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AIA Group Limited (andldquo;AIAandrdquo; or the andldquo;Groupandrdquo;) has agreed to acquire a 92.3% stake in Sri Lankan insurer, Aviva NDB Insurance, through Aviva NDB Holdings Lanka (Pvt.) Limited from British insurer Aviva and Sri Lankaandrsquo;s National Development Bank (andldquo;NDBandrdquo;).
- Managing Wealth (Category: Business)
- Premium Pattern (Category: Business)
- Topline Growth (Category: Business)
- Insurance Numbers (Category: Business)
Richardson Projects is a subsidiary of the Richardson Group, which is a pioneer in Sri Lanka’s electrical products and infrastructure industry recently launched the successor to Moeller brand Eaton. Moeller and Eaton, two of the most established and respected names in the electrical sector came together as Eaton acquired Moeller in the year 2008. In ...
- Richardson CFL bulbs take on a new shine (Category: Business)
- Schneider Electric expands retail distribution (Category: Business)
- Phoenix to manufacture world renowned 21st century technology ‘FlowGuard’ (Category: Business)
- Browns Group FY12 revenue tops Rs. 14 b (Category: Business)
The location of Sri Lanka has a strategic significance and this has been proven by the historical trading activities between Sri Lanka and ancient China, Egypt, and the Roman Empire. There is ample evidence to show that Sri Lanka was a main trading hub in Asia. The reasons for occupation of Sri Lanka by the ...
- Accelerating inclusive growth: The role of the external sector (Category: Business)
- Sri Lanka to revive FTA talks with India, China and Thailand (Category: Breaking News)
- Is Sri Lanka geared for globalisation? (Category: Business)
- EDB turns 33 (Category: Business)
The academics are marching. The students are marching. The Muslims are marching. Every day hundreds images of throngs of people shouting slogans and demonstrating blare across television screens, newspapers and of course, the internet. SMS news alerts about road closures and barricades abound as popular discontent rises to the surface through trade union agitation and ...
- No interference in Sri Lanka’s Judiciary, President asserts (Category: Business)
- Divi Neguma Bill to be back anew (Category: Business)
- Northwestern Provincial Council approves the Divi Neguma Bill (Category: Breaking News)
- SC order and govt.’s trial balloon (Category: Breaking News)
Citizens Development Business Finance PLC (CDB) recently signed up for the Sri Lanka Interbank Payment System (SLIPS) through Commercial Bank, the first-ever to be so in the non-banking financial institutions category.
Reuters: Riskier assets fell broadly on Monday, dragging down Asian shares, copper and oil but the dollar strengthened as investors shifted their focus to weak economic fundamentals while monitoring progress in the euro zone debt bailout scheme. The MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7%, with a 1.5% drop in its materials ...
- Rupee weaker on importer dollar demand (Category: Business)
- Asian shares fall, dollar spikes vs yen on intervention (Category: Business)
- Stocks slip on profit-taking ahead of SEC ruling (Category: Business)
- Asian shares fall on fears over Europe fund tightness (Category: Business)
Medawachchiya is a bustling town located in theandnbsp;Anuradhapura district,andnbsp;North Central Provinceandnbsp;ofandnbsp;Sri Lanka. It is an important commercial centre of the northern region of Sri Lanka. Commencing from Medawachchiya, four main roads fan out in four directions. They are Jaffna, Kandy, Mannar and Trincomalee.
By Amantha Perera JEJU, South Korea (IPS): As ravenous consumers of natural resources, companies are beginning to recognise that they owe a monetary debt to the planet, and are sharpening their pencils to calculate it. In 2004, when the International Union for Conservation of Nature (IUCN) held its four-yearly World Conservation Congress in Bangkok, Thailand, ...
