The 12th International Micro-insurance Conference) kicked off today (15 November) in Colombo on the theme of ‘Driving growth and sustainability – A business case for micro-insurance’. Over 400 representatives from 50 countries are expected to attend this conference being held from 15 to 17 November. During a media briefing prior to the inauguration of this…
Janashakthi Insurance PLC (Janashakthi) reported a consolidated Profit Before Tax (PBT) of Rs.894 million for the nine months ended 30th September 2016, a remarkable growth of 131% over the same period in 2015. Consolidated Gross Written Premiums (GWP), which stood at Rs.9.8 billion at the end of the period in review, grew by 34% Year-on-Year…
Re-launched to an overwhelming response earlier this year, the People’s Bank publication brought out by its Research Department – ECONOMIC REVIEW – has issued a high value edition. A community initiative by People’s Bank, the ECONOMIC REVIEW imparts knowledge and promotes interest in the economy and shares information on economic development through multiple opinions, research-based…
A 12 member high powered business/investor delegation from Dairy and Poultry Sectors from Netherlands will be visiting Sri Lanka in end November 2016. The Netherlands Export Combination (NEC) in association with the Embassy of the Kingdom of Netherlands in Sri Lanka and the Ceylon Chamber of Commerce will be organising a Seminar on ‘Innovative Technological…
Sri Lanka Export Development Board (EDB) and the Janatha Estates Development Board (JEDB) has brought together synergies and resources of both organizations for attracting local investors to set up Commercial Agriculture Projects in underutilized and unutilized lands available in JEDB Estates. The private sector, particularly the export community hails this initiative in the backdrop of…
Director General of the United Nations Industrial Development Organization Li Yong UN’s global industry body first entered Sri Lanka in 1969 for a chemical project-and since then, has implemented 240 projects in the country, with six new projects now on the cards. “Sri Lanka has embarked on an ambitious development drive under the reform vision…
Emirates Post Group offers the highest levels of confidentiality and security Dubai: Passports and visas issued by the Sri Lankan consulate will now be delivered by Emirates Post Group. Sri Lankan Consul-General Charitha Yattogoda and acting chief CEO of EPG, Abdullah Al Ashram, signed the agreement to outsource the consulate’s courier requirements at the EPG…
A delegation from China led by Sui Zhong Cheng, Vice Governor of Jilin Province consisting of 33 officials and entrepreneurs from that province visited the BOI with the purpose of exploring avenues for trade and investment. The delegation was welcomed by Upul Jayasuriya BOI Chairman and Duminda Ariyasinghe Director General Indira Malwatte, Chairperson of the…
Tax and non-tax state revenue flows into the thrift pot of the budget while effective costs are gained outside the pot, said Sri Lanka Central Bank’s former Deputy Governor W.A. Wijewardene, while adding that a huge amount of funds was leaking from this pot. The Finance Minister was either unaware of this leak or was…
~ PGC on a steady path to become top 100 company in Sri Lanka by 2020 One of Sri Lanka’s largest sanitary-ware and ceramic importers – TPS International (Pvt) Ltd recently opened undoubtedly the largest warehouse complex related to the construction industry at Horana, with much pomp and pageantry; increasing the total warehousing capacity to…
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