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Sri Lanka records a subdued growth of 2.3-pct in 2019: CBSL Annual Report
Apr 28, 2020 (LBO) – Sri Lankan economy recorded a subdued growth of 2.3 percent in 2019, compared to the growth of 3.3 percent in 2018, as per the provisional estimates of GDP of the Department of Census and Statistics (DCS). All major sectors of the economy recorded positive, but modest growth rates, releasing its […]
Opinion: Innovation in the Lockdown era — A frugal approach
By Shane Herath There’s an unprecedented level of uncertainty and even panic regarding the coronavirus pandemic and the impact it has on the industries that we operate in, and the world at large. Businesses worldwide are preparing for the worst — with the virus not showing any signs of slowing down — taking action to […]
Emirates SkyCargo supports Sri Lankan exporters’ supply chain
Emirates SkyCargo, the freight division of Emirates, has helped Sri Lankan exporters despatch nearly 100 tonnes of local produce to markets in Europe, the Middle East and Asia over the past two weeks, keeping supply chains and revenue flows open despite the suspension of scheduled passenger flights from Colombo. The cargo airline deployed two Boeing […]
50 stranded Pakistanis repatriated via Sri Lankan Airlines
Apr 28, 2020 (LBO) – Pakistan High Commission in Colombo has coordinated with Sri Lankan Authorities for the successful return of 50 stranded Pakistanis via Sri Lankan Airlines flight UL-1185 that left Colombo today morning. Pakistan High Commission in Colombo said in a statement that the Deputy High Commissioner, Tanvir Ahmad was present to see […]
Concessionary period for port occupational charges extended up to 07 May
Apr 28, 2020 (LBO) – The Ministry of Ports and Shipping has informed Sri Lanka Ports Authority (SLPA), SAGT and CICT on 27 April 2020 to extend the concessionary period for occupational charges in the Port of Colombo and all commercial ports in Sri Lanka, up to 07 May 2020. Due to the prevailing Covid-19 […]
Central Bank imposes maximum interest rates on pawning advances of banks
Apr 27, 2020 (LBO) – Sri Lanka’s Central Bank has decided to impose maximum interest rates on pawning advances of licensed banks. The decision has been taken after considering the necessity to provide relief to low income individuals who are pawning gold jewellery to meet their short-term financing needs due to the adverse economic situation […]
No decision should be taken outside the Constitution – Maha Sangha emphasise
Apr 27, 2020 (LBO) – President Gotabaya Rajapaksa enlightened the Maha Sangha on the measures taken by the Government to control the spread of COVID – 19 virus and their progress during a meeting held recently. President explained about the control of the spread, quarantine process, reliefs granted to people and future measures to revive […]
Sri Lanka COVID cases cross 500 : Island-wide curfew imposed today
Apr 27, 2020 (LBO) – Sri Lanka’s COVID-19 cases rose to 523 as the Government yesterday cancelled leave of all armed forces personnel and extended countrywide curfew. Meanwhile, issung a statement the Presidents office said the curfew is in order to facilitate officers of the security forces who are on leave to report back to […]
Opinion: Building wealth amid COVID-19
By Blue Ocean Group of Companies Time in the Market Is Better Than Timing the Market The COVID-19 pandemic has swept across the world, not merely spreading disease but diffusing tough luck for the global economy, global health, our communities, our economies and our investments in a forceful defensive stance. Hastily the real estate and […]