Tag: lbo
Foreign Ministry acts on missions abroad to ensure welfare of citizens
Apr 06, 2020 (LBO) – The Ministry of Foreign Relations, sensitive to the concerns of the OSLs amidst the rapid spread of the COVID-19 and the inability to return to Sri Lanka, has held consultations over the past 2 days with its Heads of Missions based in 67 cities across the world, The meeting facilitated the […]
‘s Hatch and LAN gear up to launch first fintech accelerator
Apr 06, 2020 (LBO) – In April 2020, Hatch in partnership with Lankan Angel Network (LAN) and through the support of the Ford Foundation, will officially launch the first chapter of its start-up accelerator programme ‘HatchX’, establishing Sri Lanka’s first fintech accelerator. The programme’s strategic partner will be the Fintech Association of Sri Lanka (FASL). […]
Easter attacks 2019 vs. COVID-19 outbreak 2020: What lies ahead for SL
Nisha Arunatilake On Easter Sunday last year, Sri Lanka was shocked by a series of bomb attacks. The security concerns that followed kept people home and curtailed economic activities. Less than a year later, the country is again under curfew for a different reason. A new disease, COVID-19, which first emerged in the city of […]
‘s growth prospects, Projected to fall to 2.2-pct in 2020: ADB
Apr 03, 2020 (LBO) – The Asian Development Bank’s (ADB) flagship annual economic publication, the Asian Development Outlook (ADO) 2020, forecasts significant headwinds for Sri Lanka’s economy as it fights the spread of COVID-19, which comes less than 12 months after the terror attacks in April 2019. Sri Lanka’s economic growth is projected to fall to […]
President discusses economic impact Corona pandemic with CB officials
Apr 01, 2020 (LBO) – President Gotabaya Rajapaksa held a discussion with the Governor of Central Bank of Sri Lanka (CBSL) and other senior officials to assess the emerging macro-economic conditions due to the impact of COVID-19 pandemic. The steps taken by the CBSL to manage the operations of the Bank to provide liquidity and […]
ComBank deploys mobile units in curfew areas
Apr 01, 2020 (LBO) – The Commercial Bank of Ceylon of Ceylon has announced it is deploying its ‘Bank-on-Wheels’ Mobile ATM units in areas where curfews are in force, to provide urgently needed access to cash to members of the public. The Bank said a schedule containing details of the locations and times that these […]
More concessions to public in the face of COVID – 19 outbreak: President
Mar 31, 2020 (LBO) – A host of more financial and material benefits have been granted to low income and vulnerable families and individuals in the face of COVID – 19 outbreak. President Gotabaya Rajapaksa has instructed the Presidential Task Force established to administer essential services in the wake of spread of combat COVID – […]
Covid- 19 &’s: 5 important areas to focus on during tough times
Dr. Nirmal De Silva It is evident that the Covid-19 pandemic would create a significant economic impact globally. Whilst it is rather premature to predict the overall impact, one can safely conclude that the impact will last for a number of months (best case scenario) post Covid-19. In Sri Lanka too we can expect our […]
”’; Outlook stable
Mar 31, 2020 (LBO) – Fitch Ratings has affirmed the National Long-Term Rating of Sri Lanka-based telecoms company Dialog Axiata PLC at ‘AAA(lka)’. The Outlook is stable. AAA’ National Ratings denote the highest rating assigned by the agency in its National Rating scale for that country. This rating is assigned to issuers or obligations with […]
Sri Lanka missions in South Asia work towards ensuring safety of locals expatriates
Mar 31, 2020 (LBO) – The Sri Lanka Missions in South Asia, in collaboration with the Foreign Ministry, have been closely engaging with the Sri Lankan communities overseas and are working towards assisting and facilitating the many Sri Lankan expatriates in the region in the wake of the COVID-19 epidemic. Mission wise, databases of Sri Lankan students and other expatriates are being compiled by the Missions with a view to keeping in close contact […]
”: Economic impact of COVID-19 on Sri Lanka
Kithmina Hewage Over a quarter of the world’s population is currently under movement restrictions. For the first time in recent human history, coronavirus has shattered the myth that the economy must come first. While public health concerns, undoubtedly, should take precedence over all other considerations when dealing with the COVID-19 pandemic, it would be unwise […]
National carrier brings down medical aid from China
Mar 30, 2020 (LBO) – SriLankan Airlines, uplifted a consignment of medical aid from Shanghai, China recently. This was a donation made by the Sri Lankan Community in China through the Consulate Generals of Sri Lanka in Guangzhou and Shanghai, facilitated by the Embassy of Sri Lanka in China. The consignment contained essential medical items […]