CSE upbeat on the election of Ranil Wickremesinghe to presidency-By Hiran H. Senewiratne Source:Island The CSE remained upbeat yesterday after a crucial Parliamentary vote which elected Ranil Wickremesinghe as the country’s new President. During the trading period, the All -Share Price Index moved up to 100 points and later settled down at 67.96 points, stock market analysts said. From 1st July to date, the foreign outflow reached more than Rs 365 million, which was a positive scenario in the market. Both indices gained by 1.5 per cent, while turnover remained over Rs. 1 billion for the third consecutive session, market analysts said. Market activities and the foreign inflow were positive because local and foreign investors seem assured that the IMF bail-out is going to come with the electing of the new President yesterday. Amid those developments both indices moved upwards. All Share Price Index went up by 67.96 points and ...

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Softlogic Life launches ‘Dollar Saver’: SL’s first foreign currency insurance solution Source:-www.ft.lk Affirming its indelible reputation as Sri Lanka’s fastest growing life insurer, Softlogic Life goes beyond borders with the introduction of a powerful new USD savings life insurance solution, ‘Dollar Saver’ that will be offered to Sri Lankans working and living overseas. Setting yet another benchmark in the country’s highly competitive insurance sector, the two-year savings plan enables Sri Lankans residing overseas to enjoy a 6.5% guaranteed annual return on their savings in dollars, while also benefiting from a life insurance cover equal to the maturity benefit. Softlogic Life’s Dollar Saver makes its mark in Sri Lanka as a first of its kind solution offered by a life insurance company within the nation. The product will be offered in full accordance with Sri Lanka’s Forex Regulations.  Dollar Saver was launched in a virtual setting signifying the tech-based approach that ...

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