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Bar Association of Sri Lanka launches online Certificate Course in Commercial Arbitration
The Bar Association of Sri Lanka has launched a brand-new Certificate Course in Commercial Arbitration which will also be the first Online Course to be conducted by the BASL. The Course is due to commence on 26th June and will be conducted by a highly sought after panel of resource persons including Dr.K. Kanag-Iswaran, PC, […]
Cinnamon Hotels offers 1000 complimentary holiday packages for health workers
As a way of saying ‘Thank You’ to Sri Lanka’s courageous healthcare workers, Cinnamon Hotels & Resorts is offering 1,000 complimentary full board holiday packages, for two nights at nine of its properties in Sri Lanka. Packages will be distributed based on the nominations received from the Ministry of Health and will be valid for […]
100bps rate cut on the cards to push banks for lending: First Capital Research
Jun 19, 2020 (LBO) – First Capital Research allocates a policy rate cut expectation of 100bps bringing the SDFR and SLFR to 4.50% and 5.50%, respectively. Despite prevailing the low-interest-rate environment it will have a ripple effect on the overall economy, First Capital Research said in a new research note. “We believe that the Central […]
Only the rate cut of CB not enough: Cabraal
Jun 19, 2020 (LBO) – Sri Lanka needs to think out of the box and have a different approach to the present local and world economic crisis stemming from COVID -19, a senior official said. “We need to look at more out of the box thinking. If you want to stimulate the economy you should […]
“Exporters optimistic about new market opportunities” new USAID survey
Jun 19, 2020 (LBO) – “Sri Lankan exporters are cautiously optimistic about business continuity amidst a global pandemic,” reveals the findings of a new business survey conducted by the Ceylon Chamber of Commerce (CCC) and the United States Agency for International Development (USAID). A significant number of the firms surveyed had identified new business opportunities […]
Fitch revises outlooks of HNB Assurance, HNB General Insurance to stable
Jun 19, 2020 (LBO) – Fitch Ratings has revised the rating Outlooks of Sri Lanka-based life insurer HNB Assurance PLC (HNBA) and its fully owned non-life subsidiary, HNB General Insurance Limited (HNBGI), to Stable from Positive. In addition, Fitch has affirmed the National Insurer Financial Strength (IFS) Ratings of HNBA and HNBGI at ‘A(lka)’. KEY […]
Developing Asia to grow just 0.1-pct in 2020:ADB
Jun 19, 2020 (LBO) – Developing Asia will barely grow in 2020 as containment measures to address the coronavirus disease (COVID-19) pandemic hamper economic activity and weaken external demand, according to a new set of forecasts from the Asian Development Bank (ADB). In a regular supplement to its annual flagship economic publication, the Asian Development Outlook (ADO) 2020 released in […]
President Xi applauds Sri Lanka’s successful fight against COVID-19
Jun 19, 2020 (LBO) – The Acting Ambassador for China Hu Wei met with President Gotabaya Rajapaksa Thursday at the Presidential Secretariat. He brought a letter from President Xi Jinping wishing President Gotabaya for his upcoming birthday on June 20. The Chinese delegation also conveyed President Xi’s deep appreciation of Sri Lanka’s successful efforts to […]
VIDEO: Milton Friedman – Stimulus and Inflation
Professor Friedman connects the dots between stimulus spending and inflation, then explains why the cure for inflation is a hard medicine.
Utilize reliefs given by Central Bank to strengthen economy: President tells State Banks
Jun 18, 2020 (LBO) – President Gotabaya Rajapaksa has emphasized that it is the responsibility of state banks to utilize the reliefs provided by the Central Bank to strengthen the economy and the people, affected by COVID 19 pandemic. The global economies have been hit hard by coronavirus.As such all types of businesses including agriculture, […]
ComBank’s Flash & PickMe collaborate to offer contactless payment via QR code
The Commercial Bank of Ceylon has announced that its ‘Flash’ digital account holders can now pay digitally for their rides with taxi service PickMe thanks to a convenient QR code upgrade that minimises contact with the driver. This touch-less and cash-less payment option is made possible by the Bank’s recent partnership with PickMe and the […]
Uber Eats provides dry rations worth Rs.8.5Mn million to low-income families
Jun 17, 2020 (LBO) – Uber Eats, in partnership with the Government of Sri Lanka and the Voice for Voiceless Foundation, is distributing LKR 8.5 million worth of dry rations across the country to support low-income communities during the COVID-19 pandemic. This initiative is being carried out as part of Uber’s global pledge to provide […]