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Among IT decision-makers, 85-pct see urgent shift in focus to consumers’ digital experiences: Report
In a survey of 500 IT decision-makers, 85% agree that there is an urgent shift toward focusing on consumers’ digital experiences. Moreover, 73% of respondents say that the move to focus on the digital experience in their own organization was sudden. The survey was conducted for a new report from WSO2, “Reprogramming the Enterprise: Keeping […]
VIDEO: Bloomberg Surveillance – Will the Fed Trigger a Recession?
The U.S. Central Bank’s decision to implement the steepest rise in interest rates for nearly 30 years will have a ripple effect across the world. In its bid to combat soaring inflation the Federal Reserve’s move is likely to roil the U.S. mortgage industry making an already highly stressful process even more difficult for would-be […]
Newly arrived cranes at HIP to be used for raw material discharge for Lanwa Cement Factory
Two brand new Chinese manufactured cranes will be fitted at berth number 6 of Hambantota International Port (HIP). The shore cranes, shipped by barge from the Port of Zhenjiang in China to HIP, came fully assembled, and took nearly 6 weeks to complete their journey. The cranes built to fit HIP regulations are customised to […]
Steps to decentralize all government services at district and divisional levels: President
President Gotabaya Rajapaksa has stated that there is a timely need to decentralize all public services at the district and divisional levels similar to the work-from-home concept. Department of Registration of Persons, Department of Immigration and Emigration, Department of Motor Traffic and other state institutions can be further decentralized at the district and divisional levels […]
Plans afoot to expedite final stage water supply projects
Plans are afoot to complete the work on large and small scale water supply projects which are in the final stages of construction in order to vest with the public. It was also decided to resolve the issues related to those projects as soon as possible. These were stated at the progress review meeting of […]
Statement from SriLankan Airlines on Flight UL 504
SriLankan Airlines would like to address the reports currently circulating on media about flight UL 504 avoiding a possible mid-air collision with another aircraft. SriLankan Airlines confirms that its pilots operating UL 504, which departed from London to Colombo on 13 June 2022, were able to safely commandeer the flight without an incident. Contrary to […]
Fitch Ratings Raises its Oil and Gas Price Assumptions
Fitch Ratings has increased its oil and gas price assumptions due to trade flows disruptions and redirection and higher post-pandemic demand. Fitch Ratings Content: Our raised oil price assumptions reflect disruptions of established supply channels and growing oil demand. The EU has banned seaborn imports from Russia, so it will have to replace about a […]
Visa introduces P2P to Sri Lanka powering cashless personal payments
Visa Inc. (NYSE: V), has today announced the launch of Person to Person (P2P) payments in Sri Lanka, enabling consumers to both make and receive payments digitally, from one person to another in real-time. In the post-pandemic world, digital transactions are growing through multiple platforms, the value of which is projected to reach $5317 million […]
US State Secretary discusses Sri Lanka’s economic & political challenges with PM Wickremesinghe
United States Secretary of State Antony J. Blinken spoke today with Sri Lankan Prime Minister Ranil Wickremesinghe, the US Department of State said. Spokesperson Ned Price said that the Secretary and Prime Minister discussed Sri Lanka’s current economic and political challenges. “The Secretary affirmed the United States’ commitment to the Sri Lankan people during this […]