Category: Industry
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 […]
Central Bank extends deadline for submitting requests for debt moratoriums
May 01, 2020 (LBO) – Sri Lanka’s Central Bank has extended the deadline (30.04.2020) for submitting requests for debt moratoriums and 4 percent per annum refinancing facility for two months working capital, until 15 May 2020. The decision has been taken after considering the difficulties faced by some customers of financial institutions affected by the […]
Sri Lanka Ports Authority urges importers to clear vehicles
Apr 30, 2020 (LBO) – Sri Lanka Ports Authority (SLPA) reiterates that the prevailing Covid-19 restrictions are no obstacle to clear the vehicles at the Colombo Port. About 400 vehicles have already been parked at the East Container Terminal (ECT) of the Port of Colombo whilst a considerable number has been parked at the Unity […]
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Apr 30, 2020 (LBO) – Fitch Ratings has downgraded the rating on SriLankan Airlines Limited’s (SLA) USD175 million government-guaranteed 7% unsecured bonds due 25 June 2024 to ‘B-‘, from ‘B’. KEY RATING DRIVERS The rating action follows the downgrade of Sri Lanka’s Long-Term Foreign- and Local Currency Issuer Default Ratings to ‘B-‘, from ‘B’, with […]
Mobitel empowers Sri Lanka Police with hi-tech body cameras
As part of supporting the nation’s fight against COVID-19, Mobitel, Sri Lanka’s National Mobile Service Provider introduced the latest Body Cameras to Sri Lanka Police at an event held at the Police Park Headquarters recently. The landmark event which took place under the patronage of the Senior Deputy Inspector General (DIG) of Sri Lanka Police, […]
Mangala asks President to re- summon Parliament to approve public expenditure
Apr 29, 2020 (LBO) – Former Finance Minister Mangala Samaraweera in a letter to President Gotabaya Rajapaksa has urged him to exercise his powers as the Head of State at this critical time and to summon the Parliament as soon as possible with the support of all parties represented in Parliament. He said that this […]
MAS: Engagement to fight COVID-19 crisis through our manufacturing
Apr 29, 2020 (LBO) – Sri Lanka’s MAS joins in the global efforts to contain the spread of COVID-19, protect the healthcare givers at the frontlines and give hope through the expertise of manufacturing apparel and performance wear. Committed as always, to do the right thing, to protect and provide for our people and the […]
Clearing of vehicles from Hambantota port slow
Apr 28, 2020 (LBO) – The clearance of cars at the Hambantota Port is slow, and the port is concerned that they would not meet the April 30th deadline for clearing imported vehicles. “No vehicles were cleared over the weekend, and the number cleared on Monday was 203 while port dues have been paid for […]
Emirates SkyCargo supports Sri Lankan exporters’ supply chain
Emirates SkyCargo, the freight division of Emirates, has helped Sri Lankan exporters despatch nearly 100 tonnes of local produce to markets in Europe, the Middle East and Asia over the past two weeks, keeping supply chains and revenue flows open despite the suspension of scheduled passenger flights from Colombo. The cargo airline deployed two Boeing […]
Concessionary period for port occupational charges extended up to 07 May
Apr 28, 2020 (LBO) – The Ministry of Ports and Shipping has informed Sri Lanka Ports Authority (SLPA), SAGT and CICT on 27 April 2020 to extend the concessionary period for occupational charges in the Port of Colombo and all commercial ports in Sri Lanka, up to 07 May 2020. Due to the prevailing Covid-19 […]