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CBSL implements extraordinary measures to facilitate banks to support businesses
Mar 30, 2020 (LBO) – The Monetary Board of Sri Lanka’s Central Bank has decided to introduce several extraordinary regulatory measures to provide flexibility to Licensed Commercial Banks and Licensed Specialised Banks to provide some relief to businesses and individuals affected by the COVID-19 crisis. In deciding these measures, the Monetary Board has taken note […]
”: Economic impact of COVID-19 on Sri Lanka
Kithmina Hewage Over a quarter of the world’s population is currently under movement restrictions. For the first time in recent human history, coronavirus has shattered the myth that the economy must come first. While public health concerns, undoubtedly, should take precedence over all other considerations when dealing with the COVID-19 pandemic, it would be unwise […]
National carrier brings down medical aid from China
Mar 30, 2020 (LBO) – SriLankan Airlines, uplifted a consignment of medical aid from Shanghai, China recently. This was a donation made by the Sri Lankan Community in China through the Consulate Generals of Sri Lanka in Guangzhou and Shanghai, facilitated by the Embassy of Sri Lanka in China. The consignment contained essential medical items […]
COVID-19: Have global banks ascertained key industrial impacts, prior to offer solutions
By Gayan Gunewardana: The 2019 novel- Coronavirus (covid-19) outbreak, which originated in China has infected nearly 700,000 people globally till date. The impact has left businesses around the globe counting costs and more likely A global-recession would be a definite norm as per IMF’s projections. It’s a challenging task to gage the potential economic or […]
SriLankan Airlines brings down medical aid from China
SriLankan Airlines, continuing to answer the call of the Nation, uplifted a consignment of medical aid from Shanghai, China today (March 28,2020). This was a donation made by the Sri Lankan Community in China through the Consulate Generals of Sri Lanka in Guangzhou and Shanghai, facilitated by the Embassy of Sri Lanka in China. The […]
Update on curfew
Mar 29, 2020 (LBO) – The curfew in force in the districts of Colombo, Gampaha, Kalutura, Puttalam, Kandy and Jaffna will continue until further notice. In all other districts, curfew will be lifted at 6.00am tomorrow (30th Monday) and will be reimposed at 2.00pm on the same day. Traveling to and from all districts is […]
Over 17,000 overseas Sri Lankans register on ‘Contact Sri Lanka’
Mar 29, 2020 (LBO) – Over 17,457 Overseas Sri Lankans (OSL) had by Saturday noon (28 March), registered on the ‘Contact Sri Lanka’ Online Portal of the Ministry of Foreign Relations. Of these, 6773 are from the Middle East region, 1892 from Europe, 1302 from South Asia, 1028 from North America and over 6000 from […]
VIDEO: Can automakers help solve the Coronavirus ventilator shortage
Hospitals are already running out of basic supplies like masks, eye gear, gowns and ventilators. Ventilators are key in helping keep people with the most severe cases of COVID-19 alive, but with the number of infected rising daily, there are not nearly enough of them and no easy way to get more.Here is a look […]
Special request by Government to Sri Lankan expats
Mar 27, 2020 (LBO) – The Government urges Sri Lankan expatriates who wish to return to their Motherland to safely remain where they are now until the risk of COVID – 19 virus minimized. The Government has taken several effective initiatives to prevent the spread of the pathogen. In order to stop the virus coming […]
Ships at Sri Lankan Ports exempted from demurrage & entry charges
Mar 27, 2020 (LBO) – President Gotabaya Rajapaksa has instructed the Sri Lanka Ports Authority (SLPA) to immediately provide necessary facilities to ships calling at Ports in the country during the curfew period. Accordingly, the Chairman of SLPA General Daya Rathnayake said all ships have been exempted from demurrage and entry charges. The President had […]