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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 hope through the expertise of manufacturing apparel and performance wear. Committed as always, to do the right thing, to protect and provide for our people and the […]
Clearing of vehicles from Hambantota port slow
Apr 28, 2020 (LBO) – The clearance of cars at the Hambantota Port is slow, and the port is concerned that they would not meet the April 30th deadline for clearing imported vehicles. “No vehicles were cleared over the weekend, and the number cleared on Monday was 203 while port dues have been paid for […]
‘s growth forecast to 1.5-pct in 2020
Apr 28, 2020 (LBO) – Central Bank expects that the real GDP growth in Sri Lanka to decelerated to around 1.5 percent in 2020 before the economy recovers to attain its envisaged potential over the medium term. “The COVID-19 pandemic will adversely impact the progress of the economy during the year, contrary to previous expectations […]
Sri Lanka records a subdued growth of 2.3-pct in 2019: CBSL Annual Report
Apr 28, 2020 (LBO) – Sri Lankan economy recorded a subdued growth of 2.3 percent in 2019, compared to the growth of 3.3 percent in 2018, as per the provisional estimates of GDP of the Department of Census and Statistics (DCS). All major sectors of the economy recorded positive, but modest growth rates, releasing its […]
Opinion: Innovation in the Lockdown era — A frugal approach
By Shane Herath There’s an unprecedented level of uncertainty and even panic regarding the coronavirus pandemic and the impact it has on the industries that we operate in, and the world at large. Businesses worldwide are preparing for the worst — with the virus not showing any signs of slowing down — taking action to […]
Emirates SkyCargo supports Sri Lankan exporters’ supply chain
Emirates SkyCargo, the freight division of Emirates, has helped Sri Lankan exporters despatch nearly 100 tonnes of local produce to markets in Europe, the Middle East and Asia over the past two weeks, keeping supply chains and revenue flows open despite the suspension of scheduled passenger flights from Colombo. The cargo airline deployed two Boeing […]
50 stranded Pakistanis repatriated via Sri Lankan Airlines
Apr 28, 2020 (LBO) – Pakistan High Commission in Colombo has coordinated with Sri Lankan Authorities for the successful return of 50 stranded Pakistanis via Sri Lankan Airlines flight UL-1185 that left Colombo today morning. Pakistan High Commission in Colombo said in a statement that the Deputy High Commissioner, Tanvir Ahmad was present to see […]
Concessionary period for port occupational charges extended up to 07 May
Apr 28, 2020 (LBO) – The Ministry of Ports and Shipping has informed Sri Lanka Ports Authority (SLPA), SAGT and CICT on 27 April 2020 to extend the concessionary period for occupational charges in the Port of Colombo and all commercial ports in Sri Lanka, up to 07 May 2020. Due to the prevailing Covid-19 […]
Central Bank imposes maximum interest rates on pawning advances of banks
Apr 27, 2020 (LBO) – Sri Lanka’s Central Bank has decided to impose maximum interest rates on pawning advances of licensed banks. The decision has been taken after considering the necessity to provide relief to low income individuals who are pawning gold jewellery to meet their short-term financing needs due to the adverse economic situation […]
