In 2015, Apple tried to CRUSH Spotify.
• Threatened to remove them from App Store
• Demanded 30% of all revenue
• Blocked their app updates
But Spotify's response was genius.
Here's how a Swedish startup outsmarted the world's biggest company 🧵
@theGayan Why isn't the slfr and sldr abolished altogether? That way repo and reverse repo auctions will set the prices for banks to lend and borrow from cbsl.
@alisabrypc@Alisabrypc you and lawyers of all stripes are a disgrace to Sri Lanka, when it comes to digitisation of legal records. You all delay cases to earn more fees and suck litigants dry. Can you name one initiative of yours to streamline the laws delays?
@theGayan@Economynext@CBSL@CSE_Media The issue is why are local banks strapped for cash and why foreign banks can't lend to them. It appears local banks are stepping into the breach created by the new cbsl rule not to buy govt debt. Private credit growth can't account for such a large liquidity shortfall.
@ItsYakin Sinhala only was not as damaging as the complete abolition of English language teaching. That was the real tragedy causing xenophobic violence between all races deprived of access to global knowledge resulting in standardisation and a slew of elitist private schools/inequality
@theGayan@CBSL IMF governance diagnostic says the bank supervisor function is seriously understaffed. This raises serious questions about the risk in bank loan portfolios. Other countries central banks publish detailed analysis of lending
@theGayan Why are they confusing analysts and the public? How can you apportion different borrowing limits to ddr and ddo? Or is it just false accounting?
@kulanthisilva This fellow is taunting @DianaGamage1 without provocation. What is the point of employing thousands of @ParliamentLK security staff if they can’t ensure a lady’s dignity. She may have lost her temper but that is no excuse for men exploiting her anger. And none of the women helped
As a woman, I will fight alone on behalf of all the women in #SriLanka. 52% of the country accounts for the female population, which becomes a crucial component during the #Election of governments. There are 12 female MPs in @ParliamentLK at present. This isn't the first occasion on which women have been subjected to verbal and sexual abuse in this house. This is not an issue about being in the Govt. or Opposition - MP Diana Gamage #SriLanka #WomensRights #Parliament #SLnews #Colombo
@AriffShihab I guess #Thailand did it and tourism boomed there, so why not give it a try? Perhaps #SriLanka should permit its diaspora to contest elections and enter parliament. That would be a game-changer indeed