Author: LBO Admin
Restaurants can now add new food order features on Instagram
To support small and independent restaurants struggling during the ongoing lockdown, Uber Eats has linked the “Order Food” buttons from their Instagram profiles and “Order Food” stickers in their Stories, directly with the app. Both these Instagram features will link directly to each restaurant’s specific Uber Eats menu thereby enabling a seamless order experience for […]
Central Bank extends deadline for submitting requests for debt moratoriums
May 01, 2020 (LBO) – Sri Lanka’s Central Bank has extended the deadline (30.04.2020) for submitting requests for debt moratoriums and 4 percent per annum refinancing facility for two months working capital, until 15 May 2020. The decision has been taken after considering the difficulties faced by some customers of financial institutions affected by the […]
| The right way to leave lockdown
Governments are starting to ease restrictions designed to curb Covid-19. But with most of the world still vulnerable to the virus, what’s the right way to leave lockdown?
President responds to former Finance Minister Mangala Samaraweera
May 01, 2020 (LBO) – President Gotabaya Rajapaksa has responded to the letter sent to him by former Finance Minister Mangala Samaraweera on April 28. This response that was sent with Secretary to the President P. B. Jayasundera’s signature noted that the letter of former MP has been compiled based on misinformation. The President noted […]
SEC grants relief measures; extends due date for submission of audit reports
Apr 30, 2020 (LBO) – Sri Lanka’s Securities and Exchange Commission having taken into consideration the challenges faced by the licensed entities in complying with certain regulatory requirements due to COVID-19, has decided to grant several relief measures. I. Extensions of time for the licensed/registered entities to submit reports to the SEC The due date […]
SEC introduces 3-Tiered Circuit Breaker attached to S&P SL20
Apr 30, 2020 (LBO) – Sri Lanka’s Securities and Exchange Commission has introduced a Three Tiered Circuit Breaker structure which is to be attached to the S&P SL20 Index in order to eradicate distortion in the S&P SL20 Index by providing a layered approach. The circuit breaker mechanism will take effect from the date the […]
Sri Lanka Ports Authority urges importers to clear vehicles
Apr 30, 2020 (LBO) – Sri Lanka Ports Authority (SLPA) reiterates that the prevailing Covid-19 restrictions are no obstacle to clear the vehicles at the Colombo Port. About 400 vehicles have already been parked at the East Container Terminal (ECT) of the Port of Colombo whilst a considerable number has been parked at the Unity […]
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Apr 30, 2020 (LBO) – Fitch Ratings has downgraded the rating on SriLankan Airlines Limited’s (SLA) USD175 million government-guaranteed 7% unsecured bonds due 25 June 2024 to ‘B-‘, from ‘B’. KEY RATING DRIVERS The rating action follows the downgrade of Sri Lanka’s Long-Term Foreign- and Local Currency Issuer Default Ratings to ‘B-‘, from ‘B’, with […]
Mobitel empowers Sri Lanka Police with hi-tech body cameras
As part of supporting the nation’s fight against COVID-19, Mobitel, Sri Lanka’s National Mobile Service Provider introduced the latest Body Cameras to Sri Lanka Police at an event held at the Police Park Headquarters recently. The landmark event which took place under the patronage of the Senior Deputy Inspector General (DIG) of Sri Lanka Police, […]
VIDEO: How coronavirus charts can mislead us
Much of the data about the coronavirus epidemic and covid-19 is flawed. It is collected and reported in different ways by different countries, and almost certainly undercounts the number of cases and deaths. But organizations and journalists still need to report the available data to inform the public and help guide policymakers.Much of that data […]
Sri Lanka will receive help from leading Chinese companies & banks: Acting Ambassador
Apr 29, 2020 (LBO) – Sri Lanka will receive help not only from the Central Government of China but also from the country’s leading companies and banks to rebuild its economy in the post – COVID -19 period, the Acting Chinese Ambassador Hu Wei said. Full statement issued by President’s Media Division “Sri Lanka is […]
Private hospitals extend their lab services for PCR testing
The Association of Private Hospitals and Nursing Homes (APHNH) in a statement to media, said they will extend all possible assistance to the national operations programme for Covid-19 outbreak, in conducting the much needed PCR tests to help control the spread of Covid-19 in Sri Lanka. As such, the medical laboratories of Lanka Hospitals, Asiri […]