Category: Featured
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 […]
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 […]
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 […]
ICRA Lanka assigns [SL]A-rating for Prime Lands and Prime Residencies
Mar 11, 2020 (LBO) – Rating action ICRA Lanka Limited, Subsidiary of ICRA Limited, Group Company of Moody’s Investors Service has assigned the Issuer rating of [SL]A- (pronounced SL A minus1) with Stable outlook for Prime Lands Residencies (Pvt) Limited (“PRIMER”/ “the Company”). ICRA Lanka has taken a consolidated view of the Prime Group, in […]
Opinion: Is life insurance an absolute necessity?
By Indu Attygala The global life insurance industry is estimated to have grown by around 3% in the past years. Much of this growth has been led by the robust performance of investment products in emerging markets, especially in Asia. In comparison, the Sri Lankan Life insurance industry was the most attractive industry by the […]
Opinion: The cost of being a Sri Lankan woman
By Nishtha Chadha This year’s International Women’s Day theme is #EachforEqual – a concept grounded in the idea of ‘Collective Individualism’. Collective Individualism is the idea that each of us is part of one whole. Our individual actions, conversations, behaviours and mindsets go beyond the confines of our individual lives, and can have a significant […]
WHO officially declared COVID-19 a pandemic
Mar 10, 2020 (LBO) – The World Health Organization officially declared COVID-19 a pandemic. As cases of the coronavirus surge in Italy, Iran, South Korea, the U.S. and elsewhere, many scientists say it’s plain that the world is in the grips of a pandemic — a serious global outbreak. Until now, the World Health Organization […]
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 […]