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DFCC Bank takes banking to customers’ doorstep with Mobile Teller
Sustaining its momentum to offer technology-backed convenience to customers, DFCC Bank re-launches “Mobile Teller” a digital banking service owned and operated by DFCC Bank and developed by SYNAPSYS. This doorstep banking service is offered by a staff representative, who accepts real time cash deposits via a mobile device. This offers customers the option of completing […]
Sri Lanka to extend Priority Bus Lanes to reduce congestion
Apr 27, 2017 (LBO) – Sri Lanka’s Megapolis Ministry has decided to expand the Priority Bus Lane concept to reduce traffic congestion in Colombo. Allocation of a Priority Bus Lane was implemented as a pilot project on Parliament Road between 12th and 23rd March with assistance of the Korean International Cooperation Agency. “It shows a […]
Higher growth for Sri Lanka will depend on addressing structural issues: CB
Apr 27, 2017 (LBO) – Sri Lanka’s economic performance in 2016 reconfirmed the necessity of addressing deep rooted structural issues, in order to enable the country to progress towards a higher growth trajectory, the Central Bank said. “Along with strengthening macroeconomic fundamentals through improved fiscal performance and the conduct of monetary policy in a forward […]
Rain and fire threatens Meethotamulla, rehabilitation plans in place
Apr 27, 2017 (LBO) – Rains expected in May and an outbreak of fire still remain as threats to the hundreds of tonnes of rotting garbage piled up near Sri Lanka’s capital, with rehabilitation of the dump now in progress, a minister said. “What we are doing now is taking measures to control further collapses […]
Sri Lanka, India sign MOU to cooperate on economic projects
Apr 27, 2017 (LBO) – Sri Lanka and India signed an MoU on economic co-operation in the presence of Prime Minister Narendra Modi and Sri Lankan counterpart Ranil Wickremesinghe in New Delhi Wednesday. As per Indian media reports, the MoU proposes Indian investment in development of port and oil tank farms in Trincomalee, setting up […]
Mobitel launches first ever Digital Recharge System in Sri Lanka
Sri Lanka’s National Mobile Service Provider, Mobitel sustains its lead at the forefront of the mobile commerce revolution in the country by pioneering the Digital Recharge System for the first time ever in the country. Delivering on its commitment to simplify service offerings to its customers and retail partners, Mobitel is proud to introduce this […]
Sri Lanka govt wants Sarath Fonseka as defense chief
Apr 26, 2017 (LBO) – Sri Lanka’s national government has offered ex-Army chief Sarath Fonseka the task of upholding discipline in the country by taking a key role in law and order under him. At Tuesday’s cabinet meeting it was proposed to appoint him either as Army Commander or as Chief of Defense Staff, Cabinet […]
Sri Lanka to double Development Bond limit to raise liquidity
Apr 26, 2017 (LBO) – Sri Lanka’s Finance Ministry is to increase the limit of issuing Sri Lanka Development Bonds (SLDBs) from 1,500 million US dollars to 3,000 million dollars including development bonds due to expire this year. Cabinet approval has also been granted to this proposal considering the low liquidity situation and interest rates […]
Time period of Presidential Commission on CB bond issue extended
Apr 25, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena has extended the time period of the Presidential Commission of inquiry to investigate and inquire into the issuance of treasury bonds. A spokesman at the Commission told LBO that the President has extended the time period by three months. So far statements were recorded from […]
”’ Loan program
People’s Bank has proactively joined the Swashakthi Loan scheme initiated by the Ministry of National Policies and Economic Affairs and the Central Bank of Sri Lanka, disbursing loans via its extensive branch network of more than 730 branches island-wide. The inaugural program for awarding Swashakthi loans was recently held at People’s Bank Nuwara Eliya branch […]
Lanka Bell, IBM to accelerate cloud adoption in Sri Lanka
Apr 25, 2017 (LBO) – IBM will collaborate with Lanka Bell to provide enterprises, start-ups, developers and government bodies cloud services via the IBM Cloud, the company said. As a part of the agreement, the two companies will jointly market and sell new offerings for public, private and hybrid cloud deployments, including workload migrations, disaster […]
Sri Lanka seeks to carve out niche in medical tourism: OBG
Apr 25, 2017 (LBO) – Rising numbers of tourists from abroad and a state-led campaign to expand medical tourism could attract further investment to Sri Lanka’s health care sector, creating additional opportunities for its hospitality industry in the process, the Oxford Business Group said in a research note. The country’s bid to become a centre […]