Biz Briefs

Broadband connectivity: SL ranked 47

Sri Lanka has been ranked 47 among top 50 countries with broadband facilities, according to a recently released report – Akamai - ‘State of Internet’ 2Q (SOTI). Sri Lanka has outperformed Australia, India, Malaysia and China.

Despite progress, Malaysia lags behind Sri Lanka and Thailand in average internet speeds over the second quarter this year, as Asian countries set global benchmarks in the 2015 State of the Internet (SOTI) second quarter report.

The report, released by the content delivery network services firm Akamai Technologies Inc, said Sri Lanka registered a 50 percent year-on-year improvement to increase its average speed to 5.3 Mbps.

Singapore to help revive LakSathosa

Singapore has extended its support to revive LakSathosa, Sri Lanka’s sole State-owned retail chain In a significant development affecting Sri Lanka’s retail market segments. The immediate offer of support comes in the wake of a Ministerial level call made recently in Colombo, High Commissioner Chandra Das, the former Member of Parliament of Singapore from Chong Boon said.

In 2014, Singapore was in fourth place in the list of Sri Lanka’s main importing countries representing 6.6% of Sri Lanka’s total imports.

The LakSathosa retail chain has over 310 outlets.

SriLankan bags award

SriLankan Airlines was awarded the Superior Achievement in Passenger Experience - Asia Pacific Region, at the APEX Awards – 2015 in Oregon, USA, in what most consider to be the Oscars of the Airline world.

The global award presented to SriLankan Airlines, recognizes a remarkable surge in improvements made to Passenger Experiences on-board and on-ground by the airline.

SriLankan Airlines Director and CEO Rakhita Jayawardena made the keynote presentation as the opener to the awards night, where he outlined his vision for the national carrier.

Techno 2015 concludes today

The Techno 2015 exhibition at the BMICH, Colombo, will conclude today.

Leading companies are showcasing new products which are expected to cut cost and improve productivity. Among them are JLanka Technologies which showcases an array of revolutionary products and POCs setting a trend in the technology market on how to ‘Redefine Energy’.

In a future that is heading towards integration, energy efficiency, environmental awareness and protection and technological advancements to make life better for all, J Lanka Technologies is diversifying to have a one-stop-shop for solutions.

Finance Minister Ravi Karunanayake who accompanied Prime Minister Ranil Wickremesinghe on his visit to Japan last week, met Japanese Foreign Minister Fumio Kishida at the Japan-Sri Lanka Business Cooperation Committee meeting at the New Otami Hotel, Tokyo. Here Prime Minister Ranil Wickremesinghe introduces Finance Minister Ravi Karunanayake to the Japanese Foreign Minister.