IFRS 9: MANAGEABLE IMPACT FOR INSURERS
Insurers are likely to see a moderate increase in investment income volatility following the
MOBITEL
The National Mobile Service Provider, Mobitel’s Cash Bonanza programme recently awarded Mr. P. R. Fernando of Negombo and Ms. W. Kalani Welagedara of Matale
KNORR
Starting the year on an aromatic note, the grand finale of the Biryani Challenge organized by Knorr, in partnership with Keells Super, was held recently at the
HAMEEDIA
Adidas took great pride in participating in the historical FIFA World Cup Trophy Tour 2018 at an event held recently at BMICH in its capacity as the Official Partner
CSE
Record breaking foreign investment in the Sri Lankan stock market has continued into 2018, with Rs. 4 billion in net foreign purchases during the month of January
HIGHWAY SPEED DETECTION SYSTEMS
The Expressway Operation Maintenance and Management Division announced that a new system would be set up on expressways from 14 February onwards to detect speeding vehicles and fine drivers
RECORD TOURIST ARRIVALS IN JAN
Tourist arrivals reached a record high of 246,972 in January, according to data released by the Sri Lanka Tourism Development Authority (SLTDA). This marks an increase of 12.6 percent over arrivals in the same period of 2017
SRI LANKA-CZECH REPUBLIC DEAL
Sri Lanka and the Czech Republic signed a mutual cooperation agreement on 7 February, aiming to formulate and implement a framework of economic engagement
MORE THAN 15 MILLION VOTES CAST
District Returning Officers reported that 15,760,867 votes were cast across 24 districts at 13,374 polling stations for the local government elections
ALLIANZ
Allianz, the global financial services leader, today announced that it has entered into an agreement with Janashakthi Insurance PLC (“JINS”) to
FAIRWAY
The Fairway National Literary Award competition reached a successful conclusion on the 26th of January at the Fairway Galle Literary Festival. The award
TSG
His Royal Highness, Prince Edward, The Earl of Wessex, and Her Royal Highness, The Countess of Wessex visited Third Space Global, a British owned company which employs
2018 BUDGET VS. FOREIGNERS FROM BUYING PROPERTY IN SRI LANKA
The highly anticipated 2018 budget of the Sri Lankan Government concluded recently with a number of surprises that were not
PURA LUXURY RESORT AND VILLAS
Ideal Developments Canada and Pura Resorts Canada announced the first ever international FDI into Sri Lanka’s east coast with 50
THE DEBT BURDEN
“And when a poor, destitute, penniless person, being served notice, does not pay (interest on time), they hound him… being
FITCH AFFIRMS SRI LANKA AT ‘B+’
Fitch Ratings-Hong Kong-06 February 2018: Fitch Ratings has affirmed Sri Lanka's Long-Term Foreign-Currency Issuer Default
