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 objectives of …
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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 domestic …
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 careful …
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 Company …
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 profit …
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 Countering the …
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 …
RIU hosts webinar on current real estate market
May 11, 2020 (LBO) - Research Intelligence Unit (RIU) webinar discusses current real estate market, building resilience and exploring new
Impact of COVID-19 on Sri Lanka’s Banking and Financial sector: Advocata
May 11, 2020 (LBO) - The Advocata Institute hosted an online discussion on Zoom with Yvette Fernando (Assistant Governor, Central Bank of Sri Lanka), Manil …
WHO and DFAT donate vital equipment and supplies to fight COVID-19 in Sri Lanka
May 11, 2020 (LBO) - The World Health Organization (WHO) handed over a donation of essential laboratory equipment, hospital equipment, personal protective …
3D virtual tours of Cinnamon Life and TRI-ZEN apartments launched
May 11, 2020 (LBO) - John Keells Properties has announced that in order to accommodate prospective buyers moving forward with their apartment searches, it is …
Central Bank of Sri Lanka further reduces policy rates to support economic activity
May 06, 2020 (LBO) - The Monetary Board of the Central Bank of Sri Lanka, at a special meeting held on 06 May 2020, reviewed the current monetary policy stance …
ADB’s trade finance program supports medical supplies to combat COVID in Sri Lanka
May 06, 2020 (LBO) - The Asian Development Bank (ADB) has provided a guarantee for a $25 million trade loan to the State Pharmaceuticals Corporation of Sri …
Coronavirus pandemic pressures Sri Lankan banks’ ratings: Fitch
May 06, 2020 (LBO) - Fitch Ratings has downgraded in May 2020 three Sri Lankan banks' issuer default ratings after it downgraded Sri Lanka's sovereign rating …
Sri Lanka Tourism requests all tourists in the island to register
May 05, 2020 (LBO) - Sri Lanka Tourism is in the process of gathering details of all tourists, businessmen and expatriates engaged in the tourism industry of …
Coping with COVID-19: Economics of social media based business in Sri Lanka during crises
Kithmina Hewage and Harini Weerasekera As of January 2018, there were six million active social media users in Sri Lanka, accounting for 30% of the population. …
Modalities to issue temporary travel documents to undocumented workers abroad agreed on
May 05, 2020 (LBO) - Modalities to issue temporary travel documents to undocumented workers abroad following proper authentication procedures has been agreed …
Dialog commences critical ICU development at Negombo general hospital
May 04, 2020 (LBO) - As the first stage of the recently pledged 200 million rupees towards urgently required ICU capacity development in hospitals selected by …
Local oil palm industry ready to support govt. domestic agriculture drive: POIA
May 04, 2020 (LBO) - Sri Lanka’s oil palm cultivators can provide tangible support to the government’s efforts to promote local agriculture and import …
Resumption of civilian life and office work begins from May 11
May 04, 2020 (LBO) - While the curfew is in force in the districts of Colombo, Gampaha, Kalutara and Puttalam, the resumption of civilian life and state and …