Category: World
Commodity prices to drop in 2020 as COVID-19 depresses demand & disrupts supply: WB
Apr 24, 2020 (LBO) – The global economic shock of the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices over 2020, the World Bank said in its April Commodity Markets Outlook. Energy and metals commodities are the most affected by the sudden stop to economic activity […]
British High Commissioner advises British visitors to leave Sri Lanka
Apr 10, 2020 (LBO) – The British High Commissioner to Sri Lanka encourages any British tourists to return to the UK now while flights are available. In a statement, the High Commissioner noted that some British passport holders are in Sri Lankan visiting family. She reiterated UK Government advice that all British nationals who normally […]
Coronavirus sinks global growth prospects for 1H 2020: The Economist Intelligence Unit
Apr 08, 2020 (LBO) – The coronavirus pandemic is a game-changer, and we now expect global output to contract by 2.5 percent this year—an even deeper contraction than during the global financial crisis, a report by The Economist Intelligence Unit said. The negative effect on growth will come via both demand and supply channels. On […]
CIM announces significant changes to its Chartered status
Apr 07, 2020 (LBO) – The Chartered Institute of Marketing (CIM) has announced significant changes to its Chartered status, the marketing industry’s most prestigious accreditation. The changes represent a shift in the skills required of marketers today and will provide businesses with an up to date indicator when it comes to appointing qualified marketing talent. […]
Sri Lanka urges foreign states to extend visas of visiting Sri Lankans
Mar 18, 2020 (LBO) – Sri Lanka requests foreign governments to facilitate the appropriate extension of visas for Sri Lankans currently visiting their countries and facing difficulty to return to Sri Lanka on account of the travel bans that have and will become applicable as part of the control measures on COVID- 19. Full statement […]
‘s revised 2020 forecast highlight no growth in Japan and Singapore, slow-down in China
Mar 17, 2020 (LBO) – Moody’s Investors Service has revised its forecasts for most APAC economies on coronavirus implications, incorporating ongoing travel restrictions and heightened containment measures, as well as the recent oil price shocks. “Our baseline scenario assumes declining consumption levels and continuing disruptions to production and supply chains in the first half of […]
All recent returnees from Europe, Iran and Korea need to register with the Police
Mar 16, 2020 (LBO) – Sri Lanka’s Defence Ministry said yesterday it has requested all who arrived from Europe including UK, Iran and South Korea between 1 and 15 March to register with the Police or 119 Centre immediately. Ministry said judicial action will be taken against those who fail to comply this order under […]
WHO officially declared COVID-19 a pandemic
Mar 10, 2020 (LBO) – The World Health Organization officially declared COVID-19 a pandemic. As cases of the coronavirus surge in Italy, Iran, South Korea, the U.S. and elsewhere, many scientists say it’s plain that the world is in the grips of a pandemic — a serious global outbreak. Until now, the World Health Organization […]
World Bank announces up to USD12Bn immediate support for COVID-19
Mar 04, 2020 (LBO) – As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action […]
Foreign Ministry succeeds in evacuating two Sri Lankans on board Diamond Princess
Feb 27, 2020 (LBO) – The two Sri Lankan crew members who were on board the Diamond Princess cruise ship in Yokohama, Japan, were evacuated last night (26 February) by a charter flight organised by the Indian Government to New Delhi upon a request made by the Sri Lankan Government. The two Sri Lankan crew […]
FM will formally inform decision of govt. to withdraw co-sponsorship of resolution
Feb 26, 2020 (LBO) – Minister of Foreign Relations, Skills Development, Employment and Labour Relations, Dinesh Gunawardena who leads the Sri Lanka delegation to the 43rd Session of the Human Rights Council is scheduled to address the High Level Segment of the Human Rights Council (HRC), Wednesday. He will formally inform the Council Members of the […]
Security structure of APAC cannot be duplicated in Indian Ocean: RW tells India
Feb 24, 2020 (LBO) – The security structure of the Asia Pacific cannot be duplicated in the Indian Ocean as the region has avoided such alliances, unlike the Asia Pacific whose security structure has been based on military alliances, former Premier said. Speaking at the 4th edition of ‘The Huddle’ organised by The Hindu in […]