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Interview : A closer look at Bancassurance with Vindya Cooray
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BRI: Sri Lanka s Hambantota Port to house Plug and Play manufacturing park
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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
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.
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.
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