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President says Sri Lanka is proactive and pro-business

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Says potential investors can connect directly with policymakers at the highest level

President Gotabaya Rajapaksa said yesterday that he and his government are deeply committed to maintaining policy stability and consistency within a stable macroeconomic environment and that the government of Sri Lanka is ‘proactive and pro-business’.

“We will look very favourably upon investments that can have a transformative impact on our economy as well as our national profile, and we will do our utmost to create an enabling environment for the success of such investments.”

The President made these remarks at the inauguration of the Sri Lanka Investment Forum 2021 where more than 1,000 potential investors had a virtual call with Sri Lankan leaders and policymakers.

“Our legal and regulatory frameworks are being refined to ensure greater responsiveness, transparency, and security for investors. Unnecessary bureaucratic red tape is being removed and procedures are being streamlined to ensure greater ease of doing business in Sri Lanka,” the President said.

He further said: “Today’s event takes a holistic view of the many and varied investment opportunities Sri Lanka offers across all sectors of its economy. It brings together the Board of Investment, Colombo Stock Exchange and the Ceylon Chamber of Commerce, alongside key policymakers, entrepreneurs, and business leaders. This will encourage robust dialogue and information sharing about our investment environment, and it will highlight opportunities for direct investments as well as opportunities in capital markets and debt markets.”

“This investment forum comes at an important time for Sri Lanka. My Government has ambitious plans to unleash a decade of transformational and rapid economic growth to double our national output from its current level to 8,000 dollars GDP per capita by 2030.”

“Our unique geo-strategic position, political stability, robust institutions and social infrastructure, educated and capable workforce, and high quality of life are some of Sri Lanka’s current strengths. We will leverage on these to set the platform for our growth target.”

“In addition, significant improvements to our infrastructure are continuously being made. These include increasing power generation from renewable sources, improving connectivity through upgrading of road and rail networks, and further expansion and improvements to our ports that will all facilitate our development drive.”

“As President of Sri Lanka, I am determined to see these changes through and to further improve our already welcoming environment for investment. There are significant opportunities across many economic sectors in Sri Lanka that can provide tremendous returns to foreign and local investors alike. With its geostrategic location only a few hours away by air from major global hubs, Sri Lanka is one of the best-connected nations in all of South Asia. The commercial capital, Colombo, is one of the most attractive and liveable cities in the region.”

“The many opportunities this city affords will soon be greatly enhanced by the Colombo Port City, a new cityscape that will feature world class residential, commercial, social and entertainment facilities. Our vision is to make the Port City a key service hub for one of the fastest growing regions in the world. Its residents will have all the facilities they need to do productive work, while enjoying a very high quality of life in a vibrant tropical beachside environment that fuses the best of both old and new.”

“You will be able to connect directly with policymakers at the highest level, as well as technical experts, project owners, and potential partners who can support your investment ambitions in Sri Lanka,” the President said.



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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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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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LITRO GAS encouraging industrial sectors with inter-fuel conversion

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Switching to clean and efficient energy is a constant need that arises among industrial sectors in the world – Sri Lanka is no exception.

Encouraging industries across sectors to go for LPG instead of kerosene or firewood, has been a key component of Litro Gas Lanka’s strategy to drive efficiency levels and uplift industries to utilize clean and safe energy.

The domestic usage of LPG in Sri Lanka stands at around 35% of the population who use it as their primary source of energy – there is tremendous potential for the LPG sector since alternate energy sources such as firewood and kerosene are still in use. Empowering communities to upgrade to clean energy from these energy sources causing indoor pollution is a key area of consideration for Litro Gas Lanka.

Litro Gas Lanka has the capability and the expertise to provide LPG in bulk to large commercial and industrial operations that rely on efficient, clean energy. “These operations require bigger, bulk facilities due to the fact that they need faster, consumption efficient energy”, says Janaka Pathirathna, Director – Sales & Marketing at Litro Gas Lanka.

“We provide all the equipment needed – from storage tanks, vaporizers, pressure regulators and a piped network to the application in keeping with the highest safety standards. Litro Gas has the capacity and necessary infrastructure in place in designing, installing, maintaining and operating in-house bulk facilities.”

Commenting on switching to LPG, Lahiru Gawarammana – Senior Manager – Technical & Professional Business at Litro Gas Lanka, “Driving application and innovation is the key to achieving energy efficiencies for all industries. Direct energy application and a clean, smooth operation of LPG are indeed among the powerful factors in favour of LPG driven energy sources.”

Among innovative solutions Litro Gas Lanka has pioneered in the LPG LOT (Liquid Off-take) Systems which are primarily used in commercial & industrial applications. “LOT system will be the ideal solution to an application which needs high LPG flow with a less space availability. The system offers the large flow of a bulk tank and easy functionality of cylinder manifold. “

Litro Gas Lanka maintains 78% market share in the country’s LPG sector and operates over 14,000 points-of-sale, 1,500 home delivery hubs through a network of 42 distributors. A seamless supply of LPG throughout Sri Lanka ensures reaching over 4 million homes, while powering up countless industries and businesses that require a high output from clean energy.

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