Author: LBO Admin
Travel ban imposed on all passengers from Iran, South Korea and Italy : CAA
Mar 13, 2020 (LBO) – The Civil Aviation Authority (CAA) informed all airlines not to carry passengers to Sri Lanka from Italy, South Korea and Iran with effect from tomorow. Civil Aviation Director General H.M.C.Nimalsiri said the travel ban would be effective for two weeks. “This is to inform all online carriers and offline […]
Identify right model to develop the country: President tells researchers
Mar 13, 2020 (LBO) – President Gotabaya Rajapaksa requested the heads of research organizations to find ways and means to uplift a small country like Sri Lanka with a comparatively small population and an economy. Since the current global economy is based on knowledge, ours should be developed centered around our workforce that can be […]
CSE trading halted temporarily as S & P drops below 5-pct
Mar 12, 2020 (LBO) – Trading at Sri Lanka’s Colombo Stock Exchange (CSE) has been halted temporarily for 30 minutes following the S and P index dropping below 5 percent for the second time this week, stockbrokers said. The S and P index fell 121.48 points or 5.05 percent to 2,284.32 points soon after it […]
Sri Lanka temporarily halts on-arrival visa for tourists
Mar 12, 2020 9LBO) – Sri Lanka’s Government has temporarily suspend the on-arrival-visa facility for foreign tourists until further notice as a measure to control the spread of coronavirus in the country, a statement said. “The Government has decided to suspend on arrival visa facility until further notice,” the Government Information Department said in a […]
SEC to take measures to support stock market
Mar 12, 2020 (LBO) – The Members of the Commission of the Securities and Exchange Commission of Sri Lanka (SEC) convened a special meeting Thursday to assess the current situation in the stock market and determine what regulatory relief and assistance was needed to manage the impact arising from the global stock market downturn due […]
CSE recovers ASPI and S&P making gains during trading
Mar 12, 2020 (LBO) – The Colombo bourse recovered some of its losses after Wednesdays panic selling which led to the indices falling to an 8 year low, a market report said. Positive sentiments set by global markets on renewed hopes of government stimulus and recovery in oil prices led to price gains. Price gains […]
President seeks public cooperation to fight COVID – 19
Mar 12, 2020 (LBO) – President Gotabaya Rajapaksa seeks cooperation of all sections of the society to stop the spread of COVID – 19 in Sri Lanka. The country will have to face disastrous consequences if we behave in an irresponsible manner, the President emphasizes. Many countries in the world have been affected by the […]
Largest participation of emerging designers at HSBC Colombo Fashion Week 2020
Mar 11, 2020 (LBO) – This season, CFW sees the highest participation of high potential Emerging Designers, a testimony to the development of the next generation of designers will be showcased on 19th March. The showcase will be held at the spectacular 35th floor of One Galle Face Tower, overlooking the magnificent cityscape of Colombo. […]
Mobitel demonstrates 5G at One Galle Face Mall
Mar 11, 2020 (LBO) – Mobitel, a connectivity provider demonstrated the latest 5G connectivity at One Galle Face Mall recently. This event, a milestone in the history of broadband in the region, was graced by Oshada Senanayake, Director General of the Telecommunications Regulatory Commission of Sri Lanka (TRCSL), Rohan Fernando, Chairman of SLT and Mobitel […]
Fitch Ratings to review Sri Lanka national ratings assigned to tier 2 debt
Mar 11, 2020 (LBO) – Fitch Ratings will review the National Ratings assigned to the issues of Tier 2 debt of Sri Lankan banks and non-bank financial institutions (NBFIs) following the publication of its updated Bank Rating Criteria on 28 February 2020. Fitch’s ratings approach for the ratings of subordinated debt of NBFIs follows the […]
ICTA to use design thinking to increase usage of the LGN 2.0 within public sector
Mar 11, 2020 9LBO) – Citra Social Innovation Lab, facilitated a design thinking workshop on recommendations to increase usage of the Lanka Government Network 2.0 (LGN 2.0) within the public sector. The LGN 2.0, provided by the Information and Communication Technology Agency (ICTA), is a secure, private network that aims to connect all government organizations […]
