Business and Economics
Recent changes to have positive impact on economy - NCCSL Chief

Recent changes which took place will lead to many policy level changes that will have a positive impact to the economy, National Chamber of Commerce of Sri Lanka President Asela de Livera told the 61st NCCSL AGM held in Colombo on Wednesday.

As per the recent developments, the Sri Lankan economy is gradually recovering from the severe impact of the Easter Sunday terrorist attacks. Real GDP growth was revised to 2.7 percent in 2019, and it is expected to increase to 3.5 percent in 2020 as tourism and other activities normalize. The slowdown in growth and decline in imports have significantly impacted fiscal revenues.

The global economy is quite competitive and every single country has its own problems which they need to focus on.

Sri Lanka should be seen as a country in the global economy, utilizing its strategic position to benefit from major global economies without favoring any particular country, he said.

Sophos Cloud Optix Advancements Simplify Cloud Security

Sophos (LSE: SOPH), a global leader in next-generation cloud-enabled cybersecurity solutions, today unveiled advancements to Sophos Cloud Optix that automate and simplify the detection and response of cloud security vulnerabilities and misconfigurations to reduce risk exposure.

Cloud Optix is easily managed on the unified cloud-based Sophos Central platform alongside Sophos’ entire portfolio of next-generation cybersecurity solutions – including Sophos’ endpoint, network, mobile, Wi-Fi, email and encryption products. Real-time information sharing and threat response on Sophos Central empowers organizations to improve threat detection and response times, simplify investigations and minimize threat impact.

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CCC, PF hosts discussion on BRI

The Ceylon Chamber of Commerce (CCC) together with the Pathfinder Foundation (PF) will hold an informative discussion on the Belt and Road Initiative (BRI) on January 27, 2020 at the Auditorium of the Ceylon Chamber of Commerce commencing at 2.30p.m.

The BRI program initiated by the Chinese Government aims to connect Asia with Africa and Europe through land and maritime networks along six corridors with the aim of improving regional integration, increasing trade and stimulating economic growth.

The keynote address at the forum will be delivered by Professor Yiwei Wang. He is the Jean Monnet Chair Professor, Director of Institute of International Affairs, Director of Center for European Studies at Renmin University of China.

Prof Wang serves as an expert advisor of the CCPIT Advisory Committee and Turkish TRT World Forum, a Council Member of China Center for International Economic Exchanges (CCIEE) and Chinese People’s Institute of Foreign Affairs (CPIFA). The Sri Lankan Perspective on the Belt and Road Initiative will be discussed by Admiral Professor Jayanath Colombage, Additional Secretary to the President (Foreign Relations). The discussion will conclude with an open forum moderated by Professor Sirimal Abeyratne, Head - Department of Economics, University of Colombo and Shiran Fernando, Chief Economist at the Ceylon Chamber of Commerce.

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