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Sri Lankan non-life insurers’ capital to normalise after improving on lower claims
The regulatory risk-based capital (RBC) ratios of non-life insurers in Sri Lanka will normalise in the medium term with the resumption of dividend pay-outs to shareholders and a likely moderation in earnings, Fitch Ratings says. RBC ratios of non-life insurers improved considerably in 2020 due to the low motor and medical insurance claims following pandemic-led […]
Sri Lanka Investment Forum concludes with over 4500 participants
The 2021 Invest Sri Lanka Forum, organized by the Board of Investment, The Ceylon Chamber of Commerce and the Colombo Stock Exchange, which commenced on Monday, 7th June concluded successfully on Wednesday, 9th June. Asia’s first ever virtual investment forum was held with foreign participation of 2,200 from 85 countries and 2,500 local participants. The […]
Opinion: Moving business and human rights agenda forward in SL in crisis times
By Myanthi Peiris, Business and Human Rights Specialist, UNDP Sri Lanka The COVID-19 pandemic brought about unprecedented social and economic challenges, and behind staggering data of contracting economies, people’s lives and livelihoods are on the line. According to the World Bank, in Sri Lanka over 500,000 people are expected to have fallen into poverty as […]
SL is a strategically located strong economy with access to emerging and established markets : BOI Chief
Sri Lanka is a skills powerhouse, with the best living environment in South Asia, a senior official said. Additionally, Sri Lanka is the place to work, live and enjoy life, Sanjaya Mohottala, chairman of the Board of Investment tolad a forum Wednesday. “We have an extremely educated, trainable and capable workforce,” “Digital literacy is close […]
‘s request for AstraZeneca vaccines
President Gotabaya Rajapaksa’s request made to the Prime Minister of Japan, Yoshihide Suga, seeking to obtain 600,000 doses of AstraZeneca vaccine has been met with positive responses. This was disclosed during a meeting held between the President and the Japanese Ambassador to Sri Lanka Sugiyama Akira at the Presidential Secretariat this morning (09). The Japanese […]
SLT-MOBITEL unveils ‘Entrepreneurship Studio’ to foster strong local tech Start-up ecosystem
-The programme offers attractive benefits including investment up to LKR One Million: Nurturing innovation and entrepreneurship in tech start-ups, SLT-MOBITEL, the National ICT, Telecommunications and Mobile Services Provider, unveiled its new groundbreaking initiative, the ‘Entrepreneurship Studio’ recently. The programme is designed to provide an attractive opportunity for early-stage tech entrepreneurs to gain access to funding, […]
Auckland tops EIU’s liveability rankings owing to its ability to contain Covid-19 faster
The overall global average liveability score has fallen by seven points, as compared with the average pre-pandemic score, a report by The Economist Intelligence Unit showed. According to their Global Liveability Index 2021, the extent to which cities were sheltered by strong border closures, their ability to handle the health crisis and the pace at […]
Determined enforcement & reliable information – SL’s need of the hour in IP protection call
By Sudath Perera, Managing Partner, Sudath Perera Associates Pursuant to the World Anti-Counterfeiting Day, which fell on 8th June 2021, we are reminded of the severe impact and threat of counterfeit and pirated products on our lives and the economy. The World Anti-Counterfeiting Day was established by the Global Anti-Counterfeiting Group (GACG) to address the […]
Sri Lanka vehicle registration decline in Apr 2021
Total vehicle registrations for the month of April declined to 2,418 units from 3,556 units the previous month – the comparative month 12 months ago was zero due to the first lockdown, a new report shows. Data compiled by JB Securities equities research shows that April has many holidays and there was a semi lockdown in place […]
Dialog powers Sayuru to safeguard fishermen with weather forecasts & emergency alerts
With a keen focus on Empowering & Enriching Sri Lankan Lives, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider launched “Sayuru”, a free, trilingual service that offers day-boat fishermen daily weather forecasts and emergency alerts, focused on keeping them safe while at sea. This innovative and future-fit communication solution is a collaboration with the Department […]