Increase in foreign reserves help contain current account
deficit
THE Monetary Board has decided to maintain the
policy interest rates of the Central Bank at their current levels
and to continue with the conduct of open market operations aimed at
bringing down the monetary expansion to the desired path.
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Orange Electric enters Middle East markets
SRI LANKAN owned electrical switch and socket
manufacturing giant Orange Electric has broken into the Middle East
market. Orange Electric was the only Sri Lankan Company to
participate at the Middle East Electricity Exhibition .
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Ceylinco Insurance retains industry leadership in 2005
INSURANCE: Ceylinco Insurance Co. Ltd., has
retained its position as market leader in Sri Lanka's insurance
sector in 2005, with consolidated premium income of Rs 12.8 Billion
and a market share of more than 32 per cent in both Life and General
insurance segments, the company announced this week.
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