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  • Corporate Earnings See First Downturn Since 2020 Amidst Economic Crisis

Corporate Earnings See First Downturn Since 2020 Amidst Economic Crisis

December (2022) quarter earnings declined by 43.9%YoY to Rs.96.4 billion for 281 listed companies on Colombo Stock Exchange (CSE) owing to sluggish performance primarily in the Capital Goods (-82.6%YoY), Transportation…

Commercial Bank Captures the ‘Best Corporate Citizen Sustainability Award for the first time

Commercial Bank of Ceylon PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2021’ at an annual event organized by the Ceylon Chamber of Commerce, the country’s premier business chamber,…

Sri Lanka’s mobile and fixed broadband speeds sharply deteriorate in May

Sri Lanka’s mobile and fixed broadband speeds sharply deteriorated in May as the country reverted to Working From Home (WFH) with the unofficial lockdown coming into effect from late April.…

Mobitel extends the lead over Dialog in user experience, while Hutch emerges as the most improved in Q42020

Sri Lanka’s State-owned mobile telco operator, Mobitel extended its lead over Dialog Axiata in mobile network experience while Hutch emerge as the most improved mobile telco operator in Q42020. Holding…

Sri Lanka’s mobile internet speeds yet to rebound to pre-pandemic levels

Sri Lanka’s mobile internet speeds are yet to rebound to pre-pandemic levels while, while Fixed Broadband speeds improved in March surpassing the pre-pandemic levels, according to Ookla’s latest Speedtest Global…

Hacktivists deface multiple local domains, including Google.lk

A mysterious group of hacktivists has poisoned the DNS records of several Sri Lankans (.lk) websites on Saturday and redirected users to a web page detailing various social issues impacting…

Sri Lanka’s mobile and fixed broadband speeds improve in December

Sri Lanka’s mobile and fixed broadband speeds recorded an improvement in December, however, still continued to remain below the pre-pandemic levels, according to Ookla’s latest Speedtest global index. The mobile…

Dialog Axiata to acquire Hirdaramani’s H One for Rs 300-350 million

Dialog Axiata PLC has reached an agreement to acquire full ownership of Sri Lanka’s largest reseller of Microsoft enterprise solutions (MSFT) , H one from Hirdaramani Group. “The transaction is…