Economic

Stepping into the 80-year mile stone Diesel and Motor Engineering PLC (DIMO) is now repositioned to grow competitively and meet future challenges in automotive industry, top officials of DIMO said.

Settle claims below Rs. 75,000 within 3 working hours
Fast-track settlement of vehicles’ insurance claims for claims below Rs. 500,000
SLIC mobile app is now available to provide faster and convenient access for insurance needs
Enables SLIC to identify your accident location accurately
Redefining customer experience, Sri Lanka Insurance Motor Plus yesterday unveiled a range of extensive benefits.

Assuring the Government will do its utmost for a quicker revival, Tourism Development Minister John Amaratunga yesterday hailed the proactive promotional campaign by Cinnamon Hotels and Resorts to boost tourism post-Easter Sunday setback.

Sri Lankan and Russia explored the possibility of enhancing naval cooperation, a statement from the Foreign Affairs Ministry said yesterday.

Cabinet this week gave approval for three domestic airports to be used for regional commercial flights to promote tourism.

Sri Lanka treasury is now compelled to mange daily cash flow in a prudent manner as the country is heading for Provincial Council or Presidential elections in the coming months.

Pro Food, Pro Pack & Ag-biz 2019, Sri Lanka’s only comprehensive food, agriculture and packaging exhibition, spanning three days, kicked off yesterday at the Sirimavo Bandaranaike Memorial Exhibition Hall.

As a component of its Peace Building initiative, The Ceylon Chamber of Commerce has been engaged in carrying out several programmes to promote ethnic unity.

The apparel industry is encouraging the Government to expedite formalities for the establishment of a dedicated textile processing zone.

Reuters: Sri Lankan shares recovered from an intraday fall of over 1% to close flat on Friday, while the rupee ended weaker due to importer dollar demand.

The Hambantota International Port (HIP), was recently certified ISO 45001: 2018 compliant for their Occupational Health & Safety Management System (OH&SMS), by the International Organization for Standardization, Headquartered in Geneva, Switzerland.

Binod Chaudhary, the Nepalese billionaire and owner of its biggest multinational conglomerate CG Corp Group with investments in Sri Lanka, this week expressed confidence that the island nation can rebound faster post-Easter Sunday setback but requires united action by all stakeholders.

Central Bank has urged the customers to be cautious when making e-payments to prevent unauthorised electronic transactions.

Sri Lanka, pioneering solar solutions provider, JLanka Technologies Ltd is investing in alternate homegrown technologies not only in smart energy, but also in the field of electric transportation.

Sri Lanka’s value-added industry sector expanded with startups contributing its share in introducing innovative products in large scale during the first quarter this year, Finance Ministry data showed.

In order to prevent unauthorised electronic transactions, the Central Bank yesterday notified customers to register for real-time e-payment notification facilities, as well as obtain EMV chip-based payment cards from their respective companies without delay, and exercise caution when sharing information that can be used to carry out e-payments.

The Commercial Bank of Ceylon was awarded the 2019 ‘Quality Choice Prize’by the European Society for Quality Research (ESQR) at an awards ceremony held recently in Berlin, Germany.

Tourism Minister John Amaratunga is to go to Cabinet once again to formalise and fast-track the much-delayed public relations (PR) and global promotion campaigns to boost the country’s image post-Easter Sunday terror attacks.