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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.

Sri Lanka’s Dialog Axiata profit edges up to Rs2.3 bln in June quarter

2017-08-09 lankabusinessonline
Aug 09, 2017 (LBO) – Profits at Sri Lanka’s Dialog Axiata group, increased by 2.6 percent to 2.3 billion rupees in the June quarter, interim accounts showed.

Sri Lanka’s Standard Chartered introduces Mobile Wallet Payments

2017-08-01 lankabusinessonline
Aug 01, 2017 (LBO) – Standard Chartered Bank has introduced Straight2Bank Wallet, a mobile payments system in partnership with Dialog Axiata’s eZ Cash platform to expand cashless payment services.

Court rejects SLT application to prevent Dialog’s fibre network expansion

2017-08-01 lankabusinessonline
Aug 01, 2017 (LBO) – The District Court of Colombo has refused applications for enjoining orders sought by Sri Lanka Telecom PLC against Dialog Axiata PLC (DAP) to restrain provision of fixed telecommunication services with fibre network expansion.

National Challenges to be discussed at Sri Lanka Economic Summit

2017-07-24 lankabusinessonline
July 24, 2017 (LBO) – Sri Lankan Government ministers, opposition parliamentarians and advisers will discuss current national challenges faced by the country and possible solutions for those issues at the eighth and the last session of the Sri Lanka Economic Summit 2017.

Sri Lanka Eco Summit to discuss execution of reforms and building sound institutions to seek growth

2017-07-12 lankabusinessonline
(PRESS RELEASE) – Sri Lanka’s urgent need to execute critical reforms and build sound institutions to propel the nation’s economic growth will come under discussion at the upcoming Sri Lanka Economic Summit 2017.

India’s top economic adviser to speak at SL Economic Summit

2017-07-06 lankabusinessonline
Dr. Arvind Subramanian, the Chief Economic Adviser of the Government of India, will attend as the keynote speaker of the Sri Lanka Economic Summit 2017 inaugural session.

Indian Government’s top economic adviser to speak at SL Economic Summit

2017-07-05 lankabusinessonline
Dr. Arvind Subramanian, the Chief Economic Adviser of the Government of India will attend as the keynote speaker of the Sri Lanka Economic Summit 2017 inaugural session.

Sri Lanka Eco Summit to discuss ‘Walking the Talk’ for Greener Growth

2017-07-03 lankabusinessonline
July 03, 2017 (LBO) – The Importance of Sri Lankan businesses aligning its growth plans with greener practices to help develop a ‘sustainable era,’ will be discussed at the upcoming Sri Lanka Economic Summit 2017.

Dialog starts operations of 4.5G LTE home broadband in Colombo

2017-05-25 lankabusinessonline
Sri Lanka achieved yet another milestone on the region’s broadband technology landscape this week, as Dialog Axiata announced the launch of its commercial 4.5G TDD LTE network.

Dialog paves way for 5G with successful MIMO trial

2017-05-24 lankabusinessonline
May 24, 2017 (LBO) – Sri Lanka’s Dialog Telecom said they have successfully completed a trial of next-generation, MIMO (Multiple-Input Multiple-Output) Technology.

Dialog Axiata offers pay per click rewards in Sri Lanka

2017-05-23 lankabusinessonline
May 23, 2017 (LBO) – Sri Lanka’s Dialog Axiata has entered the pay-per-click market offering Dialog and non-Dialog subscribers the opportunity to earn rewards on a daily basis.

LBR LBO Brand Summit 2017: Building Breakthrough Brands in the Post-Marketing Age

2017-04-26 lankabusinessonline
Apr 26, 2017 (LBO) – Senior thought leaders from Sri Lanka and abroad will speak on “Marketing is Dead, Now What? – Building Breakthrough Brands in Post-Marketing Age” at Lanka Business Online’s fifth consecutive annual edition of LBR LBO Brand Summit on Wednesday the 3rd May at Cinnamon Grand Hotel, Colombo.

Insights to Innovate in emerging markets through PwC’s Academy workshop in Colombo

2017-03-01 lankabusinessonline
(PRESS RELEASE) – With a strong economic growth during the last decade and transforming from rural based agriculture industry driven economy to a service driven more urbanized economy, Sri Lanka is looking to become a middle income country. It’s been 7 years since the country emerged from a three decade long civil war but has been progressing to catch up on the lost time to reach its full potential.

Easy solution for paying parking fees with new App

2017-02-20 lankabusinessonline
As the population of Colombo increases daily, the congestion on the roads is on a rise. With this, there’s a lingering need for an effective vehicle parking management system. Tenaga Car Parks, the pioneer in providing parking and traffic management solutions in Sri Lanka presents to you the ultimate solution with the launch of their new user friendly and convenient mobile app – Tenaga ParkSmart. The mobile application was launched in partnership with the Colombo Municipal Council recently in the presence of Eng.

Fitch revises Sri Lanka Insurance & SLT outlook to stable from negative

2017-02-14 lankabusinessonline
Feb 14, 2017 (LBO) – Sri Lanka’s Fitch Ratings has revised the outlook on Sri Lanka Insurance Corporation’s insurer financial strength rating to stable from negative, and affirmed its rating at ‘B+’.

Leadership transition at Dialog’s

2017-02-13 lankabusinessonline
Digital Commerce Lanka (Pvt) Limited, a wholly owned subsidiary of Dialog Axiata PLC and the operator of, Sri Lanka’s largest ecommerce site recently announced a transition of leadership. As part of the Axiata Group’s accelerated leadership development program, the outgoing Chief Executive Officer, Sheyantha Abeykoon will take on a new assignment in Kuala Lumpur, Malaysia as the Chief Financial Officer of Axiata Digital Services Bhd with effect from the 13th of February.

Sri Lankan shares rise on bargain hunting, snap 5-day losing streak

2017-01-06 lankabusinessonline
Jan 06, 2017 (Reuters) – Sri Lankan shares edged higher on Friday, ending a five-day losing streak and recovering from a nine-month low hit in the prior session as investors picked up battered down shares.

Supun Weerasinghe appointed as group CEO of Dialog Axiata

2017-01-02 lankabusinessonline
Jan 02, 2017 (LBO) – Sri Lanka’s telecommunications blue chip Dialog Axiata today informed the stock exchange that Supun Weerasinghe has been appointed as the Group CEO with effect from yesterday.

Sri Lankan shares hit more than 2-wk closing low; Fed rate hike weighs

2016-12-15 lankabusinessonline
Dec 15, 2016 (Reuters) – Sri Lankan shares fell in line with regional bourses to close at their lowest in more than two weeks on Thursday, as a 25-basis-point interest rate increase by the U.S. Federal Reserve and hints of more to come next year kept investors on tenterhooks.