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‘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 2020 from 6.2 percent in February 2020, the Statistics Department said. This was due to the decline in the prices of items in the Food category. Accordingly, Food inflation (Y-o-Y) […]
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 Licensed Finance Companies (LFCs) and Specialised Leasing Companies (SLCs) facilitating them to support businesses and individuals affected by the outbreak of COVID-19. In line with this initiative, the […]
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 COVID-19 in the country. Uber Eats will enable people to receive essential food items and support the government’s guidelines by staying at home. Users can now get […]
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 notice. CSE further stated that the decision has been taken pursuant to a guidance received from the Securities and Exchange Commission. The extraordinary measures taken by the government […]
‘s complicated
To prevent the spread of the COVID-19 coronavirus and flatten the curve, many countries are practicing social distancing, or what the WHO is now calling physical distancing. The virus is transmitted via respiratory droplets, so maintaining physical distance from people can help protect you and others. People are staying inside, working from home, and only […]
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 face of COVID – 19 outbreak. President Gotabaya Rajapaksa has instructed the Presidential Task Force established to administer essential services in the wake of spread of combat COVID – […]
Covid- 19 &’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 predict the overall impact, one can safely conclude that the impact will last for a number of months (best case scenario) post Covid-19. In Sri Lanka too we can expect our […]
”’; 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)’. The Outlook is stable. AAA’ National Ratings denote the highest rating assigned by the agency in its National Rating scale for that country. This rating is assigned to issuers or obligations with […]
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 Lankan communities overseas and are working towards assisting and facilitating the many Sri Lankan expatriates in the region in the wake of the COVID-19 epidemic. Mission wise, databases of Sri Lankan students and other expatriates are being compiled by the Missions with a view to keeping in close contact […]
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 further notice, the President’s Media Division said. In all other districts, curfew which was re-imposed at 2.00 pm today (30) will continue till 6.00 am on April 01st, Wednesday. Traveling to […]