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Govt commended by Japanese Ambassador for its role in improving business environment

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BOI urges Japanese investors to take advantage of Colombo Port City project

 

By Sanath Nanayakkare

Sri Lankan Government is playing an appreciable role in improving the investment environment to attract foreign investments to Sri Lanka, Akira Sugiyama, Ambassador for Japan in Sri Lanka said recently.

He said that ‘Public-Private Joint Forum’ held for Japanese companies in Sri Lanka provides an opportunity for Japanese companies to discuss and resolve issues faced by them with the cooperation of the Sri Lankan government.

The Ambassador made these remarks at the Sri Lanka Investment Forum 2021, held through June 7-9 on a virtual format.

“A good relationship is not only the connection between countries, but also the connection between people. The deep relationship of trust between business people in both countries is cultivated through trading and it supports bilateral relations”.

He pointed out the importance of Japanese style management method “5S” (Organisation, tidying, cleaning, cleanliness, discipline) which is widely used and how it has contributed greatly to the improvement of the quality of the labor force in Sri Lanka. In terms of human resource development, Japan-Sri Lanka Technology and Culture Association (JASTECA) plays a central role,” he said. The Ambassador concluded by assuring the best possible cooperation towards business and investment in Sri Lanka.

Meanwhile, BOI Chairman Sanjaya Mohottala said, “Japan has been a long-standing partner of Sri Lanka’s growth, particularly supporting the country’s infrastructure development and facilitating the exchange of knowledge and technology as a pioneer investor.”

“The Japanese service sector is now presented with a great opportunity to benefit from the economic tailwinds and the growth that Sri Lanka has to offer by taking advantage of the Port City project.”

Sri Lankan Ambassador in Tokyo, Sanjiv Gunasekara said, “There is more that we can do in the way of economic relations between the two countries. Specifically, in the areas of information technology, software development, high tech manufacturing, agriculture and pharmaceutical industry.”

Tadashi Ogura, Chairman, Noritake Co. Ltd, Japan mentioned the advantages of access to priority export markets such as India and Pakistan and the EU.

Rajeeva Bandaranaike, Chief Executive Officer- Colombo Stock Exchange spoke on investing in the Financial Market in Sri Lanka said, “The CSE has been one of the fastest growing markets in the region, giving attractive returns. The Daily Average Market Turnover for the year is at USD 22mn and our valuations at 13.5 times is attractive relative to other markets in the region. Our dividend yield is at 2.4 %, which is higher than most other markets in the region. Corporate profits of our listed companies are at an all time high. Higher returns and lower valuations of the CSE compared to regional peers makes the Colombo Stock Exchange an attractive investment option.”

 

 



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Dialog Television extends access to Nenasa and Guru TV education channels free of charge

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Furthering its efforts to ensure that no child is left behind in continuing their education, Dialog Axiata Group, Sri Lanka’s premier connectivity provider, extended free access to its education bouquet Nenasa Sinhala, Nenasa Tamil and Guru TV channels through Dialog Television and ViU App.

Despite the learning loss that ensued the pandemic, Dialog remains committed in its resolve to ensuring that children across the country have equitable access to education. Both Dialog Television prepaid and postpaid customers can access these channels for free. Nenasa Sinhala (Ch. 24) and Nenasa Tamil (Ch. 25) cover grade 3 to 13 Government syllabi, while Guru TV (Ch. 22) covers grade 5 to 13 Government syllabi, all conducted by qualified teachers with immersive, engaging and innovative teaching techniques. Furthermore, this education channel bouquet and over 160 supplementary lessons and educational content can also be accessed via ViU App on any smartphone, ViU Hub and ViU Mini for free, without any data charges on the Dialog network.

Commenting, Chirantha De Zoysa, Head of Business – Dialog Television said, “Extending Nenasa Sinhala, Nenasa Tamil and Guru TV education channels for free is part of our overarching efforts in providing schoolchildren across the country with equitable access to education to achieve their aspirations. While the pandemic has magnified the disparities in education and underscored the importance of inclusive education, Dialog remains resolute in continuing to bridge this gap.”

This is yet another initiative by Dialog in its continued efforts of supporting students across the country with their educational endeavours. In addition to this initiative, Dialog powers a range of educational platforms under the Nenasa initiative; Nenasa TV, Nenasa Smart School, Nenasa App and the toll-free Nenasa 1916 distance learning helpline. Dialog also endeavoured to provide 100,000 schoolchildren in need with Data Scholarships under the ‘NanaDiri Data Scholarship’ programme to facilitate their online learning from home. Furthermore, the company extended free access without any data charges to e-Thaksalawa, the National Learning Content Management System (LCMS)/Learning Management System (LMS) and to all official e-Learning platforms of State Universities under the purview of the University Grants Commission.

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SLT-MOBITEL powers ANANKE IoT Services to shine at Globee® Awards

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SLT-MOBITEL, the National ICT, Telecommunications and Mobile Services Provider, is proud to announce its partner ANANKE IoT Services (Pvt) Ltd has been conferred a Gold award under the ‘Start-up of the Year – IT Category’ at the 16th Annual 2021 IT World Awards. Organizers of the world’s premier business awards programs and business ranking lists, The Globee® Awards; recognised ANANKE IoT’s Smart Bins Project, powered by NB-IoT technology from SLT-MOBITEL, the undisputed leader of IoT services and related digital transformation in Sri Lanka.

SLT-MOBITEL’s NB-IoT network enables the entire device connectivity chain of the Smart Bins Project and is Sri Lanka’s only such network to-date. NB-IoT is the GSMA standard for Low-Power-Wide-Area Internet of Things connectivity, which is particularly suited to ensure the battery life of a sensor extends to up to 10 years. As the only telco to offer this advanced technology in Sri Lanka, SLT-MOBITEL was perfectly positioned to support ANANKE IoT Services for quick deployment of its Smart Bins solution. This is the first large-scale NB-IoT enabled hardware project in Sri Lanka and utilizes, ANANKE IoT’s in-house built proprietary platform. (SLT)

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Allianz Insurance and HSBC Sri Lanka partner to offerworld-class insurance products to HSBC Premier customers

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Allianz Insurance Limited (Allianz Lanka) has entered into an agreement with HSBC Sri Lanka to offer the bank’s affluent customers two world-class insurance products with flexible 0% installment plans, namely Global Health Medical Insurance that provides high quality healthcare services worldwide, and Student Companion to provide insurance solutions for students travelling overseas for education. These new offerings are part of a 10-year exclusive bancassurance distribution agreement signed between the Allianz Group and HSBC covering key markets in Asia such as Australia, China, Indonesia, Malaysia, Taiwan and Sri Lanka.

In recent times, increases in the cost of living and unexpected medical expenses due to the pandemic, have put pressure on many customers and their families. Due to these uncertainties, customers are looking for the assurance of a safety net, which protects their loved ones, both locally and overseas. Value added services such as international family care support with access to advice from overseas doctors/international care specialists have proven to be even more valuable today for customers.

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