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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
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.
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).
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.
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.
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’.
President Maithripala Sirisena has taken steps to block the news website www.lankaenews.com. Another news website, www.srilankamirror.com, 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.
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.
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.
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.
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.
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.
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.
(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.
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).