Janashakthi Life strengthens board with two new appointments
Janashakthi Insurance PLC, one of the key players in Sri Lanka’s insurance industry, announced the appointments of Mr. Sivakrishnarajah Renganathan…
Category: Business
Janashakthi Foundation partners with CEPA and YUMA Foundation to produce Sri Lanka’s first Trilingual Inequality Research Report
Janashakthi Foundation, the Philanthropic arm of Janashakthi Group, partnered with the Centre for Poverty Analysis (CEPA) and YUMA Foundation, to…
DhanaMaga – Financial education is just a click away!
Asia Securities champions financial inclusion in Sri Lanka with a free, trilingual, short video-based Financial Literacy initiative First-ever comprehensive private…
Banking Sector Lending Rates Hints a Comeback While Deposit Rates Continues to Fall
Sri Lanka’s banking sector’s Average Weighted Prime Lending Rate (AWPR) reached a new monthly high of 5.86 percent at-end April…
Financial, industrial stocks raise Sri Lankan shares about 1% higher
(Reuters) – Sri Lankan shares ended nearly 1% higher on Wednesday, boosted by financial and industrial stocks. The benchmark stock…
Licensed Banks to come under requirements to implement Recovery plans
Sri Lanka’s Licensed Banks come under requirements to implement Recovery plans in order to strengthen crisis preparedness and to enhance…
Sri Lanka’s Banks are unlikly to return to Pre-covid proftiability levels in 2021
Sri Lanka’s Banks are unlikly to return to Pre-covid proftiability levels next year, Fitch Ratings said in a special report.…
Sri Lanka’s banks became more flexible in lending in 3Q
Sri Lanka’s banking sector was more open to lending for borrowers in retail, corporate, and SME categories in the third…
Sri Lanka to introduce new laws to protect investments
Sri Lanka’s President Gotabaya Rajapaksa vowed to bring in new laws to protect both local and foreign investors as the…
Sri Lanka’s banks to show reluctance to absorb their subsidiary Finance Firms – Fitch Ratings
Sri Lanka’s banks would be reluctant to absorb their finance and leasing companies (FLC) due to the significant difference between their…