economic recovery Archives - Lanka Business News

February 20, 2025

Sri Lanka’s economic recovery in 2024 marked a significant turnaround, with most sectors of the economy showing positivity in renewal and regrowth. This resurgence, fuelled by Sampath Bank’s strategic focus on innovative solutions and customer centricity, enabled the Bank to perform outstandingly compared to the previous year. Financial Performance For the year ended 31st December 2024, the Bank achieved […]

December 3, 2024

Amid Sri Lanka’s journey toward economic recovery, Indian investors and businesses are closely monitoring the emerging opportunities in the local market. Dr. Naresh Bana, Vice Chairman of the Indo-Sri Lanka Chamber of Commerce and Industry (ISCCI) shared his perspective recently, on current investment trends, bilateral trade, and collaborative ventures between the two neighbours. […]

November 14, 2024

Group Net Operating Income up by 22% to LKR 24 Bn Impairment charge for loans and receivables reduced by 69% to LKR 3.6 Bn. Group Profit After Tax of LKR 7.1 Bn Group Total Capital Adequacy Ratio – 15.242% Group Total Assets up by 6% to LKR 681 Bn During the period under review, DFCC […]

August 20, 2024

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In the wake of Sri Lanka’s economic recovery, banking institutions are adapting strategies to align with the evolving landscape. Prins Perera, Senior Vice President of Treasury and Investment Banking at DFCC Bank PLC, discusses the proactive measures and innovative approaches the industry has undertaken to safeguard liquidity, ensure profitability, and identify promising sectors for investment. […]

September 5, 2023

With a rich heritage spanning 68 years, and a strong commitment to customer-centric solutions, DFCC Bank is at the forefront of providing tailored support to address the special needs of the corporate sector and support Sri Lanka’s economic recovery. In an exclusive interview, Sohantha Wijesingha – Senior Vice President and Head of […]

May 10, 2023

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Set to be the catalyst for Sri Lanka’s economic recovery, Port City Colombo (PCC) continues to move closer to completion and delivering on its promises. To foster goodwill and seek blessings in this endeavour, PCC held an all-night, Maha Pirith Chanting ceremony on the 6th of May 2023, followed by a Multifaith […]

May 9, 2023

‘A Business Forum to enhance the collaboration and strengthen the relationship of Sri Lankan Business Community in Australia, and support Social and Economic recovery of Sri Lanka’. The CA Sri Lanka – Australia Chapter Inc. recognises the important role our business diaspora can play in social and economic recovery efforts of Sri […]

January 3, 2023

While the topic of shipping liberalization has generally been the subject of frequent and heated debate in 2022, key stakeholders across Sri Lanka’s logistics and export sectors have become increasingly unified in their call for urgent liberalization of the island’s shipping industry, with shipping and freight forwarding agencies being the most immediate […]

September 30, 2022

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) this week organised a CEOs Breakfast Forum which paid special focus on how and what Sri Lanka must do to progress from crisis to sustainability as the country battles its worst ever economic disaster in history. Dr. Nishan de Mel, Executive […]

April 30, 2020

The latest ILO data on the labour market impact of the COVID-19 pandemic reveals the devastating effect on workers in the informal economy and on hundreds of millions of enterprises worldwide. GENEVA (ILO News) – The continued sharp decline in working hours globally due to the COVID-19 outbreak means that 1.6 billion workers in the informal economy […]

2024 – A year of Growth and Renewal for Sampath Bank

Indian investors eye Sri Lanka’s economic resurgence for greater cross border synergy

Financial Stability: Prudent Balance Sheet Management results in strong bottom line growth for DFCC Bank

Post-Crisis Prosperity: DFCC’s Prins Perera Sheds Light on Industry Strategies in the Wake of Sri Lanka’s Economic Rebound

DFCC Bank Leads the Way in Supporting Corporates and Spurring an Economic Recovery

Blessings for the Nation and Port City Colombo held at Port City Colombo’s Sales Gallery

Reignite Sri Lanka 2023

Adapt or perish: shipping liberalization reforms essential to export-led economic recovery

Houseful CA Sri Lanka CEOs Forum focuses on economic recovery and debt sustainability

ILO: As job losses escalate, nearly half of global workforce at risk of losing livelihoods