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Ceylinco Life’s 1Q net profit up 58% to Rs 673 million

Ceylinco Life has accelerated into FY 2017 posting robust income growth and exceptional profit growth for the three months ending 31st March 2017.   Sri Lanka’s life insurance leader reports that profit before tax improved by a noteworthy 51 per cent over Q1 2016 to Rs 822.73 million. Profit after tax for the three months,…

(0)Comments | May 30, 2017 2:51 pm

Dialog Invites Customers to Contribute Towards Flood Relief

In partnership with Ministry of Defence and the Ministry of Disaster Management. Dialog Axiata extending its successful flood relief program in 2016, where Dialog customers donated Rs. 15 million and Dialog added a further Rs. 50 million towards helping those affected by floods and landslides, invites yet again it’s valued subscribers to contribute towards helping…

(0)Comments | May 30, 2017 12:15 pm

Sri Lankan shares fall to two-week closing low; floods weigh

Reuters – Sri Lankan shares fell on Monday in dull trade to close at their lowest in two weeks, as investors booked profits in heavyweights such as John Keells Holdings Plc and Commercial Bank Plc while floods and landslides that hit the island nation weighed on sentiment. Sri Lankan authorities on Monday warned of more…

(0)Comments | May 30, 2017 10:43 am

Relief for bank loans obtained by flood victims

Government has paid its attention towards granting a relief for bank loans obtained by the people in the flood affected areas. A high level discussion in this regard was held recently at Temple Trees and it has been decided to allocate Rs. 2 billion to provide relief under the first phase. A circular in this…

(0)Comments | May 30, 2017 10:06 am

Sri Lankan rupee weaker on importer dlr demand in dull trade

Reuters – May 29 The Sri Lankan rupee edged down on Monday in dull trade as dollar demand from importers outpaced exporter selling and inward remittance of the U.S. currency, traders said. Rupee forwards were active, with spot-next forwards trading at 152.90/95 per dollar at 0631 GMT, compared with Friday’s close of 152.85/95. One-week forwards…

(0)Comments | May 29, 2017 4:14 pm

Large Chinese Delegation to take part in Construction Expo and China Commodities Fair

A 50-member high-profile delegation, led by Business Department of Liaoning Province and Shenyang Zhongqiao International Exhibition Co.,Ltd, will arrive in Colombo on the 1st of June to attend in the Construction Expo & Chinese Commodity Fair 2017 scheduled in the BMICH. The objective of the visit is to actively promote economic and trade cooperation between…

(0)Comments | May 29, 2017 2:12 pm

Sri Lanka-Indonesia relations; Reaching new heights

The Embassy of the Republic of Indonesia in collaboration with the University of Kelaniya held a seminar titled ‘Sri Lanka-Indonesia Relations; Reaching new heights’ in commemoration of the 65th anniversary of Sri Lanka-Indonesia Diplomatic Relations at the Faculty of Social Sciences at the University of Kelaniya recently. This event was attended by many diplomats, dignitaries,…

(0)Comments | May 29, 2017 1:33 pm

Indian CEO Forum Celebrates Four Years

The Indian CEO Forum  Sri Lanka (ICF) recently held their AGM where the Honorable Dr Sarath Amunugama Minister for Special  Assignments was the Chief Guest and His Excellency Tajinder Sandhu the High Commissioner of India in Sri Lanka was the Guest of Honour.   Dr Amunugama highlighted the close relations between India and Sri lanka and appreciated the contribution of the private and public sector Indian…

(0)Comments | May 29, 2017 10:53 am

SriLankan Airlines to establish its presence in Australia

Melbourne joins the Airline’s global route network from October 2017   SriLankan Airlines, the National Carrier of Sri Lanka and a member of the prestigious oneworld alliance, will be establishing its presence in Australia with daily non-stop services to Melbourne commencing October 29th this year.   Australia is home to one of the largest Sri…

(0)Comments | May 29, 2017 10:30 am

Public Management Assistant examination postponed

The open competitive examination for the recruitment to the post of Public Management Assistant, Grade III, which was to be held tomorrow (28th May) has been postponed by the Department of Examinations due to the prevailing bad weather condition. The admission cards issued for tomorrow’s examination will be cancelled and new admission cards will be…

(0)Comments | May 27, 2017 6:56 pm

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