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Ceylinco Insurance
Ceylinco Insurance PLC is the largest private sector insurance company in Sri Lanka. The company is also engaged in the education and renewable energy sectors. The company offers both life insurance and all classes of general insurance. The company was incorporated in 1987 when the government ended its state monopoly over the insurance sector and the company was listed on the Colombo Stock Exchange the following year. Ceylinco Insurance is an '' LMD 100'' company, an annual list of public companies in Sri Lanka by revenue and ranked 23rd in the 2020/21 edition. History The company traces its origin to the founding of Ceylon Insurance Company by Hugh C. Weeresekere in 1939. Due to an illness, Weeresekere left the company to Justin Kotelawala, who managed the company for 25 years. The insurance industry in Sri Lanka was a state monopoly from its nationalisation in the 1960s to 1988. Prior to the independence of Sri Lanka, the industry was dominated by the private sector and the indu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Monopoly
In economics, a government monopoly or public monopoly is a form of coercive monopoly in which a government agency or government corporation is the sole provider of a particular good or service and competition is prohibited by law. It is a monopoly created, owned, and operated by the government. It is usually distinguished from a government-granted monopoly, where the government grants a monopoly to a private individual or company. A government monopoly may be run by any level of government — national, regional, local; for levels below the national, it is a local monopoly. The term state monopoly usually means a government monopoly run by the national government. Characteristics of state monopolies A state monopoly can be characterized by its commercial behavior not being effectively limited by the competitive pressures of private organisations. This occurs when its business activities exert an extensive influence within the market, can act autonomously of any competitors, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uswetakeiyawa
Uswetakeiyawa () is a small fishing village in Wattala Pradeshiya Sabha, Gampaha District Gampaha District ( si, ගම්පහ දිස්ත්රික්කය ''gampaha distrikkaya'', ta, கம்பஹா மாவட்டம் ''Kampahā Māvaṭṭam'') is one of the 25 districts of Sri Lanka, the second level adminis ..., Western Province, Sri Lanka. Populated places in Gampaha District {{WesternLK-geo-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retirement Community
A retirement community is a residential community or housing complex designed for older adults who are generally able to care for themselves; however, assistance from home care agencies is allowed in some communities, and activities and socialization opportunities are often provided. Some of the characteristics typically are: the community must be age-restricted or age-qualified, residents must be partially or fully retired, and the community offers shared services or amenities. There are various types of retirement communities older adults can choose from, and new types of retirement communities are being developed as the population ages. Examples of retirement community types include: * Assisted Living Communities, also known as Assisted Living and Memory Care assisted living communities, which provide all the daily services seniors need in an apartment or condominium style environment - such as activities, dining, housekeeping, nursing, and wellness - usually in a locked a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
S&P Sri Lanka 20 Index
The S&P SL20, or the Standard & Poor's Sri Lanka 20, is a stock market index, based on market capitalization, that follows the performance of 20 leading publicly traded companies listed in the Colombo Stock Exchange. The 20 companies that make up the index is determined by Standard & Poor's global index methodology, according to which the index's listing is reviewed each year. All S&P SL20 listed stocks are classified according to S&P and MSCI's Global Industry Classification Standard, thereby enabling better comparison of performance of Sri Lanka's largest and most liquid stocks with other global indices. History With the conclusion of the thirty year conflict in 2009, Sri Lanka's Colombo Stock Exchange experienced unprecedented investor interest, with Bloomberg ranking Colombo Stock Exchange the best performing stock exchange for the year 2010. However, by June 2012, the investor confidence had eroded and an analysis of 78 stock exchanges conducted by Bespoke Invest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dividends
A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings). The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets. The dividend received by a shareholder is income of the shareholder and may be subject to income tax (see dividend tax). The tax treatment of this income varies considerably between jurisdictions. The corporation does not receive a tax de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive Compensation
Executive compensation is composed of both the financial compensation (executive pay) and other non-financial benefits received by an executive from their employing firm in return for their service. It is typically a mixture of fixed salary, variable performance-based bonuses (cash, shares, or call options on the company stock) and benefits and other perquisites all ideally configured to take into account government regulations, tax law, the desires of the organization and the executive. The three decades from the 1980s saw a dramatic rise in executive pay relative to that of an average worker's wage in the United States, and to a lesser extent in a number of other countries. Observers differ as to whether this rise is a natural and beneficial result of competition for scarce business talent that can add greatly to stockholder value in large companies, or a socially harmful phenomenon brought about by social and political changes that have given executives greater control over th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lanka Insurance
