April 2023
ESQR Award Received by People’s Leasing Presented to the President
Pradeep Amirthanayagam, Chairman of People’s Leasing & Finance presenting the ESQR award to President Ranil Wickremesinghe in the presence of...
Over 50% of digital payments could be conducted through secure closed-loop transactions by 2030
March 3, 2023. Elizabeth Kerr Digital payments have become an integral part of our daily lives. In the last few...
Mobile Phones made 59% of total web traffic last year, almost 10% more than in 2021
March 5, 2023. Jastra Kranjec. Mobile internet traffic has almost doubled in the last eight years, with close to two-thirds...
Cybercrime the biggest risk to businesses in 2023, ahead of supply issues and inflation
March 8, 2023. Jastra Kranjec. For years, cybercrime has been one of the biggest risks to businesses, compromising sensitive data...
Five surprising countries that produce the best weed in the world
Discover the countries that, surprisingly, have some of the best weed in the world. March 8, 2023. Melissa Jaramillo. When...
Digital banking app downloads surged 54% in 2022 exceeding 26 million
March 14, 2023. Justinas Baltrusaitis. In recent years, digital banks have rapidly emerged as disruptive players in the financial industry,...
People’s Leasing closes the Third Quarter of the Financial Year 2022/23 on a commendable note
With a notable quarterly profit of 959 million rupees for the third quarter of the financial year 2022/23, People’s Leasing...
Over 2.85 billion people to use online food delivery in 2023, revenues to jump by 20% YoY to $910B
February 27, 2023. Jastra Kranjec. The swelling food costs have become a major problem for consumers worldwide. With Food Prices...
People’s Bank continues to demonstrate its resilience
People’s Bank announced the results for its year ended December 31, 2022, with total consolidated gross revenues, total operating income,...
China has the lowest foreign reserves-to-gold share ratio as Portugal, U.S. dominate
February 28, 2023. Justinas Baltrusaitis. Gold has remained a vital element in the financial reserves of nations, and its allure...
People’s Bank Adjudged the Winner for Best Management Practices
People’s Bank, has been recognized for its excellence in management practices at the Best Management Practices Company Awards 2023. The...
DFCC Bank Wins at the Best Management Practices Awards
DFCC Bank has been recognized for the bank-wide implementation of its sustainability strategy, receiving the Best Management Practices Excellence Award...
DFCC ‘Vyapaara Hamuwa’ to Support MSME/SMEs in the Morawaka Area
First DFCC “Vyapaara Hamuwa”, Supporting MSME/SMEs in the Morawaka Area. DFCC Bank concluded the first edition of the DFCC ‘Vyapara...
Over $50 billion outflows from world’s largest investment companies in 2023
March 16, 2023. Justinas Baltrusaitis. For several months, the global economy has been grappling with the threat of recession, with...
People’s Bank Becomes the First Bank to Issue and Acquire LankaPay Debit Card
Sujeewa Rajapakse, Chairman of People’s Bank presented First People’s LankaPay debit card to the Chairman of the University Grants Commission...
People’s Bank Partners with IFC and National Chamber of Commerce of Sri Lanka
People’s Bank has joined hands with the International Finance Corporation (IFC) and the National Chamber of Commerce of Sri Lanka...
JAT Holdings Partners with the Sri Lanka Institute of Architects
Aelian Gunawardene, the Founder and Managing Director of JAT Holdings. JAT Holdings partnered with the Sri Lanka Institute of Architects...
$100 billion leaves 5 largest U.S. banks’ market cap in 2023 as Bitcoin adds $200 billion
March 21, 2023. Justinas Baltrusaitis. With the United States banking crisis claiming several casualties, the situation’s impact has spread over...
Crypto remittance boasts a 127 times lower price tag than traditional methods
March 20, 2023. Edith Muthoni. Sending money abroad has traditionally been expensive and time-consuming. Fees, exchange rates, and other costs...
ComBank Group consistent with solid topline growth in 2022
The Commercial Bank of Ceylon Group ended 2022 with a solid operational performance, having navigated the perfect storm with a...
Nike grossed $78.3B from apparel sales in the last six years, almost as Adidas and Puma combined
March 22, 2023 Jastra Kranjec. As one of the largest and most recognizable brands on the planet, Nike holds the...
ComBank Crowned Overall Winner
Commercial Bank won seven awards, including the overall award for banking institutions at the LankaPay Technnovation Awards. It won gold...
ComBank Arrives in Anamaduwa
Prof. Ananda Jayawardane, Chairman, Commercial Bank (second from left), flanked by Sanath Manatunge, Managing Director/CEO (third from left), and S....
People’s Bank Celebrated International Women’s Day
Sujeewa Rajapakse, Chairman People’s Bank, and Clive Fonseka, Acting Chief Executive Officer/General Manager at the People’s Bank handing over Vanitha...
DFCC Bank Celebrated International Women’s Day
DFCC Bank celebrated International Women’s Day with a female-led Forum. DFCC Bank’s commitment to diversity, equity, and inclusion was highlighted....
Save While You Spend with One percent CashBack on DFCC Bank Credit Cards
DFCC Bank Credit Cards provide one percent guaranteed CashBack feature for all card- holders 365 days a year. This CashBack...
DFCC Bank Establishes Indian Rupee Nostro Account with HDFC Bank India
Prins Perera, Senior Vice President – Treasury and Investment Banking, DFCC Bank. DFCC Bank has announced the opening of an...
HNB Recognized as Market Leader, Best Service in Trade Finance by Euromoney
HNB continued to showcase its market leadership in international trade services after being declared Sri Lanka’s ‘Best Service in Trade...
Zomato beats Uber Eats as the most popular food delivery app in 2022 with 55 million downloads worldwide
March 20, 2023. Jastra Kranjec. The food delivery market has snowballed over the past five years, led by food delivery...