Billionaire hedge fund manager George Soros slammed Facebook (FB) and Google (GOOGL), two companies he’s invested in recently, noting that “the rise and monopolistic behavior” of tech platform companies has become a “global problem.” Speaking at the World Economic Forum in Davos, Switzerland, Soros, called out Facebook and Google for “exploiting” social environments and causing…
Reuters – Sri Lankan shares rose on Thursday for a second straight session, helped by gains in telecom and banking shares, with foreign investor purchases in Commercial Bank of Ceylon Plc boosting sentiment and turnover, dealers said. The Colombo Stock index ended 0.12 percent firmer at 6,448.21. Shares in Dialog Axiata Plc rose 2.3 percent,…
A group of representatives of the Japanese Chamber of Commerce and Industry (JCCI) Economic Mission, who visited Sri Lanka to explore new business and investment opportunities, met with President Maithripala Sirisena at the President’s Official Residence, in Colombo today (25). Representing the Japanese Chamber of Commerce and Industry a group of 77 members joined in…
Sri Lanka, seeking employment opportunities in Qatar for skilled workers in different sectors, will hold an employment promotion event today in Doha. The “Employment Promotion in Qatar”, organized by Embassy of Sri Lanka in collaboration with Qatar Chamber will be held at the Sheraton Grand Doha Resort and Convention Hotel on Thursday. The event, being…
The Sri Lanka tea industry has fared better 2017 with total crop increase of 5 percent from 292m/kg in 2016 to 307m/kg in 2017 despite the many setbacks, including a temporarily ban on tea exports to Russia, Minister Navin Dissanayake said. Speaking at an annual review of the Tea Board, the Minister of Plantation Industries…
Reuters – Sri Lankan shares rose on Wednesday after two straight sessions of decline, helped by gains in Ceylon Tobacco Co on foreign investor buying. But turnover was low due to lower participation of local retail and institutional investors, dealers said. The Colombo Stock index ended 0.35 percent firmer at 6,440.77. Shares in Ceylon Tobacco…
Visiting Indonesian President Joko Widodo and President Maithripala Sirisena both acknowledged the need to harness the untapped potential, which exists in the bilateral economic sphere and emphasized the need for the early establishment of the Joint Working Group on Trade and Investment between the two countries. The joint press statement between Sri Lanka and Indonesia…
Lanka Bell, Sri Lanka’s iconic telecom operator has achieved a significant milestone of reaching 50,000+ households and businesses with its fourth-generation LTE internet connectivity; Bell4G. Within a short period of time Bell4G has raised the bar from serving 15,000 to 50,000+ customers, swiftly gaining ground as the preferred choice for 4G technology users islandwide. With…
Aaron Russell-Davison, a veteran Banker with over 20 years of experience, has been appointed to the Board of Directors of Amana Bank in the capacity of an Independent Non-Executive Director. Russell-Davison’s experience across banking and financial institutions includes capital markets, bond and loan syndication, sales, trading, portfolio management and brokerage, amongst other senior banking positions…
Imtiaz Iqbal, a well versed and experienced banker, has joined Amãna Bank as its Vice President Operations. Prior to joining Amãna Bank, Imtiaz had established a well-rounded banking career at HSBC Sri Lanka holding various posts since 1998. He culminated his illustrative career at HSBC as the Chief Operating Officer – Retail Banking and Wealth…
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