Participants present at the agreement signing, from left to right include: from Asian Silk Route – Dhilip Kumar (Head of Technical), Dharshan Jude (Business Executive), Habibullah Aslam (Sales and Marketing Executive), Fazmin Shahabdeen (Director Operations) and Zhou Wansho (chairman); from SLT – Imantha Wijekoon (Chief Sales and Regional Officer), Chethana Attanayake (General Manager/Western Province Central) , Kelum Priyantha (Business Development Manager) and Kasuni Dilhara (Marketing Officer).
Sri Lanka Telecom (SLT), the leading ICT and digital solutions provider in the country recently entered into an agreement with Asian Silk Route Private Limited, a company specializing in condominium development and construction, to facilitate Unitown Residencies with a unique Smart Home Solution powered by SLT Fibre.
The official agreement signing took place recently at SLT’s head office premises, Colombo Fort, with the participation of authorized signatories: Zhou Wansho, chairman and Fazmin Shahabdeen, Director Operations of Asian Silk Route and Imantha Wijekoon, Chief Sales Officer and Chethana Attanayake, General Manager of SLT. Other representatives from both companies were also present to witness the agreement signing.
Unitown Residencies, the latest condominium project undertaken by Asian Silk Route, promises a unique living experience together with unique living space design and amenities, right at the heart of Colombo city, in Colombo 9. The 10-storied condominium will comprise of 64 luxury apartments. SLT will be responsible for the ICT infrastructure of the building, and will ensure that residents are provided with state-of-the-art services which include crystal clear telecommunications, the latest ultra-fast broadband connectivity provided through fibre technology and the next revolution in entertainment television, PEO TV. SLT will also set up the backbone necessary for a Smart Building promising residents of unique and enhanced digital lifestyles.
“We selected SLT to be our partner for this project because we needed a partner that would be able to match our standards, in terms of the uniqueness that we stand for, and promise to our customers in every aspect of this living space that we are creating,” said Zhou Wansho -Chairman of Asia Silk Route, giving his views on the newly formed partnership. “Having studied SLT’s track record and their capabilities which are being strengthened every day, we feel confident that they possess the competencies required to provide a unique Smart Home experience to our residents that will support us to remain true to our promise made to our customers.”
Imantha Wijekoon, Chief Sales Officer of SLT commented, “We appreciate the confidence that Asian Silk Route has placed on us in entrusting this project to us. We are in the business of creating a Smart Future for Sri Lanka and its residents. We possess the desired competencies and capabilities to provide unique digital solutions that are on par with international standards and we are continuously learning and transforming ourselves to ensure that we remain abreast of change and provide the very best for our clients.” Wijekoon further expressed his confidence in SLT’s ability to add value to the residents of Unitown Residencies by facilitating the construction of a Smart Building powered by SLT’s ultra-fast broadband connectivity provided through the company’s robust fibre technology. SLT promises to provide residents of Unitown Residencies with a unique experience like never before through access to a host of smart services via the company’s fibre broadband connectivity.
Sri Lanka’s economic confidence index plummets
‘No one has rated Sri Lanka’s economic condition as excellent. 1.8 % rated it as good and 1.3 % rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022, a wide ranging Verite Research public opinion survey reveals.
Key findings of the survey:
Government approval rating drops from 10% to 3%
The second round of the Gallup Style “Mood of the Nation” poll was conducted in June by Verité Research. It assessed the approval, satisfaction, and confidence of the nation in relation to the government, the country, and the economy.
The poll was conducted as a part of the syndicated survey instrument by Verité Research. This instrument also provides other organisations the opportunity to survey the sentiments of Sri Lanka.
1. Government approval rating | 3% | To the question, “Do you approve or disapprove of the way the current government is working?” only 3% said they approve. In January 2022 this rating was at 10%.
2. Sri Lanka satisfaction | 2% | To the question, “In general, are you satisfied or dissatisfied with the way things are going in Sri Lanka?” only 2% said they were satisfied. This rating was at 6% in January 2022.
