3-month premium income up 7% to Rs 4.3 billion Investment income grows by 16% to Rs 2.9 billion Steady growth of its life insurance business and strong investment gains have enabled Ceylinco Life to generate total income of Rs 7.17 billion in the first quarter of 2019, achieving healthy growth of 10.7 per…
Trade between Pakistan and Sri Lanka has come to a sudden halt after the Sunday-Easter bombings. The reason for the termination of trade between Pakistan and Sri Lanka is believed to be the escalating violence against the Muslim community in Sri Lanka. “Rice and textile exports to Sri Lanka from Pakistan have stopped. Potato export has also…
Chinese telecom giant will resist Washington pressure, Ren Zhengfei says Huawei Technologies CEO Ren Zhengfei says Huawei would be “fine” even if Qualcomm and other American suppliers would not sell chips to Huawei, because “we have already been preparing for this.” SHENZHEN, China — Huawei Technologies’ founder and chief executive blasted the Trump administration’s…
Huawei has made substantial contributions to the development and growth of Android around the world. As one of the key global partners, we have worked closely with their open source platform to develop an ecosystem that has benefitted both users and the industry. Huawei will continue to provide security updates and after sales services to…
NEW YORK (Reuters) – Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a source familiar with the matter told Reuters on Sunday, in a blow to the Chinese technology company that the U.S. government has sought to…
Fitch Ratings-Hong Kong/London – The tragic Easter bombings in Sri Lanka will result in lower economic growth this year and could increase external financing pressures, Fitch Ratings says. These pressures are mitigated by the government’s continued adherence to economic policies and targets that have enabled Sri Lanka to get its IMF programme back on track. …
Analysts say EPF dialed Dialog for a 55 Mn Block at Rs. 9 per share on Friday Sri Lanka’s largest pension fund that has piled up money to the tune of over Rs. 2.3 trillion from the private sector workers’ savings Employees’ Provident Fund (EPF) has returned to the country’s only capital market Colombo…
Reuters – Sri Lankan shares closed higher for a second straight session on Friday, moving further away from a near seven-year closing low hit earlier this week, as local investors bought beaten down stocks. ** Traders, however, said sectarian violence still weighed on investor sentiment. Most investors have shied away from the market since the…
Hemas Hospitals, one of Sri Lanka’s leading hospital chains for the past decade, has again been victimized as a result of fake news being circulated among the public. Over the past few years, certain individuals with disruptive intentions have circulated a fictitious leaflet alleging that Hemas Hospitals is providing discounts for patients of a specific…
Cargills Bank announced the appointment of Darshana Ratnayake as its Chief Commercial Officer (CCO) with effect from May 2019. Mr. Ratnayake is a veteran banker with over 30 years of experience in banking and financial services, both locally and overseas. He has served at Cargills Bank in the capacity of Deputy General Manager Retail Banking…
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