Tag: lbo.lk
Huawei signs MOU with Sri Lanka’s Moratuwa University to enhance ICT knowledge transformation
Mar 06, 2020 (LBO) – Huawei Sri Lanka and University of Moratuwa (UOM) entered into a Memorandum of Understanding (MoU) to enable the educated and talented youth in Sri Lanka to further enhance their skills in the ICT domain and to be competitive in the ever growing ICT industry, as part of Huawei’s long-term digital […]
COVID-19 outbreak likely to affect Sri Lanka’s economic performance : Central Bank
Mar 05, 2020 (LBO) – The exact impact on the Sri Lankan Economy would depend on the extent of the global spread of the COVID-19 outbreak, its persistence and policy responses of major economies and trading partners, the Central Bank said. “Sri Lanka’s economic links with China could be directly affected as significant volumes of […]
Policy interest rates of Central Bank of Sri Lanka to remain unchanged
Mar 05, 2020 (LBO) – The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 04 March 2020, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 6.50 percent and 7.50 percent, respectively, and […]
Secretary General of BIMSTEC calls on Minister of Foreign Relations
Mar 05, 2020 (LBO) – Ambassador Shahidul Islam Secretary General of Bay of Bengal Initiative for Multi Sectoral Technical Cooperation (BIMSTEC) commended on the progress made by BIMSTEC member states. He made these comments at the 3rd permanent working committee and the 20thsSession of the senior officials’ meeting held from 1-3 March 2020 during his […]
HSBC CFW introduces impact-based responsible program for the Sri Lankan fashion industry
Mar 04, 2020 (LBO) – The “Responsibility in Fashion” program by HSBC Colombo Fashion Week introduces three responsibility and circularity-based initiatives, which are actionable impacts and with this HSBC Colombo Fashion Week opens the door for the stakeholders of the Sri Lankan fashion design industry to embrace and start on a journey towards circularity. Issuing […]
World Bank announces up to USD12Bn immediate support for COVID-19
Mar 04, 2020 (LBO) – As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action […]
President orders to ensure adequate fertilizer supply during Yala season
Mar 04, 2020 (LBO) – President Gotabaya Rajapaksa has directed officials to ensure supply of the required amount of fertilizer for the Yala season without delay. The fertilizer stocks are due to arrive in the island within the coming weeks. The President further instructed to design a proper procedure to swiftly distribute fertilizer among all […]
Sri Lanka to host UN World Tourism Organization Conference in June
Mar 03, 2020 (LBO) – The 32nd joint meeting of UN World Tourism Organization’s Commission for East Asia and the Pacific and the UNWTO Commission for South Asia will be hosted by Sri Lanka from 29th June to 01st July 2020 in Colombo. The Sri Lanka Tourism Development Authority is currently in the process of […]
Sri Lanka Finance companies face added regulatory pressure
Mar 03, 2020 (LBO) – Sri Lanka’s finance and leasing sector will face added pressure for consolidation as deadlines for the implementation of tougher capitalisation requirements approach in 2021, says Fitch Ratings. We view further consolidation of the sector as positive for financial sector stability in Sri Lanka, but the process could be impeded by […]
Sanjaya Mohottala assumes duties as DG, BOI
Sanjaya Mohottala yesterday assumed duties as the new Director General of the Board of Investment of Sri Lanka. Mohottala was a Managing Director and Partner at the Boston Consulting Group.He was responsible for corporate development, principal investors and private equity practices and led the Transport and Logistics practice across Asia-Pacific.He holds a BSc. from Moratuwa […]
Easter Sunday attacks: Second interim report handed over to President
Mar 03, 2020 (LBO) – The second interim report of the Presidential Commission of Inquiry appointed to probe Easter Sunday attacks was handed over to President Gotabaya Rajapaksa at the Presidential Secretariat, Monday. The first interim report was handed over on December 20th, 2019. The Commission was appointed by the former President Maithripala Sirisena on […]
Parliament dissolved: General elections on Apr 25th
Mar 03, 2020 (LBO) – Sri Lanka’s President Gotabaya Rajapaksa dissolved Parliament last night calling for a General Election is to be held on April 25, 2020. The new Parliament is to meet on May 14 with nominations to be called between 12 and 19 March 2020. The Gazette notification was issued by the President […]