3. Economic confidence | negative (-) 96 | Multiple choice questions on the condition and trajectory of the economy are used to generate an economic confidence score. The score can range from negative (-) 100 to positive (+) 100. A score above zero means more people see the economic conditions positively rather than negatively. If everyone thinks the economy is in either excellent or good condition, and everyone also thinks it is getting better, the score will be (+) 10. If everyone thinks that the economy is in a poor condition, and everyone also thinks it is getting worse, the score will be a (-) 100. No one rated the economic condition as excellent. 1.8% rated it as good; and 1.3% rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022.
Implementation of “Mood of
The poll is based on an island wide nationally representative sample of responses from 1,052 Sri Lankan adults, conducted in June 2022. The sample and methodology was designed to ensure a maximum error margin of under 3% at a 95% confidence interval. The polling partner was Vanguard Survey (Pvt) Ltd.
Decline in share market in the wake of rate hike reports
By Hiran H.Senewiratne
CSE trading activities began on a positive note yesterday but during the latter part of the day the market experienced a dip on account of the overall supply chain economy being subjected to a contraction, stemming from the fuel crisis. Consequently, CSE activities were relatively low keyed, market analysts said.
“We are reverting to the negative. There is uncertainty on all fronts, from the political to the economic. Therefore, we are expecting a rate hike on Thursday. This is creating a bit of a cloud and we may see this continuing further, a top market analyst said.
Even if top level decision- making is happening in Sri Lanka the impact is not felt at the grassroots level. This has resulted in unrest in the country, the analyst said.
Amid those developments, both indices moved downwards. The All- Share Price Index went down by 97.9 points and S and P SL20 declined by 34.3 points. Turnover stood at Rs 1.3 billion with one crossing. The crossing was reported in JKH, which crossed 600,000 shares to the tune of Rs 73.2 million, its shares traded at Rs 122.
In the retail market, the top seven companies that mainly contributed to the turnover were; Lanka IOC Rs 611 million (7.3 million shares traded), Expolanka Holdings Rs 173.9 million (one million shares traded). LOLC Holdings Rs 47.4 million (120,000 sha4es traded), Hayleys PLC Rs 46.5 million (697.000 shares traded), Browns Investments Rs 46.3 million (6.4 million shares traded), JKH Rs 21 million (173,000 shares traded) and Softlogic Holdings Rs 20.5 million (794,000 shares traded). During the day 109 million share volumes changed hands in 15000 transactions.
The International Monetary Fund said last Thursday its talks with crisis-hit Sri Lanka had been “constructive”, thereby raising hopes it would soon grant preliminary approval for a desperately needed financial support package, observers said.
Meanwhile, the Colombo Consumer Price index rose 54.6 per cent year-on-year in June against a 39.1 per cent rise in May, according to the Statistics Department.
Yesterday the US dollar rate was Rs 360.73, which is now being controlled due to the prudent fiscal and monetary policies of the Central Bank.
Dialog Club vision members receive access to an exclusive screening of ‘Jurassic World Dominion’
In a bold and breath-taking new global adventure, the epic conclusion to the Jurassic film franchise ‘Jurassic World Dominion’ hit theatres across the world on June 10. Just a day after its global premiere, Dialog Club Vision Red members and their loved ones received special access to an exclusive screening of the film at the Kandy City Centre Multiplex on June 11.
The explosive end to the Jurassic era sees two generations of the film’s franchise unite for the first time with Hollywood’s Chris Pratt and Bryce Dallas Howard joined by Oscar winner Laura Dern, Jeff Goldblum and Sam Neill. Dialog Club Vision members were some of the first to witness the utopian world where Dinosaurs and humans co-exist.
With the best interests of its members and their loved ones at heart, Dialog Club Vision continues to deliver a world of exclusivity and privileges such as personalized care, exclusive discounts and offers, lifestyle and entertainment events and more. To explore more exciting offers available for Dialog Club Vision members, and to learn more about Sri Lanka’s premier loyalty programme, customers can visit the MyDialog App or visit dialog.lk/club-vision
BASL urges President to de-escalate tensions in different parts of country
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