All Blogs
President reviews current status of proposed unique Digital ID for Sri Lankans
May 13, 2020 (LBO) – President Gotabaya Rajapaksa reviewed the current status of the proposed “unique digital identity card”, which will be issued by obtaining biodata of all citizens only once in the lifetime. Individual biodata could be viewed physically as well as through the internet. The new identity card which contains the most accurate […]
Sampath Bank operating profit down by 10.8-pct, PAT up due to concessions
May 13, 2020 (LBO) – Operating profit of Sri Lanka’s Sampath Bank for the first quarter, which is the real return generated by utilizing the assets and liabilities, declined by 10.8%, interim accounts showed. The challenges brought by COVID – 19 and the recession brought on by the terrorist attack in April 2019 has lead […]
Ceylon Chamber of Commerce establishes a Center for SMEs
May 13, 2020 (LBO) – The Ceylon Chamber of Commerce has established a Center for SMEs to play a more active role in building a dynamic SME sector in Sri Lanka. The Chamber has been offering a range of services to SMEs through different departments within the Chamber as well as through a large number […]
SriLankan Airlines offers passage for travelers supporting lockdown ease
May 12, 2020 (LBO) – Taking into consideration the reopening of economic activity in the world followed by easing of some travel restrictions between countries, SriLankan Airlines is now offering services to passengers who are eligible to travel under the respective country travel advisories to London, Tokyo (Narita) Melbourne and Hongkong and beyond. Accordingly, passengers who […]
Dialog & Huawei donate telepresence infrastructure and connectivity to Health Min
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, and Huawei Technologies Lanka Co., (Pvt) Ltd, donated Telepresence and connectivity solutions to 30 hospitals covering district general hospitals, teaching hospitals and the designated COVID-19 treatment centres that operate under the aegis of Ministry of Health and Indigenous Medical Services (MOH). The fully-fledged Telepresence platform is set […]
Sri Lanka delisted by European Commission from list of high risk 3rd countries
May 12, 2020 (LBO) – The European Commission has de-listed Sri Lanka from its list of High Risk Third Countries with Anti- Money Laundering and Countering the Financing of Terrorism Strategic Deficiencies published on May 07, 2020. Since the listing by the FATF, the Financial Intelligence Unit (FIU) together with other stakeholders had taken a […]
Identify potential future risks and strive with vigilance: President
May 12, 2020 (LBO) – President Gotabaya Rajapaksa has stressed the importance of perseverance without faltering in the battle against COVID-19 while maintaining public life and economy alive at the same time.The President noting that the entire country has commenced economic activities emphasized that no room should be left for a famine to follow the pandemic. […]
Living with (and life after) COVID-19
An article by Tharaka Balasuriya COVID-19 will drastically change the manner in which we live, work, communicate and interact. The degree of change induced in society will be beyond the impact of the virus. As of yet, there is no definite scientific conclusion as to when the pandemic is expected to end, although most mathematical […]
CSE trading closes after S&P SL 20 drops over 10-pct
May 11, 2020 (LBO) – The Colombo Stock Exchange (CSE) closed trading for the day after the S&P SL 20 index dropped over 10 percent from the previous close. The market was closed within a few minutes of trading as per the new directive issued by the Securities and Exchange Commission. SEC introduced a Three […]
RIU hosts webinar on current real estate market
May 11, 2020 (LBO) – Research Intelligence Unit (RIU) webinar discusses current real estate market, building resilience and exploring new opportunities.