Research shows growing confidence among consumers and business leaders that robots handle finance tasks better than people 2020 has changed our relationship with money and people now trust robots more than themselves to manage their finances, according to a new study by Oracle and personal finance expert Farnoosh Torabi. The study of more than 9,000…
The Silk Road Journal – By Mahika Ming The world’s first locomotive prototype using high-temperature superconducting magnetic levitation technology (HTS Maglev) was unveiled in Chengdu city in Sichuan Province. This prototype has been developed and constructed as a joint venture of the Southwest Jiaotong University, China Railway Group and CRRC Corporation. It will be the…
Sentiment in corporate circles reverses course as hope returns to business With the novel coronavirus persisting for nearly a year, economies the world over are looking for some form of relief courtesy of vaccines that aim to help stem the spread of COVID-19, which has reared its head once again – even in nations that…
The government’s inability to contain the spread of the pandemic and the resulting loss of confidence in the capability of their delivery has eroded the high expectations generated after the convincing win by the SLPP at the general election to cement the win at the presidential election. Perceived economic opportunity is very low. Methodology The…
Low rates and higher market liquidity to support growth Factor in ~1.5 bn in FDIs in 2021; driven by greater focus on public-private partnerships, manufacturing sector, and investments into Colombo International Financial City Leading stockbroking firm Asia Securities (Pvt) Ltd., maintained that all signs point to a strong GDP growth trajectory in 2021. The latest…
By Forbes and Walker Tea Brokers Overview 2020 will no doubt go down in history as one of the most challenging years with the Covid-19 pandemic changing the world in many ways. The Sri Lankan tea industry was no exception as its world-famous outcry system of auctioning tea having a 137-year-old history was changed to…
Business sentiment continues its downward trajectory as the year draws to a close Following a gruelling nine months for business in general and tourism in particular, the authorities finally announced that Sri Lanka would resume selected international flights beginning from 26 December with a blueprint also being drawn up to revive the hard hit tourism…
“The Beijing Swift” – By Prof. Samitha Hettige Indonesia is the world’s most populated Islamic nation. It has approx. 14,000 small islands in its territory. 700 years ago, Chinese Admiral Zheng He stopped over in Java, Indonesia many times during his famous voyages. The ancient Silk Road contributed to economic development of the main islands…
Uber Eats is now a household name, with most of us having ordered our favourite food through the platform at some point. As the app completes two years in Sri Lanka, Ada Derana Biz caught up with Bhavna Dadlani, Lead, Uber Eats Sri Lanka to discuss the journey, the learnings, and the organisation’s future plans….
By Imesha Dissanayake The sandbox concept evolved from the children’s learning game, vindicating the old “test and learn” approach to foster innovation. According to the UK Financial Conduct Authority (FCA), sandboxes are a safe space in which individuals can test innovative products, services, business models, and delivery mechanisms in a controlled environment. There are many…
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