Reuters – U.S. stocks plunged in highly volatile trading on Monday, with both the S&P 500 and Dow Industrials indices slumping more than 4.0 percent, as the Dow notched its biggest intraday decline in history with a nearly 1,600-point drop and Wall Street erased its gains for the year. The declines for the benchmark S&P…
The Colombo Stock Exchange was recently awarded the ISO 9001: 2015 Quality Management System certificate for Human Resources by Bureau Veritas Certification Holding SAS – UK Branch, confirming that the CSE has implemented a quality management system for HR in which all processes and procedures have been carefully designed and quality-tested according to international standards….
BEIJING (Reuters) – Sri Lanka wants a longer-time period to negotiate a free trade agreement with China as it is concerned about the economic impact of a rushed deal on their small country, the Sri Lankan ambassador said on Sunday. There has been rising concern in the South Asian nation about Chinese investment, a key…
Ceylon Roots (Private) Limited and the Sunflower Travel Company of the People’s Republic of China, created history by hosting one of the largest incentive groups from China, for a week in Sri Lanka. The group comprised the best performing sales force of Jiong Aplhay Bio Company of China which is renowned to be the largest…
Coinciding with Sri Lanka’s 70th Independence Anniversary, the government will be launching a new national export strategy this month in collaboration with the government of Singapore, following the strengthening of bilateral relations last month. “On the exports front we are launching a new national export strategy next month with the focus on competitiveness and product…
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…
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