By the third quarter of 2017, the estimated economically active population in the country was 8.52 million, the Quarterly Report of Sri Lanka Labour Force Survey conducted by the Department of Census and Statistics released recently stated. Out of this 63.1 percent are males and 36.9 percent are females. The economically active population is defined…
President Maithripala Sirisena says it is vital to work in accordance with a policy based on the local industries in the process of strengthening the national economy. The President pointed out that proper management of the resources in a country as well as the investments made from the use of those resources is fundamental to…
The shares of Hatton Plantations Ltd (CODE: HPL) commenced trading on the Colombo Stock Exchange (CSE) today. The shares, which were listed by way of an introduction on the Diri Savi Board of the CSE have been classified under the ‘Plantations’ sector. The occasion was marked through a Bell Ringing ceremony hosted by the CSE….
Allianz, the global financial services leader, today announced that it has entered into an agreement with Janashakthi Insurance PLC (“JINS”) to acquire 100% of its subsidiary Janashakthi General Insurance Limited (“JGIL”) for LKR 16.4 billion (EUR 85.9 million). The transaction is subject to regulatory approval and is expected to complete in the first quarter of…
Janashakthi Insurance PLC a sale and purchase agreement with Allianze SE, a company incorporated in Germany and the European Union, bearing registration number HRB 164232 and with its registered office at Königinstr. 28, 80802, Munich, Germany for the sale of the entirety of the Janashakthi Insurance PLC’s shares in its wholly owned subsidiary Janashakthi General…
The external sector performance in November 2017 was supported by continued inflows to the financial account of the Balance of Payments (BOP) mainly with higher foreign inflows to the government securities market, and marginally improved earnings from tourism. Although a double-digit growth in exports has been recorded, partly driven by the low base recorded in…
Qatari Emir Sheikh Tamim bin Hamad Al Thani has ratified a number of international cooperation agreements in various fields, including a deal between Qatar and Sri Lanka. The Xinhua news agency quoted the Qatar News Agency (QNA) as saying the Emir ratified a deal on visa exemption and collaboration in health and medical sciences between…
Reuters – Sri Lankan shares rose for a second straight session on Thursday to their highest close in more than three weeks as foreign buying boosted sentiment, brokers said. The Colombo stock index ended up 0.34 percent at 6,498.45, its highest close since Jan. 10. “The positive sentiment is continuing. Both local retailers and foreigners…
On an application made by the Attorney General on behalf of the Criminal Investigation Department, the High Court of Colombo earlier today made order extending the order made last week by the Director of the Financial Investigation Unit of the Central Bank freezing all bank accounts of 24 companies of the Perpetual Treasuries Group LD…
AirAsia today announced a special deal of RS.12,699 for direct flights from Colombo to Kuala Lumpur, Malaysia. The exclusive promotion is part of the airline’s efforts to further engage the local market ahead of its plans for 2018. Travellers can discover the best of Malaysia with the iconic attractions and world-class shopping experience in…
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