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  • Central Bank Announces Six Month concessionary Period for Lease Payment Obtained By Passenger Transport Sector

Central Bank Announces Six Month concessionary Period for Lease Payment Obtained By Passenger Transport Sector

The Central Bank (CB) instructed licensed commercial banks and licensed specialized banks to grant a concession for lease facilities obtained by COVID-19 affected businesses and individuals in passenger transportation services…

COPE Orders to Sri Lanka Insurance submit a report on Maldives and Seychelles Branch Closures

Sri Lanka’s Legislative Committee on Public Enterprises (COPE) has ordered the State-Owned Sri Lanka Insurance Corporation (SLIC) to submit a report expeditious on its decision to close operations in Maldives…

Asset risk looms over Sri Lankan insurers

Sri Lankan insurers are facing heightened asset risk due to the country‚Äôs weaker credit profile and lower national ratings of several state-owned and private institutions, a Fitch Ratings report said.…

Milliman begins operations in Sri Lanka acquiring a local Actuarial firm

Milliman, Inc., a premier global consulting and actuarial firm, announced that it will begin operations in Sri Lanka after an agreement to acquire Colombo-based Spark Actuarial Private Limited came into…