Author: LBO
Hambantota International Port Remains Fully Operational Despite Extreme Weather
As Sri Lanka experiences one of the worst flood situations recorded in its history, which has crippled national infrastructure and forced operations to suspend at the Port of Colombo, Hambantota International Port (HIP) has remained fully operational, reinforcing its strategic importance as the country’s second major commercial hub. Although Hambantota also faced heavy rains, it […]
Relief Measures to Assist Businesses affected by Recent Disasters by Banks
The Central Bank of Sri Lanka (CBSL), in view of the adverse effects of the recent cyclonic and flood disasters, having considered the proposals of the Sri Lanka Banks’ Association (Guarantee) Ltd. (SLBA) and the need to grant effective relief to those affected without unduly compromising financial system stability, issued the Circular No. 04 of […]
Banks Association pledges strong support for economic revival
The Sri Lanka Banks Association (SLBA) in a meeting with the Governor of the Central Bank of Sri Lanka (CBSL) today pledged its fullest support to revive the country’s economy following the damage inflicted by Cyclone Ditwah. The banks represented by the Association stated that a detailed impact assessment has already been initiated across banks […]
Management committee of ‘Rebuilding Sri Lanka’ fund appointed with reps from public and pvt sectors
Cabinet approval has been granted to establish the ‘Rebuilding Sri Lanka’ Fund, aimed at rebuilding the country following the severe devastation caused by Cyclone ‘Ditwah’, one of the worst natural disasters in Sri Lanka’s recent history. The Fund is to be established as a statutory fund under the Presidential Secretariat and its Management Committee will […]
Sri Lanka introduces duty-free mechanism for overseas disaster relief donations
Due to the current disaster situation in the country, various inquiries have been made by foreign countries, organizations, individuals, as well as Sri Lankans living abroad, regarding donating essential goods to the people affected. Accordingly, the Government of Sri Lanka has introduced a more convenient procedure to expedite the clearance and distribution of all material […]
Ceylon Chamber affirms support for National recovery efforts following cyclone Ditwah
The Ceylon Chamber of Commerce is deeply saddened by the devastation caused by Cyclone Ditwah, and our thoughts are with all individuals, families, and communities affected by this tragedy. We mourn the loss of lives and acknowledge the immense hardship endured by thousands who have been displaced and whose livelihoods have been severely disrupted. In […]
Telecom operators and partners accelerate restoration of connectivity after cyclone Ditwah
Sri Lanka’s national telecommunication operators, in close coordination with government authorities, are intensifying round-the-clock recovery efforts to reconnect communities battered by severe flooding and landslidestriggered by Cyclone Ditwah since 27 November. The disaster has claimed 334 lives, left nearly 400 people missing or unaccounted for, and affected more than 1.3 million individuals nationwide, with rising […]
Evolution Auto brings multi-brand electric vehicle showroom to Kurunegala
Evolution Auto, a pioneer in Sri Lanka’s electric mobility sector, has officially opened its multi-brand electric vehicle (EV) showroom in Kurunegala, in collaboration with New Jayasekara Auto Motors (Pvt) Ltd. The new showroom offers customers a chance to explore, test drive, and purchase a wide range of electric vehicles, making eco-friendly transportation more accessible than […]
Sri Lanka’s Jan-June trade deficit widens sharply on oil
August 4, 2006 (LBO) – Sri Lanka’s trade deficit expanded 48.0 percent to 1,793 million dollars for the six months to June, compared with the same period 2005, the central bank said Friday, as the island spent more to import fuel. From January-June, the island imported 4,955 million dollars worth of goods, up 20.3 percent […]
Tigers hit Sri lanka’s main naval port as battle for canal heats up
Aug 1, 2006 (AFP) – Tiger rebels shelled Sri Lanka’s main navy base Tuesday, killing four sailors and wounding 30, while warplanes bombed guerrilla positions as a bloody battle for a disputed waterway entered a seventh day. The rebel Liberation Tigers of Tamil Eelam (LTTE) used 122-millimeter artillery to target the base at Trincomalee as […]
Bloodiest ground battle tests Sri Lanka’s threadbare truce, toll 44
July 31, 2006 (AFP) – Sri Lankan troops and Tiger rebels Monday fought their bloodiest ground battle since a 2002 truce, with the military reporting at least 44 combatants killed, but monitors said it was still not full-scale war.More than 60,000 people have been killed in the three-decade-old Tamil separatist conflict. The army’s ground offensive […]
Sri Lanka’s consumer prices ease in July to 14.7%
July 31, 2006 (LBO) – Sri Lanka’s consumer prices for July eased marginally to 14.7 percent, the Census & Statistics Department said Monday, as a drop in vegetable prices helped offset hikes in rice, bread and jam. Prices of sugar, garlic, tamarind, red onions, eggs, coconuts and most varieties of vegetables, helped inflation ease up […]