• Fri. Jan 28th, 2022

Local

  • Home
  • Milliman begins operations in Sri Lanka acquiring a local Actuarial firm

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…

PATA recognises Sri Lanka’s renowned hotelier Hiran Cooray with its highest individual honor

The Pacific Asia Travel Association (PATA) has awarded its highest individual honor, Life Membership to one of Sri Lanka’s renowned hotelier and Jetwing Symphony PLC, Chairman, Hiran Cooray in recognizing…

Hong-Kong based Alta Hospitality Asia fund eyes a prime real-estate in Galle

The newly launched Alta Hospitality Asia fund of Hong-Kong-based Alta Capital Real Estate eyes a prime real-estate in Galle to develop a premier wellness retreat with comprehensive facilities and luxury…

Sri Lanka’s bonds hammered as U.S. dubs China “predator”

Sri Lanka’s government bonds fell heavily on Wednesday as the United States ratcheted up pressure on the country’s government over its ties with China. U.S. Secretary of State Mike Pompeo,…

Mike Pompeo arrives in Colombo as U.S seeks to balance China’s growing influence in the region

The United States (U.S.) Secretary of State, Mike Pompeo yesterday arrived in Sri Lanka for a two-day visit during which he would hold talks with the top Lankan leadership, as…

ICICI Bank exits Sri Lanka

India-based ICICI  bank has shut down its offshore unit in Sri Lanka after securing approval from the country’s Central Bank (CB) last week. “The Monetary Board of the Central Bank…

Asia Capital enters into share purchase agreement to buy 70% stake of Navara Capital Partners

Asia Capital to re-enter Stock Broking business soon Asia Capital PLC (ACAP) the country’s leading and pioneering investment banking house recently announced to Colombo Stock Exchange (CSE) that the company…

Sri Lanka’s cement volumes to recover in FY2022

Sri Lanka’s total cement volumes is forecasted to recover in 2022 financial year after an anticipated dip in 2021 financial year due to COVID-19 induced economic crisis, according to First…

Sri Lankan to ban several single-use plastic products from 2021

The government decided to ban a range single-use plastic and polythene waste material products including Poly Ethylene Terephthalate (PET) and Vinyl Chloride (PVC) containers from with effect from 2021. The…

Dairy industry seeks clear access to land and water for forage crops

The All Island Dairy Association (AIDA) urges the government to remove restrictions on land and water utilization for forage crops to increase the quantity and quality of milk production. All…