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CBSL adopts further policy measures to strengthen macroeconomic stability

Economic activity is expected to record a gradual recovery following a temporary setback As per the data released by the Department of Census and Statistics, domestic economic activity that was disrupted with the outbreak of the third wave of the COVID-19 pandemic and related mitigative measures is estimated to have contracted by 1.5 per cent,…

(0)Comments | January 20, 2022 7:47 am

Nearly 90,000 visit Port City Colombo within a week

Marina Promenade, the latest must-see sight Nearly 90,000 visitors flocked to the Port City Marina Promenade since its opening on January 10, making it the latest must-see sight in Colombo. As crowds draw to the new landscape, queues were seen forming outside the gates open from the Galle Face side, displaying great enthusiasm from the…

(0)Comments | January 19, 2022 5:29 pm

International airlines suspend some US flights over 5G uncertainty

CNN Business – Major international airlines are scrambling to modify or cancel flights to the United States amid uncertainty about potential interference between new 5G cell phone services and critical airplane technologies. Emirates, Air India, All Nippon Airways, Japan Airlines and Lufthansa all announced service cuts citing the issue. Emirates said it would suspend flights into nine US…

(0)Comments | January 19, 2022 5:01 pm

Women in Management, IFC and Government of Australia recognise inspiring women from Sri Lanka and Maldives in ‘Top50’ Professional and Career Women Awards 2021

The ‘Top50’ Professional and Career Women Awards 2021 – hosted by Women in Management (WIM), in collaboration with Women in Work, a partnership between IFC and the government of Australia – recently honoured inspiring professional and career women in Sri Lanka and Maldives making a mark in their respective fields. The 11th edition of the…

(0)Comments | January 19, 2022 1:48 pm

Ratmalana Airport is to commence regional and international flights from 29th of this month almost half a century later from its inception

State Minister of Aviation and Export Zones Development, D.V. Chanaka State Minister of Aviation and Export Zones Development, D.V. Chanaka said that International flights would commence from Colombo International Airport, Ratmalana from the 29th of this month. In particular, flights from South India, Male and Bangladesh via India to Ratmalana will be based in Ratmalana…

(0)Comments | January 19, 2022 12:17 pm

Leading German importer urges Sri Lankan agri-product exporters to practice superior packaging to capture European markets

Jan Paul Bethke, a leading German importer of Sri Lankan fruits and tea, urged Sri Lankan agri-product exporters to practice effective and superior packaging if they are to be successful in terms of capturing markets in Europe. “If you package your product well, include a QR code (incorporating extensive details such as the farmer who…

(0)Comments | January 19, 2022 11:20 am

Microsoft to buy video game maker Activision Blizzard for $75bn

Tech group looks to expand reach in gaming world with its biggest-ever acquisition Microsoft has agreed to buy video game maker Activision Blizzard for $75bn in the biggest-ever deal by the tech company. Under the terms of the all-cash deal, Microsoft will pay shareholders of the company behind Call of Duty and World of Warcraft…

(0)Comments | January 19, 2022 11:08 am

China fights famine, ants collect food when it is sunny, what about Sri Lanka?

The Silk Road Journal by Mahika Ming The Producer Price Index (PPI), reflecting the cost of goods at the factory gate, rose by 10.3% in December YoY (Ref. Chinese NBS). Bloomberg’s prediction was 11.3% growth while Reuters was 11.1% but the Chinese authorities managed to keep it lower than the western prediction. Chinese authorities adopted…

(0)Comments | January 19, 2022 10:52 am

Sri Lanka cenbank may raise rates as inflation pressure builds

COLOMBO, Jan 18 (Reuters) – The Central Bank of Sri Lanka (CBSL) is likely to raise interest rates at its first policy announcement in 2022 to tackle growing price pressures, manage external challenges and reduce pressure on the rupee, economists and analysts said. The median estimate in a Reuters poll of 13 economists predicted the…

(0)Comments | January 18, 2022 5:23 pm

SLT-MOBITEL and ZTE sign historic MOU to collaborate for local device manufacturing and Talent Development

To unlock the potential of Sri Lanka’s digital economy and leverage advanced technologies, SLT-MOBITEL, the National ICT Solutions Provider signed a historic Memorandum of Understanding (MOU) with ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions to collaborate on manufacturing devices on a local scale. The MOU was signed by Lalith…

(0)Comments | January 18, 2022 2:08 pm

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