Author: lbostgadmin
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 […]
Johann encounters high altitude on 1st leg of his mission to scale Mt. Everest
Eager to make his country proud, the brave son of Sri Lanka, Johann Peries has commenced his second attempt to scale Mount Everest. In the latest update on his exciting journey as he is cheered on by fellow Sri Lankans, he is making steady progress, surmounting challenges of high altitude and extreme cold. There has […]
LAUGFS excel at CMI management excellence awards
Reinforcing the leadership force that drives LAUGFS, Lfinity – Chief Operating Officer (COO), Muditha Thebuwana and LAUGFS Gas – Deputy General Manager, Kaushala Amarasekara emerged winners at the Chartered Management Institute Management Excellence Awards (CMI-MEA) 2017 held recently. While Muditha was bestowed the “Most Innovative Manager” award in the Service Sector – Small and Medium, […]
New Social Registry MIS to reduce welfare cost in Sri Lanka
Apr 24, 2018 (LBO) – Sri Lanka’s newly developed Social Registry – Management Information System (MIS) is expected to reduce the welfare cost of the government by eliminating the duplication of beneficiaries. Releasing a statement, Policy Development Office said this new system will also be beneficial to the policy makers in developing evidence-based policies for […]
CSE requests clients of barred broker firms to transfer their stocks
Apr 24, 2018 (LBO) – Colombo Stock Exchange on Tuesday requested the clients of stockbroker firms whose trading activities have been prohibited due to non-compliance, to transfer their securities portfolios to any other firm if they want.The CSE further revealed that these barred broker firms will only be permitted to resume all trading activities no […]
Sri Lanka inflation slows to 2.8-pct in March, lowest since April 2016
Apr 23, 2018 (LBO) – Sri Lanka’s headline inflation measured by National Consumer Price Index (NCPI) has decreased to 2.8 percent in March, lowest since April 2016, from 3.2 percent in February 2018. The country reported 2.2 percent inflation on year-on-year basis in March 2016 and 4.3 percent inflation in April 2016.Statistics Department said the monthly […]
Sri Lanka foreign reserves fall to USD7.3bn in March
Apr 23, 2018 (LBO) – Sri Lanka’s official reserves have dropped to 7,309.11 million US dollars in March from 7,914.33 million dollars in February, official Central Bank data showed. Foreign currency reserves were 6,343.17 million dollars and reserves in gold were 894.73 million dollars in March. Reserve position in the IMF was 69.57 million dollars. […]
Capacity building to manage public debt and liability is need of the hour: Eran
Apr 23, 2018 (LBO) – Sri Lanka as a developing nation needs to focus on building capacity for public debt and liability management as matter of priority, State Minister of Finance said. “We recognize the importance of putting in place policies to reduce debt vulnerabilities and also look forward to hearing the perspectives of the WB and […]
IMF wants fuel pricing formula before June to complete 4th review
Apr 21, 2018 (LBO) – IMF’s Executive Board is expected to consider Sri Lanka’s request for completion of the fourth review in June, subject to cabinet approval for an automatic fuel pricing mechanism.Releasing a statement, the IMF staff mission said the fuel pricing mechanism should be consistent with the Extended Fund Facility supported program of […]
Sri Lanka to lead Commonwealth Centre for Digital Health
Apr 20, 2018 (LBO) – Commonwealth Centre for Digital Health will be Launched in London Today at the sidelines of the Commonwealth Heads of Government Meeting 2018. The Centre was proposed by Prof. Vajira Dissanayake of the University of Colombo in 2016 and incorporated into a Commonwealth Policy Brief on Digital Systems for One health approved […]
LAUGFS leaders excel at CMI management excellence awards 2017
Reinforcing the leadership force that drives LAUGFS, Lfinity – Chief Operating Officer (COO), Muditha Thebuwana and LAUGFS Gas – Deputy General Manager, Kaushala Amarasekara emerged winners at the Chartered Management Institute Management Excellence Awards (CMI-MEA) 2017 held recently. While Muditha was bestowed the “Most Innovative Manager” award in the Service Sector – Small and Medium, […]
Resus Energy to add more hydro power to national grid
Hydro electricity is the oldest and the principal source of electricity generation in Sri Lanka. Its unique geography renders the country perfectly suited for hydropower generation through large scale and mini hydropower plants. Joining the latest technologies with an environmentally responsible business proposition to generate renewable and sustainable energy, Resus Energy PLC operates several such […]