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Boardpac’s Inaugural National Digitalization Grant is Awarded to Sri Lanka’s Apex Agency Icta Sri Lanka for Board Governance Automation



BoardPAC awarding ICTA the Inaugural National Digitization Grant. (Left to right) Mr. Asoka Pieris – Regional Head of Sales at BoardPAC, Mr. Rajitha Kuruppumulle – Executive Director at BoardPAC, Ms. Lakmini Wijesundera - Founder and Executive Director at BoardPAC, Prof. Malik Ranasinghe – Chairman at ICTA, Mr. Mahesh Perera – CEO at ICTA, Ms. Vishaka Nanayakkara – Board Director at ICTA

Press Release by BoardPAC on March 10, 2023, Colombo, Sri Lanka

BoardPAC, the premier Board Meeting governance software provider, contributes to the development of the nation’s digital infrastructure by awarding a national digitalization grant to the apex technology body Information and Communication Technology Agency of Sri Lanka (ICTA) in its efforts to support Sri Lanka’s national digitalization drive to enhance accountability, measurement and productivity of the nation’s government institutions.

ICTA Sri Lanka’s vision statement is “A Digitally Inclusive and Prosperous Sri Lanka”. BoardPAC expresses its confidence that its contribution of the digital board automation software to the trailblazing body ICTA will help achieve the common goals that empower the people of Sri Lanka through accountability and efficiency improvement with heightened governance.

Professor Malik Ranasinghe, Chairman of ICTA Sri Lanka added “It is greatly appreciated that BoardPAC has come forward to support the digital enablement of the Government of Sri Lanka and its Institutions through ICTA Sri Lanka free of charge. The first digital enablement was the ICTA, Sri Lanka Board. We consider this digital adoption as an exemplary action in showcasing the commitment of BoardPAC, as ICTA is the apex body for digitizing the nation, and digital enablement directly and significantly aligns with the ICTA’s vision of digitizing the Government of Sri Lanka”.

BoardPAC proudly ranks number one by Gartner Capterra as the Board Management System with the ‘best ease of use’, as a global award-making Board Management System with the best experience for users by the renowned Gartner Inc agency.

Lakmini Wijesundera, the Founder and Executive Director of BoardPAC stated “It is our honor and privilege to offer ICTA Sri Lanka, the premier technology agency of the government, a grant of free usage licenses of BoardPAC to enable the ICTA Sri Lanka Board to move from a paper-based model to a ‘Digital Board Meeting’ “.

Digital adoption ICTA Sri Lanka’s Board benefits from the all-inclusive solution through military-grade encrypted secure document sharing, real-time messenger secure collaboration, digital voting, integrated video conferencing, instant digital distribution of meeting content including managed updates with timely notifications, calendar management, and a host of user-friendly facilities to improve the efficiency of the meetings, saving the board valuable time to use for nation building efforts. This will also reduce the need for printing and distributing paper-based documents, leading to significant cost savings for the board.

Dave Rawling, Chief Executive Officer of BoardPAC added, “BoardPAC is committed to supporting Sri Lanka in its digitalization journey. The provision of BoardPAC’s premier licenses to ICTA Sri Lanka will allow it to set the pace for other national institutions to follow this best practice “.

BoardPAC is a globally top-ranked Board Meeting Automation software that is developed fully in Sri Lanka with local engineering talent from key Sri Lankan Engineering Universities. Thereby, being a unique tech success story of Sri Lanka with the reputation of being ‘built totally in Sri Lanka with a global top ranking’.

BoardPAC is the undisputed market leader in Board Meeting Automation in Sri Lanka and is also a leading global Board Automation solution. BoardPAC has a worldwide presence and usage by over 50,000 board members from over 40 countries around the world. BoardPAC is used by many Forbes Global 2000 companies, key government institutions, top-ranked and listed multinational banking financial corporations, and organizations from across all key industries. These include the Reserve Bank of India (RBI) – the Monetary Board of India, Bank Negara Malaysia – Central Bank of Malaysia, Bursa Malaysia – Stock Exchange of Malaysia, OCBC Banking Group, Petronas, Bank of Singapore, Mercedes, Maybank, Deloitte, Kotak Mahindra, HDFC, Yes Bank, IDBI India amongst many others.

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SL needs laser-like focus on IMF programme implementation: Dr. Indrajit Coomaraswamy



Dr. Indrajit Coomaraswamy, Former Governor

‘If it gets suspended, it would have pretty dramatic consequences’

by Sanath Nanayakkare

There are three most important priorities for Sri Lanka in the wake of the IMF Programme; implementation, implementation and implementation of the agreed upon benchmarks of the programme. Last thing we need to suddenly find is that we have gone off the track of the programme and it is suspended, Dr. Indrajit Coomaraswamy, Former Governor, Central Bank of Sri Lanka said on Friday.

He said so while giving the keynote speech at a Central Bank hosted webinar titled “What is next for Sri Lanka in the wake of IMF Programme?”

Deshal De Mel, Economic Advisor, Ministry of Finance, Murtaza Jafferjee, Managing Director, JB Securities, Bingumal Thewarathanthri, Chief Executive Officer, Standard Chartered Bank were the panelists at the forum where the moderator was Shiran Fernando, Chief Economist at the Ceylon Chamber of Commerce

The following are a few comments made by Dr.Coomaraswamy.

