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SLT-MOBITEL unveils new theme ‘No Dream Too Big’ laying formidable blueprint for 2022

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Forging ahead towards the New Year, SLT-MOBITEL, the National Information and Communications Technology (ICT) Solutions Provider unveiled its new theme ‘No Dream Too Big’ to the general public and ceremonially opened the newly built reception area at the Sri Lanka Telecom Headquarters at the ceremony to mark the New Year.

Participating in the ceremony were SLT-MOBITEL Senior Management including Rohan Fernando, SLT Group Chairman; Mohan Weerakoon PC, Director-SLT; Lalith Seneviratne, Group CEO; Kiththi Perera, CEO SLT; Chandika Vitharena, CEO Mobitel; Priyantha Fernandez, COO SLT; senior management, staff, customers and well-wishers.

In keeping with cultural traditions, the National Flag was hoisted, and the National anthem was sung, while religions leaders were present to bestow blessings to the organisation and staff for the New Year. During the event key New Year messages were also delivered by senior management.

The aim of launching SLT-MOBITEL’s newest and unique campaign ‘No Dream Too Big’ is to engage and reach people and win their hearts. Addressing the gathering, SLT group Chairman Rohan Fernando thanked staff for their commitment and loyalty to the organisation while elaborating on key initiatives the company is embarking upon in 2022.

Rohan Fernando, SLT Group Chairman stated “Going forward and looking at the year ahead I am very confident, with your support we can achieve much more in 2022 and make the SLT Group, the best place to work while being the leader in making digital Sri Lanka a reality. We at SLT-MOBITEL are at the centre of technology and best positioned to be a driving force. I thank all of you for your commitment and loyalty to our great organisation in the past and count on your passionate continuity in the new year.”

Since its historic brand unification one year ago, SLT-MOBITEL has contributed immensely towards the digitalization of Sri Lanka. Through its unified approach, SLT-MOBITEL has leveraged integrated technologies unlocking access to multi-platform telecom applications and solutions, offering customers a new world of telecom and lifestyle-impacting experiences.

Building a multitude of unique digital experiences for customers, SLT-MOBITEL scored a landmark first as the first Sri Lankan Company to enable fully fledged Amazon Alexa skills to manage its Home Broadband services. Additionally, SLT-MOBITEL also introduced an upgraded digital a one-stop customer support gateway, ‘MySLT App’ showcasing an exciting range of seamless self-care experiences.



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‘Economic Transformation Bill ‘ and ‘Public Financial Management Bill’ to Parliament on May 22 – Acting Finance Minister Shehan Semasinghe

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Acting Finance Minister Shehan Semasinghe announced plans to introduce two significant bills to Parliament on May 22, aimed at bolstering the country’s economy.

These bills, the “Economic Transformation Bill” and the “Public Financial Management Bill,” are designed to enhance the management of public finances, thereby safeguarding against future economic downturns.

Minister Semasinghe made this announcement during a press conference at the Presidential Media Centre today (20), themed ‘Collective path to a stable country’.

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Macroeconomic policies in Sri Lanka are starting to bear fruit: IMF

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Julie Kozack, Director of IMF Communications

However, the global lender still requires two things from Sri Lanka

By Sanath Nanayakkare

Julie Kozack, Director of IMF Communications, last week highlighted Sri Lanka’s macroeconomic policies, rapid inflation decline, and steady economic growth as commendable.

“Sri Lanka now anticipates finalizing debt restructuring with private and official creditors. Domestic debt operations are largely completed, paving the way for faster-than-expected economic recovery following the crisis”, she said.

“So, just stepping back and giving the lay of the land. On March 21st of this year, the IMF staff and the Sri Lankan authorities reached a staff-level agreement for the second review of the program and also concluded the and also finished the Article IV mission. Completion of the review by the Executive Board of the IMF requires two things. The first is implementation by the authorities of the agreed prior actions, and the second is the completion of the financing assurances review, and that would confirm multilateral partners’ financing contributions. And the financing review will also assess adequate progress with debt restructuring.”

“With respect to Sri Lanka’s economic performance, macroeconomic policies in Sri Lanka are starting to bear fruit. Commendable outcomes include a rapid decline in inflation, robust reserve accumulation, and initial signs of economic growth, while also preserving stability in the financial system. Overall, program performance has been strong. The next steps with respect to the debt restructuring are to conclude negotiations with external private creditors and to implement the agreements in principle with Sri Lanka’s official creditors. The domestic debt operations are largely completed. The initial debt restructuring negotiations with external bondholders ended in mid-April without an agreement, and discussions are continuing with a view to reaching agreement in principle. And on the official creditor side, these agreements in principle still need to be finalized,” she said.

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CMTA hosts forum to explore Sri Lanka’s economic growth and mobility

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On Left - Katsuki Kotaro, Deputy Head of Mission - Embassy of Japan delivers the keynote address. On Right - Thilaka Jayasundara (Secretary, Ministry of Education), Eng. Ranjith Rubasinghe (Secretary, Ministry of Transport and Highways), Bingumal Thewarathanthri (Chairman, Sri Lanka Bankers Association), Katsuki Kotaro and CMTA officials

The recent event organized by the Ceylon Motor Traders Association (CMTA), themed “Mobility and Economic Growth,” brought together key stakeholders and thought leaders to delve into crucial discussions shaping Sri Lanka’s economic landscape. The event, highlighted by a keynote speech from Katsuki Kotaro, Minister and Deputy Head of Mission at the Embassy of Japan, and a dynamic panel discussion, provided invaluable insights and strategies for sustainable growth and enhanced mobility.

Kotaro emphasized Sri Lanka’s significant strides in economic recovery since the challenges of 2022. He explained that Sri Lanka’s economy has rebounded since 2022, with steady growth rates approaching the 3% target for 2024. Inflation, previously at 70%, has dropped to 2.5%, though prices remain high. Government efforts and IMF support have stabilized the economy. He went on to explain, that Sri Lanka’s practical strategy should involve starting with hybrid vehicles until about 2030, then transitioning gradually to EVs and fuel cell vehicles by 2035, mirroring Japan’s carbon neutrality goals. This phased approach acknowledges Sri Lanka’s current infrastructure and fiscal limitations. It’s crucial to develop industrial policies that support automobile production and enhance mobility while balancing economic growth with environmental sustainability.

During the course of the discussion, Bingumal Thewarathanthri, Chairman of Sri Lanka Bankers Association, spoke about Sri Lanka’s current economic trajectory, and possible risks the country might face. He explained, “We don’t see a risk of not crossing this review. As a country, we’ve made significant progress in several areas, including fiscal policy and the external sector, which has performed exceptionally well. Although there are still areas that need improvement, particularly in debt restructuring, the requirement is to show meaningful progress rather than completion for the second review. Given our advancements, I’m confident that Sri Lanka will secure the $300 million needed to move forward.”

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