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BRI: Sri Lanka s Hambantota Port to house Plug and Play manufacturing park

BRI: Sri Lanka s Hambantota Port to house Plug and Play manufacturing park
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Hambantota international port groupShenzhen xinji groupLanka business onlineஹம்பந்டோட சர்வதேச போர்த் குழுலங்கா வணிக நிகழ்நிலை

Interview: Union Assurance will continue to grow through distribution channel expansions

Speaking to Lanka Business Online exclusively regarding the company’s recent win Senath Jayatilake, chief distribution officer says UA’s vision is to transform the life insurance industry in Sri Lanka and offer its customers superior protection solutions. “We will continue through product innovation, distribution channel expansions and digital adaption. Our disruptive and progressive strategies will help disrupt the life insurance industry and drive greater protection penetration in Sri Lanka.” Read the full text of the interview below… 1 . Congratulations on your win. Tell us about your journey at Union Assurance….. I began my career as an Executive with John Keells Logistics (Pvt Ltd (JKLL) in 2007. What ensued was a journey

Sri lankaSri lankanSenath jayatilakeJohn keells logistics pvt ltdJohn keells holdingsUnion assuranceLife insurance companyBusiness leader awardsLanka business onlineJohn keells logisticsPvt ltdChief distribution officerBusiness leaderSri lanka business newsRi lanka finance newsAnka business online

China backed Port City missing link for SL to become game changer; no threat to sovereignty – Lanka Business Online

The Colombo Port City, one of Sri Lanka’s most significant projects with tremendous potential has to go forward in the right direction as a game-changer for the island and the proposed draft legislation is the missing link, a senior official said. Multiple petitions were filed in the Supreme Court last week by Opposition parties, civil society groups, and labour unions against the proposed legislation on the Colombo Port City, alleging that the US 1.4 billion dollar project violated the country’s sovereignty over financial matters, the Constitution and labour rights. In this light, Lanka Business Online did an exclusive interview with Thulci Aluvihare, Assistant Managing Director of CHEC Port City Colombo who denied these claims and said that the Sri Lankan Government is the landlord of the reclaimed 269 hectares and will act as a party even in the leased plots.

Sri lankaSri lankanThulci aluvihareSupreme courtColombo port cityLanka business onlineAssistant managing directorCity colomboSri lankan governmentஸ்ரீ லங்காஸ்ரீ லங்கன்உச்ச நீதிமன்றம்கொழும்பு போர்த் நகரம்லங்கா வணிக நிகழ்நிலைஉதவியாளர் நிர்வகித்தல் இயக்குனர்நகரம் கொழும்பு

China Development Bank signs USD 500Mn Financing Facility Agreement with Sri Lanka

China Development Bank (CDB) and Sri Lankan Finance Ministry on Monday signed USD 500 Million Foreign Currency Term Financing Facility (FTFF), which is the second tranche of the total RMB 2 billion plus USD 1 billion FTFF supported by the Chinese side to Sri Lanka after the outbreak of COVID-19 pandemic. Earlier in March, the two Central Banks also entered into a bilateral currency swap agreement amounting to CNY 10 billion (approximately US$ 1.5 billion) valid for a period of three years, with a view to promoting bilateral trade and direct investment for eco-social development of the two countries. This FTFF was requested by the Sri Lankan government under the current financial situation in the island nation and the background of fighting COVID-19 pandemic with all-out efforts. It is with a maturity period of ten years (including a grace period of three years), which is the longest tenure of term financing facilities for Sri Lanka.

Sri lankaSri lankanChina development bankEmbassy of the people republic chinaSri lankan finance ministry onSri lankan finance ministryForeign currency term financing facilityCentral banksTamil new yearSri lanka business newsSri lanka finance newsLanka business onlineஸ்ரீ லங்காஸ்ரீ லங்கன்சீனா வளர்ச்சி வங்கிதூதரகம் ஆஃப் தி மக்கள் குடியரசு சீனா

Central Bank suspends business of Swarnamahal Financial Services

The Monetary Board of the Central Bank has decided to suspend the business of Swarnamahal Financial Services PLC (SFSP) with effect from today. Having considered the continuously deteriorating financial condition and non-availability of a viable revival plan, the Monetary Board decided to suspen

People bankPanel of managementSwarnamahal financial servicesCentral bankMonetary board of the central bankMonetary boardSri lanka business newsSri lanka finance newsLanka business onlineமக்கள் வங்கிகுழு ஆஃப் மேலாண்மைமைய வங்கிபண பலகை ஆஃப் தி மைய வங்கிபண பலகைஸ்ரீ லங்கா வணிக செய்திஸ்ரீ லங்கா நிதி செய்தி