Renowned for its commitment to cutting-edge technology and innovation, Emirates has launched a new strategy called ‘One Device’ leveraging Apple products, whereby all 20,000 Emirates Cabin Crew receive iPhone 13 or iPad Air configured with custom Emirates apps to improve and streamline passenger service onboard, as well as enhancing the overall crew experience. Emirates has already invested more than AED 32…
Fitch Ratings has affirmed the National Insurer Financial Strength (IFS) Ratings of the following insurers and removed them from Rating Watch Negative (RWN). The Outlook is Stable. – Sri Lanka Insurance Corporation Limited (SLIC) at ‘A(lka)’ – Continental Insurance Lanka Limited at ‘A-(lka)’ – HNB Assurance PLC at ‘A-(lka)’ – HNB General Insurance Limited at…
By Dr Nisha Arunatilake Even before the onset of COVID-19, malnutrition stood as a significant driver of multi-dimensional poverty among children in Sri Lanka. Startling data from the Department of Census and Statistics (DCS) in 2019 revealed that one in three children aged 0 to 4 who are multidimensionally poor, are either underweight or stunted….
Economic Policy Choices: From Stabilisation to Growth Sri Lanka has faced a turbulent economic journey in recent years, with 2022 witnessing an unprecedented crisis marked by a staggering 8.7% GDP contraction. The economy slowly but steadily pulled back from the abyss over the course of 2023. Notably, the Sri Lankan rupee has stabilised and even…
Hunas Holdings PLC, a diversified conglomerate with interests in hospitality, tourism, real estate, renewable energy, tea plantations, factories, and broking, has entered into a game-changing strategic partnership. The partnership ushered in a landmark achievement for Hunas Holdings PLC and Sri Lanka, earning it a distinguished mention on the renowned Tokyo Stock Exchange, thanks to its…
Dialog Axiata PLC, the first telecommunications service provider in the South Asian region to demonstrate 5G capabilities in 2018, announced the successful completion of the first-ever trial of the Voice over New Radio (VoNR) service on a Standalone 5G trial network in Sri Lanka. This groundbreaking milestone reinforces Dialog’s commitment to technological innovation and signifies…
Minister of Foreign Affairs of Malaysia Dato’ Seri Diraja Dr. Zambry Abd Kadir undertook an official visit to Sri Lanka from 08 – 12 October 2023. During the visit, the Malaysian Foreign Minister held official discussions with his Sri Lankan counterpart, Foreign Minister Ali Sabry at the Ministry of Foreign Affairs on 09 October 2023…
Key takeaways from IMF/World Bank meetings in Morocco MARRAKECH, Morocco, Oct 16 (Reuters) – The International Monetary Fund and World Bank wrapped up annual meetings in Morocco on Sunday with some progress towards increasing their lending resources but confronting a new economic shock from the Israel-Gaza conflict. Discussions in the tourist hub of Marrakech, not…
Appointed a member of Hayleys Group Management Committee and drives Group ESG strategy and targets Views sustainable business practices as a critical prerequisite in driving long-term shareholder value Group Chief Financial Officer and Head of ESG of the Hayleys Group, Milinda Hewagama was recently appointed to the Board of the United Nations Global Compact Network…
WB pledges continuous technical support to the government and the private sector in shaping the 2030 strategy for a digital Sri Lanka. In a pioneering move to bolster the small and medium-sized enterprise (SME) sector in Sri Lanka, the apex body of the ICT industry, FITIS, has unveiled the “DigiGo” Digital Playbook for SMEs. The…
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