All Blogs
World Bank identifies new areas of cooperation in Sri Lanka
Jan 31, 2020 (LBO) – The World Bank and Sri Lanka has identified several new areas of development cooperation in addition to the World Bank-funded existing projects. They are renewable energy, garbage disposal, watershed management, plantation for export, easing traffic congestion and pedestrian and road safety. This understanding has been reached during a discussion that […]
Coronavirus death toll upto 213 : WHO calls it global virus emergency
Jan 31, 2020 (LBO) – The World Health Organization said the virus represents a risk outside of China and is calling it a global virus emergency. The death toll in China had climbed to 213 by Friday with nearly 10,000 infections, according to foreign media reports. Global outbreak includes 98 cases in 18 countries […]
Sri Lanka on Crisis watch list 2020
Jan 31, 2020 (LBO) – Crisis Group, an independent, non-profit, non-governmental organisation committed to preventing and resolving deadly conflict has identified and listed Sri Lanka in its watch list 2020. The early-warning Watch List identifies up to ten countries and regions at risk of conflict or escalation of violence. In these situations, early action, driven or […]
‘s request for landing special aircraft in Wuhan city
Jan 30, 2020 (LBO) – Foreign Secretary Ravinatha Aryasinha has said the Chinese Government is expediting the request made for a special aircraft landing in Wuhan City which will allow the evacuation of the Sri Lankan students and their family members. He said the Embassy in Beijing is in communication with the Hubei Foreign Office […]
DFCC Bank wins Top Employer award at CIMA annual conference
Consistently winning recognition and rewards for its visionary and progressive HR strategies, DFCC Bank was recognized yet again as one of the ‘Top 20 Employers in Sri Lanka’, employing the highest number of Chartered Institute of Management Accountant (CIMA)Sri Lanka members in their organization. The gala ceremony was held recently as part of the CIMA […]
Central Bank refrains from commenting on contents of forensic audit reports
Jan 30, 2020 (LBO) – Sri Lanka’s Central Bank on Thursday refrained from commenting on the contents of the forensic audit reports as these reports may be subjected to judicial proceedings in the future. Responding to queries by journalists at the monetary policy press briefing, the Deputy Governor of Central Bank Dr. Nandalal Weerasinghe said […]
Manjula de Silva appointed Sec Gen & CEO of Ceylon Chamber of Commerce
Jan 30, 2020 (LBO) – Manjula de Silva will assume duties as the Secretary-General and CEO of the Ceylon Chamber of Commerce, from February 1st, 2020, the chamber announced. He takes over from Dhara Wijayatilake who retires from that position after serving in that capacity since March 2016. De Silva has held several senior positions […]
Central Bank expects economic growth to exceed 4-pct this year
Jan 30, 2020 (LBO) – Sri Lanka’s economic growth will exceed 4 percent in 2020 as there has been a notable improvement in business confidence caused by political stability and targeted measures taken by authorities to boost demand, the Central Bank Governor said. “Revival in economic activity & confidence, fiscal measures, and credit relief package, […]
VIDEO: US Federal Reserve maintains interest rates in first meeting of 2020
Federal Reserve issues FOMC statement Information received since the Federal Open Market Committee met in December indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has […]