Records an investment of Rs.50 billion during the pandemic
Reiterating its commitment to expanding connectivity to every corner of the nation, Dialog Axiata PLC launched its 4,000th network tower in Thihawa village, Kurunegala, to further expand coverage to rural communities in the area.
In its continued efforts to expand coverage and support customers during these unprecedented times, Dialog has added 515 new towers to the network during the pandemic period reaching 4000 mobile 4G sites in its network, the highest ever tower count recorded in Sri Lanka. Dialog made use of Green Field towers in rapidly expanding its coverage to reach deep rural communities and the Lamp pole solutions to cater to urgent capacity requirements in dense areas. Dialog will continue to enhance coverage to deep rural communities through another 450 towers, including TRCSL’s “Gamata Sanniwedanaya” project, in the next 6 months, targeting more than 95% population coverage by end of 2021.
Dialog’s network accommodated more than 100% growth in mobile data traffic & more than 200% growth in fixed data traffic during the pandemic period, where the network carries more than 60% of the total mobile data usage of Sri Lanka. To meet the surge in demand, Dialog upgraded the capacity of 2,831 mobile 4G towers and 1,816 fixed broadband towers during the pandemic period and are targeting to enhance the capacity of more than 75% of the sites in the network by the end of the year.
Dialog also made more than twofold enhancements to the spectrum assigned to mobile 4G network by investing in 40MHz spectrum in the 2,600MHz band and re-allocating 13 MHz of frequency previously used for 2G and 3G to 4G broadband with the approval of TRCSL. This is a significant enhancement to Dialog’s spectrum assignment for 4G Broadband, which will enable the network to deliver superior performance, despite catering to a larger customer base and traffic growth.
Dialog is the nation’s largest foreign direct investor with a total investment of USD 2.8 Billion to date and infrastructure investments of USD 207 Million planned for 2021. The ongoing investments are part of the USD 254.1 million investment committed with the Board of Investments in February 2020.
Speaking at the occasion, Oshada Senanayake, Director General of the Telecommunications Regulatory Commission of Sri Lanka said, “We are pleased to be present here today at Dialog’s latest network site launch in Thihawa, Kurunegala. This new tower facilitates 20 villages with both fixed and mobile 4G coverage, and not only enables students to engage in meaningful e-learning, but also changes the way the communities can now utilise the power of connectivity to possibly transform their work and businesses digitally.”
Commenting, Supun Weerasinghe, Group Chief Executive of Dialog Axiata PLC said, ” We appreciate the support extended by our partners to fast-track deployments despite challenges caused by the pandemic. Dialog remains committed to continuing its efforts in increasing bandwidth and strengthening the resilience and coverage of our network.”
Assetline Leasing recognised at SLIM People’s Awards
Assetline Leasing Company Limited (ALCL) was nominated for “SLIM People’s Financial Services Provider of the Year” category at the recently held SLIM People’s Awards 2021 at BMICH, Colombo.
As a specialized leasing company with a network of 53 branches located Islandwide, ALCL has been able to carve a name for itself as a leading financial services providers by continuing to fulfill the financial needs people from all walks of life with an innovative and reliable portfolio of leasing and loan products that are geared to improve the livelihood of individuals and families whilst enriching their lifestyles. Access to financial services, particularly by SMEs and entrepreneurs, has always been a key area of ALCL’s focus.
Commenting on the achievement, Ajantha Premasiri, Chief Marketing Officer, ALCL, said; “We would like to extend our sincere gratitude to our valuable and loyal customers, business partners and team Assetline for their unwavering support in securing this nomination in the category of “SLIM People’s Financial Services Provider of the year”.
DIMO forum focuses on youth skills for employment and entrepreneurship
DIMO celebrated ‘World Youth Skills Day’ by shining the spotlight on the importance of equipping the youth with skills for employment, decent work and entrepreneurship, through a webinar titled ‘Job Demand and Vocational Education – Fuelling Dreams and Aspirations of the Youth’, held recently.
The keynote speaker at the webinar was a renowned expert in the industry, Mangala P.B. Yapa the Director General / CEO of Employers’ Federation of Ceylon, while the panel consisted of leading Human Resources professionals Dilrukshi Kurukulasuriya the Chief Human Resources Officer of DIMO, Chinthaka Premaratne the Group Director Human Resources of Fairway Holdings and Ishan Dantanarayana the Group Chief People Officer of Brandix. The event was moderated by Yohan Thilakaratne the Head of Corporate Communications of DIMO. Vocational Training is a key attribute in DIMO’s sustainability agenda and the forum ‘Job Demand and Vocational Education – Fuelling Dreams and Aspirations of the Youth’ was the latest initiative of DIMO to empower the dynamic youth with the correct skills.
During his keynote address, Mangala P.B. Yapa stated, “Knowledge, skills and employment are 3 elements that are inter-connected in a complex manner. Today, knowledge has surpassed skills and therefore, receives prominence. However, I believe that knowledge which does not develop skills, does not do justice to society. Through vocational education, what we attempt to do is to develop both knowledge and skills.”
CA Sri Lanka Annual Report Awards makes a comeback this year
In its continuing determination to crown the most brilliant financial reports produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will present the prestigious Annual Reports Awards competition this year, incorporating new concessions on account of COVID-19, whilst also automating the marking system for the first time in the competition’s history.
Applications for the 56th Annual Report Awards competition 2021 will be accepted from 15th August 2021 onwards. Organisations ranging from multinationals to blue-chip companies, conglomerates, small and medium businesses, state corporations, statutory bodies and even NGOs and NPOs which produce annual reports can vie for this year’s top honours.
Known to promote transparency, corporate governance, sustainability and social responsibility, the competition’s grand comeback this year was announced at a press conference on Tuesday.
The Annual Report Awards commands a history of over half a century, but following COVID, the Institute decided not to proceed with the competition last year on grounds that the competition would not yield the required benefits for the participating companies due to the challenges stemming from the pandemic and the related crisis.
Addressing the press conference, Jayesinghe said that as the sole authority to promulgate accounting and auditing standards in Sri Lanka, the Institute has taken every effort necessary to implement a world class accounting framework, which will result in long-term benefits to the country including bringing in vital investments such as FDIs.
He said that an annual report is recognised as the single most important document for readers and potential investors to understand the financial state of a company as well as its positive contribution not only towards the company’s bottom line but also to the country and society.
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