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Notice to SriLankan Airlines passengers flying out
Due to an Island-wide curfew that has been imposed across the island from 18:00 hrs (Sri Lanka time) on 20th March 2020 until 06:00hrs (Sri Lanka time) on 23rd of March 2020, SriLankan Airlines passengers flying out during this period can reach the Airport during curfew, by producing their air tickets and passports to security […]
CSE trading closed as both indices drop over 5-pct
Mar 20, 2020 (LBO) – Trading at the Colombo stock exchange closed at midday as the S&P SL20 index of more liquid stocks fell 11.90 percent or 262.42 points to 1.971.11. The All-share index also fell 6.22 percent or 303.10 points in early trade to 4,571.63. The market fell due to the fears of foreign […]
Central Bank introduces urgent measures to ease pressure on exchange rate
Mar 19, 2020 (LBO) – Sri Lanka’s Central Bank has introduced several measures to ease the pressure on the exchange rate and prevent financial market panic due to the COVID-19 pandemic. Accordingly, licensed commercial banks and National Savings Bank are directed to adopt the following measures during the next three months, with immediate effect: Suspend […]
Sri Lanka Govt declares work from home week
Mar 19, 2020 (LBO) – The government has declared a period of work from home for both public and private sectors starting from March 20 to 27, the President’s media division said in a statement. March 20th to 27th declared as ‘Work from home week’ The government has taken every possible measure to contain the […]
Sri Lanka to set up crude oil price stabilization fund
Mar 19, 2020 (LBO) – Sri Lanka will set up a crude oil price stabilization fund to absorb the shocks in global price fluctuations without changing the local oil prices, Co-cabinet Spokesman Bandula Gunawardane said. The government is proposing to collect 200 billion rupees for the fund to facilitate the delayed payments of the Ceylon […]
6-month debt moratorium only applies to 5 sectors
Mar 19, 2020 (LBO) – The 6-month debt moratorium announced for businesses will only be applicable to the most adversely affected five sectors of the economy, Co-cabinet Spokesman Bandula Gunawardane said. Accordingly, Apparel Exports, Tourism, Information Technology, Foreign Employment, and Small Enterprises will be eligible for this debt moratorium. The government has also requested the […]
China grants USD500mn concessionary loan to Sri Lanka
Mar 19, 2020 (LBO) – China Development Bank and Sri Lanka’s Ministry of Finance has signed a 500 million US dollar loan agreement amidst the COVID–19 pandemic. Treasury Secretary SR Attygalle and Wang Wei, Deputy Director, China Development Bank yesterday signed the agreement in the presence of Prime Minister Mahinda Rajapaksa, Acting Ambassador of China […]
VIDEO: Flattening the curve, what this chart actually means for COVID-19
Stay informed. Stay cautious, but not scared. Listen to scientists and public health officials and follow their guidance.By protecting yourself, you’re protecting the most vulnerable among us. Together we can flatten the curve on COVID-19 and SARS-CoV-2.
BBK Partnership, Jaffna’s accountants to the World
I first heard of the BBK Partnership Sri Lanka in 2015. I first spoke with its co-founder Anandan Arnold in 2018, and finally met him in March 2020 at a hospital in Manipay Jaffna. He was dressed rather informally for a Partner of London’s BBK Partnership of Chartered Accountants. Anandan (pictured below on the right) […]
Srilankan cancel flights to 31 destinations: Retains London, Melbourne, Chennai, Delhi & Narita
Mar 19, 2020 (LBO) – SriLankan Airlines has temporarily suspended services to several destinations following the partial shutdown of Bandaranayake International Airport. The full list follows: Kindly note SriLankan Airlines has cancelled following flights/destinations due to COVID-19 outbreak. hts/destinations due to COVID-19 outbreak. Kuwait (KWI) – from 07MAR to 28MAR Jedda (JED) – from 12MAR […]
CSE to remain closed
Mar 19, 2020 (LBO) – The Colombo stock market will remain closed for the fourth consecutive day Thursday although an announcement was made that the market will resume today. The market has been closed all week to assist in curbing the spread of COVID-19, and to ensure the safety of all market participants. This was […]
VIDEO: How can we solve the antibiotic resistance crisis?
Antibiotics: behind the scenes, they enable much of modern medicine. We use them to cure infectious diseases, and to safely facilitate everything from surgery to chemotherapy to organ transplants.But we’ve stopped discovering new ones and we’re at risk of losing them forever. How did we get into this situation?Gerry Wright shares what we can do […]