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Rs. 50 million solvency margin not met:
Board suspends ABC Insurance
The Insurance Board of Sri Lanka has suspended
the registration of ABC Insurance Company Limited in respect of
General Insurance Business with effect from April. The suspension
has been imposed from last Friday for contravening section 26 of the
Regulation of Insurance Industry Act, No. 43 of 2000.
 Full Story
Authority to auction estate gem lands
The National Gem and Jewellery Authority has
negotiated with heads of plantation companies to auction gem lands
in their estates for gemming. Illegal gemming is taking place in
several plantation company-owned estates, according to the NGJA.
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Tourist arrivals up 8.6% in March
Signs of recovery are shown in the tourist
industry with arrivals in March registering an 8.6% growth from the
previous year.
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