Tag: lbo.lk
‘s three-wheelers
Thisali de Silva and Nisha Arunatilake Sri Lanka has been under curfew since mid-March to contain the spread of COVID-19. As a result, economic activities throughout the country have stalled. A recent IPS blog identified that non-agricultural, informal workers were highly affected by this pandemic. This blog illustrates how the ongoing curfew is impacting three […]
Chair of SL Tourism requests banks and fin institutions to give full support to industry
Apr 23, 2020 (LBO) – Sri Lanka Tourism plans for an early revival post-COVID-19, as the country starts opening up gradually from this week. A major step was the Cabinet approval of the critical five-year global promotion initiative last week and plans are underway to finalize the Terms of Reference and appointment of the Procurement, […]
”; Outlook stable
Apr 21, 2020 (LBO) – Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka Branch’s (SCBSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS The affirmation reflects Fitch’s expectation of a high probability of support from parent, Standard Chartered Bank (SCB: A+/Negative/a), if required, subject to any regulatory constraints on […]
SriLankan Airlines special flights to bring back stranded in India, Pakistan and Nepal
Apr 21, 2020 (LBO) – SriLankan Airlines will operate special flights from India’s Amritsar, Coimbatore, Pakistan’s Karachi, Lahore and Nepal’s Kathmandu to bring home 433 Sri Lankan students who have been stranded overseas due to the prevailing travel restrictions imposed in view of the COVID 19 pandemic. These special flights are being operated as part […]
Yenlo achieves highest WSO2 reseller status as platinum VAR
Yenlo was named a WSO2 Platinum Value-Added Reseller in recognition of its success in growing global customer adoption and delivering best-in-class open source integration and API management solutions based on the WSO2 platform. Global integration specialist Yenlo today announced that the company is now a WSO2 Platinum Value-Added Reseller, the highest reseller status recognized by […]
Opinion: COVID-19 and foreign exchange woes: Can Sri Lanka find a way out?
Bilesha Weeraratne Growing pressure on Sri Lanka’s scarce foreign exchange resources, due to the wide spread of COVID-19 across the globe, is now more real than ever before. To ease this pressure, the Central Bank of Sri Lanka (CBSL) has taken many measures to attract as well as retain more foreign exchange in Sri Lanka. […]
Dialog extends critical connectivity solutions to IDH Hospital
Apr 20, 2020 (LBO) – In an effort to support medical professionals and essential medical services during the ongoing COVID-19 crisis, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider extended free critical connectivity solutions for video conferencing facilities and Internet access to support the medical staff at IDH – the central healthcare institution spearheading the […]
Condo Ass. requests Govt to permit commencement of construction projects
Apr 19, 2020 (LBO) – The Condominium Developers Association of Sri Lanka (CDASL) in a letter to the President of Sri Lanka has requested the government to permit and facilitate the commencement of construction projects as soon as practically possible. “All construction sites in Sri Lanka are suspended, and with them employment and income for […]
Online forum on COVID-19 with Tourism industry leaders by Advocata
Advocata Institute is hosting a panel discussion with tourism industry leaders, Kimarli Fernando (Chairperson, Sri Lanka Tourism), Vipula Gunatilleka (CEO, SriLankan Airlines), Sanath Ukwatte (Chairman, Sri Lanka Hotel Association), Mahen Kariyawasam (President, Sri Lanka Inbound Travel Operators); moderated by Murtaza Jafferjee (Chair, Advocata Institute) on the impact of COVID-19 on Sri Lanka’s Tourism Industry. The […]
” rating
Apr 16, 2020 (LBO) – Fitch Ratings has revised the Outlook on Sri Lankan consumer-durable retailer Abans PLC’s National Long-Term Rating to Negative from Stable. Fitch has simultaneously affirmed the National Long-Term Rating at ‘BBB+(lka)’, the ‘BBB+(lka)’ rating on Abans’ outstanding senior unsecured debentures and the ‘F2(lka)’ National Short-Term Rating on its commercial paper. The […]
Smoking cessation in Sri Lanka: A silver lining in COVID-19 crisis?
Chathurga Karunanayake As the deadly COVID-19 pandemic threatens the entire world, claiming thousands of lives and disrupting economic activities, it would be wise to look at the role smoking cessation could play in the response. According to the World Health Organization (WHO) and the Government Medical Officers’ Association (GMOA), smokers are at a higher risk […]
Relief measures for tourist guides during COVID -19 outbreak
Apr 14, 2020 (LBO) – Due to the effect of COVID-19 on the tourism industry, the annual renewal of the guide license fee for the year 2021 will be waived for all tour guides. 1. As a relief measure, the annual fee for guide licenses of all four categories – National, Chauffeur, Area and Site […]