Tag: lbo.lk
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 […]
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 […]
Measures adopted by CB during public holiday period
Mar 18, 2020 (LBO) – The Central Bank of Sri Lanka (CBSL) wishes to inform that the following measures have been adopted by CBSL during the public holiday period announced by the Government. REAL TIME GROSS SETTLEMENT OPERATIONS The Real Time Gross Settlement (RTGS) operations will be continued as usual. BANKING SECTOR OPERATIONS Banks have […]
‘s revised 2020 forecast highlight no growth in Japan and Singapore, slow-down in China
Mar 17, 2020 (LBO) – Moody’s Investors Service has revised its forecasts for most APAC economies on coronavirus implications, incorporating ongoing travel restrictions and heightened containment measures, as well as the recent oil price shocks. “Our baseline scenario assumes declining consumption levels and continuing disruptions to production and supply chains in the first half of […]
All recent returnees from Europe, Iran and Korea need to register with the Police
Mar 16, 2020 (LBO) – Sri Lanka’s Defence Ministry said yesterday it has requested all who arrived from Europe including UK, Iran and South Korea between 1 and 15 March to register with the Police or 119 Centre immediately. Ministry said judicial action will be taken against those who fail to comply this order under […]
President proposes collective SAARC response to fight COVID – 19
Mar 16, 2020 (LBO) – President Gotabaya Rajapaksa today (15) proposed to leaders of South Asian Association for Regional Cooperation (SAARC) to formulate a collective response to combat COVID – 19. He further called for SAARC Ministerial Meeting to discuss measures to overcome this deadly health threat. President Rajapaksa made these proposals participating in a […]
Govt. bans arrivals from UK, Belgium and Norway
Mar 16, 2020 (LBO) – Arrivals form UK, Belgium and Norway have been banned for two weeks, a govenment statement said. This brings the list of countries banned to over 15. Any already enroute passengers will be subject to mandatory quarantine process. Prior to yesterday travel bans and visa restrictions for arrivals/nationals from Korea, Iran, […]
Interactive webinar on COVID-19: Are we prepared?
Mar 16, 2020 (LBO) – The Ceylon Chamber of Commerce will be conducting an interactive webinar on Monday, 16 March at 2pm, with its members on COVID-19, Are We Prepared? This is in wake of the increasing number of cases active in Sri Lanka, and is a programme to prepare members of the Private Sector. […]
ADB gives Rs.110Mn grant for SL to combat COVID-19
Mar 14, 2020 (LBO) – The Asian Development Bank (ADB) has allocated a $ 600,000 grant from the Health System Enhancement Project to the Government of Sri Lanka to finance preventive and response efforts to fight a potential novel coronavirus (COVID-19) outbreak in the country. The global public health emergency, which has now been characterised […]
New Rules to Accelerate NPL Recognition by Sri Lankan FLCs
Mar 14, 2020 (LBO) – Tighter regulation in Sri Lanka on classification and measurement of credit facilities for finance and leasing companies (FLCs) will accelerate recognition of bad loans in 2020-2022, which is likely to exert pressure on FLCs’ capitalisation due to the knock-on effects on their profitability, Fitch Ratings says. Nonetheless, the more stringent […]
Travel ban imposed on all passengers from Iran, South Korea and Italy : CAA
Mar 13, 2020 (LBO) – The Civil Aviation Authority (CAA) informed all airlines not to carry passengers to Sri Lanka from Italy, South Korea and Iran with effect from tomorow. Civil Aviation Director General H.M.C.Nimalsiri said the travel ban would be effective for two weeks. “This is to inform all online carriers and offline […]