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Thursday, 20 September 2012

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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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The Hotel Asia Exhibition conducted by Lanka Exhibition and Convention Services concluded at Dharbaruuge, exhibition hall in the Maldives last week. The recently introduced international culinary challenge was one of the major attractions at the event. Here two visitors admiring a bread carving at the event. Picture by Saliya Rupasinghe



 
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