Leading global information and communications technology (ICT) solutions provider, Huawei is confident about the future, and the main goal in 5G era is to increase the adoption of 5G in various industries, company’s founder and Chief Executive Officer (CEO) Ren Zhengfei remarked recently. “Our previous generations of communications networks aimed to connect numerous homes and…
The Silk Road Journal – By Mahika Ming The Peoples Republic of China (PRC) issued a white paper on the country’s international development cooperation in January 2021. The paper focused on strengthening PRC’s transnational network titled “China’s International Development Cooperation in the New Era” was released by the State Council Information Office elaborating on the…
LONDON (Reuters) – Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker’s backing of bitcoin this week could turbo-charge global use of a currency that’s estimated to cause more pollution than a small country every year. Tesla Inc revealed on Monday it had bought $1.5 billion of bitcoin and…
Group profit after tax increased by 25% YoY Group revenue grew by 6% YoY mainly due to the surge in broadband revenue Capex expenditure investment of 14.5 Bn, FY 2020 Direct and indirect taxes including levies totaling Rs. 17.1 Bn was paid to the Government of Sri Lanka (“Government”), FY 2020 Sri Lanka Telecom…
Funded by the United States, Sri Lanka@100 (SL@100) selected its first round of seven high-potential companies to receive cutting-edge business advisory services to accelerate their growth. SL@100, a private sector-led platform focused on the growth of mid-sized firm, will equip the seven companies with skills to optimize operations, increase profitability, and expand markets. “These seven…
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…
Feb 9 (Reuters) – Asian stock markets rose on Tuesday after a record-setting day on Wall Street, while bitcoin paused for breath after an overnight endorsement from Tesla Inc sent the cryptocurrency up 20%. Oil also hit 13-month highs, helped by rising optimism about a return in fuel demand， However, in a sign that positive…
SriLankan Airlines together with the country’s premier meeting, events, and function hosting venue BMICH, have come together to promote MICE tourism in Sri Lanka. This agreement between two pioneers in their respective fields will serve to reinforce the positioning of Sri Lanka as a key MICE destination in the future. Sri Lanka’s premium venue for…
Fitch Ratings Lanka has assigned Sampath Bank PLC’s (AA-(lka)/Stable) proposed LKR6 billion Basel III-compliant subordinated unsecured debentures an expected National Long-Term Rating of ‘A(lka)(EXP)’. The proposed debentures will mature in seven years and will be listed on the Colombo Stock Exchange. The bank expects the proposed subordinated debentures to qualify as Basel III-compliant regulatory Tier…
Sampath Bank PLC entered into a strategic alliance with TRI-ZEN, a premium smart living project being developed in Union Place, Colombo by John Keells Properties in partnership with Indra Traders that shares the Bank’s penchant for innovation. Building on its longstanding relationship with the John Keells Group and Indra Traders, Sampath Bank seeks to partner…
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