Finance Archives - Page 2 of 3 - Lanka Business News

April 6, 2023

M Power Capital., one of the leading corporate finance and investment banking firms in the country, is pleased to announce the appointment of Lakmal Jayarathne as its new CEO with effect from April 2023. Lakmal, a qualified management accountant, is a very competent investment banker with over 20 years of varied and […]

October 27, 2022

Mr. Keith D. Bernard has been appointed the Chairman of Sri Lanka Ports Authority (SLPA) by the Hon. Minister of Ports, Shipping & Aviation, Nimal Siripala de Silva. Mr.Keith Bernard has from an active career spanning 40 years, accumulated 30-years of experience at CEO and senior management level in diverse sectors encompassing […]

October 17, 2022

The global chief executive of ACCA, Helen Brand, during her recent visit to Sri Lanka, provided valuable insights on how the finance function driven by knowledgeable and forward-thinking finance professionals can provide value added activities to help transform businesses to successfully navigate the current economic landscape faced by Sri Lanka. Outlining how […]

July 11, 2022

The Minister of Finance has issued an Order under Section 8 of the Foreign Exchange Act No. 12 of 2017 extending the amnesty period granted for persons in or resident in Sri Lanka to deposit or sell the foreign currency in possession to an Authorized Dealer (A Licensed Commercial Bank or […]

June 28, 2022

Richard Pieris Finance Limited, a fully owned subsidiary of the Richard Pieris Group, and the sole financing arm under the renowned Arpico brand, delivered solid financial performance for the Financial Year 2021/22, amidst a challenging economic backdrop. Supported by the Company’s committed workforce and prudent management strategies, Richard Pieris Finance’s profit before taxes […]

June 7, 2022

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Despite uncertainties and many challenges, People’s Leasing & Finance PLC, the trusted leader in Sri Lanka’s Non-Banking Financial Institution (NBFI) sector, has once again created history by concluding the Financial Year (FY) 2021/22 with a record-breaking Profit-After-Tax (PAT) of Rs. 4.66 billion, the highest profit, the Company has recorded ever since its inception in […]

June 7, 2022

Colombo, June 7, 2022 – Citizens Development Business Finance PLC (CDB) has stepped up to the crease to empower the winning spirit of Sri Lankans as the Associate Sponsor of the Australia Tour of Sri Lanka 2022. As a progressive organisation that empowers aspirations, CDB came forward to sponsor the full international […]

May 31, 2022

Having strengthened its position as Sri Lanka’s leading Non-Banking Financial Institution, People’s Leasing & Finance PLC (PLC) celebrates its 26th anniversary on 31st May. In recent times, the company has enhanced its reputation with various initiatives and by winning prestigious accolades. The management and staff of PLC said their success during […]

May 30, 2022

The Ministry of Finance issued Import Control Regulations on Payment Terms No.07 of 2022, dated 06 May 2022, and to be effective from 20 May 2022, by restricting the use of Open Account Payment Terms or Consignment Account Terms, subject to conditions, when importing goods to Sri Lanka. This measure complements […]

May 24, 2022

FTI Consulting’s Resilience Barometer® data shows that more energy companies struggled to secure finance in the past 12 months JOHANNESBURG, South Africa, May 23, 2022/APO Group/ —Increased pressure to improve ESG and sustainability; demand-side pressure is driven by the rise in energy consumption; energy supply chain will become a source of […]

M Power Capital appoints new CEO

Finance and Management Professional Keith D. Bernard appointed the Chairman of Sri Lanka Ports Authority

ACCA Chief Executive outlines strategies to transform the finance function to drive business success during challenging times

Extending the Order issued on Possession of Foreign Currency

Richard Pieris Finance, announces Resilient Performance for FY 2021/22

People’s Leasing & Finance records historic profit in FY 2021/22

CDB Embodies ‘Empowering the Winning Spirit’ as Associate Sponsor of the Australia Tour of Sri Lanka

People’s Leasing & Finance celebrates 26 years as the industry leader

The Central Bank of Sri Lanka reassures its commitment to ensuring the availability of foreign exchange through the banking system for importation of essential food items

Energy Resilience in 2022 – The case for energy transition is stronger than ever