The World Bank states that Sri Lanka has been rapidly achieving its development goals which were set at the time the loans were granted. World Bank Vice President in charge of the South Asian Region Annette Dixon said that the financial disciplines practiced by the incumbent government are the reasons for such achievements. Ms. Dixon…
The Ceylon Chamber of Commerce will hold a seminar titled “Right to Information and its Implications for Business,” and will line up three expert speakers to deliberate on the new law that was introduced, recently. Accordingly, Ms. Sabrina Esufally, who is a Analyst and Head of Law of Verité Research, Mr. Asoka Obeyesekere, Executive Director…
Both headline and core inflation, measured on a year-on-year basis, edged down in July 2016. The normalisation observed in domestic supply conditions as well as the suspension of the revisions made to certain taxes moderated consumer price inflation. However, the underlying upward trend in inflation, as reflected in annual average price changes, appears to have…
Reuters – Aug 30 Sri Lankan shares ended steady on Tuesday as investors awaited directions from a key central bank policy meeting later in the day. The central bank is expected to keep its key interest rates steady at the meeting after raising them by 50 basis points last month, a Reuters poll showed, amid…
A One Rupee coin with the engraving of Sri Lanka’s first Executive President J.R. Jayewardene’s portrait issued by the Central Bank of Sri Lanka has been put up for auction on the ebay website. The significance is this One Rupee coin receiving a bid for US dollars 399.00. This coin had been issued on 04…
Tourists from the world over who look for luxury facilities choose Sri Lanka as their destination and continue coming to the island, said General Manager of the Sigiriya Water Garden Hotel, Asela Wewita during an interview with Ada Derana Biz 24X7. Sigiriya Water Garden Hotel could be introduced as a hotel targeting the world’s highest…
Sri Lanka Telecom (SLT), the flagship broadband service provider in the country, emphasized that the company is offering the best value for money broadband offers to internet users in Sri Lanka. The company made this claim after considering the unmatched and highest monthly data volumes it offers to broadband internet users and successfully maintaining the…
Fitch Ratings has affirmed Sri Lanka Insurance Corporation Limited’s (SLIC) Insurer Financial Strength (IFS) rating at ‘B+’ with a Negative Outlook. The agency has also affirmed the National IFS rating and National Long-Term Rating at ‘AA(lka)’ with a Stable Outlook. KEY RATING DRIVERS SLIC’s IFS rating is capped by Sri Lanka’s Long-Term Local-Currency Issuer Default…
The number one Group & Pure life insurance broker in Sri Lanka, Strategic Insurance Brokers (SIB), would be taking the 7th Congress of the National Forum for Life Insurance Advisors to a new level this year, extending the benefits of an “International Broking Partnership” for the Congress. The Congress would receive a sponsorship package that…
The concept of Bubble Tea which originated in Taiwan has found its way across the world and has been brought to life in Colombo with Mabroc Teas recently unveiling their flagship Bubble Tea store at the basement food court of Colombo’s premier shopping destination, Liberty Plaza. This is the first of many Bubble Tea stores…
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