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Social media and messaging apps restored in Sri Lanka
Apr 30, 2019 (LBO) – Access to social media and messaging apps is being restored in Sri Lanka on the ninth day after the services were blocked as a security measure following a series of terror attacks, according to the latest NetBlocks network data. The restoration appears to be in progress and is as yet only […]
‘s housing market is gearing to meet economic, environmental and social challenges
Apr 30, 2019 (LBO) – Sri Lanka’s Landmark Group, a real estate development company bent on challenging traditional approaches to the island’s housing and property market says it is now gearing up to meet the economic, environmental and social challenges facing the industry. The real estate company is run by leading businesswoman Neelangani Hapangama and managed by […]
New Chief Justice, Act Attorney General, Auditor General and Act IGP appointed
Apr 29, 2019 (LBO) – Sri Lanka’s President Maithripala Sirisena appointed, Attorney General Jayantha Jayasuriya as new Chief Justice.Jayasuriya took oaths for the new appointment before the President at the President’s Office, Monday. The President appointed Solicitor General Dappula De Livera as Acting Attorney General. Furthermore, Additional Auditor General, Chulantha Wickremarathne has been appointed as […]
Chula Wickramaratne sworn in as new Auditor General
New Auditor General Chula Wickramaratne was sworn in before Speaker Karu Jayasuriya at the Parliament on Monday.
Central Bank wants to reduce lending rates to SMEs by 200 bps in near term
Apr 29, 2019 (LBO) – Sri Lanka’s Central Bank expects the lending rates to reduce by around 200 basis points to SMEs in the near term that would reduce excessive cost of funds borne by the financial sector. The Central Bank said it observed high interest rates charged on lending products and excessively high interest rates […]
Sri Lanka bans all forms of face covers following terror attacks
Apr 29, 2019 (LBO) – President Maithripala Sirisena, under Emergency Regulations, has taken steps to ban from April 29th, 2019, all forms of face covers that may hinder one’s identity been ascertained, as a threat to national security and public safety. This directive specifies the need for one’s face been clearly visible for ascertaining their identify […]
Sri Lanka vehicle registrations rebound in March 2019
Apr. 29, 2019 (LBO) – Vehicle registrations rebounded on most categories in March recording a total of 35,150 units up from 29,837 units the previous month due to the higher number of working days in March compared to February, a new report says. Total motor cars recorded 2,961 units in March up from 2,347 units in […]
Dialog will double every donation up to Rs.100Mn to help victims of 21st Apr tragedy
Apr 29, 2019 (LBO) – ‘Dialog Foundation’, a charitable trust under the aegis of Dialog Axiata PLC, invites all Sri Lankans to help victims of the tragic events on 21st April, 2019, that claimed the lives of 253 people and injured hundreds. Dialog pledged to double every donation up to Rs.100 Million and utilise these […]
‘s Easter Sunday terror
April 28, 2019 (LBO) – A nation is in mourning. One week ago today, on Easter Sunday April 21, 2019, Sri Lanka was hit by one of the most sinister acts of terrorism the world has ever seen. Over 250 people have died, and hundreds were injured in three bombs hitting Colombo’s most prominent hotels, […]
Sri Lanka tourism may be able to weather the Easter Sunday shock
April 27, 2019 (LBO) – The Sri Lankan economy and its tourism sector may be able to withstand the shock from the Easter Sunday terror attacks according to Central Bank Governor Indrajit Coomaraswamy. In an interview with anchor Sri Jegarajah of global business network CNBC, the highly respected central banker said it was too early […]
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 […]