Business

Union Assurance PLC closed the first half of the financial year as the fastest growing life insurer, achieving a 65% growth in regular new business premiums among the top 5 life insurers in Sri Lanka amids a pandemic-affected business…

In line with the government’s policy of developing regional industrialization, the Board of Investment (BOI) of Sri Lanka recently entered into a supplementary agreement with Jay Jay Mills Lanka, to lay foundation to an initial…

HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) recently pledged support to Lanka Cavaliers as the clothing sponsor for one year. Lanka Cavaliers came into existence 23 years back and…

The Association of Chartered Certified Accountants (ACCA) Sri Lanka recently held its new member ceremony virtually, to celebrate the achievement of 225 new ACCA members attaining this milestone during the last two years. Another…

Tuna are starting to recover after being fished to the edge of extinction, scientists have revealed. Numbers are bouncing back following a decade of conservation efforts, according to the official tally of threatened species.…

Hirdaramani Group Director Aroon Hirdaramani noted that the US $ 10 billion goal for Sri Lankan apparel exports by 2025 was unfeasible but that the sector could aim to achieve US$ 8 billion by 2025. He noted the difficulty in reaching…

Marriott’s CEO warns that the company is in a “fight for talent” as it seeks to hire 10,000 staff at hotels in the United States to accommodate the rapid recovery of bookings. Tony Capuano took over after his predecessor’s death…

Overseas Realty (Ceylon) PLC announced the passing of. S P Tao (TaoShing Pee) Founder, Chairman and Director of the Company, in Nanjing, China on 24th August 2021. Tao lived 105 years and passed away peacefully. Tao was the…

The All Share Price Index reached its all-time high of 9,335.9 points on Thursday and closed the week at 9,316.7amidst recording an impressive total turnover over Rs.59 Bn for the week (average weekly turnover of Rs.11.9 Bn). Further…

Aeroflot the Russian airline will operate direct flights to Colombo from November 4. This will be two flights per week. The flights will be operated on a wide-body Airbus A330-300 aircraft. The airline has already opened the sale…