Huawei, a leading global information and communications technology solution provider recently said that the company is committed to work towards South Asia’s and Sri Lanka’s ICT enablement from 2019 to 2021, focusing on Digital Transformation of Sri Lanka’s economy and cultivating ICT talent, the Chief Executive Officer (CEO) of Huawei Technologies Lanka Shunli Wang said….
Reuters – Sri Lanka’s share index ended little changed on Monday, hovering near its 5-1/2-year low, as investors awaited direction from the third and final vote on the 2019 budget, market sources said. ** Parliament last week passed the second reading of the 2019 budget that raises spending while setting an ambitious goal to reduce…
New York (CNN Business) Germany’s two biggest banks are discussing a merger that could result in a national champion capable of competing with Wall Street. Deutsche Bank, Germany’s largest lender by far, confirmed Sunday that it was holding merger talks with Commerzbank. The German government holds a 15% stake in Commerzbank. “In light of arising opportunities, the…
The most important skills needed are quantitative, analytical and digital skills, adaptability and having a continuous learning mindset Microsoft and IDC today announced the results of a survey where more than 1,600 business leaders and over 1,580 workers across 15 markets in Asia Pacific were asked about the impact of artificial intelligence on society,…
The CSE Chairman Mr. Ray Abeywardena who was a Panelist at the 7th Annual Capital Market Conference organized by UTO Educonsult (Pvt) Ltd which was held on the 13th of March, 2019 at the Ramada Hotel airing his views on the plans to develop the Market confirmed that initiatives were under way to hold more…
Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures an expected National Long-Term Rating of ‘A-(lka)(EXP)’. The proposed debentures will total up to LKR3.5 billion, with maturities of five years, and will be listed on the Colombo Stock Exchange. They will qualify as Basel III-compliant regulatory Tier 2…
Experienced Businessman and Accountant, Mr. Ananda Seneviratne recently took on the role as the new Managing Director of Siyapatha Finance PLC. Boasting over 36 years’ worth of experience in the local and international industries, Mr. Seneviratne is a graduate in Business Administration from the University of Sri Jayawardenapura and the holder of a Masters Degree…
Sri Lanka’s current government lead by President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe in coalition that has the Finance Minister as Mangala Samaraweera expects the real Gross Domestic Product (GDP) to grow by 3.5% in 2019, as per the recently released Budget 2019’s forecasts, a report highlights. In the recently released Sri Lanka’s International…
Buoyed by its unprecedented victory in latest global Doing Business ranks, Afghanistan has called to open a direct air corridor with Sri Lanka on 25 March. Kabul also keen on an Investment Protection and Promotion (IPP) pact with Colombo to revive lagging bilateral economic ties. “The Government of Afghanistan launched the Air Corridor two years…
Sri Lanka’s tourism sector earnings rose to US $ 4.38 billion or US $ 4,381 million in 2018, in comparison to US $ 3.92 billion or US $ 3,925 million in 2017, the latest Central Bank data outlined. However the statistics showed that workers remittances declined by 2.1% to $ 7 billion in 2018, whilst…
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