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AIER’s Leading Indicators Index returned to a neutral 50 reading in May, rising four points following an eight-point fall in April.

Dialog Enterprise, the corporate solutions arm of Dialog Axiata PLC, announced its intention to develop On-Premise Huawei Cloud (Hybrid Cloud) solutions and in this regard inked agreements for Service Hosting on Dialog Hybrid Cloud with ThinkCube System (Pvt) Limited and Hybrid Cloud business development in Sri Lanka with MillenniumIT ESP. Dialog Hybrid Cloud, available from […]

‘Accumulated issues in the past have now exploded ‘Time has come to put the house in order’ ‘Dismal fiscal sector has caused imbalances in the macro-economy’ ‘Engagement with IMF, a starting point in implementing critical reforms’ by Sanath Nanayakkare The Ministry of Finance (MOF) said last week that Sri Lanka urgently needs to undertake difficult, […]

Tourist arrivals for the first three weeks of April have declined significantly compared to previous months, indicating that challenges are going to persistent for the tourism and hospitality sector.For the April 01-26 period, a total of 55,590 tourists visited the country. The arrival numbers for the month are almost 50 percent less compared with tourist […]

Value of new business (VONB) of US$853 million, down 18 per cent New business sales regaining momentum as Omicron infections subside Annualised new premiums (ANP) reduced by 7 per cent to US$1,567 million VONB margin down 7.6 pps to 54.4 per cent Total weighted premium income (TWPI) up 5 per cent to US$9,948 million Lee […]