Central Bank urges financial institutions to reduce lending rates without delay
May 06, 2020 (LBO) – Sri Lanka's Central Bank urges financial institutions to reduce lending rates without further delay. Failing which, the Central Bank …
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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 …
COVID-19: out of chaos comes opportunity. But opportunity must be seized to become reality.
By Jekhan Aruliah Tinned fish to tin houses: in the weeks of the 2020 Corona curfews we frequently saw on television and on Facebook fish in metal tins donated …
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. …
New procedure for MCC & LCL delivery of cargo to ease delays
May 05, 2020 (LBO) – Sri Lanka Ports Authority (SLPA) is to introduce a new procedure for MCC and LCL delivery of cargo to curb any delays that may occur in …
Seylan Bank and staff lend helping hand to fight COVID-19
May 04, 2020 (LBO) - Sri Lanka's Seylan Bank PLC staff apart from delivering essential services, contributed a days salary and the bank contributed an equal …
Private sector supports establishment of a Molecular Diagnostic Laboratory at IDH
May 04, 2020 (LBO) – A new Molecular Diagnostic Laboratory of the National Institute of Infectious Diseases (IDH) was declared open on 28 April 2020 by Dr. …
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 …
WHO convenes manufacturers, regulatory authorities meet on COVID-19 vaccines
May 04, 2020 (LBO) - Gearing up for the much needed COVID-19 vaccines, the World Health Organization recently organized a meeting of vaccine manufacturers and …
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 …
Central Bank extends deadline for submitting requests for debt moratoriums
May 01, 2020 (LBO) – Sri Lanka's Central Bank has extended the deadline (30.04.2020) for submitting requests for debt moratoriums and 4 percent per annum …
Sri Lanka Ports Authority urges importers to clear vehicles
Apr 30, 2020 (LBO) – Sri Lanka Ports Authority (SLPA) reiterates that the prevailing Covid-19 restrictions are no obstacle to clear the vehicles at the …
Fitch downgrades SriLankan Airlines’ government guaranteed bonds to ‘B-‘
Apr 30, 2020 (LBO) - Fitch Ratings has downgraded the rating on SriLankan Airlines Limited's (SLA) USD175 million government-guaranteed 7% unsecured bonds due …
Mobitel empowers Sri Lanka Police with hi-tech body cameras
As part of supporting the nation’s fight against COVID-19, Mobitel, Sri Lanka’s National Mobile Service Provider introduced the latest Body Cameras to Sri …
Mangala asks President to re- summon Parliament to approve public expenditure
Apr 29, 2020 (LBO) - Former Finance Minister Mangala Samaraweera in a letter to President Gotabaya Rajapaksa has urged him to exercise his powers as the Head …
MAS: Engagement to fight COVID-19 crisis through our manufacturing
Apr 29, 2020 (LBO) - Sri Lanka's MAS joins in the global efforts to contain the spread of COVID-19, protect the healthcare givers at the frontlines and give …