Signals serious intent to enlarge footprint in healthcare sector Says synergies will enhance long-term value creation for policyholders Investment represents significant diversification of Company’s investment portfolio Heralds the next growth phase for Kings Ceylinco Life has entered into an exciting partnership with Kings Hospital (Private) Ltd, one of the newest and most modern private hospitals…
COLOMBO, Aug 29 (Reuters) – Sri Lanka’s president is set to slash expenditure when he presents an interim budget on Tuesday to see the crisis-ridden country through the rest of the year, amid discussions with the International Monetary Fund on a bailout package. The tourism-dependent nation of 22 million is facing its worst economic crisis…
The GREEN XLR EARTH is one of the world’s first and most earth-friendly tires. 29th August 2022. As a socially responsible producer of high-grade specialty tires that strives to make a positive impact on our plant, GRI has taken a major step forward in its green leadership by launching the GREEN XLR EARTH Series of…
JACKSON HOLE, Wyo., Aug 29 (Reuters) – The message from the world’s top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a recession with job losses and shockwaves through emerging markets. That price is still worth paying, however. Central banks spent…
By Prof. Samitha Hettige The Hatton National Bank opened its Sri Jayawardenepura (Kotte) branch in the early 1990s. Media advertisements announcing the event included a poem from the historic “Selalihini Sandeshaya” in which Sri Jayawardenepura was referred to as the city of rich Buddhists (Ref. Media). The city became a rich economic hub along the…
Minister of Foreign Affairs Ali Sabry awarded letters of appointment to a group of Sri Lankan trained nurses who are scheduled to begin their employment at hospitals in the United Kingdom at a ceremony held on 25 August, 2022 at the Lakshman Kadirgamar Institute. This is the first batch of trained nurses under the programme…
Enhancing bilateral trade and promoting Sri Lanka as a dynamic base for UK-based businesses will be among the main areas the Ceylon Chamber’s Council for Business with Britain (CBB) will focus on over the next year, stated CBB President Tania Polonowita Wettimuny at the Council’s AGM recently. Taking on the mantle of leadership for the…
Statement by George Laryea-Adjei, UNICEF Regional Director for South Asia, after visiting Sri Lanka “As the economic crisis continues to rattle Sri Lanka, it is the poorest, most vulnerable girls and boys who are paying the steepest price. “Sri Lanka, a country normally known for its rapid economic growth and booming tourism, is experiencing its…
With the aim of popularizing the LankaRemit National Remittance Mobile Application among migrant workers, the Central Bank of Sri Lanka (CBSL) and the Sri Lanka Bureau of Foreign Employment (SLBFE) held a ceremony on 26 August 2022 at SLBFE to demonstrate its features. LankaRemit provides Sri Lankan expatriates with access to a fast, secure and…
WEConnect International Emphasizes Urgent Need to Build Business Resilience WEConnect International hosted an all-day event with investment readiness and business resilience training, a Supplier Diversity & Inclusion Roundtable, and a corporate matchmaking session for 100+ women business owners in Sri Lanka. The special event was part of the “Women’s Empowerment Through Economic Inclusion” project funded…
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