- IUCN Puts The Accent On Business (Category: Breaking News)
- Facebook IPO: Mark Zuckerberg’s letter to prospective investors outlines core values (Category: Business)
- Nature Trails – setting the trend in eco-tourism (Category: Business)
- Power: Form, flexibility and force (Category: Business)
Reuters: Manufacturing in China contracted for the 11th month in a row in September, according to a private sector survey of factory managers that indicated the world’s second largest economy remains on track for a seventh quarter of slowing growth. The HSBC Flash China manufacturing purchasing managers’ index (PMI) showed activity stabilized in September after ...
- China factory sector shrinks most in nine months (Category: Business)
- China factory surveys signal economic growth stays soft in Q3 (Category: Business)
- Asia factory output weak; India defies with rise (Category: Business)
- Asian factory output curbed by troubled Europe (Category: Business)
SINGAPORE: Business sentiment among Asia’s top companies fell for the second straight quarter, dragged down by export-orientated economies such as China and Japan, while domestic spending helped boost Southeast Asia’s outlook, a Thomson Reuters/INSEAD survey showed. Concerns over global demand are hurting Asia’s export engines, with autos, technology and shipping sectors am...
- Europe, China worries hurt business sentiment: survey (Category: Business)
- Asian markets dampened by Bernanke, factory data in focus (Category: Business)
- Asia’s growth picking up, too early to celebrate (Category: Business)
- ‘Pessimism’ over Asia-Pacific growth: survey (Category: Business)
Sri Lanka is ready and building the platform for the future US$ 100 billion economy, said Central Bank Governor Ajith Nivard Cabraal.
Reuters: The Federal Reserve launched another aggressive stimulus program on Thursday, saying it would pump $40 billion into the US economy each month until it saw a sustained upturn in the weak jobs market. The central bank’s decision to tie its controversial bond buying directly to economic conditions was an unprecedented step that marked a ...
- Bernanke quiet on next Fed move, stresses job crisis (Category: Business)
- Asian shares inch down, mark time before Jackson Hole (Category: Business)
- All eyes on Bernanke as recession looms (Category: Business)
- Adopt economic policies to propel growth: Bankers (Category: Business)
The place isn’t a paradise for minorities but the economy is recovering By Sam Baker Asuasentinel.com: The Government of Mahinda Rajapaksa in Sri Lanka has probably botched its dealings with the United States, the European Union and the United Nations. Still, the disenchantment with Colombo may be overblown three years after the end of the ...
- Army inquiry a delaying tactic: Human Rights Watch (Category: Business)
- President calls on diplomats to counter threats from pro-LTTE Diaspora (Category: Business)
- NGOs Call on U.S. to Establish International Accountability Mechanism on Sri Lanka at UN Human R... (Category: Breaking News)
- Rejected asylum seekers abused in Sri Lanka, says rights group (Category: Breaking News)
Continuing its growth momentum, Orient Finance PLC adds yet another milestone, with the opening of its doors to the acceptance of fixed deposits, subsequent to being licensed by the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act No 42 of 2011 as a Finance Company.
- Red Ink (Category: Business)
- Finance Losses (Category: Business)
- Finance Recovery (Category: Business)
- Serial Winner (Category: Business)
The global escalation of commodity prices in the latter part of last decade impacted Sri Lanka’s rice market, with retail prices showing sharp increases for the consumer. The regulatory forces with a ceiling on consumer prices and guaranteed price for paddy did alleviate this problem to some extent. Today it has taken a different turn ...
- Village as a developmental unit (Category: Business)
- Paddy farmers’ problems (Category: Business)
- Budget 2012’s impact on the export sector (Category: Business)
- Sri Lanka’s stake in the intl. agriculture debate (Category: Business)
Standing tall at 6 feet 10 inches, and surging towards stardom with Seylan Bank is Sri Lankan netball skipper Tharjini Sivalingam andmdash; theandnbsp; worldandrsquo;s tallest netballer, and considered the best player within the Asian Netballing Circuit.
10-day rally checkmated by profit taking on Rs. 2 b turnover; buying returns at tail-end Retailers, who staged a dramatic bull run in recent weeks, propelling indices to rise by over 10%, yesterday took what one broker described as a “well-deserved breather” as profit taking ruled the Colombo Bourse. The ASI after a momentary rise ...
