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New regulation to prevent the construction of new buildings near power lines

Sri Lanka introduced  new regulations  with regard to the minimum gap  that should have between  power lines and buildings to ensure the safety of consumers and the properties . The regulations were approved by the Minister of Power and Renewable Energy on the recommendation of the Public Utilities Commission of Sri Lanka, are described in…

(0)Comments | March 20, 2017 3:32 pm

SEC releases Capital Market Strategy 2020: a vision for capital market development in Sri Lanka

The Securities and Exchange Commission of Sri Lanka (SEC) releases the ‘Capital Market Strategy 2020’, a comprehensive transformative plan for Sri Lanka’s capital market, with the intention of providing strategic clarity to market participants and the general public. The significance of ensuring the capital market’s resilience has become more apparent during recent years of sustained…

(0)Comments | March 20, 2017 12:52 pm

‘How to Convince Boards to Invest in Digital’ Chamber event lines up speakers from McKinsey, JKH, Sampath and FairFirst

Partner at McKinsey and Company (London) Ganaka Herath, Deputy Chairman of John Keells Holdings Ajit Gunawardena, Senior Director of Sampath Bank Sanjiva Senanayake, and CEO of FairFirst Insurance Sanjeev Jha will discuss how corporates can get smarter on making decisions on digital investments at the upcoming ‘Future of Business’ Innovation Strategy and Learning Event’ of…

(0)Comments | March 20, 2017 12:51 pm

How to earn lucratively through ‘Online freelancing’

By now, earning through internet sources has become a popular method. A Sri Lankan youth, Janith Wickremesinghe, who earns foreign exchange, joined Ada Derana Biz 24X7 for a further discussion on online freelancing. While revealing vital details on how to practically engage in these activities, he added by now, over 20,000 individuals are engaged in…

(0)Comments | March 20, 2017 12:48 pm

BEA Partners with LOLC to Acquire Shares in Cambodia’s PRASAC Microfinance

LOLC International Private Limited (a wholly-owned subsidiary of Lanka ORIX Leasing Company Plc (“LOLC”)) and The Bank of East Asia, Limited (“BEA”) announced Friday that they have acquired a majority interest in PRASAC Microfinance Institution Limited (“PRASAC”) from Belgian Investment Company for Developing Countries SA (“BIO”), Dragon Capital Group Limited (“Dragon Capital”) and Nederlandse Financierings-Maatschappij…

(0)Comments | March 20, 2017 10:16 am

Sri Lankan products promoted in Brazil

Sri Lanka Embassy in Brazil organized a series of promotional activities from 6th-9th March in Salvador, the Capital of the State of Bahia, Brazil with the intention of expanding the commercial relations. The State of Bahia is the seventh largest regional Economy of Brazil whose GDP is estimated to be over USD 95 billion. General…

(0)Comments | March 20, 2017 9:33 am

Fairfax consolidates Sri Lanka operations under Fairfirst Insurance Limited

Fairfax Financial Holdings Limited (Fairfax) announced that it has successfully completed the amalgamation of Fairfirst Insurance Limited (Fairfirst) and Union Assurance General Limited (UAG). The amalgamated entity will operate as Fairfirst Insurance Limited with effect from 28th February 2017. The rights and obligations arising from all insurance policies issued by Union Assurance General Limited will…

(0)Comments | March 19, 2017 1:26 pm

‘Natural Disaster for Fly by Nights intermediaries’ : How Crescent Global’s policy covers were a national blessing

Crescent Global’s top rated reinsurance covers and support, are what could only be termed ‘a miraculous blessing bestowed on the country’, for maiden National Insurance Schemes rolled out by the Government recently, including a first of its kind in the world, The National Natural Disaster Insurance Scheme for all uninsured Sri Lankans. The NNDIS initial…

(0)Comments | March 18, 2017 11:24 am

Mobitel & Ministry of Telecommunication and Digital Infrastructure partners with Ericsson for the first 5G Island of Innovation in South Asia

Ericsson in collaboration with Mobitel and the Ministry of Telecommunication and Digital Infrastructure has formally signed the 5G Island of Innovation Memorandum of Understanding (MoU) in Colombo, Sri Lanka on 10th March 2017, representing a landmark strategic ICT partnership that aims to bring 5G Internet of Things (IoT) innovation and entrepreneurship to Sri Lanka for…

(0)Comments | March 17, 2017 3:15 pm

New PEUGEOT 3008 SUV wins “Car of the Year 2017”

The new PEUGEOT 3008 was named the 2017 Car of the Year (COTY) on Monday 6 March in Geneva by a judging panel comprising 58 European journalists. The judging panel acclaimed its style, interior design and performance. This prestigious trophy joins the twenty other prizes the new PEUGEOT 3008 has already won. The vehicle is…

(0)Comments | March 17, 2017 3:00 pm