Author: Ashanthi Ratnasingham
Asia Securities forecasts strong growth trajectory for equities in 2021
Following a year of volatility, leading stockbroking firm Asia Securities (Pvt) Ltd, notes that the road ahead for Sri Lanka’s capital markets is optimistic, with the ASPI expected to reach 7,400-7,600 in 2021. The Sri Lankan stock market marked a V-shaped recovery in 2020, seeing one of its strongest rallies to recover all losses suffered […]
ComBank further slashes lending rates
Jun 26, 2020 (LBO) – The Commercial Bank of Ceylon has announced a further lending rate cut, slashing rates by up to 2 percent on all categories of loans in a continuing effort to bolster businesses affected by the COVID-19 pandemic by providing affordable access to desperately-needed funds. The Bank took steps to reduce lending […]
Sri Lanka inaugurates new ADB funded COVID-19 test lab
Jun 25, 2020 (LBO) – The Asian Development Bank (ADB) has funded the construction and equipment of a new molecular polymerase chain reaction (PCR) laboratory at the Colombo East Base Hospital to support Sri Lanka in its response against the coronavirus disease (COVID-19) pandemic. The facility was declared open by Minister of Health and Indigenous […]
SL should aim for V-shaped economic recovery post COVID 19 : Cabraal
Jun 25, 2020 (LBO) – Ajith Nivard Cabraal, advisor to the Prime Minister on Economic Affairs says that Sri Lanka should aim for V-shaped economic recovery and aspire for high growth in the immediate future. Elaborating further on the topic Cabraal told Lanka Business Online exclusively. ……..
Sri Lanka tourism post COVID-19 – way forward
Jun 24, 2020 (LBO) – Following Sri Lanka’s successful containment of COVID-19, Sri Lanka Tourism has been collaboratively exploring avenues of re-positioning Sri Lanka as the world’s number one destination with an excellent health care system, by introducing extensive health and safety protocols to ensure a ‘Safe and Secure’ traveller experience. Through an extensive consultative […]
President wants media to help preserve national identity and cultural values
Jun 24, 2020 (LBO) – President Gotabaya Rajapaksa highlighted the necessity of right media practice that helps preserving Sri Lankan identity and cultural values. He made this comment during a progress review meeting with the Independent Television Network(ITN) at the Presidential Secretariat yesterday. The changes that should be made to create a new television culture […]
Only the rate cut of CB not enough: Cabraal
Jun 19, 2020 (LBO) – Sri Lanka needs to think out of the box and have a different approach to the present local and world economic crisis stemming from COVID -19, a senior official said. “We need to look at more out of the box thinking. If you want to stimulate the economy you should […]
Nations Trust Bank offers easy access to your statements
Jun 10, 2020 (LBO) – Nations Trust Bank achieved another “first” in the industry by introducing “Nations Online Statement Platform”. Customers of Nations Trust Bank can now log in from anywhere at their convenience, using their registered mobile number and access their bank statements and transaction histories. Nations Direct, the suite of digital banking services […]
Sri Lanka economy on the mend in 2020 : Will look at new IMF deal
Feb 11, 2020 (LBO) – A revival in economic activity can be expected in 2020 with the support of better fiscal and monetary measures with Sri Lanka also looking at a fresh deal with the IMF, a senior official said. Speaking at the Ceylon Chamber of Commerce’s Economic Outlook launch for 2020 the Central Bank […]
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 to become upper-middle-income economy
Sep 27, 2019 (LBO) – Sri Lanka needs to invest in people to unlock its productive potential, a senior official said. “People are the most valuable resource in any country and investing in people is smart economics,” said Idah Z. Pswarayi-Riddihough, World Bank County Director for Nepal, Sri Lanka and Maldives. “Technology and automation are radically changing the very nature of work […]