Category: Featured
Women in the workforce and why it matters for Sri Lanka: World Bank
To mark this year’s International Women’s day, we’re discussing how Sri Lanka can benefit from more women joining the workforce and what can be done to improve their job prospects and remain at work. World Bank Country Director for Maldives, Nepal and Sri Lanka Dr. Idah Pswarayi-Riddihough was featured in a “Spotlight Series” interview with […]
AXIATA digital labs embarks on successful journey as digital service provider
Mar 10, 2020 (LBO) – AXIATA Digital Labs (ADL), a subsidiary of the AXIATA Group, Berhad, Malaysia has emerged as a ground breaking digital start-up providing optimal digital solutions, primarily to AXIATA Group. ADL was launched on the 1st of January 2019 and celebrated its first anniversary in 2020. The tech start-up thrives as the […]
COVID-19 Outbreak to have significant economic impact on developing Asia: ADB
Mar 10, 2020 (LBO) – The ongoing novel coronavirus (COVID-19) outbreak will have a significant impact on developing Asian economies through numerous channels, including sharp declines in domestic demand, lower tourism and business travel, trade and production linkages, supply disruptions, and health effects, according to a new analysis by the Asian Development Bank (ADB). The […]
‘s more difficult to register a small business than a limited company: Report
Mar 06, 2020 (LBO) – Advocata Institute launching its report on regulations to small business and red tape project called for the removing of legal and regulatory barriers faced by small and micro entrepreneurs. The report looks in on the main barriers for the establishment and operation of these enterprises. “We see the regulatory processes, […]
Huawei signs MOU with Sri Lanka’s Moratuwa University to enhance ICT knowledge transformation
Mar 06, 2020 (LBO) – Huawei Sri Lanka and University of Moratuwa (UOM) entered into a Memorandum of Understanding (MoU) to enable the educated and talented youth in Sri Lanka to further enhance their skills in the ICT domain and to be competitive in the ever growing ICT industry, as part of Huawei’s long-term digital […]
COVID-19 outbreak likely to affect Sri Lanka’s economic performance : Central Bank
Mar 05, 2020 (LBO) – The exact impact on the Sri Lankan Economy would depend on the extent of the global spread of the COVID-19 outbreak, its persistence and policy responses of major economies and trading partners, the Central Bank said. “Sri Lanka’s economic links with China could be directly affected as significant volumes of […]
Policy interest rates of Central Bank of Sri Lanka to remain unchanged
Mar 05, 2020 (LBO) – The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 04 March 2020, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 6.50 percent and 7.50 percent, respectively, and […]
Sri Lanka national tea sale average up in Feb 2020; Highest since April 2018
Mar 05, 2020 (LBO) – National average for the month of February 2020 totalled Rs. 601.91 vis-à-vis Rs. 588.85 of January 2020, showing an increase of Rs. 13.14 month on month. In comparison to February 2019 average of Rs. 581.96, shows an increase of Rs. 20.03 YOY. When analysing the respective elevational averages for the […]
Secretary General of BIMSTEC calls on Minister of Foreign Relations
Mar 05, 2020 (LBO) – Ambassador Shahidul Islam Secretary General of Bay of Bengal Initiative for Multi Sectoral Technical Cooperation (BIMSTEC) commended on the progress made by BIMSTEC member states. He made these comments at the 3rd permanent working committee and the 20thsSession of the senior officials’ meeting held from 1-3 March 2020 during his […]
Our people-centric economic model aims at overcoming development slowdown:President
Mar 05, 2020 (LBO) – Accelerating our economic development is the primary challenge facing Sri Lanka today and most of the security issues that Sri Lanka has faced over the years have been due to the exploitation of the economically disadvantaged, President Gotabaya Rajapaksa said. The proposed people-centric model takes this factor into account, said […]
HSBC CFW introduces impact-based responsible program for the Sri Lankan fashion industry
Mar 04, 2020 (LBO) – The “Responsibility in Fashion” program by HSBC Colombo Fashion Week introduces three responsibility and circularity-based initiatives, which are actionable impacts and with this HSBC Colombo Fashion Week opens the door for the stakeholders of the Sri Lankan fashion design industry to embrace and start on a journey towards circularity. Issuing […]
World Bank announces up to USD12Bn immediate support for COVID-19
Mar 04, 2020 (LBO) – As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action […]