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Interview: Union Assurance will continue to grow through distribution channel expansions
Union Assurance was awarded Life Insurance Company of the Year at Business Leader Awards ceremony held in India recently affirming its leadership in the country’s fast-growing insurance industry. Speaking to Lanka Business Online exclusively regarding the company’s recent win Senath Jayatilake, chief distribution officer says UA’s vision is to transform the life insurance industry in […]
Are we getting the Colombo Port City Financial Centre right?
By H. Dabarera and KD Vimanga. Background The Colombo Port City commission bill is to be debated in parliament this week. Over the last few weeks, Sri Lankans have contemplated if the proposed Colombo Port City is the messiah that will rescue the country’s economy or whether it is another Trojan Horse that will throw […]
Panasian Power PLC records 63-pct increase in net profit for FY20/21
Panasian Power PLC (CSE:PAP.N) one of Sri Lanka’s leading green energy solutions providers, posted a consolidated net profit of Rs 248 million for the financial year ending March 31st 2021, signifying a growth of 63% compared to the financial year in 2019/20. The Group saw a revenue increase of 62% in the final quarter of […]
Notice on Covid 19 to passengers travelling on UL to Australia
As per the latest health guidelines issued by the Australian High Commission in Colombo, passengers travelling on SriLankan Airlines to Australia require a negative Rapid Antigen Test (RAT) prior to check-in for flights, commencing on 15th May 2021. The testing requirements would include: A negative COVID-19 Polymerase Chain Reaction (PCR) test result is required for […]
HNB records Profit After Tax of Rs 4.7Bn during the first quarter of 2021
HNB recorded a Profit After Tax (PAT) of Rs 4.7 Bn during the first quarter of 2021 while Profit Before income Tax (PBT) amounted to Rs 5.5 Bn. At Group level PBT and PAT were at Rs 5.9 Bn and Rs 4.8 Bn respectively. The substantial monetary loosening adopted to revive the pandemic hit economy […]
Opinion: Digitalization is the way forward for Sri Lanka
By JUNKO NARIMATSU, Digital Development Specialist, World Bank; ANEESA MENDIS , Digital Development Consultant, World Bank , JAGATH SENEVIRATNA , Director – Monitoring and Evaluation for Information and Communication Technology Agency of Sri Lanka (ICTA) In early 2020, when the COVID-19 lockdown began, Sri Lanka’s food supply chain was significantly disrupted leaving farmers and consumers […]
Pro Tip: How to Address Corona Virus Employment Gap on LinkedIn
By Chathurika Jayawardana, Founder, Career Kit First and foremost, be honest about it. Employers are aware that job loss during this pandemic is due to downsizing/retrenchment resulting from business loss. If you are productive during the time-off, it’s understood that there has not been a decline of career interest nor has there been a career […]
United States funds Training Center & Case File System for Attorney General’s Department
With support from the United States, the Attorney General’s Department inaugurated a state-of-the-art training center and launched an electronic system to track cases and legal files. These tools will strengthen the ability of justice sector professionals to uphold the rule of law in Sri Lanka. “Around the world, U.S. assistance has helped strengthen access to […]
EDB supports exporters to continue operations during travel restrictions in Sri Lanka
The Sri Lanka Export Development Board (EDB) has made arrangements to facilitate export-oriented industries based on the circulars issued by the Government Health Authorities to continue operations of their activities during the lockdown of specific areas in the country and inter-provincial travel restrictions subject to stringent health regulations. Although travelling between provinces is restricted from […]
JICA Emergency Assistance to Strengthen Covid-19 Response in Sri Lanka
Major General Dr. Sanjeewa Munasinghe, Secretary to the Ministry of Health and Yamada Tetsuya, Chief Representative of Japan International Cooperation Agency (JICA) Sri Lanka Office have signed a Bilateral agreement between the two parties representing the Ministry of Health, Sri Lanka and JICA for JICA’s emergency technical cooperation grant named the Project for Strengthening COVID-19 […]
Sri Lanka, World Bank sign agreement for COVID-19 Vaccine Deployment
The Government of Sri Lanka and the World Bank signed today a $80.5 million additional financing to help Sri Lanka access and distribute COVID-19 vaccines and to strengthen the country’s vaccination system and pandemic response. Sajith Attygalle, Secretary to the Ministry of Finance signed on behalf of the Government and Faris Hadad-Zervos, World Bank Country […]
Hambantota Port sees highest monthly RORO volume in April
The Hambantota International Port has seen a significant increase in their RORO figures during the first 4 months of 2021, compared to the corresponding period last year. The first 4 months of this year saw 193,690 vehicles come into the port for transshipment as against 118,872 vehicles during the same period last year. 62,736 vehicles […]