Category: South Asia
‘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 […]
Developing economies of G-24 call for global action to contain risks
Oct 11, 2018 (LBO) – Concern over rising risks to emerging market economies were center stage this week as global Finance Ministers and Central Bank Governors gathered this week in Bali, Indonesia. Bali hosted both the biannual Ministerial Meeting of the Group of Twenty-Four (G-24) developing countries and the annual meetings of the International Monetary Fund […]
IMF cuts global growth forecast to 3.7-pct for 2018, 2019
Oct 09, 2018 (LBO) – International Monetary Fund has reduced its outlook for global GDP growth by 0.2 percentage points to 3.7 percent for 2018 and 2019, according to the quarterly World Economic Outlook Report issued on Monday. Rising trade tensions and debt levels in economies has prompted the International Monetary Fund to cut its […]
‘s exports to South Asia Region: WB
Oct 08, 2018 (LBO) – If trade barriers are overcome, trade within South Asia can increase three-fold, from 23 billion US dollars to 67 billion US dollars, suggests a World Bank report. “Sri Lanka has the potential to more than double its exports to South Asia,” the new ‘A Glass Half Full: The Promise of […]
Vice President of OPIC visits Sri Lanka; aims to counter debt-trap investments
Oct 05, 2018 (LBO) – Executive Vice President of OPIC, David Bohigian and other US government officials visited Sri Lanka from October 3 to 5 with the aim to promote US investment in the region and strengthened cooperation with regional allies to drive economic growth and stability.Overseas Private Investment Corporation (OPIC) is the US government’s development finance institution.The […]