Last Updated : 2021-01-23 09:27:00
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Sat, 23 Jan 2021 Today's Paper
1 hours ago - 0 - 6
Making its mark as the first VMware Cloud Provider in Sri Lanka, Dialog Enterprise, the corporate solutions arm of Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, dons the prestigious Cloud Verified badge joining an elite group of 235 providers worldwide. On this milestone announcement, Dialog Enterprise will be delivering a full set of interoperable VMware Cloud infrastructure capabilities as-a-service to its enterprise customers.
8 hours ago - 0 - 5
Turnover tops Rs.12.8bn amid highest number of trades carried out in a single day The Colombo Stock Exchange’s (CSE) phenomenal ascent continued yesterday also, renewing records set just the previous day and market turnover hitting double-digits.
8 hours ago - 0 - 21
The Central Bank this week said it has received information regarding several types of financial frauds and scams being operated through social media, Internet-based applications and mobile payment applications.
8 hours ago - 0 - 26
The United States remains a “beacon of technology” to be emulated and China’s Huawei Technology should consider cutting products in the wake of U.S. actions against it, the Chinese firm’s founder Ren Zhengfei said in remarks made public yesterday.
8 hours ago - 0 - 20
Alphabet Inc is shutting down Loon after concluding the business, which offers balloons as an alternative to cell towers, is not commercially viable, Google’s parent company said on Thursday.
8 hours ago - 0 - 23
As Sri Lanka opened its borders for international travel on Thursday, the first tourism trade delegation from Germany arrived at Bandaranaike International Airport (BIA) yesterday, at 1:40 a.m., for an Ayurvedic holiday in Sri Lanka.
Airtel Lanka may seek either a merger or an acquisition with a larger counterpart, as the telco company will continue to be mired in intense competition while it will be required to spend heavily on network expansion and new generation of technologies.
8 hours ago - 0 - 16
Expressing the unanimous and unreserved condemnation of all 21 Regional Plantation Companies (RPCs), the Planters’ Association of Ceylon (PA) issued a statement decrying the shocking violence instigated by Member of Parliament (MP) M. Rameshwaran, at Park Estate in Kandapola, on January 17, 2021.
22 Jan 2021 - 0 - 32
Logicare Private Limited, leading logistics solutions provider, announces the launch of its new service, LogiNext, a last mile delivery platform
22 Jan 2021 - 0 - 22
In its continued efforts of supporting the nation’s fight against the COVID-19 pandemic, Dialog Enterprise, the corporate solutions arm of Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, is powering VDOmeet a video calling platform which enables enterprises to service their customers via a video consultation.
22 Jan 2021 - 0 - 71
High levels of inequality impede sustainable growth and development of a country. Sri Lanka made impressive strides to reach an upper-middle-income country (UMIC) status in July 2019, only to slip back a year later. The COVID-19 crisis, amid growing inequities, is likely to make the task of regaining the UMIC status even harder.
22 Jan 2021 - 0 - 20
Sri Lanka’s stocks yesterday hit fresh highs with benchmark All Share Price Index (ASPI) crossing the 8,000-point mark for first time in Colombo Stock Exchange’s (CSE) 35-year history amid more than dozen Hayleys group companies announcing share splits.
22 Jan 2021 - 0 - 220
The Central Bank this week said they believe deposit rates, which plunged in 2020, have now bottomed-out, in a potential assurance to those live on interest on bank deposits.
22 Jan 2021 - 0 - 194
British-born financier and a member of Rothschild family, Nathaniel Rothschild said his recent visit to Sri Lanka was to explore the country’s suitability as a manufacturing location for electronics, while calling the island nation “a true gem with a great future.”
22 Jan 2021 - 0 - 47
Sri Lanka’s countrywide headline inflation as measured by the year-on-year (YoY) change in the National Consumer Price Index (NCPI) decreased to 4.6 percent in December 2020 from 5.2 percent in November 2020.
22 Jan 2021 - 0 - 60
The members of the Employees’ Provident Fund (EPF) have received approximately 9.0 percent return on their balances in 2020 after receiving 9.5 percent in 2019, as the Central Bank vowed to maintain an attractive return for the incumbent year as well.
22 Jan 2021 - 0 - 101
Cinnamon Bentota Beach, a property of Cinnamon Hotels & Resorts, welcomed guests yesterday, becoming the first hotel in Sri Lanka to welcome a group of tourists, with the opening of the Bandaranaike International Airport.
22 Jan 2021 - 0 - 57
First Capital Holdings PLC yesterday revealed plans to raise up to Rs.2 billion via a listed debt issue.
22 Jan 2021 - 0 - 68
Sri Lanka yesterday reopened its doors to international travellers for the first time since the pandemic struck, and the tourism sector is hopeful that with the kick start, it will be able to make a double-digit percentage contribution to the national gross domestic product (GDP) in the near future.
21 Jan 2021 - 0 - 291
21 Jan 2021 - 0 - 184
The motivation for Special Economic Zones, also commonly referred to as SEZs, stems from an innovative idea: to overcome distortions in policy and infrastructure constraints in domestic economies.
21 Jan 2021 - 0 - 53
Sri Lanka has recorded an income of US $ 9.9 billion from merchandise exports in 2020, surpassing the US $ 9.5 billion new target set in the middle of the year, after the pandemic crippled trade flows, forcing the authorities to revise down the US $ 13.5 billion target set at the beginning of the year.
21 Jan 2021 - 0 - 136
Sri Lanka’s vehicle registrations recorded a slight recovery in December 2020, compared to the previous month, as the Motor Traffic Department reopened in the month, following its closure in November, with the outbreak of the second wave of COVID-19 in the country.
21 Jan 2021 - 0 - 105
The latest in a string of measures by the Monetary Board to ensure that the banks operate with adequate liquidity and capital, the Central Bank (CB) this week issued fresh guidelines suspending any cash dividend payouts or profit repatriations for 2020, until the annual accounts are finalised and audited.
21 Jan 2021 - 0 - 63
The Labour Ministry wants the Health Ministry to consider relaxing certain health guidelines to expedite the repatriation of Sri Lankan migrant workers living abroad.
21 Jan 2021 - 0 - 145
Sri Lanka’s foreign reserve buffers have improved by US $ 200 million during December to end the year with a total reserve position of US $ 5.7 billion, a safe level compared to all the headwinds during 2020.
21 Jan 2021 - 0 - 89
Despite the endless attempts to portray that the government was losing money from the income tax cut granted at the beginning of 2020, the government collected significantly more tax income from corporate income taxes in 2020, reinforcing the fact that the lower tax rates generate more income to the government than claimed otherwise.
21 Jan 2021 - 0 - 192
Sri Lanka presents a unique contrarian investment opportunity for global investors to diversify their risk exposure this year, despite the rating downgrades by global credit rating agencies, which were based on their standard financial models, according to the latest Economic and Market Outlook report of the Colombo-based Ceylon Asset Management (CAM).
20 Jan 2021 - 0 - 494
20 Jan 2021 - 0 - 35
While deciding to keep policy rates unchanged at the maiden policy meeting held for this year on Monday, the Monetary Board of the Central Bank yesterday announced the introduction of lending targets for small business to accelerate the money flow into the productive economy.
8 hours ago
