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SLT partners with Fon Wireless to create community Wi-Fi network

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SLT (Sri Lanka Telecom) has once again put their customers first. With the launch of the sltgo Wi-Fi solution, SLT broadband customers and overall internet consumers of Sri Lanka will be able to enjoy Wi-Fi connectivity on the go via community Wi-Fi networks. This connectivity will extend to over 23 million Wi-Fi hotspot connections in over 25 countries around the world.

Community Wi-Fi networks offer wireless network access to visitors and nearby users thus creating a virtual public Wi-Fi network.

Fon Wireless Limited is a global wireless network that pioneered residential WiFi sharing over a decade ago. Recognizing this, SLT have partnered with Fon Wireless Limited to provide community Wi-Fi connectivity to SLT customers as well as non-SLT customers.

sltgo, Sri Lanka’s largest Wi-Fi network, allows access to unlimited data using your smart phone, mobile device or laptop for Prepaid customers. Existing Broadband customers will have also have access to data within the volume of their home broadband packages. When you are on the go, the sltgo app will automatically connect you to the nearest available Wi-Fi hotspot.

Users may access the service in two ways. SLT Broadband customers need to simply use their current username and password. Any other customers may enjoy this service by purchasing Wi-Fi passes as a prepaid solution to enjoy the service provided.

sltgo will create an additional Wi-Fi network in your home broadband; the private one already used by you and another for public sltgo consumers. The number of people who can use your home hotspot at a time is limited and subjected to maximum speed limitation giving priority to your private network, so your broadband experience will remain almost as same as before. The data used by public users are not consumed from your home broadband data volume. Your home/private Wi-Fi signal is separate from the sltgo or Fon public signals so your data and information will be kept separate from public users of your network.

Existing SLT customers can call 1212 to activate this service. If you buy a new connection from SLT this solution will be automatically added to your product subscriptions free of charge.

Upon activating the service, you can access community networks in Sri Lanka either by downloading the sltgo mobile app or using the sltgo web portal. To access community networks overseas, users can connect using the sltgo mobile app or select a Fon network in your Wi-Fi settings. When using the mobile app, customers who have logged in using their SLT broadband ID and password, will automatically be connected to sltgo when in range of a Wi-Fi hotspot. sltgo can be selected in Wi-Fi settings if it doesn’t automatically connect the first time. Hotspots may be located using the Find Hotspot Map via the sltgo app.

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realme dares to leap into Sri Lankan youth market with cutting edge devices

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realme, the world’s fastest-growing smartphone brand, launched its products in Sri Lanka on the November 23. The virtual launch event took place with the participation of Chanux bro and realme Sri Lanka team where benchmark, trendsetting realme products were introduced to the Sri Lankan market.

The launch expands the reach of the fastest smartphone brand to reach 50 million product sales worldwide, to a brand new market with young users looking for the very best in technology and smart devices. Ranked among the Top 5 brands in over 13 markets globally in just two years of operation, realme is ranked seventh globally. Proclaiming it will ‘dare to leap’, realme identifies with young people who are willing to take a risk, and has launched four cutting edge products to the Sri Lanka market, set to exceed expectations.

realme 7 – sharper captures and cooler gaming with faster charges

realme 7 grabs the imagination of the youth with a 64MP Quad Camera with Sony IMX682 sensor for sharper captures, the World’s First MediaTek Helio G95 Gaming Processor for cool gaming and a 30W Dart Charge, taking just 26 mins to get 5000mAh battery 50% Charged. The sleek smartphone comes with a 6.5-inch 90Hz Ultra Smooth Display with a 16MP In-display Selfie Camera and Starry Mode.

The first smartphone to have passed TÜV Rheinland Smartphone Reliability, realme 7 is the first in segment smartphone with the Sony 64MP Quad Camera.

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President to inaugurate CCC Sri Lanka Economic Summit

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Sri Lanka’s foremost economic summit will be inaugurated by Chief Guest Gotabaya Rajapaksa, President of the Democratic Socialist Republic of Sri Lanka on December 1. The summit is themed “Roadmap for Take-off: Driving a People Centric Economic Revival”. The President will also deliver the inaugural address.

Mahinda Rajapaksa, Prime Minister of the Democratic Socialist Republic of Sri Lanka, will launch the second phase of the summit on December 2 and participate in the VVIP session focused on “Empowering Take-off: Efficient Government and Progressive State Enterprises.”

The Inaugural session on December 1, commencing at 8.30am will feature addresses by keynote speaker Nirmala Sitharaman, Minister of Finance and Corporate Affairs of the Republic of India and Guest of Honour Ajith Nivard Cabraal, State Minister of Money and Capital Markets and State Enterprise Reforms. Dr. Hans Wijayasuriya – chairman of the Ceylon Chamber of Commerce will deliver the welcome address.

The flagship summit will be held on a virtual format in compliance with health guidelines and will bring together key policymakers, business leaders as well as the input of top international thought leaders will come together to identify the steps in developing the pathway towards the accelerated and people centric revival of the country’s economy.

Participants may register for the entire two-day virtual summit, or pick the sessions of their choice, an opportunity offered for the first time. Registrations for the event are now open. For further information, please contact Niroshini on niroshini@chamber.lk or 0115588852; or Alikie on alikie@chamber.lk or 0115588805. (CCC)

 

 

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Central Bank’s policy rates decision to be driven by two options

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by Sanath Nanayakkare

The Central Bank will be reviewing its monetary policy stance on November 26. In this context, First Capital Research has put forward strong arguments both for and against an interest rate cut, in its Pre-Policy Analysis.

Making their argument against further relaxation in monetary policy First Capital said, “As a response to the measures taken by the government, private sector credit has improved to Rs. 87.4Bn in September while market liquidity reached Rs. 140 bn by 13th Nov indicating that there is surplus liquidity in the system. Moreover, the unemployment rate, which was at 5.7% in the 1Q2020 has declined to 5.4% in the second quarter. These indicators suggest that economic activity has remained steady without much deterioration in the 2Q. Except the GDP growth numbers, where the 2Q2020 figures are yet to be seen, other indicators are signifying a recovery, inquiring the need of further policy easing at the upcoming review”.

“In response to previous monetary easing measures implemented by CBSL, to bring down costs of borrowing of businesses and households, both market deposit and lending rates adjusted notably so far during the year. AWPR declined to historic lows in recent weeks, while banks’ lending rates also witnessed a downward adjustment in line with CBSL’s expectations. We believe that considering the recovery in the private credit and historic low levels in AWPR, there is no vital requirement for CBSL to provide a rate cut and to further bring down the market lending rates drastically”.

Their arguments for further relaxation in monetary policy was: “A thrust for development is the need of the current government. We estimate that Sri Lanka’s GDP would see its steepest contraction in history of -5.8% in 2020 following the unexpected contraction in 1Q GDP growth of -1.6% while 2Q GDP figures are yet to be seen. However, the government’s key drive is the development oriented economic growth which was spelt out through the budget 2021 as well. Accordingly, the government plans to reach 6% and above GDP growth during the next 5 years commencing from 2021. As we believe, a development-oriented budget coupled with further low interest rate environment can support the government’s medium-term goals. Therefore, the need to accelerate the GDP growth can be considered as a major factor favouring further policy easing at the upcoming review.”

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