Sri Lanka has maintained its high ranking in human development. But the country’s performance in terms of average annual human development index (HDI) growth rate during 1990-2014 was lower than many other South Asian countries. These findings are among the highlights of the Global Human Development Report (HDR) 2015 released by the UN Development Programme…
Reuters – World stock market losses are approaching $8 trillion so far this year and investors last week poured the most money into government bond funds in a year, suggesting they fear the global economy could tip into recession, Bank of America Merrill Lynch said on Friday. The bank’s U.S. economists also said on Friday…
Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics, decreased to 4.2 per cent in December 2015 from 4.8 per cent in November 2015, on an year-on-year basis. Inflation on an annual average basis in December 2015 was 3.8 per…
Sri Lanka Telecom (SLT), the premier ICT solutions provider launched the country’s National Cloud, “AKAZA”, raising the bar in cloud computing in Sri Lanka. “AKAZA” provides end-to-end cloud computing services enabling business organisations with enhanced agility, quick service delivery and cost efficiencies while providing maximum ROI as well as improved scalability. AKAZA’s technology typically integrates…
Colombo bourse spun around sharply today as it posted gains for the second time in the New Year, gaining 88.53 index points (+1.41%) in the All Share Price index, to close at 6,349.71. S&P SL20 index closed at 3,293.49, advancing by 52.41 index points or +1.62%. Today marked the highest intraday gain in almost a…
Sri Lankan tea exporters received much needed encouragement and Ministerial level assurance to resolve their travails –and with the involvement of a broad range of stakeholders in future, on 19 January. At a special meeting with the exporters at EDB, State Minister of International Trade Sujeewa Senasinghe came forward to assist the tea exporters to…
Back for the sixth consecutive year, SLASSCOM’s People Summit 2016 aims to kick off your year by providing leaders at all levels with pioneering talent management insights and perspectives from renowned global leaders, as well as a prime networking and experience sharing opportunity. The event will take place on the 27th of January 2016 at…
In the wake of last weekend’s lifting of economic sanctions on Iran, the first ever official delegation to Sri Lanka from the post-sanctions Iran will land in Colombo as early as February 23 to start crucial joint trade talks-and Iran now looks forward to re-commence petroleum and petrochemical sales to Sri Lanka while also opening…
Microsoft Corp. CEO Satya Nadella announced the donation of $1 billion of Microsoft Cloud Services, as a three-part initiative measured at fair market value, to serve nonprofits and university researchers over the next three years. The commitment focuses on ensuring the cloud can serve the public good by providing additional cloud resources to nonprofits, increasing…
Several global investors who met Prime Minister Ranil Wickremesinghe on the sidelines of the World Economic Forum being held at Davos in Switzerland have shown their willingness to invest in Sri Lanka. Prime Minister Ranil Wickremesinghe held discussions with Eric Rondolat, Chief Executive Officer of Philips Lighting Solutions in the Netherlands, head of TATA Companies…
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