Japanese Ambassador to Sri Lanka, H.E. Kenichi Suganuma visited the Hirdaramani Knit Eheliyagoda factory recently in recognition of the factory winning the coveted Japan Sri Lanka Technical and Cultural Association (JASTECA) 5S Gold Award earlier this year. . In addition to the prestigious Gold award awarded to the Eheliyagoda factory, 4 of Hirdaramani’s factories walked…
~ ‘Lanka’ reaps benefits of having access to Lloyds of London via Crescent Global South Asia ‘Crescent Global South Asia has transferred risk liability of Ceylon Petroleum Corporation (CPC), to A – Rated Lloyd’s Syndicates and to A rated underwriters specializing in energy insurance,’ says Indrajith Fernando, Director of Crescent Global South Asia, which brokered…
Gulf Air, the national carrier of the Kingdom of Bahrain, will add Sri Lankan capital city, Colombo, to its network of destinations with the upcoming launch of 5 weekly flights to/from Bandaranaike International Airport from 19th January, 2017. This latest addition to Gulf Air’s network is in line with the airline’s business strategy which sees…
Sri Lanka’s life insurance market leader Ceylinco Life has reported total income of Rs 17.165 billion for the nine months ending 30th September 2016, reflecting growth of 15.3 per cent over the corresponding period of last year. Premium income for the nine months improved by 11 per cent to Rs 11 billion, while investment and…
National School of Business Management (NSBM) Green University Town has approved the six year Strategic Plan for 2016 – 2021 developed with MTI Consulting. The Strategic Plan was developed based on MTI’s acclaimed 8S® Model which uses a ground zero approach, and was approved by the Ministry of Skills Development and Vocational Training, Hon. Mahinda…
The Commercial Bank of Ceylon was recently honoured for its exemplary compliance with the requirements of the Employees Trust Fund (ETF). President Maithripala Sirisena presented the Bank with the Gold award in the Large category at the 35th anniversary celebrations of the ETF, in recognition of its unblemished record of continuous payments to the fund…
A project by the International Union for Conservation of Nature (IUCN) to monitor the water quality in the Kelani River Basin as a prelude to a larger initiative for the Basin’s management and conservation, has received funding support from Brandix, Sri Lanka’s top-ranked exporter. Brandix will finance the project and collaborate with the IUCN to…
Increased integration into the global economy of the economies that comprise the Association of Southeast Asian Nations (ASEAN) has made the region a more accessible market for trading goods than either the European Union or United States. This is one of the findings of the Global Enabling Trade Report 2016, published today by the World…
As the second largest city in Sri Lanka, Kandy is geographically located as a nodal point of major road networks in Sri Lanka. However, at present, the city is afflicted with increasing traffic congestion caused by unsystematic road networks in the city. Hence there is a great need for a comprehensive study to develop a…
On 22nd November 2016, consequent to regulatory approval, Asian Alliance General Insurance (AAGI) announced that it has changed the company name to Fairfirst Insurance Limited. This name change follows the recent 100% share acquisition of Asian Alliance General by Union Assurance General (UAG), which is a part of the Fairfax Group in Sri Lanka. Asian…
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