Asia Financial Services

As Sri Lanka’s economy has expanded over the past half decade, it’s insurance industry has grown apace, in the process becoming a vibrant and competitive market in its own right. Some 29 insurance companies were operating in Sri Lanka as of the beginning of 2016, at which point the sector’s total assets were valued at LKR394.2bn ($2.8bn),...

The Sri Lankan capital markets are recovering after a period of great change and a measure of controversy. Stocks boomed when the civil war ended, only to fall back as regulation and regulators were unable to keep up with the surge in activity, and manipulation and unfair dealing were alleged. With a new government in power, the apparent...

THE COMPANY: Hemas Holdings is a diversified conglomerate, established as a family-owned entity in 1948, and listed on the Colombo Stock Exchange in 2003. The group’s operations are aligned into four main business streams: Health care, with a 42% contribution to company revenues, fast-moving...

Sri Lanka’s stock market has grown by leaps and bounds since the end of the civil war in 2009. But while major upgrades to trading infrastructure are well under way, legislation governing the sector – particularly regarding the regulatory body, the Securities and Exchange Commission of Sri Lanka (SEC) – has at times failed to keep pace....

THE COMPANY: Dialog Axiata (Dialog), a subsidiary of Axiata Group was incorporated in 1993 and subsequently converted to a public limited liability company in 2005, listing its ordinary shares on the Colombo Stock Exchange (CSE). Dialog Axiata currently holds the market leadership position in Sri...

THE COMPANY: Established in 1969 Commercial Bank of Sri Lanka is the largest private sector commercial bank in the country, and the only Sri Lankan banking sector counter represented in the MSCI Frontier Market Index. With a total asset base of approximately LKR816bn ($5.9bn), it has the largest...