Category: Industry
We have underutilised capacity that can be deployed at any time: PickMe CEO
Apr 02, 2020 (LBO) – With a fleet of 40,000 vehicles ready to be utilized for the delivery of essentials to Sri Lanka, PickMe says they have under utilized capacity that can be deployed at any time at short notice. “Currently, we have the full strength of cars, three-wheelers, and motorcycles spread across the country […]
SriLankan implements cost-saving measures including salary reductions
Apr 02, 2020 (LBO) – The management of SriLankan Airlines has decided to implement cost-saving measures including mandatory salary reductions from the staff starting from 2.5 percent to 25 percent for a period of three months. It also includes freezing all the salary increments to be implemented in the year 2020, and other initiatives including […]
ComBank deploys mobile units in curfew areas
Apr 01, 2020 (LBO) – The Commercial Bank of Ceylon of Ceylon has announced it is deploying its ‘Bank-on-Wheels’ Mobile ATM units in areas where curfews are in force, to provide urgently needed access to cash to members of the public. The Bank said a schedule containing details of the locations and times that these […]
SriLankan Airlines to suspend all its flights from next Wednesday
Apr 01, 2020 (LBO) – SriLankan Airlines is to temporarily suspend all its flights from 8 April 2020 to 21 April 2020 in view of the travel restrictions imposed by the destinations they operate to. Urgent statement from SriLankan Airlines Colombo 01 April 2020: We, at SriLankan Airlines, regret very much to inform our valued […]
Central Bank facilitates finance & leasing companies to support businesses
Mar 31, 2020 (LBO) – The Monetary Board of the Central Bank of Sri Lanka has decided to introduce a number of measures to provide flexibility to Licensed Finance Companies (LFCs) and Specialised Leasing Companies (SLCs) facilitating them to support businesses and individuals affected by the outbreak of COVID-19. In line with this initiative, the […]
More concessions to public in the face of COVID – 19 outbreak: President
Mar 31, 2020 (LBO) – A host of more financial and material benefits have been granted to low income and vulnerable families and individuals in the face of COVID – 19 outbreak. President Gotabaya Rajapaksa has instructed the Presidential Task Force established to administer essential services in the wake of spread of combat COVID – […]
”’; Outlook stable
Mar 31, 2020 (LBO) – Fitch Ratings has affirmed the National Long-Term Rating of Sri Lanka-based telecoms company Dialog Axiata PLC at ‘AAA(lka)’. The Outlook is stable. AAA’ National Ratings denote the highest rating assigned by the agency in its National Rating scale for that country. This rating is assigned to issuers or obligations with […]
CBSL implements extraordinary measures to facilitate banks to support businesses
Mar 30, 2020 (LBO) – The Monetary Board of Sri Lanka’s Central Bank has decided to introduce several extraordinary regulatory measures to provide flexibility to Licensed Commercial Banks and Licensed Specialised Banks to provide some relief to businesses and individuals affected by the COVID-19 crisis. In deciding these measures, the Monetary Board has taken note […]
”: 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 […]