Category: South Asia
Modi wins second term
May 24, 2019 (LBO) – Indian Prime Minister Narendra Modi won a landslide victory with his party Bharatiya Janata Party (BJP) securing a larger number of seats than the 2014 election. With final results yet to be declared BJP has secured 302 out of 543 elected lower house seats so far.This would push the BJP […]
US-China trade tensions: Fitch says further tariff escalation would hamper global growth
May 13, 2019 (LBO) – The US decision to increase tariffs to 25 percent on an additional 200 billion dollars of imports from China marks a significant escalation in US-China trade tensions, and highlights the risk of a protracted trade war beyond our current assumptions, the Fitch Ratings said. The rating agency, however, said the […]
World leaders condemn Easter Sunday blasts in Sri Lanka
Apr 21, 2019 (LBO) – World leaders have offered their condolences to the victims and families of the deadly blasts in Sri Lanka that killed more than 200 people on Sunday.The United Nations in Sri Lanka said they strongly condemn the attacks against civilians carried out in places of worship and city hotels on Easter […]
IMF cuts global growth forecast further to 3.3-pct in 2019
Apr 10, 2019 (LBO) – Reflecting the slowdown in production activity in the latter half of 2018 and the first half of 2019, global growth is set to moderate from 3.6 percent in 2018 to 3.3 percent in 2019, and then to return to 3.6 percent in 2020, the IMF said releasing its World Economic […]
‘s growth prospects: ADB
Apr 03, 2019 (LBO) – Growth remains strong across most of developing Asia but is set to moderate this year and next year against the backdrop of slowing global demand and persistent trade tensions, according to a new Asian Development Bank (ADB) report. The latest Asian Development Outlook (ADO) 2019, ADB’s flagship economic publication, forecasts that […]
Australia increases support for demining efforts in Sri Lanka
Apr 03, 2019 (LBO) – Australia has increased its support for humanitarian demining efforts in Sri Lanka to mark the International Day for Mine Awareness and Assistance in Mine Action on Thursday. Australia will provide more than 124 million rupees in assistance over the next two years through a partnership with the Mine Action Group (MAG) […]
Sri Lanka’s 2019 budget allocates Rs.2.5bn for 1990 ambulance service
Mar 01, 2019 (LBO) – Sri Lanka’s government has decided to allocate over 2,500 million rupees from the next budget for the 1990 ambulance service, launching the service in Kandy, its founder Minister Harsha de Silva said. The service is currently in operation in eight provinces and it is expected to launch the service in […]
Korean embassy requests employees worked in Korea to apply for insurance
Feb 01, 2019 (LBO) – South Korean embassy in Colombo is requesting Sri Lankan workers who employed and departed from Korea to apply for the insurance benefit under unclaimed and dormant insurance. Once migrant worker departs from Korea, they are eligible for the application of the unclaimed insurance such as return cost insurance (air ticket […]
” armyworm cannot be practically eradicated: UNFAO
Jan 24, 2019 (LBO) – Food and Agriculture Organization of the United Nations (FAO) says that the Fall Armyworm (FAW) known as ‘Sena’ cannot be practically eradicated once established in a new area and it becomes one more pest that farmers need to learn about and manage.In the absence of natural control or good management, the FAW can […]
Happy New Year 2019: New Year celebrations around the World
Jan 01, 2019 (LBO) – Major cities around the world kick-started the New Year 2019 with fireworks displays and dazzling performances and shows. Dubai, UAE rang in 2019 with a blinding light and fireworks show that illuminated the world’s tallest building, the Burj Khalifa, and also set a Guinness World Record for largest LED illuminated […]
Is Sri Lanka’s health system ready to respond to the population shift?
Dec 12, 2018 (LBO) – Today marks International Universal Health Coverage (UHC) Day. To achieve the vision of Universal Health Coverage by 2030, all Sri Lankans should have access to the health care that they need without being pushed into poverty or giving up other life necessities. Sri Lanka must adopt a lifecycle approach to healthcare […]
‘s future
Oct 15, 2018 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe,highlighted the need to maintain freedom of navigation and freedom of digital connectivity for the region to grow and prosper and the need for a shared understanding in order to maintain peace and security. He was delivering the keynote address of the “The Indian Ocean: Defining […]