- Bourse ends week on the up (Category: Business)
- CSE rebounds with fresh interests in blue chips and speculative stocks (Category: Business)
- Bourse in welcome rebound; market cap up by Rs. 25 b (Category: Business)
- Milanka Index turns positive after 17 months (Category: Business)
Reuters: Investors fed up with years of poor returns are deserting BRIC equity funds, pushing share valuations to record cheap levels and questioning the future of the high-profile investment theme. The term, coined in 2001 by Goldman Sachs banker Jim O’Neill, provided a catchy acronym to unite the four biggest emerging economies, two of which ...
- China slowdown weighs on emerging market funds (Category: Business)
- Templeton plans $300 m emerging markets fund (Category: Business)
- Developed or developing? Try merging markets (Category: Business)
- Mobius bets on further oil price increases (Category: Business)
LONDON (Reuters): Copper hit a four-month high on Monday as hopes for more policy easing in the United States prevailed and as weak copper and other commodity imports in China, coupled with weak factory activity, reinforced prospects for more stimulus measures there. Chinese data showed copper imports in August fell 2.9% from July due to ...
- Asian shares rise; oil spikes on Iran tension (Category: Business)
- Shares ease on China growth worry, dollar stays firm (Category: Business)
- Asian markets rebound, hoping for action on euro zone crisis (Category: Business)
- Asian stocks rebound as Bernanke soothes investors (Category: Business)
Merchant Bank of Sri Lanka PLC., the pioneering investment bank in the country and a subsidiary of andnbsp;Bank of Ceylon has made its presence felt in many districts, concentrating in the areas of leasing and hire purchase.
- Top Marks (Category: Business)
- Islamic Banking (Category: Business)
- Lucky Thirteen (Category: Business)
- Top Marks (Category: Business)
Forty-two loyal customers of Sampath e-remittance service were in for a bonanza during the Ramadan season participating in the Sampath Cash Wasi promotion. This was the second time that Sampath Bank conducted the Cash Wasi promotion to reward its loyal e-remittance customers. When it was introduced first time during the Sinhala New Year season, 32 ...
- Dialog rings Gold to first round winners (Category: Business)
- Winners galore in Seylan Bank’s ‘Thagi Pita Thagi’ draw (Category: Business)
- Sampath Bank rewards Year 5 scholarship winners (Category: Business)
- NTB draws 1Q savings account winners across branch network (Category: Business)
The Lanka Micro Finance Practitioners Association (LMFPA), as the apex body of Micro Finance Institutions (MFIs), in itsandnbsp; bid to address andandnbsp; create awareness about development and current status of the industry including best practices commenced a series ofandnbsp;Enabling Dialogues,andnbsp;where CEOs, General Managers, Directors of companies engaged in Micro-Financing (including Li...
- Finance Watch (Category: Business)
- Viable Proposition (Category: Business)
- Recovery Drive (Category: Business)
- GMCL Joins hands with Scienter Technologies (Category: Breaking News)
Sri Lanka has much outside potential as the country is well positioned to attract Islamic finance and even non-Islamic segments of the society are lured to invest with Islamic windows of conventional banks which are developing into a major driver of the banking industry, Amana Bank CEO and Managing Director Faizal Salieh said.
- Alternative Finance (Category: Business)
- Product Search (Category: Business)
- Property Move (Category: Business)
- Takaful Offer (Category: Business)
The much anticipated Islamic Finance News Roadshow will be inaugurated today by the Governor of the Central Bank of Sri Lanka, Ajith Nivaard Cabraal. The Governor will deliver the key note address at this forum which will also see the attendance of many other key officials of the Sri Lankan Islamic banking and finance industry. ...
