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WHO convenes manufacturers, regulatory authorities meet on COVID-19 vaccines
May 04, 2020 (LBO) – Gearing up for the much needed COVID-19 vaccines, the World Health Organization recently organized a meeting of vaccine manufacturers and national regulatory authorities from its South-East Asia Region. “The manufacturing capacity that exists in our Region is of the quality and scale required to produce and roll-out a COVID-19 vaccine globally. […]
Resumption of civilian life and office work begins from May 11
May 04, 2020 (LBO) – While the curfew is in force in the districts of Colombo, Gampaha, Kalutara and Puttalam, the resumption of civilian life and state and private sector activities will begin from Monday, 11th May, the Presidents office said. In order to ensure return to normalcy in civilian life and to revive the […]
Key recommendations to transform Agriculture Sector in Sri Lanka
Sri Lanka Agripreneurs’ Forum recommends 11 points to transform the Agriculture Sector in Sri Lanka.
I will not reconvene Parliament unilaterally: former Speaker
May 02, 2020 (LBO) – Former Speaker Karu Jayasuriya says that he will not reconvene the Parliament unilaterally and contribute to aggravate the emerging constitutional dispute. Releasing a statement, Jayasuriya further states that he is bound to uphold the constitution and to act as per the verdict of the judiciary as the Speaker of the […]
Restaurants can now add new food order features on Instagram
To support small and independent restaurants struggling during the ongoing lockdown, Uber Eats has linked the “Order Food” buttons from their Instagram profiles and “Order Food” stickers in their Stories, directly with the app. Both these Instagram features will link directly to each restaurant’s specific Uber Eats menu thereby enabling a seamless order experience for […]
Central Bank extends deadline for submitting requests for debt moratoriums
May 01, 2020 (LBO) – Sri Lanka’s Central Bank has extended the deadline (30.04.2020) for submitting requests for debt moratoriums and 4 percent per annum refinancing facility for two months working capital, until 15 May 2020. The decision has been taken after considering the difficulties faced by some customers of financial institutions affected by the […]
| The right way to leave lockdown
Governments are starting to ease restrictions designed to curb Covid-19. But with most of the world still vulnerable to the virus, what’s the right way to leave lockdown?
President responds to former Finance Minister Mangala Samaraweera
May 01, 2020 (LBO) – President Gotabaya Rajapaksa has responded to the letter sent to him by former Finance Minister Mangala Samaraweera on April 28. This response that was sent with Secretary to the President P. B. Jayasundera’s signature noted that the letter of former MP has been compiled based on misinformation. The President noted […]
SEC grants relief measures; extends due date for submission of audit reports
Apr 30, 2020 (LBO) – Sri Lanka’s Securities and Exchange Commission having taken into consideration the challenges faced by the licensed entities in complying with certain regulatory requirements due to COVID-19, has decided to grant several relief measures. I. Extensions of time for the licensed/registered entities to submit reports to the SEC The due date […]
SEC introduces 3-Tiered Circuit Breaker attached to S&P SL20
Apr 30, 2020 (LBO) – Sri Lanka’s Securities and Exchange Commission has introduced a Three Tiered Circuit Breaker structure which is to be attached to the S&P SL20 Index in order to eradicate distortion in the S&P SL20 Index by providing a layered approach. The circuit breaker mechanism will take effect from the date the […]
Sri Lanka Ports Authority urges importers to clear vehicles
Apr 30, 2020 (LBO) – Sri Lanka Ports Authority (SLPA) reiterates that the prevailing Covid-19 restrictions are no obstacle to clear the vehicles at the Colombo Port. About 400 vehicles have already been parked at the East Container Terminal (ECT) of the Port of Colombo whilst a considerable number has been parked at the Unity […]
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Apr 30, 2020 (LBO) – Fitch Ratings has downgraded the rating on SriLankan Airlines Limited’s (SLA) USD175 million government-guaranteed 7% unsecured bonds due 25 June 2024 to ‘B-‘, from ‘B’. KEY RATING DRIVERS The rating action follows the downgrade of Sri Lanka’s Long-Term Foreign- and Local Currency Issuer Default Ratings to ‘B-‘, from ‘B’, with […]