Category: Other
SL weak public finances will exacerbate economic shocks from COVID-19
By Fellows of the Advocata Institute Sri Lanka’s shaky public finances are about to receive another blow from the fallout of Covid-19. The most crucial aspect of a pandemic is always the human cost, but the spread of the virus has important repercussions for the economy. Studies indicate that pandemic impacts a country’s economy through […]
Sri Lanka : COVID -19 update
Apr 08, 2020 (LBO) – According to the World Health Organisation in Sri Lanka 180 people have tested positive with 38 people having recovered and 5 deaths reported. As cases start to climb in the South-East Asia Region, the Regional Director Dr Poonam Khetrapal Singh held a virtual meeting with Health Ministers of the Region […]
Coronavirus sinks global growth prospects for 1H 2020: The Economist Intelligence Unit
Apr 08, 2020 (LBO) – The coronavirus pandemic is a game-changer, and we now expect global output to contract by 2.5 percent this year—an even deeper contraction than during the global financial crisis, a report by The Economist Intelligence Unit said. The negative effect on growth will come via both demand and supply channels. On […]
Dankotuwa Porcelain makes steam inhalers fit for homes & healthcare establishments
Dankotuwa Porcelain PLC, renowned for its luxurious and elegant porcelain tableware introduced the all new customized steam inhaler which is ideal for individuals affected by respiratory tract infections including COVID-19. Designed and advised by Dr. Charith Nanayakkara, this modified steam inhaling device will be made available at hospitals and quarantine centers currently providing medical care […]
CIM announces significant changes to its Chartered status
Apr 07, 2020 (LBO) – The Chartered Institute of Marketing (CIM) has announced significant changes to its Chartered status, the marketing industry’s most prestigious accreditation. The changes represent a shift in the skills required of marketers today and will provide businesses with an up to date indicator when it comes to appointing qualified marketing talent. […]
Curfew, Lock down and Economic Livelihoods
By Sharhan Muhseen 6th April 2020 National policymakers have been grappling on the right balance between lockdowns (total or partial) and maintaining a functioning economy to safeguard the livelihood of its citizens and viability of its corporate sector. Whilst no solution seems optimal, the need for a well-orchestrated recovery strategy is central to avoid a […]
Sri Lanka curfew update
Apr 06, 2020 (LBO) – The curfew currently in force in the districts of Colombo, Gampaha, Kalutara, Puttalam, Kandy and Jaffna which have been designated as high risk zones will remain effective until further notice. In all other districts, curfew which was lifted at 6.00am today, Monday the 6th and was reimposed at 2.00 pm […]
Foreign Ministry acts on missions abroad to ensure welfare of citizens
Apr 06, 2020 (LBO) – The Ministry of Foreign Relations, sensitive to the concerns of the OSLs amidst the rapid spread of the COVID-19 and the inability to return to Sri Lanka, has held consultations over the past 2 days with its Heads of Missions based in 67 cities across the world, The meeting facilitated the […]
Easter attacks 2019 vs. COVID-19 outbreak 2020: What lies ahead for SL
Nisha Arunatilake On Easter Sunday last year, Sri Lanka was shocked by a series of bomb attacks. The security concerns that followed kept people home and curtailed economic activities. Less than a year later, the country is again under curfew for a different reason. A new disease, COVID-19, which first emerged in the city of […]
President discusses economic impact Corona pandemic with CB officials
Apr 01, 2020 (LBO) – President Gotabaya Rajapaksa held a discussion with the Governor of Central Bank of Sri Lanka (CBSL) and other senior officials to assess the emerging macro-economic conditions due to the impact of COVID-19 pandemic. The steps taken by the CBSL to manage the operations of the Bank to provide liquidity and […]
President urges WHO to pursue IMF & WB debt moratorium or debt re-profiling
Apr 01, 2020 (LBO) – President Gotabaya Rajapaksa has urged the Director-General of World Health Organization (WHO) to pursue with the international financial organizations and lending nations to help developing countries adversely affected by COVID- 19 calamity. In a telephone conversation with WHO DG Tedros Adhanom, President Rajapaksa has requested him to pursue with the […]
Sri Lankan government & Uber Eats partner to deliver essential supplies
Mar 31, 2020 (LBO) – The government of Sri Lanka and Uber are joining forces to deliver essential supplies as part of efforts to slow the spread of COVID-19 in the country. Uber Eats will enable people to receive essential food items and support the government’s guidelines by staying at home. Users can now get […]