- IFN Roadshow a boost for Islamic finance in Sri Lanka (Category: Business)
- Amana Bank Lead Strategic Partner for IFN Roadshow Sri Lanka (Category: Business)
- Amana Bank - Lead Strategic Partner for IFN Roadshow Sri Lanka . (Category: Breaking News)
- Amana Bank - Lead Strategic Partner for IFN Roadshow Sri Lanka (Category: Business)
The Islamic Finance News (IFN) Roadshow, which is scheduled to take place this Thursday, will create an ideal forum to deliberate on the tremendous opportunities available for Islamic finance in the country, said Faizal Salieh, Amana Bank’s Managing Director/CEO. Amana Bank is the Lead Strategic Partner for the event, which will bring together the country’s ...
- Amana Bank Lead Strategic Partner for IFN Roadshow Sri Lanka (Category: Business)
- Amana Bank - Lead Strategic Partner for IFN Roadshow Sri Lanka (Category: Business)
- CB Governor to deliver key note address at IFN Roadshow (Category: Business)
- Amana Bank - Lead Strategic Partner for IFN Roadshow Sri Lanka . (Category: Breaking News)
Former top civil servant Dr. Prathap Ramanujam has been appointed to the Board of Senkadagala Finance Plc as an independent non-executive director with effect from 1 September 2012. Dr. Ramanujam retired after 38 years of distinguished service in the public sector. He was the Permanent Secretary to several key Ministries including Tourism, Livestock Development and ...
- CC to reconstitute independent commissions including EC (Category: Breaking News)
- Constitutional Council to meet on Wednesday (Category: Breaking News)
- CC yet to endorse second extension for IGP (Category: Breaking News)
- Shah: New coronavirus strain in England is worth keeping an eye on, but not surprising news (Category: USA, Maine)
MANILA, PHILIPPINES: ASEAN nations can help avoid world rice price shocks by reducing export restrictions, placing less emphasis on self-sufficiency, retooling Thailand’s rice pledging program, and expanding coordinated rice policies with India and Pakistan, according to a series of working papers from the Asian Development Bank (ADB). “So far, the rice market appears to be ...
- Troubled EU eyes ASEAN boost (Category: Business)
- Sri Lanka to bag yet another ASEAN MoU (Category: Business)
- Sri Lanka looks to work closer with ASEAN (Category: Breaking News)
- Sri Lanka to sign another ASEAN MOU (Category: Business)
The world-renowned Islamic Finance News (IFN) Roadshow will hit the shores of Sri Lanka this September, bringing together the country’s Islamic finance industry and its key regulatory stakeholders to one forum to discuss the issues, challenges and potential of the industry. Having pioneered the concept of Islamic banking in Sri Lanka, Amana Bank has partnered ...
- IFN Roadshow a boost for Islamic finance in Sri Lanka (Category: Business)
- CB Governor to deliver key note address at IFN Roadshow (Category: Business)
- Amana Bank - Lead Strategic Partner for IFN Roadshow Sri Lanka . (Category: Breaking News)
- Amana Bank - Lead Strategic Partner for IFN Roadshow Sri Lanka (Category: Business)
IFC, a member of the World Bank Group, this week hosted an advanced trade finance seminar in Colombo to train bankers from Sri Lanka and Maldives on using sophisticated trade finance products, the better to serve small entrepreneurs engaged in international trade.
- Risk Sharing (Category: Business)
- Risk Cover (Category: Business)
- Finance Rating (Category: Business)
- The CoL is the responsibility of the Finance Minister - Bandula (Category: Breaking News)
Reuters: China’s economy is stabilising slowly as pro-growth government policies gain traction while real estate curbs have suppressed speculation, the head of the country’s top planning agency, the National Development and Reform Commission, said on Wednesday. Zhang told a meeting of the National People’s Congress (NPC), China’s top legislature, that China’s two-pron...
- Sri Lanka to establish a new Consulate General in Guangzhou, China (Category: Business)
- US study tracks huge state role in China economy (Category: Business)
- China lifts state purchase prices of rice to help farmers (Category: Business)
- China calls for creating good environment for Sri Lanka’s stability, construction (Category: Business)
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