Tag: lbo
ComBank raises another Rs.10Bn to support COVID-19 affected SME exporters
Jun 01, 2020 (LBO) – The Commercial Bank of Ceylon has announced the commitment of approximately Rs 10 billion to a Bank-funded COVID-19 Support Loan Scheme to assist affected SME enterprises. This assistance would be in addition to the working capital loans scheme implemented under a credit line provided by the Central Bank of Sri […]
PUCSL to resolve consumer complaints and address lube and electricity industry inquiries online
Jun 01, 2020 (LBO) – The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator and the shadow regulator of the lubricant industry is all set to resolve the electricity consumer complaints and address stakeholder issues via online and request the public and the stakeholders to use the online platforms to be connected […]
Dialog Axiata gifts fully-functional ICU at Negombo General Hospital to public
Jun 01, 2020 (LBO) – Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, in less than a month, concluded the immediate civil reconstruction and provision of equipment to establish a fully functional Intensive Care Unit (ICU) at the Negombo District General Hospital. This concludes the first step taken in the pledged Rs. 200 Million towards the urgently required […]
Thailand Prime Minister leads National committee to promote 5G development
May 26, 2020 (LBO) – A 26-member National 5G Committee has been formed with Thailand Prime Minister Prayut Chan-o-cha as chairman to coordinate the 5G development and boost the digital economy in the country. The committee is also tasked with mitigating obstacles regarding the recall of unused spectrum, from state agencies for the National Broadcasting […]
Opinion: Building a resilient food system in Sri Lanka in an age of pandemic
Manoj Thibbotuwawa COVID-19 is dealing an unprecedented blow to economies around the globe and the health risk is only the tip of the iceberg. Among the many impending crises resulting from the pandemic, rising food insecurity due to lockdown measures is one of the most critical. The 2020 Global Report on Food Crises highlights that […]
S&P lowers Sri Lanka’s credit rating to ‘B-’
May 21, 2020 (LBO) – Rating agency S&P has lowered Sri Lanka’s long-term sovereign credit rating to B- from B, with a stable outlook, citing the government’s worsening fiscal position. S&P expects the COVID-19 outbreak to push Sri Lanka’s economy into a recession in 2020, against earlier expectations of a rebound. This would weaken Sri […]
Ad agency’s utilise modern business model geared for ‘Work From Home’ to share cost-benefit with clients
News Publisher and Quire Sri Lanka, Business models geared towards managing agile working staff better equipped to manage COVID-19 lockdown For most Sri Lankans, since March 2020 the economic impact of the COVID-19 pandemic has led to a large-scale effort to promote “work-from-home” (WFH) along with the categorization of “essential workers”. Leaving several industries, including […]
Opinion: Sri Lanka’s IT-BPM industry resilient in the face of COVID-19
SLASSCOM “Drifting the curve” is the SLASSCOM industry strategy for building momentum to come out of the “corner” (current situation) stronger. When race car drivers approach a bend on the track, unlike ordinary drivers who slow down, they accelerate. This is known as “drifting the curve.” It’s all about how much momentum you have when […]
Repatriation and replacement of lost foreign jobs: Handling labour migration during COVID-19
Bilesha Weeraratne Sri Lanka, which has been sending workers abroad for employment for decades, is now faced with the formidable challenge of repatriating large numbers of migrant workers affected by COVID-19. Having successfully brought back students from China, UK, Australia, and South Asia and pilgrims from India, the authorities are now making plans to repatriate […]
Over 38,000 Sri Lankans in 143 countries seek to return home
May 18, 2020 (LBO) – Over 38,983 Overseas Sri Lankans (OSLs) in 143 countries at present seek to return home, based on information gathered mainly through the ‘Contact Sri Lanka’ Web Portal of the Ministry of Foreign Relations. This comprises 3,078 students, 4,040 short term visa holders, 27,854 Migrant workers, 3527 dependents and 484 duel […]
We cannot allow irrational laws to impede our economy: President
May 15, 2020 (LBO) – President Gotabaya Rajapaksa said that irrational laws should not obstruct the policies formulated to achieve the economic objectives of the people. The President stated this during a discussion with officials and ministry secretaries attached to the Plantation Industry sector at the Presidential Secretariat on May 14.The meeting was called to […]
SLT Group 1Q 2020 operating profits grow by 28-pct to Rs.3.2Bn
May 15, 2020 (LBO) – Sri Lanka Telecom PLC Group released its financial results for the three months ending on 31st March 2020. The Total revenue for the quarter recorded Rs.22.1 Bn, which is a 3.8% growth compared to the Rs. 21.3 Bn during the same period in 2019. Stringent measures were taken to manage […]