'Sri Lanka's telecom industry competitive'
The overcrowded mobile phone industry in Sri
Lanka should go for mergers and acquisitions with intensifying
competition eroding profitability. Sri Lanka’s Telecom industry has
been overcrowded during the last couple of years and this remains
the key medium-term risk to telecom operators in the country.
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Government to increase investment levels to 33-35 %
The government is planning to increase annual
investment levels to 33-35 % of GDP by 2016 of which, around 6-7 %
is expected to be government investments while the private sector,
both domestic and foreign is expected to invest around 27-28 %.
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SriLankan receives global certification in IT
SriLankan Airlines received yet another global
certification in Information Technology, when it was awarded the ISO
9001:2008 accreditation for Quality Management Systems in Software
Development. Nishantha Wickremasinghe, Chairman, SriLankan Airlines
said, “SriLankan is always committed to improve its infrastructure
in conformity to international standards.
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'More youth should take to higher education'
Students engaged in Sri Lanka's tertiary
education is around 5 % and is the lowest in the region and steps
should be taken to get more students engaged in tertiary education.
Suraj Dewaraja, Chairman Sri Lanka Association of Software and
Service Companies (SASSCOM) said the solution for this is to have
more higher education institutions.
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