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 …
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Central Bank further reduces policy interest rates by 25 basis points
Apr 03, 2020 (LBO) – The Monetary Board of the Central Bank today decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing …
COVID-19 clouds Sri Lanka’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 …
First Capital Research cuts ASPI target to 5,000 for June 2020
Apr 03, 2020 (LBO) – First Capital Research has reduced its ASPI target to a mere 5,000 for June 2020 as earnings of most companies are likely to …
World Bank fast-tracks USD128Mn COVID-19 support for Sri Lanka
Apr 03, 2020 (LBO) – The World Bank’s Board of Executive Directors yesterday approved the $128.6 million Sri Lanka COVID-19 Emergency Response …
Coronavirus intensifies pressure on Sri Lanka Finance Companies: Fitch Ratings
Apr 03, 2020 (LBO) – The coronavirus outbreak and the resultant prolonged business disruptions will put additional pressure on Sri Lankan finance …
We have underutilised capacity that can be deployed at any time: PickMe CEO
Apr 02, 2020 (LBO) – With a fleet of 40,000 vehicles ready to be utilized for the delivery of essentials to Sri Lanka, PickMe says they have under …
Sri Lanka suspends all restrictions on foreign currency inflows
Apr 02, 2020 (LBO) – Sri Lanka's Cabinet of Ministers has decided to suspend all restrictions on foreign currency inflows into the Island during …
SriLankan implements cost-saving measures including salary reductions
Apr 02, 2020 (LBO) – The management of SriLankan Airlines has decided to implement cost-saving measures including mandatory salary reductions from …
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 …
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 …
SriLankan Airlines to suspend all its flights from next Wednesday
Apr 01, 2020 (LBO) – SriLankan Airlines is to temporarily suspend all its flights from 8 April 2020 to 21 April 2020 in view of the travel …
President urges WHO to pursue IMF & WB debt moratorium or debt re-profiling
Apr 01, 2020 (LBO) – President Gotabaya Rajapaksa has urged the Director-General of World Health Organization (WHO) to pursue with the …
Sri Lanka’s headline inflation decreased to 5.4-pct in March
Mar 31, 2020 (LBO) – Headline inflation as measured by the year-on-year change in the Colombo Consumer Price Index declined to 5.4 percent in March …
Central Bank facilitates finance & leasing companies to support businesses
Mar 31, 2020 (LBO) – The Monetary Board of the Central Bank of Sri Lanka has decided to introduce a number of measures to provide flexibility to …
Sri Lankan government & Uber Eats partner to deliver essential supplies
Mar 31, 2020 (LBO) – The government of Sri Lanka and Uber are joining forces to deliver essential supplies as part of efforts to slow the spread of …
CSE to remain closed for trading from tomorrow until curfew is lifted
Mar 31, 2020 (LBO) – Colombo Stock Exchange will remain closed for trading from 01 April 2020 until the curfew is lifted, the exchange said in a …
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 …
Covid- 19 & SME’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 …
Fitch affirms Sri Lanka’s Dialog Axiata at ‘AAA(lka)’; 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)'. …
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 …
Curfew in Western Province, Puttalam, Kandy & Jaffna to continue
Mar 30, 2020 (LBO) – The curfew now in force in the districts of Colombo, Gampaha, Kalutara, Puttalam, Kandy, and Jaffna will continue until …
CBSL implements extraordinary measures to facilitate banks to support businesses
Mar 30, 2020 (LBO) – The Monetary Board of Sri Lanka's Central Bank has decided to introduce several extraordinary regulatory measures to provide …
‘A brewing storm’: 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, …