Malaysia’s Axiata Group and India’s Bharti Airtel are discussing merging their operations in Sri Lanka to create a company serving half the country’s 25 million mobile connections. Dialog Axiata, the market leader with 10.5 million connections and 41 per cent share, reportedly approached authorities last week about a possible takeover of Airtel Lanka, which has…
Marking a significant step in its bid to establish a Central Counter Party (CCP), the CSE issued a Request for Information (RFI) inviting potential suppliers to present information with relation to the supply, implementation and support for a Central Counterparty Institution. Engaging potential suppliers and offering the opportunity for a long-term partnership is a key…
The winners of the recently concluded joint competition for SriLankan Airlines FlySmiLes and Dialog Star Points members, was announced at a function at the Dialog Iconic Store premises. The competition was organised to encourage Dialog subscribers to enjoy FlySmiLes frequent flyer benefits offered by the national carrier. The 5 lucky winners walked away with return…
Congress recently approved an increase on the fee for certain H1-B and L-I visas. Here’s how that could affect India’s IT services sector. India’s already-squeezed IT services sector is likely to take a further hit as new and impending rule changes in its biggest markets add another level of uncertainty to a situation rife with…
Pelwatte Dairy Industries Ltd, a leading manufacturer of locally produced dairy products has been supporting a multitude of local dairy farmers for many years. Locally produced full cream milk powder, butter, a variety of yoghurt and ice cream are among the list of products produced at Pelwatte Dairy’s ISO 22000: 2005 world food safety certified…
~ Dedicated home loans centre for customer convenience Nations Trust Bank (NTB) today launched their ultra-modern ‘Nation’s Home Centre’ in a move that is expected to make a significant impact on convenience to the home loans consumer. Given the recent surge in uptake of housing loans, the one-stop shop, Nations Home Centre will considerably streamline…
Reuters – Feb 10 Sri Lankan shares edged down for the third straight session on Wednesday, with turnover slumping to a 23-month low, as investors stayed off risky assets on concerns over rising domestic interest rates. Shares moved in line with regional peers which fell on worries over the health of global banks, particularly in…
Sri Lanka’s twin insurance giants, Ceylinco General Insurance Ltd and Ceylinco Life Insurance Ltd, announced excellent results for the year ended 31st December 2015, recording yet another remarkable year. Mr Ajith Gunawardena, Jt. Managing Director / Chief Executive Officer of Ceylinco Insurance PLC, announcing the results of Ceylinco General Insurance Ltd, said that: “during 2015,…
The Ceylon Chamber of Commerce in collaboration with the Inland Revenue Department will hold a seminar to discuss the ‘Benefits of RAMIS for Business’ on the 18th of February, 2016, the first private sector forum on the new system to pay and collect taxes online, launched by the IRD recently. The seminar, to be held…
SAARC Energy Regulators, a movement of energy regulators representing all SAARC member countries, held its second meeting on 8th Monday 2016 at the Hilton Hotel, Colombo Sri Lanka with the participation of India, Bangladesh, Bhutan, Maldives, Nepal, Afghanistan, Pakistan and Sri Lanka. The Director, SAARC Secretariat, Ali Haider Altaf opened the Second Meeting of the…
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