Business
‘Dialog Enterprise Partners with UTECH Technologies for Industry 4.0 Transformation’.
Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC., proudly announces the latest addition to its portfolio of industry-leading and innovative automation solutions together with, UTECH solutions.
Through the partnership, Dialog Enterprise aims to leverage its considerable experience in working with diverse industries and multiple use cases to develop innovative and affordable technology solutions helping businesses find efficiencies and productivity enhancements required to be competitive with the demands of a changing business environment.
Focusing on facilitating the transition to Industry 4.0 for enterprises, this collaboration therefore enables tailored IIoT solutions for integrating smart devices, data analytics and automation systems to optimize operations and boost efficiency.
“We are excited at the multitude of prospects this partnership presents us with,” said Riyad Ismail, Managing Director/CEO, of UTECH reflecting on its coalition with Dialog Enterprise. “Every business enterprise has its unique challenges in the digital transformation journey. At UTECH, we specialize in identifying the specific requirements, and in turn, invest in cutting edge research and development to innovate solutions that solve specific problems at an affordable cost to all industries,” he described further.
Set to empower businesses to maintain their competitive edge through technology, the proposed solution stack includes IIoT telematic gateways designed for remote monitoring and control of plant and machinery equipment. These gateways offer seamless integration with various applications, forming a comprehensive technological stack to oversee entire industrial manufacturing processes. This ensures optimal operational efficiency, planned cost adherence, and enhanced quality, thereby boosting productivity across production lines for both machines and human workers.
“We are cognizant of the need for rapid digitization and the need to be a leading partner in our customers’ transformation process. We are in a unique position to bring together technologies such as 5G, AI, IOT on a single platform said Navin Pieris, Group Chief Officer of Dialog Enterprise. “With our industry experience and our strategic partnerships from across the globe, we are able to assist large as well as SMEs alike with technological solutions catered to their niche in the trade” he explained further.
The Commercial Bank of Ceylon Group has posted robust results for the first quarter of 2025, reporting a net profit of Rs 14.97 billion—up 38.52% year-on-year—on the back of healthy growth in income, assets, and loan advances.
In a stock exchange filing, the Group, which includes Sri Lanka’s largest private sector bank, its subsidiaries, and an associate, reported a 4.27% increase in total assets to Rs 2.999 trillion as of March 31, 2025.
Gross income rose 9.85% to Rs 88.1 billion, while net interest income surged 23.53% to Rs 34.21 billion. Operating income grew by 33.4% to Rs 46.62 billion, and net operating income increased by 25% to Rs 39.39 billion.
Despite a 110.44% increase in impairment provisions, pre-tax profit grew by 34.77% to Rs 22.56 billion, with after-tax profit rising sharply due to effective cost management and improved asset quality.
Chairman Sharhan Muhseen highlighted the milestone of nearing Rs 3 trillion in assets, while MD/CEO Sanath Manatunge noted gains in net interest margin, CASA ratio (now at 39.51%), and a significantly improved Stage 3 loan ratio of 2.58%.
With a capital adequacy ratio well above regulatory requirements and a liquidity coverage ratio exceeding 500%, Commercial Bank remains firmly positioned for continued growth in 2025.
Ceylinco Life, Sri Lanka’s life insurance market leader, recently celebrated its top sales officers at a spectacular two-day event held at Cinnamon Life, Colombo’s premier leisure and entertainment destination. The event combined the company’s ‘High Flyers Day’ and Annual Awards gala, honoring over 250 elite sales officers with 350 awards, including automobiles, for their outstanding achievements in 2024.
The celebrations featured fine dining, entertainment, and overnight accommodation for the honorees. The Annual Awards ceremony, themed ‘Crowning the Titans,’ was graced by distinguished guests from Swiss Re Asia Pacific, Daisy Ning and Sunayana Mahansaria.
2024 marked Ceylinco Life’s 21st consecutive year of market leadership, with gross written premiums reaching Rs 37.14 billion and consolidated income at Rs 65.54 billion. The company paid a record Rs 25 billion in net claims and benefits, while its Life Fund and investment portfolio grew significantly.
Top awardees included M. Manojan (Best Agency Head), S. Ragini (Best Agency Supervisor), A. I. P. Manjula (Best Life Insurance Advisor), and J. Meera (Best Regional Sales Manager).
Dr. Sachini Aththanayaka, Director of Sayora Healthcare (Pvt) Ltd, has been awarded the Excellency Award in the Beauty, Health, and Wellness Services category at the prestigious Entro Queen Excellence – Leading Lady in Business Awards 2025. Recognised for her pioneering work in integrative wellness, Dr. Sachini has transformed Sayora Healthcare into a hub for holistic care, blending modern medicine with natural therapies.
“This recognition motivates me to keep raising the bar, not just for Sayora Healthcare, but for the entire industry,” she said, dedicating the award to women striving for impact in business and beyond.
India’s colonial past revealed through 200 masterful paintings
Showers above 75 mm are likely at some places in Western and Sabaragamuwa provinces and in Galle, Matara, Nuwara-Eliya and Kandy districts.
Those who do not submit campaign finance returns by next Tuesday may lose political rights: Election Monitor
-
Business5 days agoDialog Enterprise strengthens data protection and cybersecurity with ISO/IEC 27017 and ISO/IEC 27018 certifications
-
Business6 days agoCargills Bank Q1 PAT rises to Rs. 162 million, up Rs. 116 million
-
Editorial4 days agoExpediency vs. Public duty
-
Midweek Review4 days agoJournalistic Brilliance Joins Humanity
-
Business4 days agoEthical AI and responsible leadership in emerging markets
-
Editorial5 days ago
Betrayal of the military
-
Features6 days agoDavid Attenborough and Sri Lanka – a tribute for celebration of 99 years on the planet!
-
Business20 hours agoPresident briefs Sri Lankan delegation leaving for tariff related discussions in Washington