Repatriation and replacement of lost foreign jobs: Handling labour migration during COVID-19
Bilesha Weeraratne Sri Lanka, which has been sending workers abroad for employment for decades, is now faced with the formidable challenge of …
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Over 38,000 Sri Lankans in 143 countries seek to return home
May 18, 2020 (LBO) - Over 38,983 Overseas Sri Lankans (OSLs) in 143 countries at present seek to return home, based on information gathered mainly …
Colombo Chamber wants pre-shipment collateral-free loans to boost exports
May 17, 2020 (LBO) – Colombo Chamber of Commerce appeals to the President for intervention to instruct banks to support the SME and MSME exporters …
SL demands retraction of London Guardian Travel Quiz with reference to “Eelam”
May 16, 2020 (LBO) – The attention of Sri Lanka's Ministry of Foreign Relations has been drawn to a quiz titled “Travel quiz: do you know your …
We cannot allow irrational laws to impede our economy: President
May 15, 2020 (LBO) - President Gotabaya Rajapaksa said that irrational laws should not obstruct the policies formulated to achieve the economic …
SLT Group 1Q 2020 operating profits grow by 28-pct to Rs.3.2Bn
May 15, 2020 (LBO) - Sri Lanka Telecom PLC Group released its financial results for the three months ending on 31st March 2020. The Total revenue for …
COVID-19 economic impact could reach $USD 8.8TR globally: New ADB report
May 15, 2020 (LBO) - The global economy could suffer between $5.8 trillion and $8.8 trillion in losses—equivalent to 6.4% to 9.7% of global gross …
Local epidemiology should guide focused action in ‘new normal’ COVID-19 world: WHO
May 15, 2020 (LBO) - Amid rising cases of COVID-19 and as countries in WHO South-East Asia Region ease lockdowns in a graded manner, WHO today said …
Guidelines on issuance and payment of power bills during Covid and immediately after
May 15, 2020 (LBO) - These guidelines include the interim measures suggested to be followed by Ceylon Electricity Board (CEB) and Lanka Electricity …
Teejay ends 2019-20 with net profit up 28-pct
May 15, 2020 (LBO) - Textile manufacturer Teejay Lanka PLC has ended 2019-20 on an encouragingly strong note, despite its projected fourth quarter …
Singer Finance Rs.1Bn debenture issue oversubscribed
May 15, 2020 (LBO) - Singer Finance (Lanka) PLC received a strong vote of confidence from investors with its recent Listed, Rated, unsecured, senior, …
President calls on banking sector to think out of the box to achieve economic revival
May 14, 2020 (LBO) – President Gotabaya Rajapaksa has requested the banking sector to deviate from conventional thinking and practice to support …
Joint committee of SEC & CSE appointed to broadbase capital market awareness
May 14, 2020 (LBO) – The Securities and Exchange Commission of Sri Lanka (SEC) considers it important to identify measures that are required to …
Grace period to pay electricity bills; guidelines to calculate bills on pro-rata basis
May 14, 2020 (LBO) – The Public Utilities Commission (PUCSL), Ceylon Electricity Board (CEB) and Lanka Electricity Company (LECO) have taken steps …
Commercial Bank operating profit down by 4.6-pct, PAT up due to concessions
May 14, 2020 (LBO) – Operating profit before taxes on financial services of Sri Lanka’s Commercial Bank for the first quarter declined by 4.6%, …
Central Bank cuts minimum requirement of Liquidity Coverage Ratio to 90-pct
May 13, 2020 (LBO) – Sri Lanka's Central Bank has decided to reduce the minimum requirement of Liquidity Coverage Ratio and Net Stable Funding …
Central Bank places restrictions on discretionary payments of banks
May 13, 2020 (LBO) – Sri Lanka's Central Bank has issued directions to licensed banks restricting their discretionary payments with the aim of …
President reviews current status of proposed unique Digital ID for Sri Lankans
May 13, 2020 (LBO) – President Gotabaya Rajapaksa reviewed the current status of the proposed “unique digital identity card”, which will be …
Sampath Bank operating profit down by 10.8-pct, PAT up due to concessions
May 13, 2020 (LBO) – Operating profit of Sri Lanka's Sampath Bank for the first quarter, which is the real return generated by utilizing the assets …
Ceylon Chamber of Commerce establishes a Center for SMEs
May 13, 2020 (LBO) – The Ceylon Chamber of Commerce has established a Center for SMEs to play a more active role in building a dynamic SME sector …
SriLankan Airlines offers passage for travelers supporting lockdown ease
May 12, 2020 (LBO) - Taking into consideration the reopening of economic activity in the world followed by easing of some travel restrictions between …
Dialog & Huawei donate telepresence infrastructure and connectivity to Health Min
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, and Huawei Technologies Lanka Co., (Pvt) Ltd, donated Telepresence and connectivity …
Sri Lanka delisted by European Commission from list of high risk 3rd countries
May 12, 2020 (LBO) - The European Commission has de-listed Sri Lanka from its list of High Risk Third Countries with Anti- Money Laundering and …
Identify potential future risks and strive with vigilance: President
May 12, 2020 (LBO) - President Gotabaya Rajapaksa has stressed the importance of perseverance without faltering in the battle against COVID-19 while …