PBT stands at Rs. 2.1 Billion Ranked third largest in the Life Insurance market 265,617 policies issued during the year 2020 One in every three policies taken up in 2020 was a Softlogic Life policy, insures 1.5 million Sri Lankan lives Softlogic Life announced that despite all the difficulties associated with a thoroughly disrupted COVID…
Following Statement issued by MAS Holdings on demise of an employee at Shadeline, Mahiyanganaya. It is with a sense of deep sadness that the management of MAS acknowledges the demise of one of our team members who recently tested positive for the COVID-19 virus. Employed at Shadeline in Mahiyanganaya, she tested positive for COVID-19 on the 5th of…
The Heritage Sri Lanka mobile and web App was presented to Hon Minister Vidura Wickremanayake at the State Ministry of National Heritage, Performing Arts and Rural Arts Promotion on 15th February 2021 to provide an easy access to the accurate information on heritage sites in Sri Lanka. The Information and Communication Technology Agency of Sri Lanka…
Fitch Ratings-Colombo-17 February 2021: Fitch Ratings views most rated Sri Lankan corporates as less vulnerable than local financial institutions to the sovereign’s financial distress. This is because most rated corporates have a combination of strong business profiles, low leverage, sound liquidity, and limited exposure to government. On the other hand, local financial institutions’ ratings are…
Bloomberg – Chamath Palihapitiya has already drafted the next chapter in his charmed-life story. The immigrant kid who bootstrapped his way into riches at Facebook Inc., made billions as a risk-hungry investor and became the pied piper of the current blank-check craze now envisions himself as nothing less than the Warren Buffett of the Reddit…
UNICEF is today launching the Humanitarian Airfreight Initiative. Under this landmark initiative, over 10 leading airlines are signing agreements with UNICEF to support the prioritization of delivery of COVID-19 vaccines, essential medicines, medical devices and other critical supplies to respond to the pandemic. The Initiative will also act as a global logistics preparedness mechanism for other humanitarian…
Kantar recently announced that it would start providing Media Monitoring service in Sri Lanka. The announcement comes as Kantar has agreed to acquire Nielsen’s local media monitoring business. Historically, Kantar has provided TV audience measurement in Sri Lanka. The addition of media spend monitoring positions Kantar as a key partner to Sri Lanka’s media industry….
UNICEF announced the signing of an agreement with Pfizer on behalf of the COVAX Facility for the supply of the Pfizer-BioNTech COVID-19 Vaccine through 2021. Deliveries of the vaccine are anticipated to start as early as the first quarter of 2021, once the countries that were allocated Pfizer-BioNTech vaccine doses in the COVAX allocation confirm that they are in full compliance…
Under UNICEF’s Humanitarian Airfreight Initiative, Emirates will prioritise transport and delivery of COVID-19 vaccines and related supplies Initiative in support of COVAX facility for equitable distribution of COVID-19 vaccines Emirates SkyCargo has signed an agreement with UNICEF to prioritise the transport of COVID-19 vaccines, essential medicines, medical devices and other critical supplies to help fight…
Sri Lanka has a long established history of using fibre cement roofing sheets, namely chrysotile roofing sheets which are otherwise referred to as white asbestos. Being the choice of construction giants across the local industry, chrysotile has maintained a presence of over 60 years in Sri Lanka. The reason for the success of this material…
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