Combined Strengths to deliver superior experience to customers and improve returns to shareholders. Dialog Axiata PLC (“Dialog”), Axiata Group Berhad (“Axiata”) and Bharti Airtel Limited (“Bharti Airtel”) (collectively “the Parties”), signed a Definitive Agreement to combine their operations in Sri Lanka. Under this agreement, Dialog will acquire 100% of the issued shares in Airtel Lanka,…
Hunas Holdings PLC, a leading player in the investment and hospitality sector, recently announced a strategic partnership with BCC Corporation Japan, a renowned innovator in technology, hospitality and real estate solutions. Together, they are introducing a groundbreaking advancement poised to transform the way hotel accommodations are booked and managed. The collaboration introduces an innovative platform,…
Reuters – The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday. “We hope an agreement consistent with the parameters of the IMF-supported program and official creditors’ Comparability of Treatment requirements…
Sri Lanka Insurance Life Records a Rs. 21 billion GWP and Sri Lanka Insurance General records a 23.1 billion GWP An exceptional payout totaling Rs. 27.6 billion for Claims and Maturity, averaging Rs. 2.3 billion per month Sri Lanka Insurance Life Limited and Sri Lanka Insurance General Limited well poised to embark on a new…
Bloomberg – Sri Lanka may reach a deal with investors to restructure its $12 billion in defaulted global bonds by mid-May, according to strategists at Standard Chartered. The South Asian nation has been hoping to reach a deal in the next few weeks, though the first round of direct talks with dollar bondholders failed to…
Governor of the Central Bank, Dr. Nandalal Weerasinghe participated in the High-Level Roundtable of the Sustainable Banking and Financing Network (SBFN) of the International Finance Corporation (IFC) Tuesday (16) in Washington DC, USA. At the roundtable discussion, the Governor presented the progress made by Sri Lanka in furthering sustainable financing initiative amidst multiple challenges. Further,…
In line with its mandate to significantly uplift the standards of the human resources (HR) profession in Sri Lanka, the Association of Human Resource Professionals (AHRP) will host its 6th Human Resources Think Tank (HRTT) under the theme of ‘HR Capabilities for Business Excellence’. The event will take place on 22nd April 2024 at Cinnamon…
Recent statistics paint a stark picture of alcohol-related challenges facing Sri Lanka, with an alarming 83% of deaths attributed to non-communicable diseases (NCDs). Alcohol consumption emerges as a prominent risk factor for NCDs, exacerbating health costs and contributing to issues such as road accidents and domestic violence. Despite its perceived economic benefits, the economic toll…
Chinese Leader Xi Jinping last week met fellow Chinese Ma Ying-jeou. During the meeting President Xi expressed grief over the loss of lives in the earthquake in Hualien & extended his sympathies to the fellow Chinese affected. He spoke of the 5000 year history of the Great Chinese Empire & the historic bonds between the…
Hatch, the esteemed accelerator/incubator, and Orion City, the foremost IT park, have unveiled an innovative digital platform, signalling a transformative shift in Sri Lanka’s tech ecosystem and business operations. This innovative app is set to streamline access to essential services and facilities across three strategic locations: Hatch Works in Colombo 1, Orion Nest at Orion…
Video Story
