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August 29, 2022
New business performance Value of new business (VONB) reduced by 13 per cent to US$1,536 million Strong month-on-month improvement in the second quarter with positive VONB growth in June Robust annualised new premiums (ANP) of US$2,778 million, a decline of 7 per cent VONB margin of 55.2 per cent AIA China returned to VONB growth […]
August 29, 2022
Public appeal for economic reforms at an all-time high : economist By Sanath Nanayakkare It is time for Sri Lanka to make a series of economic decisions with important consequences, and making state owned enterprises (SOEs) directly accountable to the people rather than politicians is key among them, Shanta Devarajan, a professor of the Practice […]
August 29, 2022
S-lon Lanka (Pvt) Ltd, the market leader in the thermoplastic pipes & fittings industry, recently relocated their re-distribution centre in Jaffna to an all-new location with the objective of further enhancing convenience and quality of service for their valued customers and supporting their retail partners. The new re-distribution centre further cements the commitment of S-lon […]
August 29, 2022
Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, recently announced the signing of a Memorandum of Understanding (MoU) with the University of Sri Jayewardenepura to build, and nurture local ICT talents through several training programs including certifications, internships, field trainings, and establishing the Huawei ICT Academy and Joint […]
August 29, 2022
People’s Bank’s ‘Mahajana Mehewara’ CSR drive commenced yet another project to provide electricity and water facilities to under resourced schools together with Manusath Derana on 10th of August. Under this novel concept which combines sustainability with education, a 3kv solar power inverter system, water motor and a water tank were provided to Galamuduna Junior School […]
August 29, 2022
Bloomberg News A 1985 Ford Escort RS Turbo Series 1 that belonged to Diana, Princess of Wales, sold for £730,000 ($857,712) at a Silverstone auction Aug. 27. The final price includes a buyer’s 12.5% premium. The price sets an astounding new record for Escort sales, decimating the former record of £63,000 ($73,900) earned by a […]
August 29, 2022
Need for obtaining necessary certifications highlighted The ‘Organic Food Production and Exports by SMEs in Sri Lanka’ conference was held on 23 August 2022, organized as part of the ‘Support to Small and Medium Enterprises in the Organic Agriculture Sector Programme’; the Multi-Donor Action (MDA) jointly co-financed by the European Union (EU) and the German […]