Category: Industry
”: Economic impact of COVID-19 on Sri Lanka
Kithmina Hewage Over a quarter of the world’s population is currently under movement restrictions. For the first time in recent human history, coronavirus has shattered the myth that the economy must come first. While public health concerns, undoubtedly, should take precedence over all other considerations when dealing with the COVID-19 pandemic, it would be unwise […]
National carrier brings down medical aid from China
Mar 30, 2020 (LBO) – SriLankan Airlines, uplifted a consignment of medical aid from Shanghai, China recently. This was a donation made by the Sri Lankan Community in China through the Consulate Generals of Sri Lanka in Guangzhou and Shanghai, facilitated by the Embassy of Sri Lanka in China. The consignment contained essential medical items […]
Over 17,000 overseas Sri Lankans register on ‘Contact Sri Lanka’
Mar 29, 2020 (LBO) – Over 17,457 Overseas Sri Lankans (OSL) had by Saturday noon (28 March), registered on the ‘Contact Sri Lanka’ Online Portal of the Ministry of Foreign Relations. Of these, 6773 are from the Middle East region, 1892 from Europe, 1302 from South Asia, 1028 from North America and over 6000 from […]
Ships at Sri Lankan Ports exempted from demurrage & entry charges
Mar 27, 2020 (LBO) – President Gotabaya Rajapaksa has instructed the Sri Lanka Ports Authority (SLPA) to immediately provide necessary facilities to ships calling at Ports in the country during the curfew period. Accordingly, the Chairman of SLPA General Daya Rathnayake said all ships have been exempted from demurrage and entry charges. The President had […]
H2O1 in discussions with the Water Board on feasibility of implementing advanced water treatment technology in Sri Lanka
H2O ONE and its Singaporean technical partner ACE WATER met with Deputy General Manager Lasantha Weerasekara and staff members at the National Water Supply and Drainage Board (NWSDB) headquarters at Ratmalana. The H2O ONE and ACE WATER team also met with the officials of Central Environmental Authority (CEA) and leading private sector corporates as part […]
Connecting Sri Lanka to battle against global pandemic
Sri Lanka is facing one of the greatest challenges in its history as it battles the threat of COVID-19. The Government of Sri Lanka is leading the national effort, strongly supported by the nation’s health care workers, tri-forces and other essential service workers who are coming together in a combined effort to limit the impact […]
Dialog’s e-working, e-learning and e-health solutions to empower SL
As the global pandemic crisis intensifies, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, remains committed to keeping Sri Lanka connected during these challenging times. Dialog is fully prepared and dedicated to maintaining business continuity of its telecommunication infrastructure and digital services for all its stakeholders, be it consumers, enterprises, business partners, or the Government. […]
Central Bank, commercial banks, insurance services declared as essential services
Mar 26, 2020 (LBO) – President Gotabaya Rajapaksa has included the Central Bank of Sri Lanka, commercial banks, insurance services, and the Treasury in the category of essential services. Health and security services, Police, distribution of goods, customs, electricity, water, and fuel supply are the other services declared as essential. Accordingly, the Secretary to the […]
‘s banking sector outlook to negative on Coronavirus
Mar 26, 2020 (LBO) – Fitch Ratings has revised Sri Lanka’s banking sector outlook for 2020 to negative as the coronavirus pandemic poses increased risks to the anticipated expansion in the economy and credit demand, which will adversely affect the performance of the banks. Full statement Fitch Revises Sri Lanka’s Banking Sector Outlook to Negative […]
CBSL requests banks to open at least for 2 hours tomorrow
Mar 22, 2020 (LBO) – Sri Lanka’s Central Bank has requested all Licensed Commercial Banks and Licensed Specialised Banks to keep their branches open at least for two (2) hours on the 23rd March 2020 in the areas where police curfew is lifted to provide urgent banking services to the general public. However, CBSL encourages […]
Jack Ma Foundation and Alibaba Foundation Donate Medical Supplies to 10 More Asian Nations
The Jack Ma Foundation and Alibaba Foundation today announced plans to donate much-needed medical supplies to 10 more countries in Asia to help the global fight against COVID-19. The governments of Afghanistan, Bangladesh, Cambodia, Laos, Maldives, Mongolia, Myanmar, Nepal, Pakistan and Sri Lanka will receive from the two foundations a donation totaling 1.8 million masks, […]
CSE trading closed as both indices drop over 5-pct
Mar 20, 2020 (LBO) – Trading at the Colombo stock exchange closed at midday as the S&P SL20 index of more liquid stocks fell 11.90 percent or 262.42 points to 1.971.11. The All-share index also fell 6.22 percent or 303.10 points in early trade to 4,571.63. The market fell due to the fears of foreign […]