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Business Today Sri Lanka Magazine - April 2025

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In this issue

Lei Jun, the founder, Chairman and CEO of Xiaomi Corporation, is a rare breed of entrepreneur who has disrupted multiple industries – from software to smartphones, AIoT (Artificial Intelligence + Internet of Things), and now electric vehicles (EVs).

Since 2020, global internet usage has surged by over a billion people, reaching 5.56 billion, or 68 percent of the world’s population by January this year. While it’s easy to assume that countries with lower internet adoption face the steepest costs, the reality is far more surprising.

For decades the global economy has been dominated by a handful of nations, whose wealth, natural resources, manufacturing power and technological advancements have dwarfed the achievements of the rest of the world.

According to Ranga Kariyawasam, Group Chief Technology Officer, Dialog Axiata, the deployment of 5G is a technological upgrade and a strategic enabler that can foster economic growth by attracting foreign investment, encouraging entrepreneurship, and positioning Sri Lanka as a competitive force in the global digital economy.

Lei Jun: The Visionary behind Xiaomi's Tech Empire and its bold move into EVS

Lei Jun, the founder, chairman, and CEO of Xiaomi Corporation, is a rare breed of entrepreneur who has disrupted multiple industries—from software to smartphones, AIoT (Artificial Intelligence + Internet of Things), and now electric vehicles (EVs). Under his leadership, Xiaomi grew from a startup selling budget smartphones online into a global tech giant valued at over $50 billion.

4 mins

NSB Achieves Outstanding Profit in 2024

The National Savings Bank (NSB) has unveiled its audited financial results for the year ended December 31, 2024.

2 mins

HNB's Vision for a Diverse and Digitalized Sri Lankan Resurgence

Sri Lanka's economy contracted by 7.3 percent in 2022 and 2.3 percent in 2023, but is estimated to achieve 4.5-5 percent GDP growth in 2024 and 2025.

2 mins

NDB reports Highest-ever Group PBT, surpassing 24 billion rupees

National Development Bank (NDB) announces record profit for financial year 2024, highlighting strong growth and improved key performance indicators reflecting NDB's resilience and commitment to value.

2 mins

The Nations with the most Billion-dollar Companies per capita in 2025

For decades, the global economy has been dominated by a handful of nations, whose wealth, natural resources, manufacturing power, and technological advancements have dwarfed the achievements of the rest of the world.

7 mins

Dialog Television and Emerging Media Introduce a One-Stop Advertising Solution

Dialog Television has partnered with Emerging Media to enhance the convenience and effectiveness of advertising.

1 mins

HNB Group records Sustainable Growth in 2024

Hatton National Bank posted robust overall performance in 2024.

3 mins

BOC strengthens Women's Financial Independence with Special Savings Offer

The Bank of Ceylon marked International Women’s Day 2025 with a special savings offer for women, strengthening financial security and long-term independence.

1 mins

Bank of Ceylon launches World Mastercard with Tailored Benefits for GMOA Members

Bank of Ceylon (BOC) has unveiled a World Mastercard tailored to the professional and personal needs of the Government Medical Officers’ Association (GMOA) members.

1 mins

SLT-MOBITEL brings Premium Entertainment to Rosemere Apartments

SLT-MOBITEL has entered a strategic partnership with Rosemere Apartments, a residential complex, to provide residents with a state-of-theart PEO TV solution powered by advanced fiber-optic technology.

1 mins

SLT Group ends FY 2024 with Significant Turnaround in Profitability

The SLT Group reported a massive turnaround in profitability as of December 2024, driven by strong operational performance and successful cost optimization across fixed and mobile segments, with momentum accelerating steadily during the year.

3 mins

Redefining Connectivity: How 5G will Shape the Future of Sri Lanka

Sri Lanka is finally at the cusp of deploying 5G technology, taking positive steps more than five years after it was introduced globally and adopted.

10+ mins

People's Bank achieves 400 billion rupees in Consolidated Gross Income

People’s Bank reported financial results for the year ended December 31, 2024, with total consolidated operating income of 145.1 billion rupees and a post-tax profit of 28.8 billion rupees, reflecting growth of 49.9 percent and 152.7 percent, respectively.

2 mins

Most Expensive Countries for Internet revealed: UAE charges 12x more per Mbps than UK

Since 2020, global internet usage has surged by over a billion people, reaching 5.56 billion, or 68 percent of the world's population by January this year.

2 mins

BOC records 106.9 billion rupees Profit in 2024

The Bank of Ceylon (BOC) showed strong financial results in 2024.

2 mins

Demand for 'AI agents' on Google skyrockets 900 percent in a year

While large language models (LLMs) have dominated technological advancements in recent years, 2025 has introduced a major new development: AI agents.

3 mins

SLT-MOBITEL introduces 'HELLO AI' Sri Lanka's first Revolutionary Al-based package

SLT-MOBITEL has launched ‘Hello AI,’ the first-of-itskind, innovative AI-centric mobile package specifically designed to bring artificial intelligence and educational platforms within reach of Sri Lankan youth.

1 mins

SLT-MOBITEL Innovation Day 2024

SLT-MOBITEL Innovation Day 2024 showcased a compelling lineup of groundbreaking ideas and transformative solutions developed by employees across the organization.

1 mins

SLT-MOBITEL Unveils 'The National Business Directory' 2024/25

SLT Services (SLT-SERVICES), a fully owned subsidiary of SLT-MOBITEL, Sri Lanka’s National ICT Solutions Provider, has launched ‘The National Business Directory’ 2024/25 (The Rainbow Pages)—a comprehensive and upgraded directory catering to Government procurement, Micro, Small, and Medium Businesses (MSMBs) and enterprises.

1 mins

Vision Care highlights Risk Factors and the importance of Early Detection

Vision Care joined the global movement to raise awareness about glaucoma during World Glaucoma Week 2025.

1 mins

BOC wins at SLIM Kantar People's Banking Services Brand of the Year 2025

Reinforcing its position as Sri Lanka’s banking sector leader, Bank of Ceylon (BOC) has been once again named the ‘SLIM Kantar People’s Banking Services Brand of the Year’ at the SLIM Kantar People’s Awards 2025.

1 mins

Honoring the Women Driving Success at People's Leasing

Women are pivotal in society, navigating various life stages while making significant impacts.

1 mins

eChannelling unveils Al-Powered eHospital and Health Scan at Medicare 2025

eChannelling showcased ground-breaking AI-powered health technologies at Medicare 2025.

1 mins

HNB and Home Lands Group unite to deliver tailored Home Loan Solutions

HNB has signed a Memorandum of Understanding (MoU) with Home Lands Group to provide home loan facilities for customers buying properties from the developer.

1 mins

SLT-MOBITEL introduces 'Unleash Your Business Potential'

SLT-MOBITEL has launched a groundbreaking national campaign, ‘Unleash Your Business Potential,’ aimed at empowering Small and Medium Enterprises (SMEs) in Sri Lanka.

2 mins

Read all Stories from Business Today Sri Lanka

Business Today Sri Lanka Magazine Description:

Publisher: BT-Options

Category: Business

Language: English

Frequency: Monthly

The magazine of the corporate world, Business Today features an interesting line-up of interviews with eminent personalities who impact the corporate, commercial and economic sectors. The monthly magazine also includes exclusive articles syndicated from the Harvard Business Review and Financial Times. It has also featured the monthly columns by Richard Branson and Howard Schultz. International interviews featured include Sir Richard Branson, Paul Allen, Howard Schultz, Omar Bin Laden and Sir Jonathan Ive. Articles penned by President Barack Obama and Vice President Joe Biden Jr. have also been featured in the magazine.