China Unicom Beijing and Huawei held an event, “5G Capital on the Way – Lighting Up Beijing with 5G-Advanced,” to announce their deployment of the world’s first large-scale integrated 5G-Advanced intelligent network. The network supports a world-leading 5G-Advanced smart commercial complex, with high- and low-band integrated networking, at the Workers’ Stadium. Furthermore, a benchmark was…
In an exciting initiative to bolster Sri Lanka’s tourism industry, the Sri Lanka Tourism Promotion Bureau (SLTPB) is set to host four prominent Australian-based social media influencers this December. The campaign aims to capture the allure of Sri Lanka through the eyes of these digital content creators, whose combined reach spans millions of followers across…
The All Island Dairy Association extended its heartfelt congratulations to the new NPP government for winning both recent elections and in particular welcomes the newly appointed Minister of Agriculture, Livestock development, Land & Irrigation – K.D Lal Kantha – while pledging their full support to him. AIDA serves as the central forum for consensus building…
The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has decreased to -2.1% in November 2024, compared to -0.8% in October 2024, according to the latest data released by the Department of Census and Statistics. The CCPI for all items for the month of November 2024 was 189.4 and…
People’s Bank, Sri Lanka’s leading financial services provider, announced its financial results for the nine months period ended September 30, 2024. The Bank reported total consolidated operating income of LKR 75.4 billion and post-tax profit of LKR 6.4 billion. Excluding the impact of exceptional adjustments in view of greater prudence, considering the yet to be…
On 28 November, Global apparel-tech conglomerate MAS and the United Nations Population Fund (UNFPA) signed a Memorandum of Understanding (MOU). This partnership marks the beginning of a year-long collaboration aimed at supporting women’s health and reproductive health. The MOU consolidated a shared vision between MAS and UNFPA to increase investment into women’s health and wellbeing….
A high-level business delegation from the Southern Gujarat Chamber of Commerce and Industry (SGCCI) recently visited the Ceylon Chamber of Commerce to strengthen the existing collaboration between the two Chambers thereby facilitating trade and investment ties between India and Sri Lanka. During the visit, which was facilitated by the Consulate General for Sri Lanka in…
The Colombo Stock Exchange (CSE) has warned five companies of impending trading suspensions due to regulatory non-compliance. ODEL PLC, Softlogic Capital PLC, Standard Capital PLC, Softlogic Holdings PLC, and Blue Diamonds Jewellery Worldwide PLC have until December 6, 2024, to submit their overdue annual reports for the financial year ending March 31, 2024. Failure to…
Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction) rebounded in October 2024, recording a Total Activity Index value of 54.3. Many respondents mentioned that the operations in construction projects regained momentum in October, following the resolution of election-related uncertainties. New Orders index continued to increase, reflecting the sustained availability of construction work. Many…
By Jithendra Antonio Amidst the sweeping wave of digital transformation, Sri Lanka stands at a consequential inflection point. While government decisions often rely on experience and tradition, the power of data can unlock solutions grounded in real-time evidence, directly addressing the needs of the people. Data-driven governance has proven transformative globally streamlining services, tackling corruption,…
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