growth Archives - Lanka Business News

April 2, 2025

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ACL Cables PLC, the no.1 cable company in Sri Lanka has announced key changes to its Board of Directors, reinforcing the commitment to strong governance and strategic growth. Effective January 1, 2025, respected professionals Emeritus Professor Kulatilleke Arthanayake Malik Kumar Ranasinghe as Independent Non-Executive Director and Senior Independent Director and Wickramasinghe Pathiranage Kusal Jayawardana as […]

April 2, 2025

Amana Takaful Life Insurance PLC has once again demonstrated its commitment to delivering unparalleled financial security and growth, delivering attractive returns for long-term policyholders for 2024. As a trusted long-term insurer, Amana Life provides policyholders with the best investment choices, ensuring they can build and secure their financial future with confidence. This achievement […]

March 27, 2025

Growth forecasts for advertising spend have been downgraded this year (-0.9pp to +6.7%) and next (-0.7pp to +6.3%), equivalent to a $19.8bn cut. The risk of prolonged stagflation – and outright recession – has grown in key economies, exacerbated by new trade tariffs set to bite from H2 2025. Automakers, retailers and tech brands are […]

March 27, 2025

Janashakthi Life, one of the fastest growing Life insurers in Sri Lanka has recorded a massive LKR 5.7 Billion Profit Before Tax for the period under review. This is the second consecutive year the company has surpassed the LKR 5 billion mark in PBT. Reflecting on the company’s achievements, Ravi Liyanage, Director / CEO of […]

March 21, 2025

Industry experts at the Lanka Property Show 2025 expressed confidence in Sri Lanka’s real estate sector, highlighting its potential for growth despite past economic challenges. While factors such as rising interest rates, currency depreciation, and fluctuating taxes previously impacted the market, experts were optimistic that stabilizing interest rates, exchange rates, and tax policies will foster […]

March 19, 2025

A 40-year lease renewal agreement for rubber plantations has been signed between the Bangladesh Forest Industries Development Corporation (BFIDC) and the Forest Department. Over the years, the Forest Department has officially transferred 38,184.48 acres of land for 18 rubber plantations to BFIDC. The agreement signing ceremony took place Tuesday 18 March 2025 at […]

March 9, 2025

The ‘Invest Sri Lanka’ Capital Market Investor Forum 2025, hosted by the Colombo Stock Exchange (CSE) in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC) and the Stockbroker industry is scheduled to take place on 27th and 28th of March 2025 at the Shangri-La Colombo. The forum will feature high-ranking officials, including […]

March 4, 2025

By HNB Managing Director/CEO, Damith Pallewatte “Growth is never by mere chance; it is the result of forces working together.” – J.C. Penney Sri Lanka’s recent tentative steps back to growth can be likened to a patient just discharged from hospital after being admitted to intensive care for cardiac arrest. Following a difficult surgery, he […]

February 27, 2025

SINGAPORE – Media OutReach Newswire – 26 February 2025 – On February 20, the “Exploring New Growth” OPPO Ads Connect 2025 Southeast Asia Salon was successfully held in Singapore alongside the launch of OPPO Ads’ new Device+ Marketing Solution. This is OPPO Ads’ first platform-level event abroad, showcasing its strategic capabilities, creative accomplishments, market insights, […]

February 26, 2025

Advances grow by 24% with industry low Stage 3 Impairment Deposit up by 16% with industry high CASA of 44% PBT up by 21% to close at LKR 2.8 billion as PAT grows 28% to reach LKR 1.8 bn Amana Bank PLC continued its robust performance to conclude 2024 on a strong note as the […]

ACL Cables PLC announces New Board appointments

Amana Life Insurance Delivers Exceptional Returns to Policyholders in 2024

Global ad market prospects downgraded by $20bn in the face of widespread disruption from trade tariffs

Janashakthi Life Records Over 5 Billion in Profits for the Second Consecutive Year

Property Market Shows Signs of Growth Despite High Taxes & Bureaucratic Hurdles

BFIDC’s Rubber Plantation Lease Renewal for 38,184 Acres: A Key Step for Revenue Growth and Climate Protection

‘Invest Sri Lanka’ Investor Forum in Colombo on 27th and 28th March to Woo Foreign Investors.

Local Realignments Driving Global Growth: HNB’s Vision for a Diverse and Digitailised Sri Lankan Resurgence

OPPO Ads Connect 2025 Southeast Asia Salon: Unlocking New Marketing Growth and Drafting a Business Blueprint

Amana Bank continues robust performance in 2024