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President explores possibility of developing Agri & other industries
President Gotabaya Rajapaksa is pondering the idea of creating a new mechanism by combining all districts in the country to purchase, store and distribute agro products. The Government Agents should take this mechanism forward, President emphasizes.President made these observations during a meeting with the District Secretaries held at the Presidential Secretariat today (20). The cooperation […]
Central Bank permits remittances to Sri Lankans abroad on visits & studies
Apr 20, 2020 (LBO) – Central Bank reiterates that there is no hindrance to providing financial assistance to Sri Lankans who have gone abroad to pursue studies or short visits. Making a clarification on the matter, the bank, however, requested all concerned parties to make use of the opportunity in a responsible manner. Family members […]
Opinion: COVID-19 and foreign exchange woes: Can Sri Lanka find a way out?
Bilesha Weeraratne Growing pressure on Sri Lanka’s scarce foreign exchange resources, due to the wide spread of COVID-19 across the globe, is now more real than ever before. To ease this pressure, the Central Bank of Sri Lanka (CBSL) has taken many measures to attract as well as retain more foreign exchange in Sri Lanka. […]
Dialog extends critical connectivity solutions to IDH Hospital
Apr 20, 2020 (LBO) – In an effort to support medical professionals and essential medical services during the ongoing COVID-19 crisis, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider extended free critical connectivity solutions for video conferencing facilities and Internet access to support the medical staff at IDH – the central healthcare institution spearheading the […]
‘s places ratings of BOC, HNB & Sampath Bank on review for downgrade
Apr 20, 2020 (LBO) – Moody’s Investors Service has placed the B2 long-term local currency deposit and foreign currency issuer ratings of Bank of Ceylon (BOC), Hatton National Bank (HNB) and Sampath Bank on review for downgrade. At the same time, Moody’s has downgraded the Baseline Credit Assessment (BCA) of BOC to b3 from b2 […]
Ongoing curfew in Western Province extended further
Apr 20, 2020 (LBO) – Ongoing curfew in the districts of Colombo, Gampaha, Kalutara, and Puttalam will remain in force until 5.00 am on Monday, April 27th, amending the earlier announcement, the President’s Media Division said. In all other districts, curfew will be effective from 8.00 pm to 5.00 am till Friday, April 24th. In […]
Condo Ass. requests Govt to permit commencement of construction projects
Apr 19, 2020 (LBO) – The Condominium Developers Association of Sri Lanka (CDASL) in a letter to the President of Sri Lanka has requested the government to permit and facilitate the commencement of construction projects as soon as practically possible. “All construction sites in Sri Lanka are suspended, and with them employment and income for […]
Online forum on COVID-19 with Tourism industry leaders by Advocata
Advocata Institute is hosting a panel discussion with tourism industry leaders, Kimarli Fernando (Chairperson, Sri Lanka Tourism), Vipula Gunatilleka (CEO, SriLankan Airlines), Sanath Ukwatte (Chairman, Sri Lanka Hotel Association), Mahen Kariyawasam (President, Sri Lanka Inbound Travel Operators); moderated by Murtaza Jafferjee (Chair, Advocata Institute) on the impact of COVID-19 on Sri Lanka’s Tourism Industry. The […]
Opinion: Emerging narratives for a post-lockdown society
By Abhishek Hariharan The fear of contagion has struck deep, and some things will perhaps never go back to the way they were. Here are some possible narratives and changing paradigms that could emerge in a post-COVID-19 world: 1. Performative Hygiene As it turns out, it is age-old, basic and mundane practices like handwashing that […]
Sri Lanka relaxes curfew regulations to restore normalcy in civilian life
Apr 18, 2020 (LBO) – Sri Lanka’s Government with the objective of restoring normalcy in civilian life, has decided to relax the curfew imposed in order to control the spread of COVID – 19. Lifting and imposing curfew at the district level and the Police Division level within the district will be carried out as […]