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Essential fuel saving tips you should know
The price of petrol and diesel are at a constant rise and it’s more important than ever to start saving fuel. Here are some essential ways you can save fuel and the burden it carries on your wallet. Drive Efficiently Save money on fuel by altering the way you drive. By braking or accelerating too […]
PUCSL hold public consultation on draft regulatory tools of lubricants
Apr 26, 2018 (LBO) – The Public Utilities Commission of Sri Lanka (PUCSL), shadow regulator of the lubricant industry held a public consultation session on the draft regulatory tools related to quality and price of lubricants, recently. “The necessity of having an effective and independent mechanism for ensuring product quality, fair prices and protecting the […]
Presidential Commission on SriLankan to commence recording of evidence
Apr 26, 2018 (LBO) – President Maithripala Sirisena said that the Presidential Commission appointed to look into the alleged frauds and malpractices in SriLankan Airlines will commence recording of evidence within the next two weeks.He said at a discussion held with the trade union representatives of SriLankan Airlines at the Presidential secretariat yesterday (April 25). […]
35-pct of 2017 budget promises near completion, 24-pct broken: Research
Apr 25, 2018 (LBO) – Progress for the 2017 budget proposals tracked by Verité Research shows that almost a quarter of the budget promises have been broken with only 22 percent of the promises have made substantial progress. Eight percent of 2017 budget promises have been fulfilled; about a third of the promises were completed […]
Central Bank rejects Bandula’s claim on lack of funds to pay off T-bonds
Apr 25, 2018 (LBO) – Central Bank on Wednesday rejected the claim made by Parliamentarian Bandula Gunawardane on lack of funds the bank has to pay-off bonds. Gunawardane recently told media the government needs to pay back the funds of the Treasury bonds and bills before the date of termination but they were short of […]
Sri Lanka rupee falls to record low
Apr 25, 2018 (LBO) – Sri Lankan rupee has fallen to a fresh all-time low of 157.40 per dollar on Wednesday for a third straight session, pressured by persistent importer dollar demand, Reuters said quoting dealers.Two dealers have confirmed that the rupee was traded at 157.40 on the dollar – beyond the previous record-low of 157.30 […]
Galle Face Properties commence construction of Renuka Tower
Apr 25, 2018 (LBO) – Sri Lanka’s Renuka Holdings Group said its subsidiary, Galle Face Properties Limited had started construction work on the 32-storey ‘Renuka Tower’. “The project will be funded with a mix of debt and equity,” the company said in a stock exchange filing. “A potion of the equity will be funded through a prospective […]
Sri Lanka Foreign Minister attends Berlin Energy Transition Dialogue
Minister of Foreign Affairs Tilak Marapana, attended the Berlin Energy Transition Dialogue (BETD), which commenced under the patronage of Federal Foreign Office and Federal Ministry for Economic Affairs and Energy of Germany on Tuesday 16 April 2018. In recent years, the Berlin Energy Transition Dialogue has become a leading international forum for high-level policymakers, industry […]
‘s massive OBOR hub for Asia bullish on Sri Lanka FTA
Apr 25, 2018 (LBO) – The South East Asian Gateway Province to mainland China’s ambitious One Belt-One Road (OBOR) initiative voiced its impatience to witness the historic Sri Lanka – China FTA’s take-off – so that bigger bilateral trade would become a reality soon. “Currently total bilateral trade between Yunnan and Sri Lanka is only US […]
NTB launch Open API Banking
Apr 25, 2018 (LBO) – Sri Lanka’s Nations Trust Bank has launched a API Banking Platform enabling clients to integrate the bank’s services directly into their own systems and workflows. An API or Application Programming Interface is simply a set of clearly defined rules of communication that allow client’s systems to efficiently communicate with the Bank’s […]