Sri Lanka Insurance Corporation Limited, also known as Sri Lanka Insurance is the largest and strongest composite insurance provider in Sri Lanka. It is the first and only insurance company in Sri Lanka to be assigned a prime AAA- rating for Insurance Financial Strength from the US rating agency Fitch Ratings New York City. The company now manages assets worth over US$1102 Million. History Sri Lanka Insurance was incorporated by a special act of Parliament in 1961. It was formed by nationalizing the insurance industry which was run by various local and foreign private companies. It maintained the monopoly in the insurance industry until the establishment of the National Insurance Corporation in 1980. In 1988, the insurance field was liberalized by permitting private companies to enter the industry. In 1993 with the objective of providing greater autonomy to operate in this environment, the corporation was converted to a fully government-owned limited liability corporate entity. It ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Switzerland
Systemically Important Banks Globally Systemically Important Banks * UBS Group AG * Credit Suisse Group AG Domestically Systemically Important Banks * Zurich Cantonal Bank * Banque cantonale vaudoise * Raiffeisen * PostFinance Top-tier Swiss banks Other Swiss-based banks with a significant presence domestically and overseas with considerable assets under management. * Julius Baer Group *Vontobel *Pictet Group * Lombard Odier *J. Safra Sarasin *Union Bancaire Privee * EFG International Family-owned Swiss banks * Banque Heritage * Bank SYZ * Bordier & Cie * Compagnie Bancaire Helvétique *Edmond de Rothschild Group * Geneva Swiss Bank * Gonet & Cie * E. Gutzwiller & Cie, Banquiers * Habib Bank AG Zurich * Hyposwiss Private Bank Genève SA * Landolt & Cie * Lienhardt & Partner Privatbank Zürich * Reichmuth & Co * REYL Group * Union Bancaire Privée * Rahn+Bodmer Co. *Vontobel Swiss branches of international banks Belgium * AXA Bank Europe, Brüssel, Zweigniederlassung Wint ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lalith Kotelawala
Deshmanya Deshabandu Jeewaka Lalith Bhupendra Kotelawala is a Sri Lankan businessman, who was the chairman of Ceylinco Consolidated and also was the founding chairman of Seylan Bank. He was listed in 2007 Sri Lanka Richest List. He was remanded for the misappropriation of 26 billion rupees of investments from the failed Golden Key Credit Company. Early life and education Born to Senator Justin Kotalawela a Ceylonese politician and businessman and Millicent Kotelawala ''nee'' de Silva, daughter of Sir Arthur Marcelles de Silva, a leading surgeon. He was educated at Royal College, Colombo and studied chartered accountancy in the UK. He is the nephew of Sir John Kotelawala, the third Prime Minister of Ceylon. Career Taking over Ceylinco Consolidated from his father in the 1960s, Kotelawala expanded the group into new fields including banking, non-banking finance, investment banking, housing and property development, travel and leisure, communication & information technology, educ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associated Newspapers Of Ceylon Limited
Associated Newspapers of Ceylon Limited (ANCL), also known as Lake House. It publishes three daily, three weekend, five weekly, two monthly and three annual publications in Sinhala, English and Tamil. Associated Newspapers of Ceylon Limited is a public limited liability company incorporated in Sri Lanka in 1926 by its founder D. R. Wijewardena. 75% of its shares were Nationalized under the Associated Newspapers of Ceylon Limited (Special Provisions) Law No. 28 of 1973 and this stake is held by the Public Trustee of Sri Lanka on behalf of the Government. Lake House is Sri Lanka's oldest publication company. Its '' Daily News'' English daily was the first Sri Lankan newspaper to be published on-line. At present '' Dinamina'', Resa, ''Daily News'', '' Thinakaran'', '' Sunday Observer'', . '' < ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily News (Sri Lanka)
The ''Daily News'' is an English-language newspaper in Sri Lanka. It is now published by the Associated Newspapers of Ceylon Limited (Lake House), a government-owned corporation. The newspaper commenced publishing on 3 January 1918. D. R. Wijewardena was its founder. The present-day newspaper is written as a broadsheet, with photographs printed both in color and black and white. Weekday printings include the main section, containing news on national affairs, international affairs, business, political analysis, sports, editorials and opinions. Every Thursday issue a free supplement in a tabloid paper called "Wisdom". In addition, the ''Daily News'' also provides '' The Sri Lanka Gazette'' as a supplement on every Friday. The current editor-in-chief of the daily news is Lalith Allahakkoon. Since its founding, the ''Daily News'' has been housed and printed in the historic, colonial-era Lakehouse Building, adjacent to Beira Lake, in the Fort district of Colombo. During the 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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