AIIB approves USD 180 mn loan to Sri Lanka

The Asian Infrastructure Investment Bank (AIIB) has approved Sri Lanka’s request for USD 180 million loan for the Covid-19 emergency and crisis response facility to be disbursed through the Bank of Ceylon (USD 90 million) and People’s Bank (USD 90 million), Sri Lankan Embassy in Beijing said. The loan application was submitted in 2019. Sri […]

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Dialog Posts FY 2020 Revenue Growth of 3%

Cashflows Support Rs28.8Bn in Investments and Rs18.8Bn towards GoSL Revenues YTD Revenue Growth at +3%, EBITDA Growth at +9% and NPAT at +12% Recommended Dividend: 50% of Earnings, 74 Cents per Share Rs 6.0Bn in Direct Taxes, Fees and Levies to GoSL: (Further Rs 12.8Bn in Indirect Taxes Rs12.8Bn) Rs 28.8 Bn in High Speed […]

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Bharti Airtel says its network is now 5G ready

Airtel said its 5G network is capable of delivering 10x speeds, 10x latency and 100x concurrency when compared to existing technologies. Bharti Airtel on Thursday said its network is now 5G ready and successfully demonstrating live 5G service over a commercial network in Hyderabad. “What we’ve really done is first of its kind dynamic spectrum […]

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 SL , born Billionaire investor Chamath Palihapitiya announces new details on a potential run for California governor

Billionaire investor Chamath Palihapitiya tweeted out a link to a “Chamath for California Governor” campaign website on Tuesday. Palihapitiya supports an effort to force a recall vote for current California Governor Gavin Newsom which would lead to a special election later in 2021. Some California residents have been displeased with Newsom’s performance, especially when it […]

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