seylan Bank Supports International Industry Expo 2024

Seylan Bank has reaffirmed its commitment to supporting Sri Lanka’s industrial sector by announcing its participation as a facilitator in the upcoming International.

  • May 8, 2024
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Finance Industry Analysis

Vallibel Finance Expands with New Branch Opening in Athurugiriya

Vallibel Finance recently inaugurated its new branch in Athurugiriya, introducing its renowned financial services to the community. The event, graced by Managing Director.

  • May 8, 2024
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Finance Healthcare Industry Analysis

IFC Announces Investment of Rs. 3.2 Billion in Sunshine Healthcare

Sunshine Healthcare Lanka (SHL), part of Sunshine Holdings PLC (CSE: SUN), has secured a substantial equity investment of up to Rs. 3,270 million.

  • May 6, 2024
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Industry Analysis

March Sees Expansion in Construction Industry PMI

In March, the Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction) showed positive signs with the Total Activity Index reaching 55.9,.

  • May 2, 2024
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Industry Analysis Tech Industry

govi.ai Draws Industry Spotlight at Future Harvest Expo 2024

govi.ai, a prominent player in agricultural IoT solutions, recently participated in the Future Harvest Exhibition held at the Bandaranayake Memorial International Conference Hall.

  • May 2, 2024
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Industry Analysis Manufacturing

Legal Dispute Stalls Sri Lanka’s Oil and Gas Exploration Efforts

Legal challenges have once again stalled Sri Lanka’s efforts to attract international investment in the exploration and commercialization of two blocks totaling over.

  • April 30, 2024
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Industry Analysis

President Wickremesinghe Explores Tourism Potential of Sri Lanka’s Central Highlands

President Ranil Wickremesinghe embarked on a visit to Nuwara Eliya yesterday, with a focus on reviving tourism in the picturesque hill country. His.

  • April 17, 2024
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Industry Analysis

Sri Lanka and ADB Discuss Electricity Sector Reforms and Collaboration

Sri Lanka’s Minister of Power and Energy, Kanchana Wijesekera, recently met with representatives from the Asian Development Bank (ADB) for a productive discussion.

  • April 15, 2024
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Industry Analysis

Sri Lanka Tourism Sees Positive Growth, British Visitors on the Rise

Sri Lanka’s tourism industry is showing promising signs of recovery in 2024. As of April 7th, the country has welcomed a total of.

  • April 10, 2024
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