All Blogs
VIDEO: Flattening the curve, what this chart actually means for COVID-19
Stay informed. Stay cautious, but not scared. Listen to scientists and public health officials and follow their guidance.By protecting yourself, you’re protecting the most vulnerable among us. Together we can flatten the curve on COVID-19 and SARS-CoV-2.
BBK Partnership, Jaffna’s accountants to the World
I first heard of the BBK Partnership Sri Lanka in 2015. I first spoke with its co-founder Anandan Arnold in 2018, and finally met him in March 2020 at a hospital in Manipay Jaffna. He was dressed rather informally for a Partner of London’s BBK Partnership of Chartered Accountants. Anandan (pictured below on the right) […]
Srilankan cancel flights to 31 destinations: Retains London, Melbourne, Chennai, Delhi & Narita
Mar 19, 2020 (LBO) – SriLankan Airlines has temporarily suspended services to several destinations following the partial shutdown of Bandaranayake International Airport. The full list follows: Kindly note SriLankan Airlines has cancelled following flights/destinations due to COVID-19 outbreak. hts/destinations due to COVID-19 outbreak. Kuwait (KWI) – from 07MAR to 28MAR Jedda (JED) – from 12MAR […]
CSE to remain closed
Mar 19, 2020 (LBO) – The Colombo stock market will remain closed for the fourth consecutive day Thursday although an announcement was made that the market will resume today. The market has been closed all week to assist in curbing the spread of COVID-19, and to ensure the safety of all market participants. This was […]
VIDEO: How can we solve the antibiotic resistance crisis?
Antibiotics: behind the scenes, they enable much of modern medicine. We use them to cure infectious diseases, and to safely facilitate everything from surgery to chemotherapy to organ transplants.But we’ve stopped discovering new ones and we’re at risk of losing them forever. How did we get into this situation?Gerry Wright shares what we can do […]
Sri Lanka urges foreign states to extend visas of visiting Sri Lankans
Mar 18, 2020 (LBO) – Sri Lanka requests foreign governments to facilitate the appropriate extension of visas for Sri Lankans currently visiting their countries and facing difficulty to return to Sri Lanka on account of the travel bans that have and will become applicable as part of the control measures on COVID- 19. Full statement […]
Imported masks & disinfectants exempted from taxes
Mar 18, 2020 (LBO) – Sri Lanka’s government has decided to exempt imported face masks and disinfectants from taxes with effect from midnight today. Accordingly, these items have now been subjected to the Special Commodity Levy Act. The Finance Minister has taken this decision in view of the high demand for the products due to […]
Colombo Chamber appeals to curb spread of COVID-19 in banking network
Mar 18, 2020 (LBO) – Colombo Chamber of Commerce appeals to curb the spread of COVID-19 in the banking network. The chamber suggests the following steps to be implemented particularly in the Banking Sector which has a greater economic impact and high possibility of exposure to this deadly virus spread. This is an attempt by […]
Measures adopted by CB during public holiday period
Mar 18, 2020 (LBO) – The Central Bank of Sri Lanka (CBSL) wishes to inform that the following measures have been adopted by CBSL during the public holiday period announced by the Government. REAL TIME GROSS SETTLEMENT OPERATIONS The Real Time Gross Settlement (RTGS) operations will be continued as usual. BANKING SECTOR OPERATIONS Banks have […]
President orders banks to suspend loan recoveries from businesses for 6 months
Mar 17, 2020 (LBO) – Sri Lanka’s President Gotabaya Rajapaksa orders banks and financial institutions to suspend the recovery of loans to businesses for a period of six months. In a televised speech to the nation, the President said that he would request banks to provide working capital loans to businesses at 4 percent interest. […]