Business News

Data security is creating fear and trust issues for IT professionals, according to the third-annual Oracle and KPMG Cloud Threat Report 2020.

David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view:

The shared passion that attracts like-minded organisations to each other was clearly articulated when Emirates, the world’s largest international airline, greeted Dilmah founder Merrill J. Fernando recently, on the occasion of the 90th birthday of the celebrated Sri Lankan entrepreneur and humanitarian.

Top textile manufacturer Teejay Lanka PLC has ended 2019-20 on an encouragingly strong note, despite its projected fourth quarter profit growth being eroded by production shutdowns at all plants in conformity with the lockdowns in Sri Lanka and India necessitated by the COVID-19 pandemic.

CH17 Loyalty, that facilitates the rewards and appreciation program for healthcare professionals and rapid responders, has appointed PR Wire, the leading Strategic Public Relations and Impact Relations experts to handle all Communications and Stakeholder relations activities supporting a valuable initiative launched in Sri Lanka.

The Public Utilities Commission of Sri Lanka (PUCSL), Ceylon Electricity Board (CEB) and Lanka Electricity Company Private Limited (LECO) have taken steps to ensure fairness for electricity consumers in issuing monthly electricity bills and allowing a grace period to pay the monthly bills.

Healthy growth in business volumes and an extraordinary contribution from other income, before the slowdown attributed to the COVID-19 pandemic, have enabled the Commercial Bank of Ceylon PLC to make a steady start to 2020, despite the continuing increase in impairment charges quarter-on-quarter.

The cumulative market capitalization of automotive companies has fallen by US$564bn in the first quarter (Q1) of 2020 as the COVID-19 crisis battered the share prices across the sector, says GlobalData, a leading data and analytics company.

With Sri Lanka’s police-imposed curfew gradually relaxing and life being brought back to the island in the coming weeks, George Steuart Health has stepped forward to aid in a safe transition back to normal life for the citizens of this country.