Mrs. Sepalika Panagoda a Financial Advisor of Ceylinco Life, has been appointed Country Chair of the Million Dollar Round Table (MDRT), the world’s premier association of financial professionals, for the fourth time. A qualifying member of MDRT since 2008, Mrs. Panagoda was previously appointed as Country Chair of the Association for three consecutive years…
Reuters – Sri Lankan shares edged lower for a second straight session on Monday, led by market heavyweight John Keells Holdings, as the absence of any positive triggers dampened appetite for the island nation’s risky assets. The Colombo stock index fell 0.21 percent to 6,128.82 points, moving further away from its highest close since July…
Leading Sri Lankan Life Insurer Janashakthi Insurance PLC (Janashakthi) reported a 6% year on year (YoY) growth in Gross Written Premium (GWP) for the six months ended 30th June 2018, ending the period under review with premiums of Rs.1.445 billion. Continuing to honour its commitment to policyholders, Janashakthi saw claims grow by 12% YoY, from…
Piramal Glass Ceylon PLC has announced its results for the 1st Quarter of FY 2018-19 with Rs. 1,649 million of revenue with Rs. 86 million of profit before tax. The revenue during the 1st three months of FY2018-19 was Rs. 1,649 million, which reflects a growth of was 17.5% when compared to the similar period of previous year revenue…
Reuters – The Sri Lankan rupee hit a near-record low on Monday as weakness in emerging market currencies weighed, but later recovered to end the day flat, dealers said. The rupee, which hit an intraday low of 160.15 per dollar, ended at 160.00/10, unchanged from Friday’s close. It hit a record low of 160.17 on…
Fitch Ratings Lanka has affirmed Abans Finance PLC’s National Long-Term Rating at ‘BB+(lka)’. The Outlook is Stable. KEY RATING DRIVERS The affirmation reflects Fitch’s view that support would be forthcoming from parent, Abans PLC (BBB+(lka)/Stable), based on Abans’ majority 49.7% equity stake, involvement in Abans Finance’s strategic direction through board representation, a common brand name…
Leading Sri Lankan multinational and diversified conglomerate, Hayleys PLC celebrates 140 years of business excellence and innovation this year. Established in 1878 by Chas. P. Hayley, a British entrepreneur in Galle, the company at its inception served as trading house for the import of valuable goods, and export of locally produced goods such as…
Teejay Lanka PLC, Sri Lanka’s only multinational textile mill and the region’s largest textile manufacturer, recently won a Top 10 Achiever Award and the Silver award in its category, at the CNCI Achiever Awards presented by the Ceylon National Chambers of Industries (CNCI). This is the second consecutive year that Teejay was recognised for industrial…
Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE) is announcing a number of new offerings focused on raising-the-bar in the services offered to its stakeholders. In this in-depth interview, Mr. Nalin Fonseka, Head of CDS speaks on the thinking behind these new offerings and how they will…
Minister of Health, Nutrition and Indigenous Medicine Dr. Rajitha Senaratne says measures will be taken in near future to reduce charges for 46 various services at private hospitals. Addressing a the Kalutara district conference of All Island Private Pharmacy Owners Association at Panorama Hotel in Kalutara, the Minister said the prices for services offered at…
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