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CSE sees Rs1.5bn net foreign inflow following 4% drop after terror attacks
April 26, 2019 (LBO) – The stock market in Sri Lanka has remained steady following an initial 4% drop in the broader indices after the Easter Sunday terror attacks which have so far claimed over 250 lives. In a surprising development, during the first week of trading since the market opened after the bombings, stocks […]
Millennium Challenge Corporation approves biggest grant ever received by Sri Lanka
Apr 26, 2019 (LBO) – The Millennium Challenge Corporation of the US Government has approved a grant of 480 million US dollars to Sri Lanka at its board meeting held on the 25th of April 2019 in Washington D.C. subject to Congressional Notification. On the request of the Prime Minister Ranil Wickremesinghe, the MCC has done […]
Sri Lanka suspends visa on arrival programme after Easter Sunday tragedy
Apr 26, 2019 (LBO) – Sri Lanka has postponed the launch of its program on visa regime facilitation with 39 countries in the wake of the deadly bombings that shook the country on Sunday, Tourism Minister John Amaratunga said. “Visa on arrival pilot programme set for May 1st launch for 39 countries put on hold due […]
Our security forces have the capacity to go after them and take them out – Navin
April 26, 2019 (LBO) – Front line UNP political leader Minister Navin Dissanayake, in an interview with anchor Sri Jegarajah of global business network CNBC,outlined the lapses and the way forward for Sri Lanka with regard to the Easter Sunday terror attacks. Key points that he made during the interview were as follows: – “Defense […]
Central Bank presents annual report to Finance Minister; 2018 growth 3.2-pct
Apr 25, 2019 (LBO) – The sixty-ninth Annual Report of the Monetary Board of the Central Bank of Sri Lanka was presented to Mangala Samaraweera, the Minister of Finance, by Dr. Indrajit Coomaraswamy, the Governor of the Central Bank. According to the report, the real GDP growth was recorded at 3.2 percent in 2018, compared […]
Treasury has paid last year dues of Rs.84 bn for various projects
Apr 25, 2019 (LBO) – The Treasury has paid off Rs.84,461 million which were due by December 31, 2018, for various programmes and projects implemented under different Government ministries and institutions. Statement from the Finance Ministry Earlier, Treasury had been informed that Rs.99,415 million was due at December 31, 2018, for completing various projects undertaken […]
Even in our pain we must be the first to stand against anti-Muslim hate: SL Christians
Apr 25, 2019 (LBO) – Over 500 Sri Lankan Catholics and Christians responding to the Easter Sunday Attacks urged everyone to stand with Muslim brothers and sisters, and against the spread of anti-Muslim hate in the country. The group said that they are deeply dismayed by certain attempts to blame the attacks on the entire […]
UN Secretary-General signs book of condolence on Easter Sunday tragedy
UN Secretary-General Mr. Antonio Guterres visited the Permanent Mission of Sri Lanka to the United Nations on 23 April 2019 to sign the Condolence book maintained at the Mission premises in memory of the victims and all those affected by the Easter Sunday attacks on 21 April 2019.In extending his condolences to Ambassador Dr.Rohan Perera, […]
Fitch says borrowing risks raised due to attacks
Apr 25, 2019 (LBO) – Fitch Ratings issuing a statement said that the aftermath of the Easter Sunday attacks will undermine tourism earnings and pose additional external financing risks for Sri Lanka. The international ratings agency releasing a short update warned that Sri Lanka, which already has high levels of debt repayments till about 2022, could have […]
SL Fin Min says economy resilient will withstand negative impacts from terror attacks
Apr 25, 2019 (LBO) – Sri Lanka’s Finance Minister says that the islands strong economic fundamentals will be able to support resilience to withstand the economic impact. “We had laid a sound foundation for the economy to withstand shocks of the nature that we faced on Sunday,” Mangala Samaraweera, Minister of Finance said addressing parliament. “Nonetheless, there will […]
State Minister of Defence explores global links to Easter Sunday terror attacks
April 24, 2019 (LBO) – Sri Lanka’s State Minister of Defence Ruwan Wijewardene has elaborated on several of the global aspects of Sri Lanka’s deadly Easter Sunday terror attacks. Following his highly anticipated address to Parliament, the State Minister granted access to the global media who have thronged Sri Lanka to tell the world the […]
‘s Easter terror
April 24, 2019 (LBO) – Sri Lanka’s stocks seemed to find their footing by the close of today’s trading with the major indices finishing slightly up on relatively heavy volume. Most of the day’s trading was centered around market heavyweight John Keells Holdings (JKH), which traded close to 1% of its total outstanding shares worth […]