Total Sri Lankan market value of Rs. 22.4
Two million handsets sold last year
Over two million new mobile handsets were sold
last year in Sri Lanka with a total market value of Rs. 22.4
billion. The bulk of phones that were marketed were Duel SIM phones
mostly manufactured in China. This segment made up over 35% of total
sales. Android emerged as the most preferred high end segment with
half of all smart phones being shipped based on this platform.
Insurance industry records annual growth
The insurance industry has recorded an annual
growth in terms of overall Gross Written Premium (GWP) in the
segments of general insurance and long term insurance. The overall
Gross Written Premium (GWP) Income for Long Term Insurance and
General Insurance businesses was Rs. 78,512 million compared with
the previous year amounting to Rs. 66,253 million which reflected a
growth of 18.50%.
New petroleum resources importing sources sought
Diversification of import sources of petroleum
resources outside the region will ensure stability in the petroleum
sector in the country reducing the risks. Secretary, Ministry of
Petroleum Industries, Dr R.H.S Samaratunga said delivering a speech
on current challenges of the Petroleum sector organized by the
Centre for Banking Studies in Rajagiriya recently.
BOC aims to reach Rs 1 trillion asset base
The Bank of Ceylon aims to reach Rs one trillion
balance sheet during this year maintaining its position as the
premier state bank. “We will remain one of the largest state
institutions in the country and our plans to reach Rs one trillion
asset base could be realized within this year. The bank operates
under a wide spectrum of scope and will meet the expectations of all
stakeholders,” newly appointed General Manager of Bank of Ceylon, K.