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Seventh consecutive Overall Excellence win for LOLC Finance at LankaPay ...
Despite a reshuffle at the helm of energy sector, the government has moved swiftly to reassure markets, investors, and industry stakeholders that policy continuity—not disruption—will define the road ahead. Newly appointed Power and Energy Minister Anura Karunathilake, assuming duties at a moment of heightened scrutiny, made it clear that the administration’s core commitment remains unchanged: uninterrupted supply of electricity and fuel, regardless of political transitions. His remarks come at a critical juncture for the country’s energy economy—still recovering from past volatility, navigating global price pressures, and attempting to build investor confidence in long-term infrastructure and generation projects. Addressing journalists following his appointment, Karunathilake struck a notably measured tone, signaling stability rather than reformist disruption. “The national energy policy is anchored in long-term objectives. There is no shift in direction,” he said, in what analysts interpret as a deliberate message to both domestic and foreign investors wary of policy reversals. Energy economists note that Sri Lanka’s power and fuel sectors remain deeply sensitive to political signals. Even minor uncertainty can ripple through procurement cycles, independent power producer (IPP) negotiations, and fuel hedging strategies. By emphasizing continuity, the government appears intent on avoiding the stop-start policy cycles that have historically plagued the sector. The transition follows the resignation of former Minister Eng. Kumara Jayakody and Ministry Secretary Prof. Udayanga Hemapala on April 17, a move widely viewed as an attempt to ensure the independence of an ongoing Presidential Commission probing coal procurement processes. From a governance perspective, the resignations may serve to reinforce institutional credibility—particularly at a time when transparency in energy procurement is under intense public and political scrutiny. Karunathilake acknowledged opposition criticism regarding transparency but responded with a firm challenge: present concrete evidence to investigative authorities rather than litigating issues through media narratives. Perhaps the most market-sensitive assurance came in the Minister’s outright rejection of imminent power cuts. Energy supply stability remains a cornerstone of economic recovery. From export manufacturing to tourism and digital services, uninterrupted electricity is non-negotiable. Karunathilake indicated that gr...
FinanceAsia Awards 2026: South Asia winners announced
April 22, 2026 With 2025 being yet another turbulent year across markets and economies, the FinanceAsia team invited banks, brokers, ratings agencies and other financial institutions to showcase their capabilities when supporting their clients. The 30th edition of FA's flagship awards celebrates those institutions that showed determination to deliver desirable outcomes, through the display of commercial and technical acumen, during the 12 months of 2025. Congratulations to all of our winners in the South Asia markets. Read on for details of the winners and finalists (entrants whose submissions were "Highly commended". Full write-ups explaining the rationale behind winner selection will be published the Awards edition of FinanceAsia, with subsequent syndication online. BANGLADESH - DOMESTIC BEST BANK City Bank BEST DCM HOUSE IDLC Investments BEST ECM HOUSE IDLC Investments BEST INVESTMENT BANK IDLC Investments BEST M&A HOUSE LankaBangla Investments BEST SUSTAINABLE BANK Infrastructure Development Company INDIA - DOMESTIC BEST BANK FOR SMEs Axis Bank BEST BANK FOR USE OF TECHNOLOGY Axis Bank BEST DCM HOUSE Axis Bank BEST ECM HOUSE Axis Capital BEST INVESTMENT BANK Axis Capital Highly Commended – JM Financial BEST LENDER Godrej Capital BEST M&A HOUSE JM Financial Highly Commended – Pareto Capital Finance Private BEST PRIVATE BANK Axis Bank BEST STRATEGIC INITIATIVE - NONBANK FINANCIAL INSTITUTIONS Godrej Capital MOST DEI PROGRESSIVE BANK HDFC Bank MOST INNOVATIVE USE OF TECHNOLOGY - BANKS Axis Bank MOST INNOVATIVE USE OF TECHNOLOGY - NONBANK FINANCIAL INSTITUTIONS Godrej Capital INDIA - INTERNATIONAL BEST ECM HOUSE Jefferies BEST INTERNATIONAL RATINGS AGENCY Fitch Ratings BEST INVESTMENT BANK Jefferies BEST LENDER HSBC BEST M&A HOUSE Jefferies BEST PRIVATE BANK HSBC Private Bank BEST STRATEGIC INITIATIVE - BANKS Standard Chartered Bank BEST SUSTAINABLE BANK MUFG Bank BIGGEST SUSTAINABLE IMPACT - NONBANK FINANCIAL INSTITUTIONS PIDG PAKISTAN - DOMESTIC BEST BANK Allied Bank BEST BANK FOR FINANCIAL INCLUSION Mobilink Microfinance Bank BEST BANK FOR LARGE CORP & MNCs Habib Bank BEST BANK FOR PUBLIC SECTOR CLIENTS Habib Bank BEST BANK FOR USE OF TECHNOLOGY Mobilink Microfinance Bank BEST BROKER Arif Habib BEST DCM HOUSE Habib Bank BEST DIGITAL BANK Mobilink Microfinance Bank BEST ECM HOUSE Arif Habib BEST INVESTMENT BANK Habib Bank Highly Commended – Arif Habib BEST LENDER United Bank BEST M&A HOUSE Habib Bank BES...
Seylan Bank shines at LankaPay Technnovation Awards 2026 with ...
Seylan Bank celebrated a significant triumph at the LankaPay Technnovation Awards 2026, the 8th edition of Sri Lanka's premier digital payment awards, clinching multiple accolades as pioneers of digital payments ecosystem service provider. Held at Cinnamon Life on the 24th of March 2026, Seylan Bank's numerous victories demonstrate the Bank with a Heart's exceptional commitment...
LankaPay Technnovation Awards 2025 to honour the champions of ...
In a quest to drive financial inclusivity in the country, which is a key objective of the Central Bank of Sri Lanka, LankaPay Technnovation Awards intends to enhance the efficiency of the country's national payment network. Award criteria for 2025 considers interbank transactions during the period from 1st April 2023 to 31st December 2024.
