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…
Minister of State for Investment Promotion Dilum Amunugama, announced plans to establish a Japan-Sri Lanka Free Trade Zone in the country. He mentioned that the areas of Bingiriya and Iranavila have been selected for this purpose. The minister made this announcement during a news conference at the Presidential Media Centre, held under the theme ‘…
The Ad Hoc Group of Bondholders (the “Group“) of the Republic of Sri Lanka (“Sri Lanka“) has taken note of the progress Sri Lanka has made with its official sector creditors towards reaching an agreement in principle on a debt treatment within the framework of its IMF Programme. Consistent with the Group’s February 3, 2023 statement of financing assurances, and in…
The Colombo Stock Exchange (CSE) conducted a series of virtual workshops and intends to continue more workshops on Regulated Short Selling (RSS) through Stock Borrowing and Lending (SBL), creating awareness on the two features to diverse groups of individuals. The virtual workshops are being conducted in Sinhala, English and Tamil with the intention of reaching…
The International Chamber of Commerce (ICC) is the largest and most representative business organisation which is represented in 170 countries with a corporate membership of 45 million companies. ICC has elected Maria Fernanda Garza from Mexico as the ICC Chair, making her the first woman to hold this position. Her predecessor was Ajay Banga, who…
Bloomberg – Sri Lanka is likely to clinch an agreement in the next several days that would help it tap more funds from the International Monetary Fund even though it’s still trying to firm up negotiations with creditors on debt restructuring. Officials from the South Asian nation and the IMF are close to reaching a…
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