Huawei released its 2021 Annual Report recently, revealing that the company had maintained solid operations throughout the past year. As per the report, Huawei achieved CNY 636.8 billion in revenue in 2021, and CNY 113.7 billion in net profits, an increase of 75.9% year-on-year. The company’s R&D expenditure reached CNYContinue Reading
Asia-Pacific is ripe with opportunities for digital transformation, and the pandemic has accelerated it. According to the Asian Economic Integration Report 2021, Asia Pacific would reap an economic dividend of more than $1.7 trillion yearly or more than $8.6 trillion to 2025. The increased use of digital technologies will resultContinue Reading
~The new campaign celebrates the confidence and self-belief of the Sri Lankan youth~ One Word. Four Letters. A million believers – SWAG. This summer, Pepsi® is all set to inspire the youth of Sri Lanka with its new campaign that reiterates its SWAG philosophy. The youth has never been moreContinue Reading
Lack of fuel has disrupted operations at several power plants in Sri Lanka leading to an extension of power cuts. According to sources, there could be a possibility of extending power cuts up to 10 hours per day from next week.Continue Reading
The newly arrived U.S. Ambassador to Sri Lanka, HE Julie J. Chung, met with the Board of Directors of the American Chamber of Commerce in Sri Lanka (AmCham Sri Lanka) on the 16th of March 2022. Ambassador Chung was welcomed by the Office Bearers and visited the AmCham Secretariat locatedContinue Reading
EFL 3PL, a fully owned subsidiary of Expolanka Holdings went beyond expectations, winning Gold in the large category for Warehousing & Distribution at the prestigious National Logistics Awards organized by Sri Lanka Logistics & Freight Forwarders’ Association (SLFFA). EFL 3PL shone further by grabbing the “Outstanding Application” award. As a testament toContinue Reading
A default in the electricity transmission line has forced authorities to impose longer power cuts in the Southern province. According to sources, this default has resulted in not being able to generate power in Colombo and transmit to the Southern province. The authorities are taking necessary measures to rectify theContinue Reading
Wins Youth Choice brand of the year and Durable brand of the year as well Singer Sri Lanka PLC, the country’s premier consumer durables retailer, has clinched three prominent awards at the recent SLIM-KANTAR People’s Awards 2022, organized by the Sri Lanka Institute of Marketing (SLIM). These wins reiterate Singer’sContinue Reading
To improve e-commerce connected data in Sri Lanka, the Sri Lanka Association for Software Services Companies (SLASSCOM) and Daraz Sri Lanka recently signed a much-awaited Memorandum of Understanding (MoU). A national e-commerce penetration and use survey launched by SLASSCOM and Daraz covers about 3,000 e-commerce users across the 25 regionsContinue Reading
EDEX Expo, Sri Lanka’s Premier and Largest Education Exhibition and Job Fair, returns after a break due to the pandemic, in a new and contemporary format, as a Hybrid Expo, on the 26th & 27th of March 2022 at the Royal MAS Arena, Colombo 07 and online, as a VirtualContinue Reading