Author: LBO Admin
Condo Ass. requests Govt to permit commencement of construction projects
Apr 19, 2020 (LBO) – The Condominium Developers Association of Sri Lanka (CDASL) in a letter to the President of Sri Lanka has requested the government to permit and facilitate the commencement of construction projects as soon as practically possible. “All construction sites in Sri Lanka are suspended, and with them employment and income for […]
Online forum on COVID-19 with Tourism industry leaders by Advocata
Advocata Institute is hosting a panel discussion with tourism industry leaders, Kimarli Fernando (Chairperson, Sri Lanka Tourism), Vipula Gunatilleka (CEO, SriLankan Airlines), Sanath Ukwatte (Chairman, Sri Lanka Hotel Association), Mahen Kariyawasam (President, Sri Lanka Inbound Travel Operators); moderated by Murtaza Jafferjee (Chair, Advocata Institute) on the impact of COVID-19 on Sri Lanka’s Tourism Industry. The […]
Opinion: Emerging narratives for a post-lockdown society
By Abhishek Hariharan The fear of contagion has struck deep, and some things will perhaps never go back to the way they were. Here are some possible narratives and changing paradigms that could emerge in a post-COVID-19 world: 1. Performative Hygiene As it turns out, it is age-old, basic and mundane practices like handwashing that […]
Sri Lanka relaxes curfew regulations to restore normalcy in civilian life
Apr 18, 2020 (LBO) – Sri Lanka’s Government with the objective of restoring normalcy in civilian life, has decided to relax the curfew imposed in order to control the spread of COVID – 19. Lifting and imposing curfew at the district level and the Police Division level within the district will be carried out as […]
VIDEO: Discussion on impact of COVID-19 on Sri Lankan export industry
The Advocata Institute hosted an online discussion featuring Ashroff Omar (CEO, Brandix), Dilhan Fernando (CEO, Dilmah Tea), Romesh David (CEO, SAGT) and Prabhash Subasinghe (Chairman, Sri Lanka Export Development Board), moderated by Murtaza Jafferjee (CEO, JB Securities). The discussion covered the current challenges faced by Sri Lankan businesses and route to recovery, with a special […]
Economic impact of COVID-19 in Sri Lanka: Insights by ICRA
Apr 18, 2020 (LBO) – ICRA Lanka expects the Sri Lankan economy to face a recession of magnitude -1.9% in 2020 with a U-shape recovery path returning to its pre-crisis level by Q1 of 2021. “All alternative scenario simulations point to recessionary outcomes – an escalation of the pandemic leading to a severe L-shape recession […]
CCC proposes public-private shared vision for economic recovery post-COVID
Apr 17, 2020 (LBO) – The Ceylon Chamber of Commerce, in a communication to the President has proposed a Shared Vision, Economic Recovery Strategy and Stimulus Plan targeting an accelerated Post-COVID-19 recovery of the Sri Lankan Economy. The following sets out the key elements of the proposal addressed to the President by the Ceylon Chamber […]
”s B2 ratings on review for downgrade
Apr 17, 2020 (LBO) – Moody’s Investors Service (“Moody’s”) has today placed the Government of Sri Lanka’s long-term foreign-currency issuer and senior unsecured B2 ratings under review for downgrade. Full statement Rating Action: Moody’s places Sri Lanka’s B2 ratings on review for downgrade Singapore, April 17, 2020 — Moody’s Investors Service (“Moody’s”) has today placed […]
How to manage public transport in post-COVID: Recommendations by CCC
Apr 17, 2020 (LBO) – The Ceylon Chamber of Commerce has formulated and submitted a proposal to the government on how to manage passenger transport safely as the government considers exit strategies from the current curfew status. The working paper was formulated by the Sub Committee on Passenger Transport of the National Agenda Committee (NAC) […]
‘s request for Rapid Credit Facility this week
Apr 17, 2020 (LBO) – The International Monetary Fund (IMF) is starting to review Sri Lanka’s request for Rapid Credit Facility this week, the international organization said. During a press briefing held yesterday, IMF’s Director of Asia and Pacific Department, Changyong Rhee confirmed that they received a letter from Sri Lanka’s government about the Rapid […]
” rating
Apr 16, 2020 (LBO) – Fitch Ratings has revised the Outlook on Sri Lankan consumer-durable retailer Abans PLC’s National Long-Term Rating to Negative from Stable. Fitch has simultaneously affirmed the National Long-Term Rating at ‘BBB+(lka)’, the ‘BBB+(lka)’ rating on Abans’ outstanding senior unsecured debentures and the ‘F2(lka)’ National Short-Term Rating on its commercial paper. The […]
Smoking cessation in Sri Lanka: A silver lining in COVID-19 crisis?
Chathurga Karunanayake As the deadly COVID-19 pandemic threatens the entire world, claiming thousands of lives and disrupting economic activities, it would be wise to look at the role smoking cessation could play in the response. According to the World Health Organization (WHO) and the Government Medical Officers’ Association (GMOA), smokers are at a higher risk […]