Liberty Plaza re-opened after being shut over weekend

The Liberty Plaza Shopping Complex in Kollupitiya had been closed for the weekend after several persons were detected with the COVID-19, the area Medical Officer of Health (MOH) said. According to the MOH, initially, several security officers were found infected with the virus while several other employees working in several shops were identified as COVID-19 […]

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Odel to operate Arcade Independence Square

Softlogic Holdings subsidiary Odel PLC has entered entered into an agreement with the Urban Development Authority (UDA) to lease, operate and mange Arcade Independence Square for a period of 10 years commencing from April 1, 2021, with an option to renew for a further 10-year period subject to terms and conditions of the lease agreement. […]

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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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SLT and Mobitel join forces: Brand unification makes history

Sri Lanka Telecom (SLT) and SLT Mobitel on Friday (1) created a historic unification of products and services by unveiling their unified brand identity at an event that took place at the SLT Headquarters. SLT Group Chairman Rohan Fernando, Group Chief Executive Officer Lalith Seneviratne, Chief Executive Officer Kiththi Perera, SLT Mobitel Acting CEO Chandika […]

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Alibaba CEO strikes conciliatory tone on China’s plans for tougher tech regulation

Alibaba CEO Daniel Zhang has described plans by Chinese regulators to tighten restrictions on internet companies as “timely and necessary.” The remarks from Zhang come as Alibaba (BABA) finds itself in the crosshairs of Chinese regulators. News of an imminent crackdown sent shares in the company and other Chinese tech giants plunging earlier this month. That came after officials slammed the brakes on […]

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World’s most expensive cities revealed

Paris has come top of a ranking of the world’s most expensive cities, alongside Hong Kong and Singapore. It’s the first time three cities have shared the top spot in the 30-year history of the annual Economist Intelligence Unit survey, which compares prices in 133 cities globally. The French capital – which was ranked second […]

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