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‘s President calls on international donor agencies to grant debt moratorium
Mar 25, 2020 (LBO) – Sri Lanka’s President Gotabaya Rajapaksa requests international donor agencies to provide a debt moratorium or debt deferment facility to all vulnerable developing nations to the COVID – 19 risks. President had urged Director-General of the World Health Organization to forward this request to multi-lateral and bilateral lending agencies. President points […]
VIDEO: Traders question circuit breakers; here is why
Circuit breakers were created as guardrails for wild market moves, but as investors exit stocks amid widening economic damage, some question how well they work.
Colombo, Gampaha, Kaluthara identified as high-risk zones
Mar 24, 2020 (LBO) – Districts of Colombo, Gampaha, and Kaluthara have been identified as high-risk zones in view of the spread of COVID-19. Large crowds in shops had been observed after curfew was lifted this morning in three districts. Health officials fear that this, in turn, could lead to a wider and faster spread […]
Sri Lanka announces relief measures as country battles with COVID19
Mar 24, 2020 (LBO) – Sri Lanka’s government has announced a number of relief measures to people undergoing various hardships due to the prevailing situation brought on by the Coronavirus. Accordingly, the President has directed the Governor of Central Bank, the secretaries of all ministries, chief secretaries of all provincial councils and the heads of […]
Free internet facilities for E-learning in Universities
President Gotabaya Rajapaksa has instructed the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) to provide free Internet facilities for all undergraduates in State universities, who had registered for e-learning, so they may without interruption continue with their education. All relevant details of these registered students have already been provided to the TRCSL by the University […]
CBSL requests banks to open at least for 2 hours tomorrow
Mar 22, 2020 (LBO) – Sri Lanka’s Central Bank has requested all Licensed Commercial Banks and Licensed Specialised Banks to keep their branches open at least for two (2) hours on the 23rd March 2020 in the areas where police curfew is lifted to provide urgent banking services to the general public. However, CBSL encourages […]
Curfew in North extended till Tuesday morning
Mar 22, 2020 (LBO) – The ongoing curfew in the districts of Mannar, Vavuniya, Mullaitivu, Kilinochchi and Jaffna in the Northern Province has been extended till 6.00 am on Tuesday (24). President’s Media Division said the curfew in these districts will be re-imposed at 2.00 pm on the same day. People living in the 5 […]
Government indefinitely extends closure of Airport arrival terminal
Mar 22, 2020 (LBO) – Sri Lanka’s Government has decided to indefinitely extend the closure of the arrival terminal at the Airport in order to prevent new cases of the Corona virus into the country. Issuing a statement, the President’s Media Division, however, said that the departure terminal will continue to be operational and flights […]
Ongoing curfew in Colombo & Gampaha districts extended till 6 am on Tuesday
Mar 21, 2020 (LBO) – The ongoing curfew in districts of Colombo, Gampaha, and Puttalam has been extended till 6.00 am on Tuesday (24). In these districts, curfew will be re-imposed at 2.00 pm on the same day (24), President’s Media Division said in a statement. Curfew in other districts will be lifted at 6.00 […]
Jack Ma Foundation and Alibaba Foundation Donate Medical Supplies to 10 More Asian Nations
The Jack Ma Foundation and Alibaba Foundation today announced plans to donate much-needed medical supplies to 10 more countries in Asia to help the global fight against COVID-19. The governments of Afghanistan, Bangladesh, Cambodia, Laos, Maldives, Mongolia, Myanmar, Nepal, Pakistan and Sri Lanka will receive from the two foundations a donation totaling 1.8 million masks, […]
We are in global recession territory: Fitch Ratings
Mar 21, 2020 (LBO) – The coronavirus crisis is crushing global GDP growth according to Fitch Ratings in its latest quarterly “Global Economic Outlook”. “The level of world GDP is falling. For all intents and purposes we are in global recession territory,” said Brian Coulton, chief economist at Fitch Ratings. Fitch Ratings statement We have […]
VIDEO: Why fighting the coronavirus depends on you
In March 2020, the World Health Organization officially classified Covid-19, the disease caused by the novel coronavirus, as a pandemic. That means the disease no longer constitutes just an outbreak or even an epidemic; the coronavirus has now spread around the world, and will continue to reach into other countries and communities. That’s in part […]