Janashakthi Insurance PLC (Janashakthi) registered consolidated Gross Written Premium (GWP) of Rs. 7.222 billion for the six month period ended 30th June 2017, with a Year on Year (YoY) growth of 11%. This was backed by strong growth in the Non-Life or General Insurance segment with a GWP of Rs. 5.858 billion. The Life Insurance…
Sri Lanka’s Minister of Industry and Commerce has directed a Provincial Council famed as the leading potato supplier to the country, to immediately resolve a humiliating situation faced by a set of humble potato farmers for 23 continued years after they earnestly appealed to him of their distress on 15 August. More importantly, the Minister…
DFCC Bank PLC announced the appointment of Thimal Perera as the Bank’s new Deputy CEO, with effect from 16 August 2017. Thimal Perera has more than two decades of experience in the financial services and banking sector, both locally and internationally. In his new role at DFCC Bank, Perera will support the Bank’s stratagem of…
Sri Lanka Telecom group released its group and holding company financial performance results for the 6 months ending on 30th June 2017. The group comprises of 8 subsidiaries, including the mobile arm Mobitel (Pvt) Ltd. During the 6 months ending 30th June 2017, the group reported Rs. 37.4bn in revenue with a 2% year on…
In response to the news articles circulating on Total Pay and ICTA, the Central Bank of Sri Lanka (CBSL) wishes to clarify matters to the public and provide an accurate account of events which transpired regarding the National Payment Platform (NPP), in order to deliver a holistic understanding of the prevailing situation. The CBSL requested for more information…
Reuters – Sri Lankan shares posted their worst decline in nearly five months on Tuesday, as local investor sentiment remained muted, after a string of disappointing June-quarter corporate results. However, foreign investors bought the island nation’s risky assets, with offshore buying accounting for more than 80 percent of the session’s turnover. The Colombo stock index…
Ecological aspects such as climate change and sustainability are some factors that have managed to garner a growing sense of concern in the past number of years. Considering the impact mankind has made to our immediate environment, the concept of sustainable carbon neutral activities has come as a timely source of nullifying the side effects…
Human Smuggling, the illegal transfer of people over national boundaries, is a huge problem worldwide. A considerable portion of this illicit traffic takes place through international airports, despite the many stringent measures in place to prevent these activities. Colombo’s Bandaranaike International Airport (BIA) is no exception, with criminal elements in the region making many attempts…
We have been advised by the Central Bank of Sri Lanka that Pan Asia Banking Corporation’s Primary Dealer license has been suspended for six month under the provisions of Registered Securities Ordinance with effect from 15th August 2017. Pan Asia Bank wishes to clarify to the general public that this action restricts only the bank’s access…
The Monetary Board of the Central Bank of Sri Lanka on 14th August 2017, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to suspend business activities of a Primary Dealer of Pan Asia Banking Corporation PLC (PABC) for a period of…
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