5G’s economic potential at risk as countries diverge on critical 6 GHz spectrum The global future of 5G is at risk if governments fail to align on licensing 6 GHz spectrum, the GSMA said today. The full speed and capabilities of 5G depend on the 6 GHz mid-band spectrum. Yet governments are already diverging: China…
Chrissworld Limited (CWL-N-0000) rang the market opening bell today to commence trading on the Colombo Stock Exchange (CSE) at the first ever fully Virtual Market Opening Ceremony organized by the CSE. The company listed 30,000,000 Ordinary Voting Shares and has been classified under “Industrials” sector. Chrissworld Limited is the first company to be listed on…
Showcasing its dominant market leadership and brand equity, the Singer Group announced a post-tax-profit of Rs.2.61 billion for FY 2020/21 from Rs.427.27 million achieved in the previous year. The Group also reported a profit-before-tax of Rs. 3.82 billion, a six-fold increase, compared to 2020/21. Singer Group’s revenue increased by 23% to Rs.67.41 billion, reflecting a…
Advocata Institute submitted a letter to all members of Parliament on Monday 3rd of May, on the proposed Colombo Port City Economic Commission bill. The letter addressed to all MPs, highlighting the potential opportunity the Port City project presents and observations on how to maximize the economic opportunities. The full letter can be read on www.advocata.org….
Sri Lanka Tourism continues to grab news headlines around the world. In the latest global coverage, BBC’s ‘The CEO Edit’ interviewed Sri Lanka Tourism Chairperson Kimarli Fernando in early April on the island’s strategy for post-Covid tourism and how the destination is gearing up for the new normal. Ms.Fernando emphasized that with the important role…
His Excellency Gotabaya Rajapaksa, President of Sri Lanka will inaugurate the Sri Lanka Investment Forum (SLIF) 2021. His Excellency the President, in inviting global investors to participate in “Sri Lanka’s Growth Decade”, stated that “Sri Lanka is looking to unleash a decade of growth to rapidly increase its GDP, taking advantage of its inherent strengths…
Ambassador Dr. Palitha Kohona, attended the 5th Silk Road International Expo and China East-West Cooperation and Investment and Trade Fair in Xi’an, Shaanxi Province on 12 May 2021. Dr. Kohona was invited to attend the opening ceremony as a special guest. The opening ceremony was hosted by the Governor of Shaanxi Province Zhao Yide. Dr. Kohona…
Sri Lanka High Commission in South Africa initiated a new series of B2B meetings in collaboration with the Department of Commerce and the Exports Development Board of Sri Lanka to find new opportunities for the Sri Lankan exporters in the new normal post-Covid situation. Minara Chamber of Commerce in Durban, South Africa joined hands with…
Forum says next annual meeting to take place in 1st half of 2022, although precise venue, date yet to be decided The World Economic Forum (WEF) announced on Monday that its special annual meeting in Singapore, which was scheduled for August, would be canceled due to the uncertainty surrounding the COVID-19 pandemic. The forum said…
The Hambantota International Port has seen a significant increase in their RORO figures during the first 4 months of 2021, compared to the corresponding period last year. The first 4 months of this year saw 193,690 vehicles come into the port for transshipment as against 118,872 vehicles during the same period last year. 62,736 vehicles…
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