Author: LBO Admin
”; Outlook stable
Apr 21, 2020 (LBO) – Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka Branch’s (SCBSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS The affirmation reflects Fitch’s expectation of a high probability of support from parent, Standard Chartered Bank (SCB: A+/Negative/a), if required, subject to any regulatory constraints on […]
SriLankan Airlines special flights to bring back stranded in India, Pakistan and Nepal
Apr 21, 2020 (LBO) – SriLankan Airlines will operate special flights from India’s Amritsar, Coimbatore, Pakistan’s Karachi, Lahore and Nepal’s Kathmandu to bring home 433 Sri Lankan students who have been stranded overseas due to the prevailing travel restrictions imposed in view of the COVID 19 pandemic. These special flights are being operated as part […]
‘s exit strategy proposed by College of Community Physicians
Apr 21, 2020 (LBO) – The College of Community Physicians of Sri Lanka (CCPSL) proposes that a contingency plan needs to be executed by the “whole of government with whole of society”, once the stipulated objectives of containing the epidemic have been partly or fully achieved, which could maximize benefit or minimize damage. Objectives of […]
All liquor shops closed until further notice
Apr 21, 2020 (LBO) – The Government orders to close all liquor shops across the island until further notice. Dr. Haritha Aluthge, the Secretary, Government Medical Officers Association (GMOA) yesterday said that the closure of all liquor shops in the country will be essential to maintain discipline. He also requested people to prevent smoking, as […]
Sri Lanka remembers all those lives lost from Easter Sunday attacks
Apr 21, 2020 (LBO) – On this day, Sri Lanka remembers all those lives lost and changed forever in barbaric acts of violence one year ago. We share the grief of families who lost their loved ones and stand in solidarity with those countries which lost their nationals. (Ministry of Foreign Relations)
Yenlo achieves highest WSO2 reseller status as platinum VAR
Yenlo was named a WSO2 Platinum Value-Added Reseller in recognition of its success in growing global customer adoption and delivering best-in-class open source integration and API management solutions based on the WSO2 platform. Global integration specialist Yenlo today announced that the company is now a WSO2 Platinum Value-Added Reseller, the highest reseller status recognized by […]
President explores possibility of developing Agri & other industries
President Gotabaya Rajapaksa is pondering the idea of creating a new mechanism by combining all districts in the country to purchase, store and distribute agro products. The Government Agents should take this mechanism forward, President emphasizes.President made these observations during a meeting with the District Secretaries held at the Presidential Secretariat today (20). The cooperation […]
Central Bank permits remittances to Sri Lankans abroad on visits & studies
Apr 20, 2020 (LBO) – Central Bank reiterates that there is no hindrance to providing financial assistance to Sri Lankans who have gone abroad to pursue studies or short visits. Making a clarification on the matter, the bank, however, requested all concerned parties to make use of the opportunity in a responsible manner. Family members […]
Opinion: COVID-19 and foreign exchange woes: Can Sri Lanka find a way out?
Bilesha Weeraratne Growing pressure on Sri Lanka’s scarce foreign exchange resources, due to the wide spread of COVID-19 across the globe, is now more real than ever before. To ease this pressure, the Central Bank of Sri Lanka (CBSL) has taken many measures to attract as well as retain more foreign exchange in Sri Lanka. […]
Dialog extends critical connectivity solutions to IDH Hospital
Apr 20, 2020 (LBO) – In an effort to support medical professionals and essential medical services during the ongoing COVID-19 crisis, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider extended free critical connectivity solutions for video conferencing facilities and Internet access to support the medical staff at IDH – the central healthcare institution spearheading the […]
‘s places ratings of BOC, HNB & Sampath Bank on review for downgrade
Apr 20, 2020 (LBO) – Moody’s Investors Service has placed the B2 long-term local currency deposit and foreign currency issuer ratings of Bank of Ceylon (BOC), Hatton National Bank (HNB) and Sampath Bank on review for downgrade. At the same time, Moody’s has downgraded the Baseline Credit Assessment (BCA) of BOC to b3 from b2 […]
Ongoing curfew in Western Province extended further
Apr 20, 2020 (LBO) – Ongoing curfew in the districts of Colombo, Gampaha, Kalutara, and Puttalam will remain in force until 5.00 am on Monday, April 27th, amending the earlier announcement, the President’s Media Division said. In all other districts, curfew will be effective from 8.00 pm to 5.00 am till Friday, April 24th. In […]