Leading Sri Lankan insurer, Janashakthi Insurance PLC announced the appointment of Ravi Liyanage as the company’s Director / Chief Executive Officer with effect from 16th of November 2020. “It is my great pleasure to welcome Ravi Liyanage to Janashakthi Life as the Chief Executive Officer of Janashakthi Insurance PLC. I am confident that Ravi’s wide…
Softlogic Capital PLC Chairman Ashok Pathirage recently stated that they are very keen to take capital markets to the absolute retail level by introducing investments that start at just Rs. 5,000. “We have now launched Softlogic Invest that operates two Unit Trusts and will also have a Fund Management business. We are very keen to…
In an unprecedented feat among the titans of the hospitality industry in Sri Lanka, all three properties owned and operated by Citrus Leisure PLC secured three international travel accolades. Citrus Waskaduwa, Citrus Hikkaduwa, The Steuart by Citrus and the &Co Pub and Kitchen were recognised by Tripadvisor’s Travellers’ Choice Awards, Agoda’s Customer Review Awards and…
Council for Business with Britain appoints 1st female President The 20th Annual General Meeting (AGM) of the Council for Business with Britain (CBB) of the Ceylon Chamber of Commerce was conducted on 27 August 2020. During the course of proceedings, Roshanie Moraes, Executive Vice President, John Keells Holdings PLC became the first woman to be…
The 25th Annual General Meeting of the SLANZBC – Sri Lanka-Australia-New Zealand Business Council of the Ceylon Chamber of Commerce was held on 22nd July 2020 via Microsoft Teams. David Holly, The High Commissioner for Australia in Sri Lanka made the keynote address, online. Addressing the membership, Australian High Commissioner David Holly observed that “this…
An oil tanker chartered by Indian Oil Corp (IOC) caught fire 38 nautical miles off Sangamankanda coast. The fully loaded New Diamond, a very large crude carrier (VLCC), was heading to the port of Paradip in India where state-run IOC operates a 300,000 barrel-per-day refinery. It had sailed from Mina Al Ahmadi in Kuwait, Refinitiv…
SriLankan Airlines recently carried out a survey amongst its FlySmiLes loyalty membership to capture how the COVID-19 pandemic has affected their perceptions and sentiments on travel. This included top tiers of Platinum, Gold, Classic & Silver tier co-branded credit card holders. The survey collated feedback from over 5,500 passengers within a period of 3 weeks….
Cabinet approval was granted on 27.05.2020 to implement a housing project to provide affordable housing to middle-income earners in the public and private sectors. Accordingly, the proposal made by Prime Minister Mahinda Rajapaksa in his capacity as the Minister of Urban Development and Housing, to issue Rs.25 billion debenture valid for a period of 05…
The United States Government, through the U.S. Agency for International Development (USAID), has donated 200 brand-new, state-of-the-art ventilators to Sri Lanka, delivering on President Trump’s offer of critically needed supplies and supporting Sri Lanka’s fight against COVID-19. The ventilators were handed over to Sri Lanka’s Minister of Health Hon. Pavithra Wanniarachchi by the U.S. Ambassador…
Going forward, Sri Lanka should really look at strengthening the orthodox tea market and not concentrate much on the CTC market, Tea Exporters Association (TEA) Chairman Sanjaya Herath stated. “Sri Lanka is very famous for orthodox teas and we basically have a 46% market share of the orthodox tea market in the world. Going forward…
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