Category: Featured
Sri Lanka tea production to be impacted by bad weather
Jun 02, 2017 (LBO) – Sri Lanka’s tea production is likely to be further impacted as the country experienced its worst disaster from torrential rain since 2003 last week, a report said. “The worst affected is the Southern and Sabaragamuwa provinces,” Forbes and Walker Tea Brokers said. “Needless to say, the current scenario would adversely […]
”’ LNG to Sri Lanka
June 01, 2017 (LBO) – India’s Petronet LNG has proposed to supply ‘green’ LNG to Sri Lanka and is awaiting an evaluation of their proposal, Deputy Manager of Petronet LNG Manik Jhamb said during a visit to Colombo. “Investing in it is a win-win for Lankan government, consumers and for us since it is Green […]
Sri Lanka flood levels begin to reduce, more rain expected
Jun 01, 2017 (LBO) – Sri Lanka’s national disaster management officials have reported that water levels are beginning to recede along the major river basins, the Office of the UN Resident Coordinator said in a flood situation update. However, access to remote villages remains a significant challenge. With forecast of more rains in the coming […]
Sri Lanka to obtain USD200mn loan from Pakistan
Jun 01, 2017 (LBO) – Sri Lanka’s cabinet has approved obtaining of a loan worth 200 million dollars from Pakistan for the financing of priority development projects. The loan will be utilized for housing construction, development of livestock, importing equipment required for agriculture and dairy production, and development of the Industrial Technology Institute. Former Finance […]
Sri Lanka reinsures natural disasters with Renaissance Singapore
May 31, 2017 (LBO) – Sri Lanka has selected Renaissance Reinsurance Singapore as the lead reinsurer of the national natural disaster and emergency relief insurance scheme for the year 2017/18. This cover was introduced last year for natural disasters covering the whole country, and payment of claims have been expanded to include a range of […]
‘s economic success: Finance Minister
May 31, 2017 (LBO) – Sri Lanka’s newly appointed finance minister says to bring sustained investment and growth, Sri Lanka has to ensure peace and reconciliation while also setting up corresponding globally recognized regulatory mechanisms and investment practices. “Without reconciliation and durable peace, without guarantees of non-recurrence of conflict, Sri Lanka cannot achieve economic success,” […]
Sri Lanka flood death toll rises, DMC provides maps
May 30, 2017 (LBO) – The death toll from torrential rain across Sri Lanka has risen to 193 persons with more than 100 people still reported missing, the island’s Disaster Management Centre said Tuesday. The Disaster Management Centre said that over 575,000 people were affected in 15 districts. National Building Research Organization said they issued […]
Foreign relief aid pledged to Sri Lanka after floods
May 30, 2017 (LBO) – Sri Lanka’s official flood death toll rose to 177 on Monday as the island sought international assistance. High Commissioners and Ambassadors from the United Kingdom, United States and Japan met with the newly appointed Foreign Minister Ravi Karunanayake and pledged their support in various forms of relief aid. Japan had […]
Verité wants govt to issue guidelines on e-signatures
May 30, 2017 (LBO) – Sri Lankan research organization Verité has called on the government to issue central guidelines to accelerate the acceptance of e-documents and e-signatures in Sri Lanka. Releasing a research note, Verité said issuing such guidelines, which apply to all government agencies, would be an efficient solution to inaction at the institutional […]
Indian ships arrive in Sri Lanka with flood relief, China pledges USD2.2Mn
May 29, 2017 (LBO) – Sri Lanka’s monsoon death toll rose to 164 with another 88 listed as missing as Indian ships arrived with relief supplies and China pledged US 2.2 million dollars in disaster aid. The Indian navy ships INS Kirsh and INS Shardul have already reached the Colombo port over the week-end with […]
SriLankan Airlines adds Melbourne to network from October
May 29, 2017 (LBO) – SriLankan Airlines will be establishing its presence in Australia with daily non-stop services to Melbourne commencing October 29th this year, the airline said. The non-stop services will also facilitate passengers from the Middle East and South Asia seeking onward connectivity via Colombo to/from Australia, a statement said. “This also means […]
Sri Lanka flood and landslide death toll rises to 25
May 26, 2017 (LBO) – The death toll from torrential rain across Sri Lanka has risen to 25 persons with more than 42 people reported missing, the island’s Disaster Management Centre said Friday. The Disaster Management Centre said that over 7,800 people belonging to 2,811 families were affected in seven districts. Sabaragamuwa Province is worst […]