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Central Bank launches roadmap for sustainable finance in Sri Lanka
Apr 11, 2019 (LBO) – Central Bank of Sri Lanka launched a Roadmap for Sustainable Finance in Sri Lanka on 10 April 2019 at the Sustainable Banking Network Global Meeting of the International Finance Corporation (IFC) in Washington.This Roadmap provides a broad direction to financial regulators and financial institutions to effectively manage environmental, social and governance (ESG) […]
Samsung unveils its first 5G Smartphone Galaxy S10 5G
Samsung Electronics announced the Samsung Galaxy S10 5G is available for purchase in Korea. Over the past decade, Samsung has worked closely with network operators, device manufacturers and software developers to make 5G a reality with its complete end-to-end solution. Now, consumers will be able to unlock an entirely new mobile experience with the most […]
EU leaders agree to delay Brexit deadline until October 31
Apr 11, 2019 (LBO) –The European Union has agreed to delay the United Kingdom’s departure from the EU, known as Brexit, until October 31, saving the continent from what could have been a chaotic no-deal departure at the end of the week. British Prime Minister Theresa May said she would now keep working to get her […]
No fuel price increase this time as people celebrate new year: Finance Ministry
Apr 10, 2019 (LBO) – Sri Lanka’s Finance Ministry on Wednesday said that the fuel prices will not be increased this time in order to provide relief to the public during the festive season, despite rising fuel prices in the international market. The price of a barrel of crude oil that sold at 67 US […]
ComBank adds Sri Lanka Ports Authority to its Online Banking Platform
The official event marking the addition of the Sri Lanka Ports Authority (SLPA) to Commercial Bank’s Online Banking platform was recently held at the Movenpick Hotel, Colombo. Following this launch, both personal and corporate customers who have registered for the Bank’s online banking facility can pay their Ports Authority charges in respect to their shipping […]
Cricketing star Kumar Sangakkara addresses the staff of BOI
Apr 10, 2019 (LBO) – Sri Lanka’s investment promotion and facilitation agency, the Board of Investment said that cricketing star Kumar Sangakkara addressed their staff and spoke of the importance of leadership in an organization. The address titled “Reach the Peak 2019” was an opportunity for the popular sporting personality to share his experiences on […]
IMF cuts global growth forecast further to 3.3-pct in 2019
Apr 10, 2019 (LBO) – Reflecting the slowdown in production activity in the latter half of 2018 and the first half of 2019, global growth is set to moderate from 3.6 percent in 2018 to 3.3 percent in 2019, and then to return to 3.6 percent in 2020, the IMF said releasing its World Economic […]
Sri Lanka’s first 100MW floating solar power plant before November
Apr 09, 2019 (LBO) – Sri Lanka’s Power Ministry and the Canadian Commercial Corporation, the Crown Corporation of the government of Canada on Tuesday signed a memorandum of cooperation for the joint development of a floating solar photovoltaic power project to be located on the Maduru Oya reservoir. Construction work of Sri Lanka’s first floating […]
RMIT starts joint Ph.D programme with Peradeniya and Moratuwa Universities
The Royal Melbourne Institute of Technology University (RMIT University) in Melbourne and University of Peradeniya, Sri Lanka entered into a Memorandum of Understanding for a joint Doctoral Degree (Ph.D.) programme between the two Universities for Engineering students. After several rounds of successful negotiations between the two institutions that lasted over 2 years, the MoU and […]
Opinion: Ways for Sri Lanka to fix its healthcare
By Deepika Attygalle Today on World Health Day, we can say with confidence that Sri Lanka’s healthcare system has delivered on many of its promises. This year’s focus on universal health care is a timely reminder that Sri Lanka is still reaping the benefits of far-thinking health policies implemented as early as the 1800s. Many of […]
CB introduces real time notifications for transactions in Govt securities via SMS, Email
Apr 08, 2019 (LBO) – Sri Lanka’s Central Bank which operates and maintains the LankaSecure system has introduced an SMS, Email alert service from 25th March 2019 to enhance the awareness of investors in the government securities.The SMS, Email alert is a service that sends real-time notifications to investors in government securities for each and every movement […]
Policy rates could be reduced in future if current trends continue: Central Bank
Apr 08, 2019 (LBO) – Monetary Board of the Central Bank today said that they are of the view that, if the current trends in global financial markets, trade balance, and credit growth continue, policy interest rates could be reduced in the period ahead, given well-anchored inflation and inflation expectations. Projections, as well as inflation expectations, […]