While selling assets may be the easiest solution to ward off the national crisis Sri Lanka currently faces, another option lies in transforming loss-making SOEs (State Owned Enterprise) whose rich assets can be turned around to profitability driven and managed by clean, experienced corporate executives, said the SLT Group Chairman Rohan Fernando. He made these […]
By Hiran H.Senewiratne SLT stocks showed an acute price gain at the CSE yesterday following President Ranil Wickremasinghe’s revelations in the course of delivering the 2023 budget speech that the ‘re-structuring of state owned entities, including SriLankan Airlines, Sri Lanka Telecom, Sri Lanka Insurance Corporation, the Colombo Hilton and Water’s Edge would be carried out […]
The EU funded ‘Supporting Effective Dispute Resolution (SEDR)’, project amplified its support to the Mediation Boards Commission (MBC) through the provision of 70 laptops to enhance the administrative functions of the Development Officers (Mediation) across the island. The event was graced by several dignitaries – Dr. Wijeyadasa Rajapakshe, Minister of Justice, Priyanath Perera, Secretary Mediation […]
Leading Sri Lankan insurer Co-operative Insurance Company PLC (CICPLC) entered an insurance agreement with Bank of Ceylon (BOC), the country’s leading state-owned bank, on October 27, 2022, to maximise its service offerings to customers with banking requirements. Through this agreement, customers looking for financial services now have the ability to benefit from insurance facilities from […]
The Ceylon Chamber of Commerce held its 183rd Annual General Meeting at the Cinnamon Grand Hotel on 30 June, 2022. The Chief Guest at the AGM was Her Excellency Julie Chung, the U.S. Ambassador to Sri Lanka and the Maldives. Mr. Vish Govindasamy was re-elected as Chairman of the Chamber for the year 2022/23. In.