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FTA with Malaysia: Will it Lead to an Expansion in Flow of Trade and Investment with Sri Lanka?

2018-01-05 lankabusinessonline
Prime Minister of Malaysia, Najib Razak, who was on an official visit to Sri Lanka in December 2017 to mark the 60th anniversary of diplomatic relations between the two countries, has agreed with his counterparts, to expand cooperation in fields such as trade and investment. He said a Free Trade Agreement (FTA) would be useful to expand bilateral trade and steps would be taken to explore its feasibility during his meetings with President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe.

Dialog Axiata launches Sri Lanka’s first digital venture capital fund

Malaysian Prime Minister Dato’ Sri Mohd Najib bin Tun Abdul Razak ceremoniously launching the Dialog Axiata Digital Innovation Fund while (R-L) Dato’ Sri Mustapa Mohamad, Minister of International Trade and Industry of Malaysia, Tan Sri Jamaludin Ibrahim, President and Group CEO of Axiata, Supun Weerasinghe, Group Chief Executive, Dialog Axiata PLC, Harin Fernando MP, Minister of Telecommunications and Digital Infrastructure, Rajan Anandan, General Partner, BOV Capital and Prajeeth Balasubramaniam, General Partner, BOV Capital look on

PM: Sri Lanka offers wide investment opportunities to Malaysia

2017-12-19 themalaymailonline
Malaysian Prime Minister Datuk Seri Najib Razak shakes hands with his Sri Lankan counterpart Ranil Wickremesinghe in Colombo, Sri Lanka December 19, 2017. — Reuters pic COLOMBO, Dec 19 — Prime Minister Datuk Seri Najib Tun Razak describes his official visit to Sri Lanka as very successful in opening investment opportunities to Malaysia as that country is now on the eve of economic recovery.

Najib: Malaysia can be key technology player in SE Asia

2017-12-19 themalaymailonline
Najib (centre) said he was proud of the achievements of Dialog Axiata in Sri Lanka. — Picture via Twitter/NajibRazakCOLOMBO, Dec 19 — Malaysia is well-prepared to remain as a key technology player in South-east Asia, as the region embraces the transformations of the digital era, says Prime Minister Datuk Seri Najib Tun Razak. (2-0)

FTA with Sri Lanka will facilitate exports of Msian products, services, says PM

2017-12-18 themalaymailonline
Prime Minister Datuk Seri Najib Razak meets with Sri Lanka President Maithripala Sirisena at the Presidential Secretariat Building in conjunction with his official visit to Sri Lanka, in Colombo, December 18, 2017. — Bernama picCOLOMBO, Dec 18 — Products and services from Malaysian companies are expected to easily penetrate the market in Sri Lanka if both countries are able to forge a Free Trade Agreement.

Bright prospects for Dialog Axiata to add investment in Sri Lanka, says PM

2017-12-18 themalaymailonline
Prime Minister Datuk Seri Najib Razak attending a bilateral meeting with Sri Lanka President Maithripala Sirisena at the Presidential Secretariat Building in conjunction with his three-day official visit to Sri Lanka, December 18, 2017. — Bernama picCOLOMBO, Dec 18 — Axiata Group Bhd’s unit, Dialog Axiata Plc, which is Sri Lanka’s largest telecommunications service provider, has bright prospects to increase its investment by another US$300 million in the country as its licence issue is being be resolved. (2-0)

Tower tax could result in exit of major foreign investors: operators

The implementation of the budget proposal to slap every cellular tower in the country with a levy of Rs.200,000 per month—payable by mobile operators—could result in the possible exit of the major foreign investors from the local telecommunication market, the industry warns. 

Dialog consolidates performance with strong 3rd quarter

2017-11-08 lankabusinessonline
Dialog Axiata PLC announced, Tuesday 7th November 2017, its consolidated financial results for the nine months ended 30th September 2017. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”) post-consolidation with subsidiaries Dialog Broadband Networks (Pvt) Ltd (“DBN”), Dialog Television (Pvt) Ltd (“DTV”) and Digital Holdings Lanka (Pvt) Ltd (“DHL”). (16-1)

Sri Lanka's Dialog Axiata Q3 net profit up 29.4 pct yr/yr

Foreign investors hold 94.5 percent of the total issued shares in the company as of Tuesday. (2-0)

US investor community hears strong case for Sri Lanka in New York

2017-10-18 lankabusinessonline
The “Invest Sri Lanka Investor Forum” organized by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with CSE Member Firms, Listed Companies and supported by Asia Securities (Event Sponsor) and the Oxford Business Group (Exclusive Publication Partner) drew a strong interest among the investor community in New York. A Sri Lankan delegation including senior representatives of the CSE, SEC, Stock Broker Firms and Listed Companies attended the Forum to make a collective case on the Sri Lankan capital market as an investment destination.

Duo World Inc., to Introduce FaceTone Contact Centre Solution for Dialog SME Customers

2017-10-17 marketwired
HENDERSON, NV--(Marketwired - Oct 17, 2017) - Duo World, Inc., (OTC PINK: DUUO) -- Offering a comprehensive and technologically advanced Contact Center Solution for Small and Medium Scale Enterprises (SMEs) has been challenging for any Telecommunication service provider, until now. FaceTone is a new communication and collaboration platform designed to operate Contact Centers and Customer Service Operations efficiently whilst providing better customer experiences.

Dialog launches South Asia’s First NB-IoT service

2017-10-16 lankabusinessonline
Oct 16, 2017 (LBO) – Sri Lanka’s Dialog Axiata PLC, has launched on it’s 4G network the Narrowband Internet of Things (NB-IoT) enabling seamless connectivity amongst devices using Low Power Wide Area (LPWA) technology.

Unilever initiates partnership with Tea Smallholders Federation & Dialog

2017-10-10 lankabusinessonline
Unilever Sri Lanka initiated a partnership with the Sri Lanka Federation of Tea Smallholders and Dialog Axiata PLC to support the over 400,000 smallholder tea farmers in Sri Lanka. This comes at a time when the nation is celebrating 150 years of Ceylon Tea.

Sri Lanka’s Dialog Axiata introduces mobile payment app

2017-10-06 lankabusinessonline
Oct 06, 2017 (LBO) – Sri Lanka’s diversified telco operator Dialog Axiata has introduced a mobile payment app which enables bill payments directly through credit or debit cards.

Fitch maintains rating watch negative on Distilleries Company

2017-09-27 lankabusinessonline
Sep 27, 2017 (LBO) – Fitch Ratings has maintained the Rating Watch Negative (RWN) on alcoholic beverage manufacturer Distilleries Company’s (DIST) National Long-Term Rating of ‘AAA(lka)’, as the company takes steps to complete its restructuring exercise and resolve its capital structure, which will require regulatory approval.