On March 12, the World Health Organisation (WHO) declared the new coronavirus, COVID-19, to be a pandemic. With cases in Sri Lanka reaching over a 100, the government of Sri Lanka has taken several measures to prevent the spread of this disease. One such measure was enforcing an islandwide curfew.
As organisations make their operations more agile in response to a quickly evolving marketplace, many operational technology (OT) systems are being connected to the outside world for the first time. This trend promises great benefits for organisations but also directly exposes OT systems to cyberthreats they were never prepared to address.
In an increasingly fast-paced world, disruption can be caused by an ever-growing number of sources. A brand’s ability to navigate this shifting landscape is often contingent on its agility, and its ability not just to respond but effectively drive disruptive innovation.
As the role of smart tech in people’s lives expands even further, developers have become a driving force for software innovation. At Microsoft, we are working to enable even greater developer opportunity and innovation by providing the best experiences to all developers, on any device, with powerful tools, an open platform and a global cloud.
The Pathfinder Foundation from its inception has been an active contributor and participant in the economic policy and the development dialogue in the country. When the Millennium Challenge Corporation (MCC) was established in 2004, we were keen to assess whether Sri Lanka could meet the stringent criteria and qualify for an outright grant that would send a strong signal beyond borders that Sri Lanka is moving in the right direction.
Labour markets are undergoing rapid changes, while technological advances, income growth and urbanisation are transforming lifestyles. Traditionally, most employees worked regular work hours, from morning to evening and went home to be with their families. But, with lifestyle changes, people do not spend as much time at home. Such behaviour is making inroads into labour markets, as businesses stay open late to provide services.
Production disruptions in China have adversely affected international value chains that have been increasingly dependent on inputs from China, in recent years. Where Sri Lanka is concerned, China is an important source for raw materials and other inputs for manufactured exports.
Both service providers as well as their customers rely on technology to help their operations and business growth. Technology can be used to break down regional barriers and to enhance the ability to operate as one global team. Many service providers have acknowledged the need to modernise business operations and get onto the latest solutions.
As the cacophony of noise predicting economic implosion from the bloated fiscal deficit and public debt pile up is getting louder every day, it is important to put the things into correct perspective for the benefit of everyone.
Hubert Joly (born August 11, 1959) is a businessman, currently serving as Executive Chairman of Best Buy. He was the former President, CEO and Director of Carlson Wagonlit Travel (CWT). It is a privately held international conglomerate in the hotel, travel and restaurant franchise industries, employing more than 175,000 people in more than 160 countries and territories.
Today, sustainability is fast becoming a very relevant and essential aspect of our lives. This has come about as a response to the high degree of consumerism that prevails in the world today and the resulting large use of fast depleting natural resources, giving rise to global warming and climate change.
Sri Lanka is well recognised as a leader in gender-equal education in the developing world; the World Bank statistics show that the primary and secondary school enrolments and completion rates are similar for girls and boys, while girls have higher enrolment and retention rates in upper secondary and tertiary education.
Recently emerging markets investment expert Mark Mobius said that Sri Lanka should target 10 million tourists in response to new government’s target to attract 4 million tourists, and to earn 10 billion dollars from tourism by 2025.
Which of the following would you associate coconut shells with: fuel, ladles, salt-container, dental care, gold extraction, respirators, cabin air treatment, chemical industry, drinking water purification, industrial air treatment, pharmaceutical industry, super capacitors, ‘kon pittu’?
Sri Lanka achieved the ‘upper-middle-income country’ (UMIC) status in July 2019, as the country’s gross national income (GNI) increased from US $ 3,840 per capita in 2018 to US $ 4,060 per capita in 2019. The World Bank’s (WB) new threshold for UMICs is US $ 3,996–US $ 12,375 GNI per capita.
Seventy two years ago, Sri Lanka gained independence from the shackles of British rule. This meant the autonomy to govern our people, the freedom to create and maintain our institutions and the ability to carve our own political narrative. Beyond political liberty, independence also restored our control over land, resources and Sri Lanka’s economy; we obtained the prerogative to our prosperity.
The World Health Organisation has warned all governments to ‘take action’ over the SARS-like virus that originated in Hubei China. Top economists estimate that 90 percent of the economic impact from health epidemics stems from people’s fear of the unknown. If that’s right, the world economy should brace itself for the full impact of the Wuhan coronavirus.
The Chinese approach to a better future of humankind is based on the Chinese historical and cultural values with two fundamental ideas: community sharing and mutual connectivity. Prof. Wang Yiwei from China mentioned this in his keynote speech on ‘Belt and Road Initiative (BRI): Challenges and Way Forward’ delivered recently, at the auditorium of the Ceylon Chamber of Commerce (CCC), in Colombo.
Fonterra to proceed with sale process for Consumer businesses
BOI signs US$ 12.16mn deal with Celogen Lanka
Nissan to lay off thousands of workers as sales drop
EU Ambassador meets new BOI Chief to discuss economic ties
SLCERT warns WhatsApp users against sharing OTPs to prevent hacking
NPP heading for clear parliamentary majority
Police officer, two election officials die while on duty on election day