Industry

Sri Lanka’s Central Bank reduces bank rate

Apr 16, 2020 (LBO) – The Monetary Board of the Central Bank at its meeting held yesterday, having observed the cumulative reduction of the key policy …

Temporary suspension of SriLankan flights extended to 30th April

Apr 15, 2020 (LBO) – SriLankan Airlines says that they are compelled to extend the temporary suspension of its scheduled passenger flights till April 30, as …

Relief measures for tourist guides during COVID -19 outbreak

Apr 14, 2020 (LBO) – Due to the effect of COVID-19 on the tourism industry, the annual renewal of the guide license fee for the year 2021 will be waived …

PUCSL extends electrical and plumbing issues

Apr 14, 2020 (LBO) – A special service to provide solutions for electrical systems and plumbing issues of households during the curfew period which has …

ADB triples COVID-19 response package to USD20Bn

Apr 14, 2020 (LBO) – The Asia Development Bank (ADB) has tripled the size of its response to the novel coronavirus disease (COVID-19) pandemic to US20 …

South Asia must ramp up COVID-19 action to protect people, revive economies

Apr 14, 2020 (LBO) – Amid the mounting human toll and global economic fallout triggered by the COVID-19 pandemic, South Asian governments must ramp up …

Joint Apparel Association Forum predicts USD1.5bn reduction in June quarter exports

Apr 10, 2020 (LBO) – The Joint Apparel Association Forum (JAAF) foresees an immediate contraction of 1.5 billion US dollars in Sri Lankan apparel exports …

First bunkering ship discharges low sulphur fuel at Hambantota Intl. Port

Apr 08, 2020 (LBO) – Bunkering vessel Mt. Melody docked at the Hambantota International Port (HIP) last week to discharge approximately 25,000 MT of oil into …

Sri Lankan Banks’ risks to persist despite regulatory measures: Fitch Ratings

Apr 08, 2020 (LBO) – Fitch Ratings believes that the extraordinary regulatory measures announced by the central bank – focusing on the relaxation of …

WhatsApp introduces limit to message forwarding

With billions of people unable to see their friends and family in person due to COVID-19, people are relying on WhatsApp more than ever to communicate. People …

COVID-19 prevention program proceeds with professional expertise: President

Apr 06, 2020 (LBO) – Presided by President Gotabaya Rajapaksa, a discussion took place at the Presidential Secretariat to review the progress of the …

Sri Lanka’s Hatch and LAN gear up to launch first fintech accelerator

Apr 06, 2020 (LBO) – In April 2020, Hatch in partnership with Lankan Angel Network (LAN) and through the support of the Ford Foundation, will officially …

Chamber Academy hosts first Work-From-Home webinar

Taking the lead in empowering the private sector during COVID-19, the Chamber Academy of the Ceylon Chamber of Commerce in collaboration with FITIS and LK …

Daraz can bring expertise from its parent company Alibaba during this time of crisis and potentially service 10,000 households daily

Daraz, Sri Lanka’s largest e-commerce platform, ordinarily connects thousands of sellers to millions of consumers across the country. Now, however, the …