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Trade Finance and Investments PLC (TFI), a financial service providerhas been amalgamated into one of Sri Lanka’s pioneering finance companies, Commercial Credit and Finance PLC (CCF).
The amalgamation, which came into
effect from 31st December 2020 was subject to the shareholders of both
companies approving the said amalgamation at Extraordinary General Meetings
held on 09 November 2020.
The amalgamation was driven by the
financial sector consolidation plan initiated by the Central Bank of Sri Lanka
in 2014, where CCF acquired majority control of TFI. Further to the request
made by the CBSL, the Boards of Directors of both companies resolved to the
Ambassador Ravinatha Aryasinha had a virtual discussion with Dan Stigall, Deputy Chief of Staff & Counselor for International Affairs, Department of Justice (DoJ) recently to follow-up on the charges filed last month by the US District Court in Los Angeles against 3 Sri Lankans for “Conspiring to Provide Material Support to ISIS” in the Easter Sunday bombings in Sri Lanka in April 2019, Sri Lankan Embassy in Washington D.C. said.
All 3 Sri Lankans are currently in Sri Lanka’s custody. The Ambassador has also called for closer monitoring of the pro-LTTE organizations operating in the US, who contrary to US laws, were glorifying terrorism and martyrdom, while propagating hate speech and disinformation.
Ceylinco Life has achieved consolidated income of Rs 36.98 billion
for FY 2020, demonstrating the Company’s ability to grow business volumes and
investment returns even in the most challenging conditions.
This top line growth of 15.2 per cent was made possible by Gross
Written Premium Income of Rs 22.07 billion for the 12 months ending 31
st
December 2020 – an increase of 17.9 per cent over 2019 – and investment and
other income of Rs 14.9 billion, which was up 11.3 per cent, Sri Lanka’s life
insurance leader reports.
The growth in life insurance business resulted in Ceylinco Life
retaining its position as the market leader in Sri Lanka’s life insurance
Prime Minister of Pakistan, Imran Khan is scheduled to undertake an official visit to Sri Lanka on 23-24 February 2021 on the invitation of Prime Minister Mahinda Rajapaksa.
During his visit, Prime Minister Imran Khan will attend bilateral meetings with President Gotabaya Rajapaksa and Prime Mini
With the COVID-19 pandemic impacting markets across the world and
the currency fluctuations taking place, the global prices of LPG as one of the
world’s most widely used energy sources have been volatile throughout the
world.
According to Argus Independent Commodity Price Reporting Agency, the leading independent provider of energy and commodity price benchmarks, rising prices and uncertain economic forecasts overshadow the LPG industry globally. The Argus pricing benchmark ‘Argus Far East Index’ is used widely in Asia, while Saudi Aramco Index is also used in countries such as Sri Lanka.
In Sri Lanka, Litro Gas Lanka, the national LPG provider has consistently maintained stable prices in adhering to the President’s “