Supplier chain performing well:
Bigger demand, better price for Sri Lankan tea
There was a shortage in the supply of tea due to
the global recession during the latter part of last year in the
country and there was also a significant drop in demand as well in
the industry in the past few months.
IBSL suspends registration of Janashakthi Insurance
Company confident of speedy resolution
The Insurance Board of Sri Lanka (IBSL) has
suspended the registration of Janashakthi Insurance PLC in respect
of Long Term Insurance Business and General Insurance Business in
terms of Section 18 of the Regulation of Insurance Industry Act No.
43 of 2000 for three weeks from 12 noon yesterday, a media release
HNB reports resilient first quarter results
The first quarter results of Hatton National
Bank (HNB) showed an impressive performance by the Bank recording an
income of Rs 9.68 Bn., a growth of 14 percent compared to the
corresponding period last year. This is ample testimony for the
Bank’s resilience on the face of adversity.