Huawei announced that it was back in business with Google’s Android Q, Bluetooth, SD Association and the Wi-Fi Alliance In light of the U.S. trade ban, Huawei was left in the dust by numerous software companies and service providers. Since the release of the trade blacklist by the Trump administration on May 16, Huawei Technologies…
Will Improve Access to Blood, Vaccines and Life Saving Medicine While Sri Lanka healthcare is renowned to be one of the best in the region, the recent Easter Sunday attacks highlighted a major gap in need of urgent attention – emergency delivery of lifesaving medicine to people in dire need of help. The unprecedented simultaneous…
The Batticaloa factory of leading Sri Lankan apparel solutions provider, Brandix, is the world’s first apparel manufacturing facility to achieve ‘Net Zero Carbon’ certification. This signifies that the Brandix factory in Batticaloa has completely neutralized its environmental impact through carbon dioxide emissions by being highly energy efficient and using on-site renewable energy resources. The…
Reuters – Sri Lankan shares fell for a third straight session on Tuesday and closed at their lowest in more than two weeks in dull trade, while the rupee ended slightly lower, market sources said. ** On Friday, the central bank cut its key interest rates to support its faltering economy as overall business and…
Business Sentiment – The Index Continues to Tumble On 13 May, the IMF Executive Board announced the completion of the fifth review under Sri Lanka’s extended arrangement for the Extended Fund Facility (EFF). And it granted waivers of nonobservance of performance criteria, approval of a US$ 164.1 million disbursement and an extension of the arrangement….
Melstacorp PLC has 9.8% stake of JKH as 31st March 2019, being the 3rd largest shareholder Sri Lanka’s one of the oldest-richest men and a Billionaire turned Liquor and Dairy Baron Harry Jayawardena, has increased his shareholding in Colombo Stock Exchange’s (CSE) leading listed Blue Chip in Sri Lanka – John Keells Holdings (JKH) to nearly…
The Central Bank of Sri Lanka recently announced that they are currently looking at other avenues to invest the funds of the Employees’ Provident Fund (EPF) as the opportunities to invest in the government security market diminish. According to the Central Bank the EPF which stood at Rs.2 trillion, grows at a rate of Rs.300…
Women in Management (WIM), in partnership with IFC, a member of the World Bank Group, has launched, and is inviting nominations for, the ‘Top 50’ Professional and Career Women Awards 2019. Now in its ninth year, these annual awards recognize Sri Lankan women who excel in their careers, businesses and everyday life, while inspiring others….
The Karadiyana Waste Management Project was held up for nearly a year due to delays in signing the Standardized Power Purchase Agreement (SPPA). With the signing of the SPPA, Fairway Waste Management has moved expeditiously to recommence construction given the criticality of the current waste disposal situation at Karadiyana, where the waste is land filled….
Reuters – Sri Lankan shares ended weaker on Monday, falling for the second straight session in dull trade as the market shrugged off a widely expected rate cut by the central bank while the rupee closed steady, market sources said. ** On Friday the central bank cut its key interest rates to support its faltering…
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