Category: Other
Sri Lanka’s power regulator ask licensees for regulatory accounts
Public Utilities Commission of Sri Lanka has issued a set of accountancy guidelines to licensees who are in the business of electricity generation; transmission and distribution, in order to gain more information for the process of regulatory decisions making. According to the tariff methodology designed by the Commission, the determination of allowed revenue requires information […]
IIT launches Sri Lanka’s first MSc in big data analytics
Informatics Institute of Technology (IIT) announced a groundbreaking partnership with Robert Gordon University, Scotland to deliver a Big Data Analytics MSc post graduate degree programme.Industry leaders applaud this milestone as a much needed programme in the context of Big Data trends in the world today and feel it will help in national competitiveness as there […]
LankaClear celebrates a decade of T+1 cheque clearing
LankaClear (Pvt) Ltd., the company that operates LankaPay – the National Payment Network of Sri Lanka and functions under the supervision and guidance of the Central Bank, celebrated the 10th year anniversary of launching their revolutionary Cheque Imaging and Truncation System (CITS) recently. CITS handles all the domestic interbank rupee cheque clearings in the country. […]
University of Wales MBA Society to launch with “Encoro”
The official University of Wales- MBA Society in Sri Lanka was established for the first time to commemorate the seasoned professionals currently enrolled in the program as well as the highly recognized and competent alumni of the program scattered in various multinationals and blue chip corporates in Sri Lanka and overseas. We believe that the […]
Revolutionary ONE ACCOUNT powered by NDB Wealth
Expert financial planner NDB Wealth has taken a leadership role in promoting NDB Bank’s revolutionary ONE ACCOUNT initiative. NDB ONE ACCOUNT is initially offered solely at NDB Bank’s Nawam Mawatha Head Office in Colombo 02. An innovative way to deposit, save, invest, withdraw and build financial plans, all in one place, at one bank, the […]
‘s agriculture to be modernized with World Bank funding
May 26, 2016 (LBO) – Sri Lanka’s cabinet has approved implementation of a five-year Agriculture Sector Modernization Project with 125 million US dollars granted by the International Development Agency of the World Bank. “It is necessary to implement policies that aim on improving the productivity of agriculture and to create high valued export agriculture for […]
European Union gives Rs.32.8mn for flood, landslide victims in Sri Lanka
May 26, 2016 (LBO) – The European Commission is providing 200,000 Euro (Rs. 32.8 million) in humanitarian funding to assist the most affected populations from floods and landslides in Sri Lanka. This aid will directly benefit 20,000 individuals who have been heavily impacted in five of the worst-hit districts in the country’s West, namely Colombo, Gampaha, […]
Ceylinco Life’s Life Fund crosses Rs 70 billion in 28 years
Ceylinco Life has announced that the company’s Life Fund crossed Rs 70 billion at end April 2016, making it the only local life insurer to achieve the feat in just 28 years. The country’s life insurance market leader said its Life Fund had grown by Rs 2.75 billion in just four months, enabling it to […]
Honesty and good communication skills are top traits for business leader – Regus Finding
Business people across the globe reported which key traits make a successful business leader and reveal that honesty and the ability to communicate with others are the must-haves in a successful leader’s arsenal. Almost 40,000 business people globally rated a number of qualities and traits to help sketch out the portrait of a good leader […]
Overwhelming response for Venture Engine 2016 submissions
Sri Lanka’s pioneering entrepreneur empowerment platform Venture Engine has ended its “Call for Entries”, with the program having received an overwhelming response from an ever expanding pool of potential participants. Also noteworthy, the quality and variety of submissions received in 2016 has signalled a definite increase in the level of sophistication in terms of both […]
Sri Lankan climber successfully summits Mt Everest
May 21, 2016 (LBO) – Sri Lanka’s Jayanthi Kuru-Utumpala has summited the world’s highest peak, Mt. Everest, early this morning, becoming the first Sri Lankan to complete the incredible feat, the support team said. She is now descending to a lower base camp, with winds favorable. She has not yet had an opportunity to make […]
World Bank Launches Financing Facility to Protect Countries against Pandemics
SENDAI, Japan —The World Bank Group today launched the Pandemic Emergency Financing Facility (PEF), an innovative, fast-disbursing global financing mechanism designed to protect the world against deadly pandemics, which will create the first-ever insurance market for pandemic risk. Japan, which holds the G7 Presidency, committed the first $50 million in funding toward the new initiative. “Pandemics […]