Sri Lanka must seize the moment when the Indian Ocean becomes the growth region of the world, Prime Minister Ranil Wickremesinghe said last evening. “I believe in branding, and we always say, the UNP is the best brand for Sri Lanka,”the Prime Minister said. He was speaking at an awards …
Two days ahead of the second One-day International against India, the Sri Lankan cricket team was left stranded in the hill town that has been lashed by heavy rain.
Softlogic Information Technologies Pvt Ltd, one of the country’s leading software and hardware solutions providers and a subsidiary of Softlogic Holdings PLC, won the top AEM (Asia Emerging Markets) Award at the South Asia Partner Summit 2017 held recently in Ho Chi Minh City, Vietnam.
This recognition has been awarded based on performance as top AEM Commercial Metal Partner Tier-1 Category Winner -contributed at 11 percent of the total AEM Commercial Metal Partner Tier-1 Revenue @ 20 percemt YoY growth in FY17.
The 4-day event featured Dell’s new technologies and innovations, strategic insights, and exclusive networking opportunities for the global giant’s most valued partners in the South Asia region. Participants were able to gain valuable insights and transformation strategies to empower their customers to thrive in the digital era. Several top Dell EMC executives and a distinguished line-up of guest speakers lent their expertise and shared their experiences with the audience.
Softlogic Information Technologies is currently the leading importer of Commercial PCs to Sri Lanka. The company also markets and distributes notebook computers, servers, storage, network infrastructure and printers. It looks to provide the world’s best products and services to its customers, while consolidating its market leadership. The company has been the Platinum Partner for Dell EMC and has been marketing Dell products in the country for well over two decades. Over the years, Softlogic Information Technologies has won several awards from Dell for its outstanding performance and commitment to the Sri Lankan IT Industry. In recent years, the company received the prestigious ‘Dell Platinum Partner’ status and ‘Most Valuable Partner in Asia Pacific’ and the Dell Power Awards 2014 as the ‘Best Partner for the Year’. The company has also aligned strategic partnerships with some of the world’s leading technology vendors such as Microsoft, Lenovo, VMware, EMC, Molex, Cisco, Happy or Not, Glory and many other brands in order to provide state-of-the-art solutions to customers.
Speaking about the award win, Softlogic Information Technologies Director/CEO Roshan Rassool stated, “We are honoured to receive this prestigious award from Dell at the South Asia Partner Summit 2017. While the AEM consists of 27 countries, this win highlights our status as the leading IT platform based solution provider in Sri Lanka and the region. This regional recognition by the global leader in the IT industry also demonstrates Sri Lanka’s abilities in IT on the global stage. I am thankful to each and every team member of Softlogic Information Technologies for their hard work, dedication and passion – unmatched qualities that have made us the best in the business.”
Softlogic Information Technologies (Pvt) Ltd. is a subsidiary of Softlogic Holdings PLC, a group of companies which has an annual turnover of over Rs. 59 billion. Softlogic Holdings PLC, rated as one of Sri Lanka’s most dynamic diversified conglomerates in Sri Lanka, has expanded and entered the key growth sectors of Retail, Healthcare, ICT, Automobiles, Travel & Leisure, Finance and Insurance, holding authorized distributorships for a number well-known global brands.
An exuberant Prime Minister Ranil Wickremesinghe last night struck an optimistic note throwing his support behind the private sector insisting local companies had the capacity to compete and win globally, and calling on them to embrace competition as it was the “deliverance” of Sri Lanka’s growth challenges.
President Maithripala Sirisena today requested all Railways Department employees including train drivers who are on strike to report to work considering the difficulties faced by the general public and the students who are sitting the GCE O/L exam.
Eight Trade Unions belong to the technical service of the government railway have decided to end the strike and report to the duty.
These unions have informed their decision to President Maithripala Sirisena and Minister of Transport and Civil Aviation Nimal Siripala De Silva, Secretary to the ministry G.S. Vithanage told News.lk today (11th Dec.).
Answering a question asked, Mr. Vithanage also said that considering the present strike situation, the decision to ask retired workers to report to work is a justifiable action.
Meanwhile, the Sri Lanka Transport Board says that additional buses have been added to the service today due to the train strike.
The Deputy General Manager R.R.T Chandrasiri said buses have been deployed to all the areas from Colombo.
ECONOMYNEXT – The rapid aging of Sri Lanka’s population and fall in the share of working people will affect the country’s long-term productivity growth, a new study has said.
The economy’s progress may be impacted by an aging population that will put pressure on pensions and social expenditures, according to the joint study by Asian Development Bank and International Labour Organization.
“The decline in the working population as a share of the total will have a tremendous impact on the macroeconomic structure in consumption and investment, affecting long-term productivity growth,” it said.
“This will have significant impact on the economy on various fronts, including decreasing demographically determined tax contributions and increasing the tax burden of social welfare,” it said.
The aging population also means a decline in the relative size of the economically active people, a changing dynamic in the migration of the labor force and changes in the structure of demand for goods due to a shift in the age structure.
“Slowing population growth will reduce the labor force participation rate and impede production in the economy,” the report said.
“As it is, the country is also losing a large portion of its workforce to overseas employment.”
The study noted that for an aging society with a decreasing labor force to sustain consumption levels, productivity growth has to be enhanced, driven by increased physical capital intensity and strengthened human capital.
“It is important for the Government of Sri Lanka to anticipate the potential impact of the demographic transition on economic development and develop strategic plans to avoid a potentially harsh transition.”
(COLOMBO, December 11, 2017)
New York City Police say a man is being held after an explosion at a bus station in Manhattan.
State Minister for Foreign Affairs Vasantha Senanayake attended the 10th Bali Democracy Forum (BDF-X) in Jakarta recently.
Speaking at the Ministerial Panel of BDF-X, the State Minister observed that the Forum is significant to Sri Lanka as the current national unity government is taking a number of measures to reinforce democracy by addressing diversity, security, equality and social justice of the people under the theme of good governance. He added that the government also restored freedom of expression and media freedom, which are two crucial pillars of democracy. The State Minister also highlighted the firm commitment of the government to strengthen, uphold, promote and protect equity and social justice in Sri Lanka with a resolve to achieving reconciliation, ensuring durable peace and non-recurrence of violence, promotion and protection of human rights, ending impunity and upholding the rule of law, and strengthening good governance and democracy and equitable and inclusive development.
The State Minister for Foreign Affairs Vasantha Senanayake was among several Ministers including Tunisia, Jordan, Qatar, Papua New Guinea, Madagascar, Samoa, Suriname and ASEAN Secretary General who participated in the 10th BDF Ministerial panel discussion which was followed by a lively interactive session.
During the visit, State Minister Senanayake met with Indonesian Foreign Minister Retno Marsudi and Deputy Foreign and trade Minister of Brunei Darussalam Dato Sri Paduka Haji Erywan bin Pehin Yusof and discussed matters related to further strengthening the bilateral relations. The State Minister also briefly engaged with participating Ministers at BDF including Ministers of Kazakhstan, Jordan, Timor Leste, Samoa and others.
The Excise Amendment Bill, under which rules would be made to obtain a license when tapping coconut and palmyrah trees, was presented to Parliament today. Under the section 15 of the Bill, a license has to be obtained to tap coconut and palmyrah trees. No license is needed to tap Kithul trees …