Nitesh Banga to succeed Santosh Thomas as Chief Executive Officer Virtusa Corporation, a global leader in digital business strategy, digital engineering, and IT services, announced a leadership transition with the appointment of Nitesh Banga as President and CEO, effective February 3, 2025. Nitesh will succeed Santosh Thomas, who is stepping down to pursue outside opportunities….
NDB Bank takes a significant stride in revolutionising financial convenience by enabling government payments through its cutting-edge digital platforms, NEOS Online Banking and NEOS Corporate. This integration aligns with the launch of GovPay, Sri Lanka’s transformative digital payment platform, spearheaded by the Information and Communication Technology Agency (ICTA) and LankaPay, and supported by the Ministry…
Melstacorp PLC has announced the appointment of D. Hasitha S. Jayawardena as the Executive Chairman, following the passing of Deshamanya D. H. S. Jayawardena. The Board of Directors approved the appointment through a resolution dated February 6, 2025, with immediate effect. Mr. Hasitha Jayawardena, previously serving as a Non-Independent Non-Executive Director, brings over 12 years…
Performance Review for the Nine Months Ended 31st December 2024 Overview The Group recorded earnings of Rs. 3.0 billion, a 36.3 percent growth in consolidated earnings for the quarter with revenue increasing by 6.4 percent to Rs. 33.2 billion and operating profit increasing by 25.7 percent to Rs. 4.9 billion. Revenue growth was evident across…
Sri Lanka’s commitment to a cleaner and healthier environment has received a major boost through the generous support of the Government of Japan. Under Japan’s Economic and Social Development Programme, a grant of 300 million Japanese Yen (approximately LKR 565 million) has been provided to procure 28 state-of-the-art garbage compactors. This assistance will significantly enhance…
Aitken Spence PLC announced the appointment of Ms. D S T Jayawardena (Stasshani Jayawardena) as Chairman of the company, following the passing of Deshamanya D H S Jayawardena. Concurrently, Mr. M R Mihular has been appointed as the Senior Independent Director. Ms. Jayawardena, an Executive Director at Aitken Spence, brings over 15 years of strategic…
Hatton National Bank PLC (HNB), Sri Lanka’s second largest Private Bank, announced the successful acquisition of full ownership of Acuity Partners (Pvt) Ltd today. With this acquisition, HNB has rebranded the entity as HNB Investment Bank (Pvt) Ltd, further strengthening its position as a key player in the country’s investment banking sector. Acuity Partners was…
Taking a significant step towards transforming the country into a digital society, three new digital initiatives will be introduced Today (07) at the Presidential Secretariat under the patronage of President Anura Kumara Dissanayake. The initiatives include the launch of the ‘GovPay’ platform for the digitalization of all government payments, expanding the services of the President’s…
President Anura Kumara Dissanayake and a group of delegates from the International Finance Fund regarding the progress of the comprehensive loan facility programme in agreement with the International Finance Fund was held at the President’s Office Yesterday (06). The current government has still come to staff agreement after the third review under the comprehensive 3…
Fitch Ratings – Fitch Ratings has upgraded the National Insurer Financial Strength (IFS) Ratings of four Sri Lankan insurers following the recent sovereign upgrade and recalibration of the agency’s Sri Lankan national rating scale. At the same time, Fitch has affirmed the National IFS of three Sri Lankan insurers. The recalibration reflects changes in the…
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