Business

BusinessTags: Print EditionAIA Group Limited announces new business indicators for the first quarter ended March 31, 2022 with value of new business (VONB) of US$853 million, down 18%. Annualized new premiums (ANP) reduced by 7 per…

BusinessTags: Print EditionThe Asian Development Bank (ADB) has approved a ceiling of up to $18 billion in policy-based lending (PBL) between 2022 and 2024 and enhanced its crisis-response instruments to support its developing member…

BusinessTags: Print EditionGunawardana Tea Factory of Akuressa has achieved an all-time record price of Rs.1,680 per kg on a BM grade in the Off Grade category, which was sold at the E-auction held on April 26-27,2022. Gunawardana Tea…

BusinessTags: Print EditionGreen House Tea Factory, achieved an all-time record Price of Rs.2,750 per kg on a PEKOE grade by beating its own record price, at the tea auction held on April 26-27, 2022. Green House Tea Factory situated…

BusinessTags: Print EditionThe Ministry of Ports, Shipping and Waterways decided to develop and build India’s first indigenous Hydrogen Fuelled Electric Vessels at Cochin Shipyard Ltd (CSL). This has kick-started the efforts of the…

BusinessTags: Print EditionA 43.3% in tourist’s arrivals has been reordered for April 2020 (tourist arrivals were 60,359) and this was mainly attributed the reasons for this drop in tourist’s arrivals to present mass protests and…

BusinessTags: Print EditionFor the first time Thai Smile Airways, a subsidiary of Thai Airways will launch direct flights between Colombo (BIA) and to Suvarnabhumi Airport Bangkok commencing today (5) The airline is looking at a daily…

BusinessTags: Print EditionThe official selling rate of the US Dollar as announced by the Central Bank yesterday stood at Rs.362.9987 whilst the buying rate of the US Dollar had been declared at Rs. 350.0597. The selling rate of…

BusinessTags: Print EditionHeadline inflation, as measured by the year on year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) 1 increased to 29.8% in April 2022 from 18.7% in March 2022. This increase in YoY…

HNB General Insurance GWP grows by 24% in 1Q22:BusinessCEO HNBA Lasitha Wimalaratne-CEO HNBGI Sithumina JayasundaraTags: Print EditionHNB Assurance PLC Group delivered a robust performance during 1Q22, recording a Profit After Tax…