Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, and Telin, the international arm of Telkom Indonesia, have signed a new Master Service Agreement (MSA) whereby Telin will exclusively provide Managed Services for international A2P SMS traffic and international voice termination traffic to Dialog. This agreement aims to monetize international traffic while extending unparalleled convenience, enhanced security, global…
Reuters – AirAsia is among six bidders for Sri Lanka’s state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises under a $2.9 billion International Monetary Fund (IMF) programme. AirAsia Consulting has submitted a request for qualification from potential investors for the acquisition of shares in SriLankan Airlines Limited,…
Headline inflation as measured by the yearon-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2021=100) decreased to 2.5 per cent in March 2024 from 5.1 per cent in February 2024. This was mainly driven by the monthly decrease in prices of items in the Non-food category. Accordingly, Food inflation (Y-o-Y) remained unchanged at…
Chongqing Airlines recently announced a new international route from Chongqing to Colombo and Male starting June 24, marking its first use of the fifth freedom of the air. The fifth freedom of the air, also known as third-country transportation rights, allows an airline to transport paying passengers between foreign nations as part of flights originating…
Reuters – Malaysia plans to build Southeast Asia’s largest integrated circuit design park and will offer incentives including tax breaks, subsidies and visa exemption fees to attract global tech companies and investors, the government said on Monday. Malaysia is aiming to turn Kuala Lumpur into a regional digital hub, with the goal of being among…
State of the Budget Report estimates 14% shortfall in revenue against budget projection Sri Lanka is projected to fall short of its budget target on revenue to GDP (gross domestic product) for the 33rd consecutive year in 2024, according to the recently released ‘State of the Budget Report 2024’. The State of the Budget Report…
The Ambassador for France in Sri Lanka, Jean-Francois Pactet visited the Hambantota International Port (HIP) recently, for a tour of the port and to explore possible business opportunities for French companies. Tissa Wickremasinghe, COO of HIPG met with the embassy delegates, and at a discussion with the Ambassador, outlined the port’s 5 core areas of…
In an effort to support young entrepreneurs in agriculture, the Sri Lanka Agripreneurs’ Forum (SLAF), a prominent agricultural business association in Sri Lanka, is collaborating with the United States Agency for International Development (USAID) to organize the Agcelerator Bootcamp. The Agcelerator Bootcamp, hosted by SLAF and supported by USAID Catalyze Sri Lanka Private Sector Development…
While SL was still a British colony legendary Sri Lankan Engineer T.S. Jinasena (of Jinasena Engineering est. 1905) assembled the first ever racing car in SL (The Magpie) & became the first Sri Lankan to set a record at the ‘Mahagasthota’ Hill Climb (1939). With support from his sons Nihal, Rohan, Ranjith & Tissa he…
Fitch Ratings – Positive US data in 1Q24 have helped to improve Fitch Ratings’ full-year global economic outlook, but have also raised the prospects of a ‘no-landing’ scenario and heightened interest rate uncertainty. In addition, key risks to global credit from commercial property, geopolitics and China’s real estate market remain, which we highlight in a…
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