The Board of Directors of AIA Insurance Lanka PLC (“AIA Sri Lanka” or the “Company”) is pleased to announce the financial results of the Company and its subsidiary (collectively, the “Group”) for the year ended 31 December 2018. The main highlights are: Consolidated revenue grew by 6 per cent to LKR 18,232 million during…
~ “When women participate in the economy, everyone benefits”. – Hillary Clinton As part of the diversity and inclusion efforts of the institute, the Sri Lanka Institute of Marketing has organized a forum for marketers in line with International Women’s Day. As this year’s IWD theme #Balanceforbetter outlines; a balanced world is a better world….
The World Bank Board of Directors approved a $125 million credit for Sri Lanka to improve the resilience and productivity of agriculture for more than 470,000 small farmers in 6 provinces in the dry zone of the country. The provinces selected are those that are most exposed to climate impacts. Sri Lanka is particularly vulnerable to…
Sri Lanka’s Minister of Telecommunication, Foreign Employment and Sports – Harin Fernando pointed out government’s aim is to make Sri Lanka a benchmark in adopting Digital Technologies for Government administration and public affairs management, whilst the necessary technical infrastructure to facilitate this effort, especially in rural areas will be provided. He further said that 5G…
Contributing to the alleviation of traffic congestion in Colombo through urban transportation system improvements On March 11, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Democratic Socialist Republic of Sri Lanka in Colombo to provide a Japanese ODA loan of up to 30.04 billion yen for the…
• The state-of-the-art Inland Container Depot (ICD) is to be operational by June 2019 • The third-party logistics (3PL) facility will open for business in Q1 2020 Hayleys Advantis Limited (Advantis), in partnership with Dubai based Trustworthy.ae Group, recently broke ground at their first Inland Container Depot (ICD) facility, in Abu Dhabi. Advantis is to…
Business Sentiment – Index Records Further Gains Set against the backdrop of a spate of drug busts and related violence in and around the island, as well as heightened concerns over the safety of local bank ATM transactions, the European Commission (EC) recently included Sri Lanka in a new list of 23 countries deemed to…
Sri Lanka’s Budget 2019 has got International Monetary Fund’s (IMF) support whilst Mission Chief for Sri Lanka Manuela Goretti had stressed that with Sri Lanka’s public debt at over 90% of GDP, large refinancing needs, and low reserve buffers, a prudent policy mix is necessary. She has also said that sustaining the fiscal consolidation effort…
Sri Lanka’s Minister of Digital infrastructure and Information Technology – Ajith P. Perera in a recent interview said that government has ambitious plans to bring the entire government under one umbrella on the e-government front, first step towards that will be done by creating Sri Lanka’s “Population Registry” – which may be called the “Mother…
In response to the success of the launch edition of the ‘Great Manager Awards’ three years ago, the Colombo Leadership Academy is on the look-out to recognize the country’s best corporate leadership yet again. Effective leaders are not just crucial to the highest level of an organisation, they also play a pivotal role in inspiring…
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