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SLT launched country’s first, purpose built tier 3, National Data Centre

2018-01-19 lankabusinessonline
SLT announces grand opening of the state-of-the-art Tier 3 “National Data Center” in Sri Lanka  Sri Lanka’s First “Purpose built Tier 3 Data Centre”  First “Green Gold Certified Data Centre” in Sri Lanka  First Network Function Virtualization ready Data Centre in South Asia

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.

Grand finale of CA Sri Lanka 53rd Annual Report Awards Competition

2017-12-06 lankabusinessonline
Commercial Bank of Ceylon PLC won the coveted ‘Cyril Gardiner Memorial Trophy’ Gold Award for Overall Excellence in Annual Financial Reporting at the grand finale of the 53rd Annual Report Awards Competition organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

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. 

Aitken Spence bags Best Corporate Citizen Sustainability Award 2017

2017-11-29 lankabusinessonline
Nov 29, 2017 (LBO) – Aitken Spence won the coveted ‘Best Corporate Citizen Sustainability Award 2017’ an annual event organized by the Ceylon Chamber of Commerce, the country’s premier business chamber to recognize sustainable champions of the local corporate world.

‘Social War’ Budget: Sri Lanka’s Social Contract Under Siege

2017-11-14 colombotelegraph
Earlier this year, the country’s top economists and policy planners, current and previous, were gathered together to honor the country’s top development thinker and perhaps the finest Sri Lankan intellect alive, Dr. Godfrey Gunatilleke. The specific occasion was to launch a volume of his writings covering forty years. Described as ‘A Collection of Writings 1975-2015’ it is with excellent reason that the main title of the volume was ‘Towards a Sri Lankan Model of Development’.

Maithripala Declares War On Ravi K Using Lankaenews As Proxy

2017-11-08 colombotelegraph
President Maithripala Sirisena has taken steps to block the news website Another news website,, has claimed that the Telecommunications Regulatory Commission (TRC) has issued a directive to all internet service providers operating in Sri Lanka to block lankaenews following a court order.

SLT to make CCC a fully fibre optics enabled high rise building

2017-11-07 lankabusinessonline
Sri Lanka Telecom (SLT), Sri Lanka’s leading digital service provider recently signed an agreement to provide Fiber to the home (FTTH) infrastructure network facility, which is the world’s most reliable connectivity option for the Colombo City Centre (CCC) Property.

The Bond Robbery & Loss Of CB Reputation: Yahapālana Govt. Should Stop Playing Hide & Seek

2017-10-15 colombotelegraph
Immediately after the Treasury bond auction on 27 February 2015, the news of a massive impropriety that had taken place in the auction spread across the market like a wildfire. The news said that the Central Bank had offered to borrow Rs. 1 billion through a 30-year Treasury bond, but ended up in borrowing 10 times of that, amounting to Rs. 10 billion.

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.

Issue Of Treasury Bonds: CB Has Finally Vindicated Direct Placements

2017-08-13 colombotelegraph
Effective from 27 July 2017, the Central Bank has restored the system of direct placements in the issue of Treasury bonds to its due place. This system, started in 1997 by the then Governor A.S. Jayawardena, was abruptly abolished in February 2015 by the then Governor Arjuna Mahendran a few minutes before the close of the controversial bond issue of 27 February 2015.

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.

Court orders SLT to disclose source of Dialog Broadband documents

2017-07-26 lankabusinessonline
July 26, 2017 (LBO) – The Commercial High Court has ordered Sri Lanka Telecom PLC (SLT) to disclose the source of confidential information of Dialog Broadband Networks (Private) Ltd, after the broadband provider initiated legal action, lawyers for Dialog Broadband said.

Virtusa Chairman and CEO Honored at SLT Zero One Awards

2017-07-24 lankabusinessonline
(PRESS RELEASE) – Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, announced that the company’s chairman and chief executive officer (CEO), Kris Canekeratne, has been recognized with a Lifetime Award at the inaugural SLT Zero One Awards held in Colombo recently.

SLT becomes first to successfully field test Pre-5G LTE Advanced Pro in South Asia

2017-06-05 lankabusinessonline
Sri Lanka’s No.1 ICT solutions provider and the licensed national backbone network operator, Sri Lanka Telecom, together with Huawei Technologies, has successfully carried out South Asia’s first comprehensive field trial of Pre-5G LTE Advanced Pro technology, laying the groundwork for the next generation of broadband technologies. Sri Lanka Telecom has continued to develop its modern infrastructure; complementing its access technology portfolio with FTTH (Fiber-to-the-home) and fixed TD-LTE (Time-Division Long-Term Evolution) on one hand while implementing state of the art service platforms such as Akaza Cloud, IPTV (Internet Protocol television) and OTT (Over-the-top content).