Sri Lanka raises concerns on reference to SL in OHCHR press release

Jun 09, 2020 (LBO) – Sri Lanka’s Acting Permanent Representative to the United Nations in Geneva, Dayani Mendis, in a letter addressed to the United Nations High Commissioner for Human Rights, Michelle Bachelet, has raised concerns regarding the allegations made in a press release issued by the High Commissioner on 03 June 2020 regarding “clampdown” […]

50 stranded Pakistanis repatriated via Sri Lankan Airlines

Apr 28, 2020 (LBO) – Pakistan High Commission in Colombo has coordinated with Sri Lankan Authorities for the successful return of 50 stranded Pakistanis via Sri Lankan Airlines flight UL-1185 that left Colombo today morning. Pakistan High Commission in Colombo said in a statement that the Deputy High Commissioner, Tanvir Ahmad was present to see […]

WB, IMF call on bilateral creditors to suspend debt payments from IDA countries

Mar 25, 2020 (LBO) – World Bank Group and the International Monetary Fund call on all official bilateral creditors to suspend debt payments from IDA countries that request forbearance. 76 countries are currently eligible to receive IDA resources.Bolivia, Sri Lanka, and Vietnam graduated from IDA at the end of FY17, but will receive transitional support […]

‘s revised 2020 forecast highlight no growth in Japan and Singapore, slow-down in China

Mar 17, 2020 (LBO) – Moody’s Investors Service has revised its forecasts for most APAC economies on coronavirus implications, incorporating ongoing travel restrictions and heightened containment measures, as well as the recent oil price shocks. “Our baseline scenario assumes declining consumption levels and continuing disruptions to production and supply chains in the first half of […]

President proposes collective SAARC response to fight COVID – 19

Mar 16, 2020 (LBO) – President Gotabaya Rajapaksa today (15) proposed to leaders of South Asian Association for Regional Cooperation (SAARC) to formulate a collective response to combat COVID – 19. He further called for SAARC Ministerial Meeting to discuss measures to overcome this deadly health threat. President Rajapaksa made these proposals participating in a […]

World Bank announces up to USD12Bn immediate support for COVID-19

Mar 04, 2020 (LBO) – As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action […]

Security structure of APAC cannot be duplicated in Indian Ocean: RW tells India

Feb 24, 2020 (LBO) – The security structure of the Asia Pacific cannot be duplicated in the Indian Ocean as the region has avoided such alliances, unlike the Asia Pacific whose security structure has been based on military alliances, former Premier said. Speaking at the 4th edition of ‘The Huddle’ organised by The Hindu in […]

Foreign Ministry ensures welfare of Lankans following COVID-19 concerns in S Korea

Feb 22, 2020 (LBO) – The Ministry of Foreign Relations in coordination with the Sri Lanka Embassy in Seoul has been closely monitoring and coordinating efforts to ensure the safety of Sri Lankans residing in South Korea, following the recent rise of COVID-19 cases, particularly, in the city of Daegu. According to the Sri Lanka […]

Sri Lanka, Bangladesh agreed to IMF to provide debt relief for Somalia

Feb 17, 2020 (LBO) – Sri Lanka and Bangladesh have reportedly agreed to provide debt relief for Somalia under the Heavily Indebted Poor Countries (HIPC) Initiative of the International Monetary fund (IMF). The Central Bank of Sri Lanka and the Ministry of Foreign Relations have expressed their concurrence to provide Sri Lanka’s contribution. Accordingly, the […]

Experts suggest blue ocean strategy for Ceylon Tea

Feb 13, 2020 (LBO) – The strategy experts suggest that the Sri Lanka tea industry should consider adopting the blue ocean strategy for it’s profitably and sustainability. The comments were made at a seminar organized by Tea Exporters Association recently under the theme of “Inventing New Horizons for Ceylon Tea” with the objective of finding […]

Our message is same for Tajikistan, Pakistan or Sri Lanka: US Ambassador Wells

Feb 07, 2020 (LBO) – US Ambassador Alice Wells says that on Belt and Road Initiative or on China–Pakistan Economic Corridor, their message is the same whether they are engaging with Tajikistan, Pakistan, or Sri Lanka. Principal Deputy Assistant Secretary in the Bureau of South and Central Asian Affairs at the State Department, Alice Wells […]

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