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Sri Lanka’s oDoc wins Rs. 42 million grant from The GSMA Ecosystem Accelerator Innovation Fund

Home-grown video medical consultation platform, oDoc is gearing up for a rapid expansion in the scale of its domestic operations having recently secured over Rs. 40 million in equity-free grant funding from the GSMA Ecosystem Accelerator Innovation Fund. The platform has facilitated more than 6,000 consultations since launch and signed up over 20 corporates covering…

(0)Comments | January 19, 2019 10:03 pm

Central Bank warns public on Malicious phishing attempt impersonating Central Bank

It has been reported to the Central Bank of Sri Lanka (CBSL) that a phishing attempt  has been initiated targeting mainly the financial institutions of Sri Lanka and the phishing emails appear to be sent from the Employees Provident Fund (EPF) Department of  CBSL with the subject “Notice From Central Bank Of Sri Lanka EPF”….

(0)Comments | January 18, 2019 9:04 pm

Kavan Ratnayaka assumes duties as the Chairman, Sri Lanka Ports Authority

Mr.Kavan Ratnayaka has been appointed the new Chairman of Sri Lanka Ports Authority (SLPA). Mr.Ratnayaka assumed duties as the Chairman of Sri Lanka Ports Authority (SLPA) today, 17.01.2019 with blessings of the Triple Gem at the Chairman’s office of SLPA. Speaking at the event, Hon.Minister of Port, Shipping and Southern Development Sagala Ratnayaka remarked of…

(0)Comments | January 18, 2019 10:10 am

Sri Lanka rupee, stocks rise after IMF statement

Reuters – ** Sri Lanka’s rupee and shares closed firmer on Thursday, a day after the International Monetary Fund (IMF) said it would resume discussions with the island nation for further disbursal of part of a $1.5 billion loan. ** After a meeting with Sri Lanka’s Finance Minister Mangala Samaraweera, the global lender said the…

(0)Comments | January 18, 2019 10:04 am

Stage II of South Asia’s leading e-company registration opens Monday

The second stage of South Asia’s most sophisticated, national scale electronic company registration will commence when Sri Lanka’s Company Registrar activates it on Monday 21. “I commend the Registrar of Companies for completing the second stage of hi-tech registration system on time just as we promised in April 2018. My effort is to support PM…

(0)Comments | January 17, 2019 4:31 pm

State vehicles are not exempted from the carbon tax – Finance Ministry

The Carbon Tax, which came into effect from January this year, is applicable to all vehicles and the registered owners of every motor vehicle specified in the Act will have to pay this levy. Only the electric vehicles are exempted from the Carbon Tax, but all other vehicles including the State owned vehicles are liable…

(0)Comments | January 17, 2019 3:26 pm

Sri Lanka’s President Maithripala Sirisena Visits ADB, Discusses Development Challenges

Sri Lanka’s President Mr. Maithripala Sirisena made his first visit to the Asian Development Bank (ADB) headquarters today while conducting a state visit to the Philippines and met with ADB President Mr. Takehiko Nakao. During the visit, Mr. Sirisena and Mr. Nakao discussed development challenges faced by Sri Lanka and ADB’s role in helping address…

(0)Comments | January 17, 2019 1:23 pm

Hathurusingha’s charges for Assessment Report tops Rs. 11 Mn or US $ 60,000 from Sri Lanka Cricket – Cricketage Report

A recent report written by N. Krishnamurthy from India’s famous Cricket news site reveals that  Sri Lanka’s high profile Cricket Coach – Chandika Hathurusingha has charged Sri Lankan Cricket Board (SLC) a whopping US $ 60,000 or over Sri Lankan Rs. 11 million for his annual statistical and assessment report on the national team. The…

(0)Comments | January 17, 2019 12:32 pm

Huawei CEO and Founder expects Revenue to touch US $ 125 Bn in 2019

Says company intends to spend US $ 100 Bn for R&D in total for next 5 years Ren Zhengfei, CEO and founder of Huawei, recently said that 2019 could be a difficult year for Huawei, and however the company, is targeting US $ 125 billion in revenue for the whole year. Huawei has not released…

(0)Comments | January 17, 2019 11:05 am

Central Bank buys Rs. 90 billion in Treasury bills

The Central Bank of Sri Lanka (CBSL) subscribed to Treasury bills (T-bills) amounting to Rs. 90 billion in January 2019 at the request of the Treasury to assist financing needs of the government due to the delay in receiving expected foreign currency financing arrangements as envisaged in the Treasury’s cash flow for the month of January 2019. The Monetary…

(0)Comments | January 17, 2019 10:17 am