Category: Industry
Central Bank places restrictions on discretionary payments of banks
May 13, 2020 (LBO) – Sri Lanka’s Central Bank has issued directions to licensed banks restricting their discretionary payments with the aim of maintaining appropriate levels of liquidity in licensed banks while managing cash flows prudently. The Monetary Board has considered the possible adverse impact on liquidity and other key performance indicators of licensed commercial […]
President reviews current status of proposed unique Digital ID for Sri Lankans
May 13, 2020 (LBO) – President Gotabaya Rajapaksa reviewed the current status of the proposed “unique digital identity card”, which will be issued by obtaining biodata of all citizens only once in the lifetime. Individual biodata could be viewed physically as well as through the internet. The new identity card which contains the most accurate […]
Sampath Bank operating profit down by 10.8-pct, PAT up due to concessions
May 13, 2020 (LBO) – Operating profit of Sri Lanka’s Sampath Bank for the first quarter, which is the real return generated by utilizing the assets and liabilities, declined by 10.8%, interim accounts showed. The challenges brought by COVID – 19 and the recession brought on by the terrorist attack in April 2019 has lead […]
SriLankan Airlines offers passage for travelers supporting lockdown ease
May 12, 2020 (LBO) – Taking into consideration the reopening of economic activity in the world followed by easing of some travel restrictions between countries, SriLankan Airlines is now offering services to passengers who are eligible to travel under the respective country travel advisories to London, Tokyo (Narita) Melbourne and Hongkong and beyond. Accordingly, passengers who […]
Dialog & Huawei donate telepresence infrastructure and connectivity to Health Min
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, and Huawei Technologies Lanka Co., (Pvt) Ltd, donated Telepresence and connectivity solutions to 30 hospitals covering district general hospitals, teaching hospitals and the designated COVID-19 treatment centres that operate under the aegis of Ministry of Health and Indigenous Medical Services (MOH). The fully-fledged Telepresence platform is set […]
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. […]
RIU hosts webinar on current real estate market
May 11, 2020 (LBO) – Research Intelligence Unit (RIU) webinar discusses current real estate market, building resilience and exploring new opportunities.
‘s Banking and Financial sector: Advocata
May 11, 2020 (LBO) – The Advocata Institute hosted an online discussion on Zoom with Yvette Fernando (Assistant Governor, Central Bank of Sri Lanka), Manil Jayesinghe (President, Institute of Chartered Accountants of Sri Lanka), Roshan Abeygoonewardena (Chairman, Finance Houses Association of Sri Lanka), Jonathan Alles (CEO, Hatton National Bank); moderated by Murtaza Jafferjee (Chair, Advocata […]
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. […]
3D virtual tours of Cinnamon Life and TRI-ZEN apartments launched
May 11, 2020 (LBO) – John Keells Properties has announced that in order to accommodate prospective buyers moving forward with their apartment searches, it is using virtual reality technology to provide virtual tours of show units for its two upcoming residential developments, Cinnamon Life and TRI-ZEN. With respect to the government’s stay-at-home directive in order […]
Emirates Group announces 2019-20 results
Group records 32nd consecutive year of profit of AED 1.7 billion (US$ 456 million) Group revenue of AED 104 billion (US$ 28.3 billion) impacted by planned Dubai International airport (DXB) runway closure in Q1 and COVID-19 pandemic in Q4 Ends year with solid cash balance of AED 25.6 billion (US$ 7.0 billion) Emirates reports a profit of AED 1.1 […]