The IMF EFF has now been successfully negotiated. This is in some way the beginning. There is lot more to do. It’s time to start thinking about what happens next. A little under a year ago, there were acute shortages of the most essential good. There were long queues and one or two people passed away while in queue. Prices were skyrocketing and exchange rate was collapsing, inflation was spiking and the Central Bank had to push up interest rates. All this happened only a few months from where we are today. The fact that things have stabilized to a significant extent clearly is a very favourable outcome but actually there is no room for complacency because the stabilization has happened at a low-level equilibrium.

It has happened when the economy experienced a 7.6% contraction last year. It was better than what was anticipated by the IMF and the World Bank, but still it is a very sharp contraction. And we need to get to a situation where we have macro-economic stability with a growth rate of about 4%. There is a lot to be done for this. But this is a very commendable place to get to after all. The Paris Club comprising G7 countries has endorsed our efforts to restore debt sustainability. The non-Paris Club creditors such as India and China also have endorsed and supported our efforts too. So the largest countries and creditors are willing to support Sri Lanka to get back on track in terms of debt sustainability. So this is not a bad place to be.”

“IMF programme implementation has always been a weakness on our part. This time we have already done a lot as prior action but there is more as you would have seen from the documentation tabled in parliament including structural reforms and institutional reform. So we have to have laser-like focus on implementation and move forward with the programme. If the programme gets suspended, it would have pretty dramatic consequences. So we need to keep it on track. We can’t give up the absolutely compelling need for fiscal discipline. What is next for us is; discipline and making the needed economic policy and implementing what e have agreed to do. During our past IMF programmes, the issue was lack of implementation by the Sri Lankan authorities.

Earlier this week Dr. Chandranath Amarasekare, Executive Director at the CBSL arranged for the Irish authorities to brief Sri lankan authorities on the implementation unit set up in Ireland when the global financial crisis hit Ireland which led them to go into an IMF programme. Ireland was meticulous in the way they set up the implementation framework. They identified all the action that had to be taken and assigned parts of it to relevant government entities to implement them. Ireland is back on track now. We need to have the same degree of laser-like focus on implementing the benchmarks. We have to figure out what needs to be done and ascribe responsibility for each action and monitor

carefully how we are going about it. We have to make sue we are hitting all the targets and structural benchmarks as we go along. These are embedded in the IMF programme. Last thing we need is to suddenly find that we have gone off the track of the programme and the programme is suspended. That will constrain the inflows to the country and it will affect the confidence beginning to build up now. All that will get undermined if the programme gets suspended because we are not able to keep it on track. So the Implementation Unit will need a very good authority to reach out to any part of government and get things done. We need this Implementation Unit to be well-structured and running well. And it should have the authority of the President behind it,”he said.

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Exterminators PLC opens a training and R&D center



Exterminators PLC, Sri Lanka’s premier pest tech and environmental tech company, opened a 5,000 plus square foot training, research and development center to enhance the quality of service via in-depth innovation to create a circular economy inorder to meet the growing demand in environmentally sustainable public health pest management, agricultural pest management, livestock, plantation and landscape pest management, sanitation and disinfection services in Sri Lanka and emerging and developing markets. The facility includes simulated environments for training in pest management, termite management, mosquito management, sanitation and disinfection, health and safety for new recruits and continuous professional training and development for existing employees.

The company plans to provide training for international pest management professionals in emerging and developing countries as well as serve as a training facility for its strategic franchising partners in the region.

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SLT-MOBITEL ‘Hosting Cub’ for MSMEs enables critical infrastructure and value-added hosting services



Understanding the importance of supporting Micro, Small, And Medium-Sized Enterprises (MSMEs) to drive growth and efficiencies, SLT-MOBITEL, the National ICT Solutions Provider is offering its Hosting Cub – Shared Web Hosting service catering to vital hosting requirements.

SLT-MOBITEL provides hosting facilities for MSMEs with affordable pricing, easy expansion of MSMEs cyber presence and other value-added offerings via its Shared Hosting and Virtual Private Server (VPS) solutions.

The Shared Hosting proposal is offered as the most economical option available for hosting. The overall cost of server maintenance is shared, also catering to low traffic websites that do not require higher bandwidth such as smaller websites and blogs.

The Share Hosting solution is available via four levels – Stellar, Stellar Plus, Stellar Pro and Stellar Business. The ‘Stellar’ package 1 GB VSAN Disk Space to balance storage usage, monthly 20 GB Bandwidth, 2 Mbps speed, 10 websites allowed, secure connection through SSL, FTP Accounts to manage file transfers, Unlimited email accounts, Unlimited MySQL Database to manage data, Unlimited Sub Domains, Hosting in SLT’s state-of-the-art Data Centre and WordPress supported. The pack is priced at only Rs 7500 per annum.

Similarly, the Stellar Plus presents an enhanced package with 2 GB VSAN Disk Space, monthly 40 GB Bandwidth, approval of 15 websites in addition to all the other value-additions. It is priced at Rs 12,000 per year. The Stellar Pro delivers 3 GB VSAN Disk Space, monthly 100 GB Bandwidth and 30 websites allowed while the Stellar Business provides 5 GB VSAN Disk Space, monthly 150GB Bandwidth and 40 websites. All other features are also enabled. The costs for Stellar Pro and Stellar Business are Rs 16,500 and Rs 25,500 respectively, per annum.

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