Author: lbostgadmin
Sri Lanka President appoints more non-cabinet ministers
Jan 11, 2019 (LBO) – Three more parliamentarians have been sworn in by President Maithripala Sirisena to Sri Lanka’s government. Issuing a statement the Presidents office said two non-Cabinet and one deputy minister was sworn in earlier today. The appointments are as follows: Ravindra Samaraweera – Non-Cabinet Minister of Labour & Trade Union Relations V. […]
EMUI 9 is coming to Huawei P20 and Nova Series 3
(PRESS RELEASE) As an exciting year for HUAWEI the promise of an update for the HUAWEI Nova and P20 series is already on its way. The EMUI 9, which was first introduced to HUAWEI customers through the Mate 20 series, will be accessible to the users of HUAWEI Nova series and the HUAWEI P20 series […]
Fuel prices to be reduced fourth straight time from midnight
Jan 10, 2019 (LBO) – Sri Lanka’s government has decided to reduce the Petrol and Diesel prices by 2 rupees per liter each with effect from midnight today. However, the price of Super Diesel which is an environmentally friendly fuel was reduced by 3 rupees per liter as it complies with Euro -04 Emission Standard […]
Chinese Ambassador reiterates support to develop Sri Lanka economy
Jan 10, 2019 (LBO) – Finance Minister Mangala Samaraweera met with the Chinese Ambassador Cheng XueYuan and the delegation at the Treasury today, the Finance Ministry said. At the meeting, the Minister has apprised the Chinese Ambassador about the Sri Lankan Governments plan to re-engage with IMF and thanked the Chinese Government for their continued support extended to […]
Commercial Bank obtains Payment Card Industry Data Security Standard certification
The Commercial Bank of Ceylon has obtained the prestigious Payment Card Industry Data Security Standard (PCI-DSS) certification from SISA Payment Security Specialists, the company that globally offers compliance and assurance on various payment standards.The Bank has been certified as complaint with PCI-DSS v3.2.1 which is applicable to any company that accepts, stores, processes or transmits […]
Sri Lanka GDP growth up 4.1-pct, Global slows to 2.9-pct : World Bank
Jan 10, 2019 (LBO) – Sri Lanka Gross Domestic Product growth is anticipated to speed up slightly to 4 percent in 2019, supported by robust domestic demand and investment boosted by infrastructure projects, the World Bnak’s January 2019 Global Economic Prospects says. It also says that regional growth is expected to accelerate to 7.1 percent in 2019, underpinned […]
FM to meet IMF Managing Director in Washington on IMF Fund Facility
Jan 09, 2019 (LBO) – Minister Mangala Samaraweera will leave for Washington on Friday, to get the IMF External Fund Facility (EFF) back on track, the Finance Ministry said. The ministry said in a statement that the minister will be meeting Christine Lagarde, Managing Director, Mitsuhiro Furusawa, Deputy Managing Director, Chanyong Rhee, Director, Asia Pacific Department, Manuel Goretti, […]
No one knows what will happen to economy in the coming months: MR
Jan 09, 2019 (LBO) – Leader of the Opposition, Parliamentarian Mahinda Rajapaksa says that the country faces three major dangers as the country complete four years since the change of government on 9 January 2015. According to him, the first among them is the danger of the economy collapsing at any moment. The opposition leader says that […]
Reserve Bank of India agrees to provide USD400mn SWAP to Central Bank
Jan 09, 2019 (LBO) – Reserve Bank of India (RBI) has agreed to provide 400 million US dollars to the Central Bank of Sri Lanka under its SAARC SWAP facility which will boost the reserves in the country. Sri Lanka’s Central Bank said in a statement that they have also requested a further bilateral SWAP […]
Opinion: “Banking is necessary; banks are not” – Bill Gates
By Taamara de Silva To those who say that Apple did not kill the music industry, being forced to buy the entire music album did, Amazon did not kill retailers, long queues at the local store did, AirBnb didn’t kill the hotel industry, limited availability of hotel rooms did, Uber didn’t kill the taxi business, […]
Deepthie Wickramasuriya joins the Board of Vidullanka PLC
Vidullanka PLC announced the appointment of Ms.Deepthie Wickramasuriya to the Board of Vidullanka PLC as a Non-Executive Independent Director with effect from 01st January 2019. This announcement follows the resignation of Mr. Zulficar Ghouse from the board a day before. In addition to joining the Board of Vidullanka PLC, Ms. Deepthie serves the Board of […]
Chinese payment solution ‘WeChat Pay’ acceptance launched by Commercial Bank
Chinese tourists visiting Sri Lanka now have the added benefit of purchasing goods and services and paying for them through ‘WeChat Pay’ – one of the leading mobile payment solutions in China, consequent to a partnership between the Commercial Bank of Ceylon PLC and Tenpay Payment Technology Ltd. This mobile app solution is brought to […]