Tag: lbo
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 […]
Identify right model to develop the country: President tells researchers
Mar 13, 2020 (LBO) – President Gotabaya Rajapaksa requested the heads of research organizations to find ways and means to uplift a small country like Sri Lanka with a comparatively small population and an economy. Since the current global economy is based on knowledge, ours should be developed centered around our workforce that can be […]
CSE trading halted temporarily as S & P drops below 5-pct
Mar 12, 2020 (LBO) – Trading at Sri Lanka’s Colombo Stock Exchange (CSE) has been halted temporarily for 30 minutes following the S and P index dropping below 5 percent for the second time this week, stockbrokers said. The S and P index fell 121.48 points or 5.05 percent to 2,284.32 points soon after it […]
Sri Lanka temporarily halts on-arrival visa for tourists
Mar 12, 2020 9LBO) – Sri Lanka’s Government has temporarily suspend the on-arrival-visa facility for foreign tourists until further notice as a measure to control the spread of coronavirus in the country, a statement said. “The Government has decided to suspend on arrival visa facility until further notice,” the Government Information Department said in a […]
SEC to take measures to support stock market
Mar 12, 2020 (LBO) – The Members of the Commission of the Securities and Exchange Commission of Sri Lanka (SEC) convened a special meeting Thursday to assess the current situation in the stock market and determine what regulatory relief and assistance was needed to manage the impact arising from the global stock market downturn due […]
CSE recovers ASPI and S&P making gains during trading
Mar 12, 2020 (LBO) – The Colombo bourse recovered some of its losses after Wednesdays panic selling which led to the indices falling to an 8 year low, a market report said. Positive sentiments set by global markets on renewed hopes of government stimulus and recovery in oil prices led to price gains. Price gains […]