Elevated capex requirements may force Airtel Lanka to seek a M&A deal – Fitch
Bharti Airtel Lanka may still seek a merger and acquisition (M&A) deal due to competition and higher taxes amid elevated capex requirements, Fitch Rating said a latest report. “Telcos in…
Milliman begins operations in Sri Lanka acquiring a local Actuarial firm
Milliman, Inc., a premier global consulting and actuarial firm, announced that it will begin operations in Sri Lanka after an agreement to acquire Colombo-based Spark Actuarial Private Limited came into…
Hong-Kong based Alta Hospitality Asia fund eyes a prime real-estate in Galle
The newly launched Alta Hospitality Asia fund of Hong-Kong-based Alta Capital Real Estate eyes a prime real-estate in Galle to develop a premier wellness retreat with comprehensive facilities and luxury…
Sri Lanka’s bonds hammered as U.S. dubs China “predator”
Sri Lanka’s government bonds fell heavily on Wednesday as the United States ratcheted up pressure on the country’s government over its ties with China. U.S. Secretary of State Mike Pompeo,…
Mike Pompeo arrives in Colombo as U.S seeks to balance China’s growing influence in the region
The United States (U.S.) Secretary of State, Mike Pompeo yesterday arrived in Sri Lanka for a two-day visit during which he would hold talks with the top Lankan leadership, as…
ICICI Bank exits Sri Lanka
India-based ICICI bank has shut down its offshore unit in Sri Lanka after securing approval from the country’s Central Bank (CB) last week. “The Monetary Board of the Central Bank…
Lee Kun-hee, who made South Korea’s Samsung a global powerhouse, dies at 78
(Reuters) – Lee Kun-hee, who built Samsung Electronics into a global powerhouse in smartphones, semiconductors and televisions, died on Sunday after spending more than six years in hospital following a…
Prime Minister pays an impromptu visit to Cinnamon Life construction site
The Prime Minister Mahinda Rajapaksa, made a brief impromptu visit to the country largest integrated mixed development project, Cinnamon Life construction site earlier yesterday, where he met with John Keels…
Top client sues PwC SL
According to latest local media reports, the major shareholders of the Altair project have filed legal action in the District Court of Colombo against PricewaterhouseCoopers Lanka Ltd. (PwC Sri Lanka),…
Huawei ICT Certification Program Cultivates Talent Ecosystem in Asia Pacific
The tech company reveals its long-term plan to bridge the ICT talent gap and calls for a cross-sector collaboration at the Huawei Asia Pacific ICT Talent Forum 2020 Huawei Technologies…