growth Archives - Lanka Business News

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 […]

February 26, 2025

Bank’s Financial Performance Financial Highlights Profit before Income Tax (PBT) of LKR 16.04 Bn with a 59% growth Profit after Tax (PAT) of LKR 10.05 Bn with a 61% growth Total Assets of LKR 780 Bn, with a 9% growth All Currency LCR at 491.37 % and Rupee LCR at 415.75% Impaired Loans (Stage 3) […]

February 21, 2025

The Joint Apparel Association Forum (JAAF) welcomes the new Government’s maiden budget, recognizing its focus on export-driven growth, investment facilitation, and policy consistency. The budget’s commitment to economic stabilization and a competitive business environment marks a positive step forward for Sri Lanka’s textile and apparel sector. The expansion of Sri Lanka’s Free Trade […]

February 18, 2025

DIMO, a leading diversified conglomerate in Sri Lanka, marked a significant milestone in its journey, by celebrating over a decade of continuous growth and collaboration with Great Place to Work (GPTW) Sri Lanka. GPTW’s tools assisted in comprehension of our organizational intricacies, leadership dynamics, and workforce ethos and has been instrumental in navigating challenges and […]

February 16, 2025

NCGI’s groundbreaking national initiative aimed at supporting SMEs across the country Citizens Development Business Finance PLC (CDB) made yet another trailblazing move to boost SMEs in the country, by disbursing the very first loan in Sri Lanka under the National Credit Guarantee Institution (NCGI) Guarantee scheme. The loan which was granted to farmer W M G Prasanna […]

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

Seylan Bank posts a remarkable PAT of LKR 10 Bn for 2024

JAAF Welcomes Budget 2025, calls for caution on the removal of SVAT.

DIMO Celebrates Over a Decade of Growth and Collaboration with Great Place to Work Sri Lanka

CDB boosts SMEs with very first NCGI loan disbursement in Sri Lanka