Category: Industry
Dialog Enterprise unveils a cutting-edge fuel-monitoring system
Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC, recently unveiled a timely technological solution for monitoring and measuring fuel and energy consumption with precision. Developed in partnership with the University of Moratuwa Research Laboratory and rigorously tested and used on Dialog’s own base stations, the solution was released ahead of schedule to […]
CCC highlights need to focus on implementation of progressive proposals in interim budget 2022
The Ceylon Chamber of Commerce views the interim budget for 2022 delivered by President Ranil Wickremesinghe in his capacity as Minister of Finance, as a positive step towards rebuilding the macroeconomic framework of the country. The Budget provides an estimate of the expected revenue and expenditure of the Government for 2022 within an environment of […]
President proposes to allocate 20-pct shareholding in BOC & People’s Bank to depositors & staff
In order to meet recapitalization requirement borne out due to increase in interest rates, rising NPLs, loan settlement issues faced by businesses due to economic crisis, and liquidity issues faced by the state banks, it is proposed to allow 20 percent of shareholding of the Bank of Ceylon and People’s Bank by their depositors and […]
‘s Analytics: The Uncertain Future of the Chip Shortage
The semiconductor chip shortage captured the world’s attention early on during the pandemic as the first clear sign that the measures undertaken during the pandemic were creating significant supply-chain disruptions. These disruptions have since expanded to include many other industries and have caused inflation to skyrocket in countries around the world. And while there are […]
Envisioning future of Sri Lanka with Ultra-Fast Fibre & 5G: SLT-MOBITEL Technology Chiefs discusses evolving trends
The SLT-MOBITEL brand has reinforced its leadership as a true digital enabler further emphasizing its promise of enriching people’s digital lives and empowering businesses to unlock their fullest potential. Mangala Samarajeewa, SLT Chief Network Officer and Rasantha Hettithanthrige, Mobitel Chief Technology Officer elaborates on how the Group is paving the way for network modernization, ensuring […]
UK-based supply chain start-up Kavida AI to help reduce risk profile of Sri Lanka’s apparel sector
UK-based Digital Supply Chain Start-up – facilitated by The American Chamber of Commerce (AMCHAM) in Sri Lanka, have launched Resilient Sri Lanka a new industry forum on a mission to build resilience into Sri Lanka manufacturing. The forum launched its first event with ‘De-risking Sri Lankan Apparel”, an in-person workshop on 18 August, 2022, at […]
Land Valuation Indicator for Colombo District increased by 17-pct during 1H 2022
Land Valuation Indicator (LVI) for Colombo District increased to 186.9 with a year-on-year change of 17.0 percent during the first half of 2022. This annual increase (17.0) and the semi-annual increase (4.6 percent) of LVI, showed a deceleration of the increasing trend observed in the second half of 2021. All sub-indicators of LVI, namely Residential […]
Groundbreaking ceremony for INSEE Warehouse at Hambantota Port Industrial Park
INSEE Cement, Sri Lanka’s leading cement manufacturer, began construction of their mega capacity warehouse within the industrial park in Hambantota International Port (HIP) last week. The US$ 3 million investment by INSEE will be the largest warehousing facility inside a port in Sri Lanka for raw materials used in the production of cement. The warehouse […]
U.S. partners with David Pieris Motor Company to boost electric mobility in Sri Lanka
The U.S. government, through its development agency, the U.S. Agency for International Development (USAID), is committed to accelerating clean energy to drive social and economic sustainable growth in Sri Lanka. On August 16, Sri Lanka’s Minister of Power and Energy, Kanchana Wijesekera and U.S. Ambassador to Sri Lanka, Julie Chung attended a signing ceremony for a Memorandum […]
High impairment provisions neutralise solid 6-month operational growth of ComBank Group
The Commercial Bank Group has reported a six-month financial performance that mirrors the impacts of the country’s macro-economic variables, with solid operational gains negated by extraordinary provisioning in the second quarter for impairment charges and other losses. Comprising of the Commercial Bank of Ceylon PLC, its subsidiaries and an associate, the Group posted a gross […]
Seylan Bank records Rs.1.5Bn PAT for 1H 2022
Seylan Bank recorded a Profit after Tax of Rs. 1,504 Mn for the 6 months ended 30th June 2022 against Rs. 2,105 Mn reported in the corresponding period of 2021. This has been seen by financial analysts as mcommendable given the extremely challenging and adverse conditions the Bank operated in, with Sri Lanka facing its […]
Cybercrime – The Invisible Lurking Threat
By Ajita Kadirgamar: Warnings and advice on some of the most common and often fatal Cybersecurity traps Cybersecurity, most often the lack of it, is a buzzword that commands attention. In March 2021, Sri Lanka ranked 77th on the National Cyber Security Index[1] – a global live index, which measures the preparedness of countries to […]