Markets and Financial

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The trends and growth of Sri Lanka’s e-commerce industry: an overview of Daraz e-commerce Index

The e-commerce industry in Sri Lanka has seen a rapid development over the last year, with a large percentage of shoppers venturing on to the digital platform. An increase in confidence on available products and online payment gateways have supported the change of perception...
Posted On 12 Jul 2020
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Newly refurbished CBD Business Centre in Col-01 is now available for rent

Cargo Boat Development Company PLC (CBD) – an associate company of the Renuka Hotels Group – has completed the refurbishment of its landmark building in Fort. The 38-year-old edifice underwent a Rs.609 million renovation over a period of one and a half years, and is...
Posted On 11 Jul 2020
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Seylan Banks Hosts Its First Fully Fledged Virtual AGM

Seylan Bank PLC successfully concluded its 33rd Annual General Meeting on a virtual platform on the 24th of June 2020. The AGM which was scheduled to be held on the 30th of March 2020 was postponed due to the situation within the country. The initiative of hosting the program on...
Posted On 11 Jul 2020
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Sampath Bank and UCSC to Develop Blockchain Based Shared KYC Platform

Pathbreaking CBSL Project Set to Transform Country’s Financial Services Landscape and Promote Financial Inclusion   Sampath Bank PLC joined hands with the Central Bank of Sri Lanka (CBSL) on a national initiative that seeks to develop a Blockchain technology based shared...
Posted On 10 Jul 2020

TRAVEL AND TOURISM

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Emirates resumes flights to 6 more cities

Airline’s network connects over 50 cities to and through Dubai in August Emirates has announced it will resume flights to Geneva (from 15 July), Los Angeles (from 22 July), Dar es Salaam (from 1 August), Prague and Sao Paulo (from 2 August), and Boston (from 15 August), offering...
Posted On 10 Jul 2020
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PickMe partners with Microsoft to maximize driver benefits and minimize passenger wait times

Microsoft Azure becomes PickMe’s preferred cloud platform for improving big data processing and streamlining analytics Microsoft and PickMe, the leading on-demand mobility solution platform in Sri Lanka, on Tuesday (7) announced a strategic partnership that will transform the...
Posted On 08 Jul 2020
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Emirates delivers on customer promise, offers travel confidence

Expedited processing has cleared nearly 650,000 refund requests in 8 weeks Policies offer customers confidence to plan and book their travel In the past two months, Emirates has processed nearly 650,000 refund requests, returning over AED 1.9 billion to its customers and making...
Posted On 03 Jul 2020

Exclusive interview with Pavan Vaish – Head of Central Operations, South Asia, Uber.

      As we enter a ‘new normal’, what does the future of rideshare look like to you?  I would like to say, we are cautiously optimistic. It is clear that the desire to support local businesses and communities is still strong, allowing us to recover as the pandemic in Sri Lanka...
Posted On 01 Jul 2020

Technology

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IFS recognized as a Top Export Corporate Brand by Brands Annual

IFS, the global enterprise applications company, was recently recognized in the top five Export Corporate Brands for IT Services in the latest edition of the Brands Annual magazine. IFS secured this achievement on the back of outstanding financial performance and delivering...
Posted On 12 Jul 2020