Category: Other
Korea Eximbank provides consultation for automated tax system for CMC
The Export-Import Bank of Korea (Korea Eximbank) has agreed to provide KSP (Knowledge Sharing Program) policy consultation to establish an automated taxation system in the Colombo Municipality.The Korean consultant team conducted the inception workshop at the Colombo Municipal Council under the chairmanship of her worship the Mayor Rosy Senanayake. The KSP is expected to be […]
OPPO unleashes F7, the selfie expert phone
(PRESS RELEASE) OPPO, the Selfie Expert and Leader, today launched the F7. The latest Selfie Expert, powered by Artificial Intelligence (AI), takes smartphone technology to new heights. The F7 utilizes improved AI technology for selfie photography in addition to many more AI-powered operational features. Together with the Super Full Screen and upgraded multi-tasking software, the […]
Union Bank records 37-pct growth in PAT in 1Q18
Union Bank recorded an impressive Profit Before Tax and VAT of Rs.246 million, reporting a 47 percent growth YoY, thus setting the pace for its next growth phase powered by a new three-year growth strategy which includes its subsidiaries. Core Banking Growth and Profitability A significant growth in core banking operations contributed to the robust […]
Essential fuel saving tips you should know
The price of petrol and diesel are at a constant rise and it’s more important than ever to start saving fuel. Here are some essential ways you can save fuel and the burden it carries on your wallet. Drive Efficiently Save money on fuel by altering the way you drive. By braking or accelerating too […]
Sri Lanka Foreign Minister attends Berlin Energy Transition Dialogue
Minister of Foreign Affairs Tilak Marapana, attended the Berlin Energy Transition Dialogue (BETD), which commenced under the patronage of Federal Foreign Office and Federal Ministry for Economic Affairs and Energy of Germany on Tuesday 16 April 2018. In recent years, the Berlin Energy Transition Dialogue has become a leading international forum for high-level policymakers, industry […]
Johann encounters high altitude on 1st leg of his mission to scale Mt. Everest
Eager to make his country proud, the brave son of Sri Lanka, Johann Peries has commenced his second attempt to scale Mount Everest. In the latest update on his exciting journey as he is cheered on by fellow Sri Lankans, he is making steady progress, surmounting challenges of high altitude and extreme cold. There has […]
LAUGFS excel at CMI management excellence awards
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, […]
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 […]