Category: Other
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 […]
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 […]
Cargills Bank gathers momentum in 2017
(PRESS RELEASE) – In its third year of operations, Cargills Bank achieved a satisfactory profit before tax of Rs. 621Mn, which included a substantial one-off gain of Rs. 410 Mn. The Bank’s Net Interest Income grew 55% to reach Rs. 1.48 Bn, whilst Net Fee and Commission Income increased by 43% to Rs. 114Mn during […]
Opinion: The Glyphosate Story, CKDu, food security and national economy
Time-tested weed control techniques/tools such as glyphosate,have been removed without scientific proof, affecting our food security and national economy The ban has opened up avenues for business crooks to import the product illegally Glyphosate ban should be lifted and we should continue research on effective and economically viable alternatives By Professor Buddhi Marambe […]
Virtusa says 85-pct businesses plan to invest in digital transformation in 2018
Virtusa Corporation(NASDAQ GS:VRTU), a global provider of digital engineering and IT outsourcing services that accelerate business outcomes for its clients, announced the findings of The Digital Transformation Race Has Begun, a September 2017 study commissioned by Virtusa and conducted by Forrester Consulting, that reflects the digital maturity of firms worldwide. The study evaluates the state of […]
DFCC relaunches their credit cards
DFCC Bank relaunched their Credit Card range at a special event on 28 March at the Cinnamon Grand, Colombo amidst a large gathering of clients, prominent personalities, Directors, CEOs, top Executives and Business Leaders of the industry.Adding a nice twist to the event, a fashion show was staged depicting the variety of cards the Bank […]
HSBC partners Govt for twelfth successive sovereign bond issuance
The Central Bank of Sri Lanka (CBSL), on behalf of the Democratic Socialist Republic of Sri Lanka, successfully launched and raised USD 2.5 billion in a dual-tranche 5 and 10 year bond. The transaction was the twelfth US Dollar benchmark offering in the international bond markets by Sri Lanka since 2007, and its largest offshore […]
Sri Lanka President to attend CHOGM in London and meet UK PM May
Apr 16, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena left for the United Kingdom, Sunday to attend the Commonwealth Heads of Government Meeting (CHOGM) to be held in London. The President will attend a series of meetings scheduled to be until April 20 including meetings with British Prime Minister Theresa May, Commonwealth Secretary General […]
Sri Lanka Govt call for expediting activities related to exploration and production of petroleum
Apr 12, 2018 (LBO) – Sri Lanka’s cabinet of ministers has called for an action plan for expediting the activities related to exploration and production of petroleum. It has been planned to enter in to agreements with selected companies to explore the petroleum in Eastern Coastal area and shallow sea areas, a cabinet statement said. “The attention […]
LAUGFS Car Care continues expansion with launch of new service station in Galle
(PRESS RELEASE) – Marking another momentous milestone, LAUGFS Car Care enters the Southern Province with the launch of its first brand-new service station in Galle. Renowned for its commitment to delivering uncompromising service standards for clients of all vehicle types, this newest addition will further strengthen LAUGFS Car Care’s network of service stations across the […]