Author: LBO Admin
Free internet facilities for E-learning in Universities
President Gotabaya Rajapaksa has instructed the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) to provide free Internet facilities for all undergraduates in State universities, who had registered for e-learning, so they may without interruption continue with their education. All relevant details of these registered students have already been provided to the TRCSL by the University […]
CBSL requests banks to open at least for 2 hours tomorrow
Mar 22, 2020 (LBO) – Sri Lanka’s Central Bank has requested all Licensed Commercial Banks and Licensed Specialised Banks to keep their branches open at least for two (2) hours on the 23rd March 2020 in the areas where police curfew is lifted to provide urgent banking services to the general public. However, CBSL encourages […]
Curfew in North extended till Tuesday morning
Mar 22, 2020 (LBO) – The ongoing curfew in the districts of Mannar, Vavuniya, Mullaitivu, Kilinochchi and Jaffna in the Northern Province has been extended till 6.00 am on Tuesday (24). President’s Media Division said the curfew in these districts will be re-imposed at 2.00 pm on the same day. People living in the 5 […]
Government indefinitely extends closure of Airport arrival terminal
Mar 22, 2020 (LBO) – Sri Lanka’s Government has decided to indefinitely extend the closure of the arrival terminal at the Airport in order to prevent new cases of the Corona virus into the country. Issuing a statement, the President’s Media Division, however, said that the departure terminal will continue to be operational and flights […]
Ongoing curfew in Colombo & Gampaha districts extended till 6 am on Tuesday
Mar 21, 2020 (LBO) – The ongoing curfew in districts of Colombo, Gampaha, and Puttalam has been extended till 6.00 am on Tuesday (24). In these districts, curfew will be re-imposed at 2.00 pm on the same day (24), President’s Media Division said in a statement. Curfew in other districts will be lifted at 6.00 […]
We are in global recession territory: Fitch Ratings
Mar 21, 2020 (LBO) – The coronavirus crisis is crushing global GDP growth according to Fitch Ratings in its latest quarterly “Global Economic Outlook”. “The level of world GDP is falling. For all intents and purposes we are in global recession territory,” said Brian Coulton, chief economist at Fitch Ratings. Fitch Ratings statement We have […]
VIDEO: Why fighting the coronavirus depends on you
In March 2020, the World Health Organization officially classified Covid-19, the disease caused by the novel coronavirus, as a pandemic. That means the disease no longer constitutes just an outbreak or even an epidemic; the coronavirus has now spread around the world, and will continue to reach into other countries and communities. That’s in part […]
Notice to SriLankan Airlines passengers flying out
Due to an Island-wide curfew that has been imposed across the island from 18:00 hrs (Sri Lanka time) on 20th March 2020 until 06:00hrs (Sri Lanka time) on 23rd of March 2020, SriLankan Airlines passengers flying out during this period can reach the Airport during curfew, by producing their air tickets and passports to security […]
CSE trading closed as both indices drop over 5-pct
Mar 20, 2020 (LBO) – Trading at the Colombo stock exchange closed at midday as the S&P SL20 index of more liquid stocks fell 11.90 percent or 262.42 points to 1.971.11. The All-share index also fell 6.22 percent or 303.10 points in early trade to 4,571.63. The market fell due to the fears of foreign […]
Central Bank introduces urgent measures to ease pressure on exchange rate
Mar 19, 2020 (LBO) – Sri Lanka’s Central Bank has introduced several measures to ease the pressure on the exchange rate and prevent financial market panic due to the COVID-19 pandemic. Accordingly, licensed commercial banks and National Savings Bank are directed to adopt the following measures during the next three months, with immediate effect: Suspend […]
Sri Lanka Govt declares work from home week
Mar 19, 2020 (LBO) – The government has declared a period of work from home for both public and private sectors starting from March 20 to 27, the President’s media division said in a statement. March 20th to 27th declared as ‘Work from home week’ The government has taken every possible measure to contain the […]
Sri Lanka to set up crude oil price stabilization fund
Mar 19, 2020 (LBO) – Sri Lanka will set up a crude oil price stabilization fund to absorb the shocks in global price fluctuations without changing the local oil prices, Co-cabinet Spokesman Bandula Gunawardane said. The government is proposing to collect 200 billion rupees for the fund to facilitate the delayed payments of the Ceylon […]