Sri Lanka delisted by European Commission from list of high risk 3rd countries

May 12, 2020 (LBO) – The European Commission has de-listed Sri Lanka from its list of High Risk Third Countries with Anti- Money Laundering and Countering the Financing of Terrorism Strategic Deficiencies published on May 07, 2020. Since the listing by the FATF, the Financial Intelligence Unit (FIU) together with other stakeholders had taken a […]

Identify potential future risks and strive with vigilance: President

May 12, 2020 (LBO) – President Gotabaya Rajapaksa has stressed the importance of perseverance without faltering in the battle against COVID-19 while maintaining public life and economy alive at the same time.The President noting that the entire country has commenced economic activities  emphasized that no room should be left for a famine to follow the pandemic. […]

WHO and DFAT donate vital equipment and supplies to fight COVID-19 in Sri Lanka

May 11, 2020 (LBO) – The World Health Organization (WHO) handed over a donation of essential laboratory equipment, hospital equipment, personal protective equipment, and consumables to the Government of Sri Lanka to address the COVID-19 crisis. The procurement, of over 800,000 USD, focused on equipment that is essential to effectively controlling COVID-19 in Sri Lanka. […]

Central Bank urges financial institutions to reduce lending rates without delay

May 06, 2020 (LBO) – Sri Lanka’s Central Bank urges financial institutions to reduce lending rates without further delay. Failing which, the Central Bank said they will be compelled to take appropriate regulatory action to bring down market lending rates. “The Monetary Board noted, with disappointment, that market lending rates have not declined in line […]

ADB’s trade finance program supports medical supplies to combat COVID in Sri Lanka

May 06, 2020 (LBO) – The Asian Development Bank (ADB) has provided a guarantee for a $25 million trade loan to the State Pharmaceuticals Corporation of Sri Lanka (SPC) to purchase medical supplies as part of the country’s response to the novel coronavirus disease (COVID-19) pandemic. The supplies, to be purchased by SPC with the […]

Sri Lanka Tourism requests all tourists in the island to register

May 05, 2020 (LBO) – Sri Lanka Tourism is in the process of gathering details of all tourists, businessmen and expatriates engaged in the tourism industry of Sri Lanka in the outbreak of COVID-19 Pandemic in the country.  According to immigration data, there are 11,389 tourists in the country as of 4th May and Sri […]

Private sector supports establishment of a Molecular Diagnostic Laboratory at IDH

May 04, 2020 (LBO) – A new Molecular Diagnostic Laboratory of the National Institute of Infectious Diseases (IDH) was declared open on 28 April 2020 by Dr. Anil Jasinghe, Director-General of Health Services. The new Laboratory was made possible due to funding and pledges received from private sector donors Melstacorp PLC, John Keells Holdings PLC, […]

Dialog commences critical ICU development at Negombo general hospital

May 04, 2020 (LBO) – As the first stage of the recently pledged 200 million rupees towards urgently required ICU capacity development in hospitals selected by the Ministry of Health (MOH), Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, commenced immediate civil reconstruction for the expansion and provision of all equipment to establish a fully […]

Local oil palm industry ready to support govt. domestic agriculture drive: POIA

May 04, 2020 (LBO) – Sri Lanka’s oil palm cultivators can provide tangible support to the government’s efforts to promote local agriculture and import substitution as a response to the impact of the COVID-19 pandemic on the national economy, the sector’s apex industry association has said. In a statement, the Palm Oil Industry Association (POIA) […]

WHO convenes manufacturers, regulatory authorities meet on COVID-19 vaccines

May 04, 2020 (LBO) – Gearing up for the much needed COVID-19 vaccines, the World Health Organization recently organized a meeting of vaccine manufacturers and national regulatory authorities from its South-East Asia Region. “The manufacturing capacity that exists in our Region is of the quality and scale required to produce and roll-out a COVID-19 vaccine globally. […]

Resumption of civilian life and office work begins from May 11

May 04, 2020 (LBO) – While the curfew is in force in the districts of Colombo, Gampaha, Kalutara and Puttalam, the resumption of civilian life and state and private sector activities will begin from Monday, 11th May, the Presidents office said. In order to ensure return to normalcy in civilian life and to revive the […]

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