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Largest incentive group from China

Ceylon Roots (Private) Limited and the Sunflower Travel Company of the People’s Republic of China, created history by hosting one of the largest incentive groups from China, for a week in Sri Lanka. The group comprised the best performing sales force of Jiong Aplhay Bio Company of China which is renowned to be the largest…

(0)Comments | February 5, 2018 4:05 pm

New export strategy to coincide with 70th Independence

Coinciding with Sri Lanka’s 70th Independence Anniversary, the government will be launching a new national export strategy this month in collaboration with the government of Singapore, following the strengthening of bilateral relations last month. “On the exports front we are launching a new national export strategy next month with the focus on competitiveness and product…

(0)Comments | February 5, 2018 9:26 am

Female Labour Force on the rise

By the third quarter of 2017, the estimated economically active population in the country was 8.52 million, the Quarterly Report of Sri Lanka Labour Force Survey conducted by the Department of Census and Statistics released recently stated. Out of this 63.1 percent are males and 36.9 percent are females. The economically active population is defined…

(0)Comments | February 5, 2018 9:24 am

When developing the economy, it is essential to focus on local industries – President

President Maithripala Sirisena says it is vital to work in accordance with a policy based on the local industries in the process of strengthening the national economy. The President pointed out that proper management of the resources in a country as well as the investments made from the use of those resources is fundamental to…

(0)Comments | February 2, 2018 11:47 pm

Hatton Plantations Ltd commences trading at CSE

The shares of Hatton Plantations Ltd (CODE: HPL) commenced trading on the Colombo Stock Exchange (CSE) today. The shares, which were listed by way of an introduction on the Diri Savi Board of the CSE have been classified under the ‘Plantations’ sector. The occasion was marked through a Bell Ringing ceremony hosted by the CSE….

(0)Comments | February 2, 2018 5:46 pm

Allianz to acquire Janashakthi General Insurance Limited in Sri Lanka

Allianz, the global financial services leader, today announced that it has entered into an agreement with Janashakthi Insurance PLC (“JINS”) to acquire 100% of its subsidiary Janashakthi General Insurance Limited (“JGIL”) for LKR 16.4 billion (EUR 85.9 million). The transaction is subject to regulatory approval and is expected to complete in the first quarter of…

(0)Comments | February 2, 2018 11:50 am

Janashakthi Insurance enters into agreement with German-EU company

Janashakthi Insurance PLC a sale and purchase agreement with Allianze SE, a company incorporated in Germany and the European Union, bearing registration number HRB 164232 and with its registered office at Königinstr. 28, 80802, Munich, Germany for the sale of the entirety of the Janashakthi Insurance PLC’s shares in its wholly owned subsidiary Janashakthi General…

(0)Comments | February 2, 2018 11:30 am

November exports up 16%

The external sector performance in November 2017 was supported by continued inflows to the financial account of the Balance of Payments (BOP) mainly with higher foreign inflows to the government securities market, and marginally improved earnings from tourism. Although a double-digit growth in exports has been recorded, partly driven by the low base recorded in…

(0)Comments | February 2, 2018 10:59 am

Qatari Emir ratifies agreement with Sri Lanka

Qatari Emir Sheikh Tamim bin Hamad Al Thani has ratified a number of international cooperation agreements in various fields, including a deal between Qatar and Sri Lanka. The Xinhua news agency quoted the Qatar News Agency (QNA) as saying the Emir ratified a deal on visa exemption and collaboration in health and medical sciences between…

(0)Comments | February 2, 2018 10:57 am

Sri Lanka shares climb to highest close in three weeks

Reuters – Sri Lankan shares rose for a second straight session on Thursday to their highest close in more than three weeks as foreign buying boosted sentiment, brokers said. The Colombo stock index ended up 0.34 percent at 6,498.45, its highest close since Jan. 10. “The positive sentiment is continuing. Both local retailers and foreigners…

(0)Comments | February 2, 2018 12:07 am