Janashakthi Insurance targets Rs. 8 b revenue
Janashakthi Insurance PLC is targeting revenue in
the excess of Rs. 8 billion for the current financial year. Prakash
Schaffter, Managing Director, Janashakthi said that they had passed
the Rs. 7 billion revenue targets last year and the first two
quarters of this year have already yielded over Rs. 6.7 billion.
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Apparel SMEs need help
The Small and Medium Enterprise sector of the
Lankan apparel industry which is currently weakening needs
assistance and correct direction to enable it to realize its full
potential to become the backbone of that sector as it is in many
other countries.
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ZTE, Mobitel sign strategic deal worth $ 40 m
ZTE Corporation (ZTE), a publicly-listed global
provider of telecommunications equipment, network solutions and
mobile devices, signed a strategic co-operation agreement worth $ 40
million with Mobitel Sri Lanka.
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PABC on growth path
PABC is on a growth phase in all areas of
banking notably in deposits and advances. “Yet we are not comprising
on risk management,” said Lalith Fernando, Chief Risk Officer PABC.
“Our risk management is bank wide and encompasses all three major
risk areas, credit, market and operations.
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