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Mobitel empowers Sri Lanka Police with hi-tech body cameras
As part of supporting the nation’s fight against COVID-19, Mobitel, Sri Lanka’s National Mobile Service Provider introduced the latest Body Cameras to Sri Lanka Police at an event held at the Police Park Headquarters recently. The landmark event which took place under the patronage of the Senior Deputy Inspector General (DIG) of Sri Lanka Police, […]
VIDEO: How coronavirus charts can mislead us
Much of the data about the coronavirus epidemic and covid-19 is flawed. It is collected and reported in different ways by different countries, and almost certainly undercounts the number of cases and deaths. But organizations and journalists still need to report the available data to inform the public and help guide policymakers.Much of that data […]
Sri Lanka will receive help from leading Chinese companies & banks: Acting Ambassador
Apr 29, 2020 (LBO) – Sri Lanka will receive help not only from the Central Government of China but also from the country’s leading companies and banks to rebuild its economy in the post – COVID -19 period, the Acting Chinese Ambassador Hu Wei said. Full statement issued by President’s Media Division “Sri Lanka is […]
Private hospitals extend their lab services for PCR testing
The Association of Private Hospitals and Nursing Homes (APHNH) in a statement to media, said they will extend all possible assistance to the national operations programme for Covid-19 outbreak, in conducting the much needed PCR tests to help control the spread of Covid-19 in Sri Lanka. As such, the medical laboratories of Lanka Hospitals, Asiri […]
‘s liquidity & external risks: Moody’s
Apr 29, 2020 (LBO) – Sri Lanka (B2 review for downgrade) is facing simultaneous domestic and external shocks amid the global coronavirus outbreak, Moody’s Investors Service said in an issuer in-depth analysis. According to the analysis, capital outflows, marked local currency depreciation, wider risk premia and a further decline in real GDP growth will raise […]
Mangala asks President to re- summon Parliament to approve public expenditure
Apr 29, 2020 (LBO) – Former Finance Minister Mangala Samaraweera in a letter to President Gotabaya Rajapaksa has urged him to exercise his powers as the Head of State at this critical time and to summon the Parliament as soon as possible with the support of all parties represented in Parliament. He said that this […]
MAS: Engagement to fight COVID-19 crisis through our manufacturing
Apr 29, 2020 (LBO) – Sri Lanka’s MAS joins in the global efforts to contain the spread of COVID-19, protect the healthcare givers at the frontlines and give hope through the expertise of manufacturing apparel and performance wear. Committed as always, to do the right thing, to protect and provide for our people and the […]
Clearing of vehicles from Hambantota port slow
Apr 28, 2020 (LBO) – The clearance of cars at the Hambantota Port is slow, and the port is concerned that they would not meet the April 30th deadline for clearing imported vehicles. “No vehicles were cleared over the weekend, and the number cleared on Monday was 203 while port dues have been paid for […]
‘s growth forecast to 1.5-pct in 2020
Apr 28, 2020 (LBO) – Central Bank expects that the real GDP growth in Sri Lanka to decelerated to around 1.5 percent in 2020 before the economy recovers to attain its envisaged potential over the medium term. “The COVID-19 pandemic will adversely impact the progress of the economy during the year, contrary to previous expectations […]
Sri Lanka records a subdued growth of 2.3-pct in 2019: CBSL Annual Report
Apr 28, 2020 (LBO) – Sri Lankan economy recorded a subdued growth of 2.3 percent in 2019, compared to the growth of 3.3 percent in 2018, as per the provisional estimates of GDP of the Department of Census and Statistics (DCS). All major sectors of the economy recorded positive, but modest growth rates, releasing its […]
Opinion: Innovation in the Lockdown era — A frugal approach
By Shane Herath There’s an unprecedented level of uncertainty and even panic regarding the coronavirus pandemic and the impact it has on the industries that we operate in, and the world at large. Businesses worldwide are preparing for the worst — with the virus not showing any signs of slowing down — taking action to […]
Emirates SkyCargo supports Sri Lankan exporters’ supply chain
Emirates SkyCargo, the freight division of Emirates, has helped Sri Lankan exporters despatch nearly 100 tonnes of local produce to markets in Europe, the Middle East and Asia over the past two weeks, keeping supply chains and revenue flows open despite the suspension of scheduled passenger flights from Colombo. The cargo airline deployed two Boeing […]