economic challenges Archives

July 26, 2024

By Dr. Dan Seevaratnam Sri Lanka continues to grapple with severe economic challenges that affect all its citizens, including those in the plantation sector. At a time when nearly one in four Sri Lankans has fallen below the poverty line as a result of the Sri Lankan economy’s historic downturn over the past 4 years, […]

November 13, 2023

Group Total operating income up by 43% to LKR 31 Bn Group records Operating Profit Before Taxes on Financial Services of LKR 11 Bn. Group PAT of LKR 7 Bn Impairment charge of LKR 12 Bn reflective of present economic stresses During the period under review, DFCC Bank remained committed to providing […]

August 16, 2023

Total operating income up by 61% to LKR 20.6 Bn DFCC Group records PAT of LKR 3.9 Bn and PBT of LKR 5.9Bn Impairment charges of LKR 8.1 Bn reflective of present economic stresses DFCC Bank continued its commitment to serving customers across the country, delivering high-quality customer centric banking services, despite […]

July 17, 2023

HUTCH, the pioneering telecom operator in Sri Lanka, remains steadfast in its commitment to supporting its workforce amid the prevailing economic challenges. In line with its comprehensive range of initiatives, HUTCH has introduced a highly commendable measure to support its employees by establishing a sustainable vegetable plot at its 8-acre engineering complex […]

May 15, 2023

Sampath Bank continued to reinforce its commitment to all stakeholders notwithstanding the ongoing economic challenges. Stepping in to support the customers affected by the prolonged economic downturn, the Bank continued to offer tailormade options and alternative repayment plans to help its customers sustain their businesses while staying true to its ethos of […]

March 7, 2023

At a time when Sri Lanka faces unprecedented economic challenges, ‘going digital’ has become more important than ever. Digital transformation is even more crucial for banks now, with the significance of digitalizing the banking sector being accelerated due to the global pandemic, and more customers transferring to online platforms. Challenges such as […]

September 6, 2022

International apparel firms are doubling down on their investments in Sri Lanka and are expanding their production capacities, sending positive signals even in the midst of a historic economic meltdown. An internationally reputed producer of accessories for the global lingerie industry – Prym Group is a company with a rich legacy of […]

July 18, 2022

Huawei Sri Lanka as a responsible corporate citizen in the country, recently committed and pledged emergency relief to vulnerable communities affected and impacted due to ongoing economic challenges faced by the country through the ‘Manudam Mehewara’ initiative. This multi-corporation humanitarian alliance was initiated by Dialog Axiata PLC, MAS Holdings Pvt Ltd, […]

Balancing Wages and Well-being: A Sustainable Future for Sri Lanka’s Plantation Sector

DFCC Bank Records Strong Performance Despite Economic Challenges in Q3 2023

DFCC Bank Reports Strong Performance Amidst Economic Challenges for the 1st half of 2023

HUTCH promotes sustainable and organic agriculture at Walpola Engineering Complex

Sampath Bank maintains a strong value proposition to all its stakeholders amidst ongoing economic challenges.

Expanding Seylan Bank’s digital footprint for the ‘digital first’ era

Germany’s Prym Intimates: SL apparel’s strategic value outshines current economic challenges

Huawei Joins ‘Manudam Mehewara’ to Extend Emergency Relief to Vulnerable Communities