Seylan Bank partners with PayHere to empower Sri Lankan businesses with online payments Source:-www.ft.lk Seylan Bank Head of Digital Banking Channels Chaminda Senewiratne (left) and PayHere CEO Dhanika Perera  Seylan Bank has joined hands with PayHere, Sri Lanka’s preferred payment gateway service, to empower small businesses with online payments. This strategic partnership allows the new merchants to join PayHere with any local bank account. Seylan Bank has long been a pioneer of digital banking in Sri Lanka, providing a wide array of products and services for individuals and enterprises. PayHere is a Fintech solutions provider that enables businesses and organisations to accept online payments from customers through multiple payment methods. The strategic partnership with Seylan Bank removes the bottleneck PayHere merchants had of needing to have a specific bank’s account by enabling the use of their preferred business bank account to start accepting online payments via PayHere.  Seylan Bank contributed ...

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Xiaomi beats Apple to become world’s No. 2 smartphone maker Source:–www.ft.lk WASHINGTON (AFP): Chinese electronics firm Xiaomi has overtaken Apple as the number two global smartphone maker in a sizzling market with consumers emerging from lockdowns, a new survey showed. The Canalys survey of second-quarter sales released showed worldwide smartphone sales up 12%, with South Korea’s Samsung holding its top position with a 19% market share. Xiaomi meanwhile surged to the number two position for the first time ever with a 17% share as sales jumped 83%, according to Canalys. Apple dropped to the number three position with iPhone sales up just one%, after getting a lift from last year’s new models. “Xiaomi is growing its overseas business rapidly,” said Canalys research manager Ben Stanton, citing gains of 300% in Latin America, 150% in Africa and 50% in Western Europe. “And as it grows, it evolves. It is now transforming ...

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Colombo stock market returns to past glory as investors get bullish Source:–www.ft.lk ASPI crosses 8,000 points and turnover tops Rs. 6 b as bourse gains to 5-month high  Active investor play on Expolanka sees stock generating Rs. 40% of turnover or Rs. 2.5 b; share price gains Rs. 8.30 (15.23%) to close at Rs. 62.80 The Colombo stock market yesterday lived up to its true expectations or relived past glory generating over Rs. 6 billion turnover with strong investor play pushing indices up. The All Share Price Index gained by 0.7% or over 55 points to finally settle comfortable above 8,000 points at 8,022.55 points. The S&P SL20 gained higher by 1.7% or over 51 points. Turnover was a five-month high at Rs. 6.22 billion with 439 million shares traded. The Colombo bourse however continued to suffer from aggravated net foreign selling with Rs. 1 billion for the second consecutive ...

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Sri Lanka-Oman National Chambers of Commerce sign MoU to boost trade and investment Source:Ft Ambassador Ameer Ajwad presents the logo pin issued by the Embassy of Sri Lanka in Oman to mark the 40th anniversary of diplomatic relations between Sri Lanka and the Sultanate of Oman, to OCCI Chairman Eng. Redha Al Saleh. Embassy of Sri Lanka First Secretary Dilini Abeysekara accompanied the Ambassador  National Chamber of Commerce of Sri Lanka (NCCSL) and the Oman Chamber of Commerce and Industry (OCCI) signed a Memorandum of Understanding (MoU) on 7 July to enhance trade and investment between Sri Lanka and the Sultanate of Oman. President of the NCCSL Nandika Bhuddipala and the Chairman of the OCCI Eng. Redha Jumah Al Saleh, virtually signed the MoU. The signed copy of the MoU was ceremonially handed over to the Ambassador of Sri Lanka to the Sultanate of Oman Ameer Ajwad who witnessed the ...

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Sri Lanka first in South Asia with Submarine Cable Protection and Resilience Framework   Source:Ft Sri Lanka last week launched the Submarine Cable Protection and Resilience Framework at a stakeholder meeting chaired by Secretary to the President Dr. P.B. Jayasundera. Sri Lanka is the first country in Asia to come up with such a framework, and this was possible with the generous support of the Japanese Government through the United Nations Office on Drugs and Crime (UNODC) Global Maritime Crimes Program (GMCP). In this new age of lockdowns, remote working and virtual conferences, our reliance on global digital communications has grown dramatically, yet most people incorrectly assume that satellites are responsible for sending data. In reality, more than 99% of all international digital data and communications are transferred via a network of more than 400 cables, which span a distance of more than 1.8 million km across the world’s oceans. ...

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From Villain to Unsung Hero-by CAPT G.A Fernando   Source:Island One winter morning in 1998, as a part of the SIA crew while planning a departure from Kimpo (Gimpo) International Airport Seoul South Korea, in our Airbus A 340 aircraft, we realised that it had snowed all night and the runway surface was ‘contaminated’ with melting snow (Slush). We had been told time and time again by the performance experts that a depth of snow, slush or standing water more than 3mm (1/8th of an inch), the proverbial SriLankan Baas’s ‘Noola’, on more than 25% of the Runway, it is considered to be contaminated. The Kimpo Airport Authorities hadn’t cleaned the runway surface like in most other airports. A contaminated runway poses a whole host of problems for pilots attempting to take-off. Because of the natural resistance of the water, snow or both on the runway in varying degrees and depths, ...

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Dinesh Priyantha to lead sri lanka team for Tokyo Paralympic Games-by Dhammika Ratnaweera Source:Dailynews Priyantha Herath who won the bronze medal at the last Rio Paralympic Games will lead the nine member Sri Lankan team to Tokyo Paralympic Games which is scheduled to be held from August 24 to September 5 . The President of the National Paralympic Committee(NPC) Lt Colonel Deepal Herath said that nine competitors from four sports got a chance to represent Sri Lanka at theTokyo Paralympics and that is a great achievement by Sri Lankan para athletes during this period especially due to lack of competitions due to Global pandemic situation . Six athletes from Sri Lanka and two of them skipper Dinesh Priyantha Herath and Samitha Dulan both from Javelin throw event got direct qualification while only women’s competitor Kumudu Priyanka qualified by Universality place for the Tokyo Games . The 34 year old Dinesh ...

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How cricket can help overcome Lanka’s foreign reserve woes-by Rex Clementine Source:Island There are some concerns about the national economy with former Prime Minister Ranil Wickremesinghe raising alarm about diminishing foreign reserves. Listening to the UNP leader one recalls the pithy local saying, ‘bale thiyanakota mole ne, mole thiyanakota bale ne’ (when one has power one has no brains, and vice versa). Under his watch, men in three piece suits put professional banker robbers to shame; they walked away with billions of rupees in the form of fraudulently obtained Treasury bonds. The great game of cricket helps take a man’s mind out of his troubles and if properly utilized, and could solve our foreign reserves crisis as well. The upcoming six-match limited overs series will see Sri Lanka Cricket earning as much as US$ 12 million as television revenue. SLC sources inform us that maintaining several bio-secure bubbles for players, coaching ...

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