Allianz completes Janashakthi General Insurance acquisition

Sri Lanka-UAE bilateral trade turnover tops US$ 1.34 billion

The?total bilateral trade turnover between Sri Lanka and the UAE has now reached over US$ 1.34 billion, the Consulate General of Sri Lanka to Dubai and Northern Emirates said. Commemorating the 70th Anniversary of the Independence of Sri Lanka and the 25th year of the establishment of the Consulate General of Sri Lanka, the Consulate General of Sri Lanka in Dubai and the Northern Emirates celebrated the both occasions at a grand National day reception event held in Armani Hotel, Burj Khalifa, i

08 Feb, 2018

CSE records strongest ever start to a year in Foreign Investments

Record breaking foreign investment in the Sri Lankan stock market has continued into 2018, with Rs. 4 billion in net foreign purchases during the month of January ? a new record for the first month of any given year. The month recorded Rs. 10.7 billion in foreign purchases in the market, while foreign investors made sales worth Rs. 6.7 billion, which has established a record breaking start to the year in terms of net foreign purchases. In this interview, the Head of Market Development at CSE, M

08 Feb, 2018

Indian Bank ramping up overseas branches in Sri Lanka

Public sector?Indian Bank?has undertaken initiatives to increase business at its overseas branches in Sri Lanka and Singapore, a top official has said. “Our operations (in overseas) are actually profitable. We have started ramping up activities in both the centres,” the bank’s Managing Director and CEO, Kishor Kharat told PTI. He said the bank had taken steps to increase business levels as there was “slight stagnancy earlier” (in the bank operations). “Having understood the policies, we are i

19 Feb, 2018