NSB assets surpassed Rs 500 billion in 2012
The assets of the National Savings Bank (NSB)
exceeded Rs. 500 billion last year, NSB, GM and CEO Hennayake
Bandara said. He was speaking at a ceremony to mark an official
visit by Deputy Finance and Planning Minister Dr. Sarath Amunugama
to the bank last week. He said that the bank had passed many
milestones during its 41-year existence and added that the bank is
among the top three banks in the country.
Call to shift foreign employment to Far East
Sri Lanka should shift its migrant workers from
the Middle East to the Far East markets, said Professor of
Economics, Ryukoku University, Japan, Hisashi Nakamura at a seminar
on 'New Directions in Sri Lanka Worker Policy' organised by the
Institute of Policy Studies in Colombo last week.
Trade deficit continues to narrow
The trade deficit continued to narrow and
recorded a 24 percent year-on-year (Y-O-Y) decline in January 2013.
The policy measures implemented early in 2012 to discourage
non-essential imports have continued to ease pressure on the trade
deficit and therefore on the current account balance.
Rs. 225 m mini hydro plant in Bulathkohupitiya
Power Resources (Pvt) Ltd signed an agreement
with the BOI to set up a mini hydro power plant in Bulathkohupitiya
with an investment of Rs 225 million. Minister of Investment
Promotion Yapa Abeywardena presented the BOI Certificate of
Registration to investors Gamini Abeyweera and Warna Dahanayake.
Renew your ambitions during the New Year holidays
I know you are in a holiday mood already and
reading serious stuff is the least focus, so let me be very brief
this week and be relevant. A significant feature during the New Year
is coming together and sharing. The moment you think of giving or
receiving what comes to mind is material gifts you can touch and
AIA Insurance rewards top performers
AIA Insurance (earlier known as AVIVA NDB
Insurance) rewarded its top performers recently. The event was a
double celebration of the company transforming into AIA Insurance
and rewarding exemplary sales achievements at the annual Graduation
and Sales Convention for over 1,700 Wealth Planners. Wealth Planners
and Wealth Plannersí Managers were bestowed titles Premier,