Tag: lbo
“We changed political culture of forgetting village after winning power” President
No political witch hunt; only strict adherence to law: will not entertain lumpen politics – President says in Lathugala · Policy decision to allow cultivation without hindrance · Officials must visit villages · Every village to see sustainable development President Gotabaya Rajapaksa said the political culture of forgetting the village after winning power has been […]
Sri Lanka’s boat manufacturing capabilities highlighted in Jordan
The Embassy of Sri Lanka in Jordan with the active facilitation of the Sri Lanka Export Development Board held a virtual Meeting on 6 January 2021, to showcase Sri Lanka’s highly specialized boat manufacturing capabilities to a Jordanian Boat importing company in Aqaba port city which currently sources and imports boats for the Jordan, Iraq […]
Union Assurance hosts virtual gala for annual awards
Union Assurance takes digital disruption to the next level as it felicitated top achievers of the Agency and Bancassurance sales force at a glittering Virtual Gala on 18th December 2020. The event was viewed by over 5000 participants and attended by a distinguished leadership including the John Keells Chairman, Krishan Balendra and President, John Keells Group, […]
Korean based Heung A Line expands services to Sri Lanka
Heung A Line head quartered in South Korea launched its maiden service (SIS/CI6) in Sri Lanka with its first vessel call at the CICT of the Port of Colombo with mv. BALTIC SOUTH v. 2001W on the 22nd of December 2020. The service is jointly operated by Heung A Line in partnership with Sinokor Line, […]
Repatriation process “People Centric and Transparent” For Min sets record straight
The Foreign Ministry will continue facilitating repatriations without any financial burden on Sri Lankans, the Foreign Secretary asserted responding to misinformation in the public domain. Secretary Jayanath Colombage made it clear that the role of the Missions is strictly confined to organizing repatriation flights for returnees who are tested on arrival, offered all logistical support […]
SL fiscal deficit to reach 11.3-pct of GDP in 2021: All clear for stronger growth in 2021
Asia Securities, a stockbroking firm says that all signs point to a strong GDP growth trajectory in 2021. The latest Economic Outlook report titled Balancing the Priorities – The New Normal forecasts a GDP growth of 5.4% for 2021, driven by improved investor sentiment and consumer demand, an accommodative monetary policy environment, and a pickup […]
“India will always be a dependable partner and reliable friend to Sri Lanka” says EAM Dr. S. Jaishankar
Visiting Minister of External Affairs of India Dr. S.Jaishankar held bilateral talks with Foreign Minister Dinesh Gunawardena yesterday and discussed multiple areas of bilateral cooperation was taken up, including economic, financial, trade and investment cooperation, cultural exchanges, defence and security, development cooperation as well as Covid 19 pandemic response. Both sides agreed to continue the […]
Utilizing recyclable PET plastic waste: Towards a circular economy
By Dr. Anush Amarasinghe “Reduce, reuse, and recycle”- a household phrase you’ve probably heard over and over again either through school, from awareness campaigns or even on TV. This commonly used phrase is one expected to enthusiastically and optimistically drive the mind-sets of those listening, to essentially do the right thing and help efforts to […]
SL Treasury, Central Bank should consider credit guarantees for Covid-19 distressed bank loans
By the Advocata Fellows: Liquidity injections will impact forex market and debt repayments Even though Sri Lanka’s economy has opened up, businesses are still recovering from the dual shock of the locally imposed curfew as well as the global fallback from the coronavirus. A vast majority of Sri Lankan businesses are in need of support […]
ComBank further slashes lending rates
Jun 26, 2020 (LBO) – The Commercial Bank of Ceylon has announced a further lending rate cut, slashing rates by up to 2 percent on all categories of loans in a continuing effort to bolster businesses affected by the COVID-19 pandemic by providing affordable access to desperately-needed funds. The Bank took steps to reduce lending […]
Sri Lanka inaugurates new ADB funded COVID-19 test lab
Jun 25, 2020 (LBO) – The Asian Development Bank (ADB) has funded the construction and equipment of a new molecular polymerase chain reaction (PCR) laboratory at the Colombo East Base Hospital to support Sri Lanka in its response against the coronavirus disease (COVID-19) pandemic. The facility was declared open by Minister of Health and Indigenous […]
SL should aim for V-shaped economic recovery post COVID 19 : Cabraal
Jun 25, 2020 (LBO) – Ajith Nivard Cabraal, advisor to the Prime Minister on Economic Affairs says that Sri Lanka should aim for V-shaped economic recovery and aspire for high growth in the immediate future. Elaborating further on the topic Cabraal told Lanka Business Online exclusively. ……..