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Pioneer Life Insurance in USA:
MetLife Alico to enter Sri Lanka
One of the leading American Insurance companies,
MetLife Alico is looking at tenting the Sri Lankan insurance market.
The Agency Manager MetLife in the United Arab Emirates, Suren
Swaminathan said that the economic climate is ideal for a company of
this magnitude to extend their foot print to Sri Lanka
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Singer Sri Lanka revenue grows by over Rs. 1 b in first quarter
The Singer Group with revenues of Rs. 6.2
Billion for the first quarter of 2012, expressed confidence in its
continued growth. The growth was on top of very high growth in prior
year. Noting that group revenue rose by Rs. 1.1 Billion in absolute
terms and by 22% in percentage terms over the first quarter of the
previous year, Singer Sri Lanka Group CEO, Asoka Pieris stated that
the organization's performance was despite the fact that consumer
sentiments were affected by the rupee's devaluation and sharp
increase in electricity and fuel costs.
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SriLankan Airlines opens in Jaffna
SriLankan Airlines expands its operations in the
North of Sri Lanka, opening its Sales Office in the heart of the
Jaffna Peninsular. The branch office will facilitate travel
formalities to a large clientele in the Jaffna and Kilinochchi
areas, being fully equipped to handle reservations, ticketing,
Prepaid Ticket Advices (PTAs), requests for special services,
information on fares, schedules and packages - essentially offering
the same sales activity carried out by any city office of the
airline.
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‘February Exports jump shows positive revival’
February 2012’a exports earnings show our export
lull in January to be only temporary. “The February increase in
exports by 7.6% shows the positive reversal of our exports from that
of January. It also shows that the January lull is a mere passing
cloud which has now cleared” said Rishad Bathiudeen, Minister of
Industry and Commerce of Sri Lanka.
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