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Chamber Academy Hosts First Work-From-Home Webinar for over a Hundred Participants

Taking the lead in empowering the private sector during COVID-19, the Chamber Academy of the Ceylon Chamber of Commerce in collaboration with FITIS and LK Domain Registry, hosted a webinar for over a hundred participants, on how to successfully work from home (WFH). The webinar covered an introduction to working from home, and the communication…

(0) Comments | April 5, 2020 12:53 pm

Featured

Omega Line Group to donate 400,000 protective wear to battle COVID-19

With the country facing many challenges during these unprecedented times as the novel coronavirus (COVID-19) continues to expand, Omega Line Group which operates under the flagship of Italy-based Calzedonia S.p.A has stepped in to donate 400,000 safety masks to frontline healthcare workers in the fight against the infectious disease. This contribution comes as a part…

(0) Comments | April 5, 2020 12:44 pm

Dettol’s joins in the fight against Covid-19

Dettol, a trusted brand among Sri Lankan households for over 5 decades, joined the national effort to combat and prevent the spread of the Covid-19 virus which has engulfed many countries across the world. Under their ‘Clean Hands Clean Nation’ CSR initiative, the brand has so far made a contribution in excess of 3 million…

(0) Comments | April 5, 2020 12:37 pm

Daraz can bring expertise from its parent company Alibaba during this time of crisis and potentially service 10,000 households daily

Daraz, Sri Lanka’s largest e-commerce platform, ordinarily connects thousands of sellers to millions of consumers across the country. Now, however, the scalability and scope of the e-commerce giant’s platform and logistics expertise have urgent applications that will sustain the people in these uncertain times – the delivery of essential goods every day to Sri Lankan…

(0) Comments | April 5, 2020 10:22 am

Emirates Skywards extends support, offers flexibility to members

Emirates Skywards, the loyalty programme of the world’s largest international airline, is supporting its 27+ million members by understanding their needs, relaxing policies, adding flexibility, and including extensions – in short, giving members the reassurance they need during the global pandemic. Retaining tier status Emirates Skywards Silver, Gold and Platinum members with a tier review…

(0) Comments | April 5, 2020 10:13 am

Emirates announces first passenger flights post suspension

Approvals obtained to fly passengers outbound from the UAE to some destinations from 06 April. Initial flights to commence from Dubai to London Heathrow, Frankfurt, Paris, Zurich and Brussels Stringent entry restrictions remain in place at these destinations as well as others across the world; travellers advised to check before travel Safety and wellbeing of…

(0) Comments | April 5, 2020 10:10 am

Hutch Pays Heed to Customer Feedback offering 100% Anytime Data without Night Time Quotas

In a significant announcement made today, Hutch has started offering its subscribers 100% Anytime Data packages without any night time quotas. Customers will no longer have to wait till midnight to access their night time quotas and be worried of running out of quotas to use during the day time. With Hutch Anytime data revolution,…

(0) Comments | April 5, 2020 9:57 am

Online Streaming Platforms Throttle Video Quality to Ease Net Strain

Explosive Surges in Online Traffic Will Slow Down the Internet Breaking the Internet – Streaming Platforms Reduce Video Quality and Download Speed to Counteract High Online Traffic Amidst the on-going online traffic taking place as the coronavirus pandemic forces people to stay indoors, many streaming platforms including Netflix and YouTube will be reducing video quality…

(0) Comments | April 5, 2020 9:50 am

Sri Lanka Essentials – Online Directory of Delivery Services in Sri Lanka

Antyra Solutions (www.antyrasolutions.com), a leading Integrated Agency operating in Colombo and Singapore, has launched www.srilankaessentials.com as a free public directory service to find delivery services in Sri Lanka. In this hour of need, where the public is required to remain indoors and face difficulties in sourcing essentials, Antyra launched Sri Lanka Essentials as a free…

(0) Comments | April 5, 2020 8:59 am

Geared to serve you at all times: The Fairfirst way

Since the lockdown, we have processed 1964 Motor Claims intimations, 281 Hospital Admissions, 290 Discharges from Hospitals, settled 1400 Motor Claims, 3316 medical claims and more than 80 non-motor non-medical claims. We have also processed nearly 5000 policies, renewals and endorsements. 80% of our 1200 employees and agents are connected and ready to serve you…

(0) Comments | April 4, 2020 8:13 am

Hatch & LAN gear up to launch Sri Lanka’s first fintech accelerator

When Hatch opened in 2018, it quickly became a hub for innovators. It enriched the entrepreneurial spirit within its walls by offering generously curated regular programmes of mentoring sessions, learning workshops and events. In April 2020, Hatch in partnership with Lankan Angel Network (LAN) and through the support of the Ford Foundation, will officially launch…

(0) Comments | April 4, 2020 8:05 am

Top News

Dubai imposes two-week lockdown as Gulf states step up coronavirus fight

DUBAI/RIYADH (Reuters) – Dubai imposed a two-week lockdown Saturday night and Saudi Arabia sealed off parts of the Red Sea city of Jeddah as Gulf states tightened measures in big cities to contain the spread of the coronavirus. Dubai had been under an overnight curfew along with the rest of United Arab Emirates since March…

(0) Comments | April 5, 2020 12:31 pm

The apparel sector equips healthcare workers in the fight against COVID-19

During this time of crisis in our land, as well as globally, Sri Lanka’s apparel sector has taken up arms to equip our brave healthcare workers with the appropriate clothing as they serve in the frontlines of our battle against COVID-19. All apparel firms in association with the Joint Apparel Association Forum Sri Lanka (JAAFSL) are…

(0) Comments | April 5, 2020 10:06 am

First Capital cuts ASPI target to 5,000 for June; projects a possible recovery in 4Q2020

ASPI target cut to 5,000 by Jun 2020 & 6,000 by Dec 2020 1Q2020 Bond Yield Expectations extended to 1H2020 AWPR may fall beyond 5Yr Yield to below 9.0% amidst the lack of lending and may range between 9.0%-10.0% during 2H202 3Q-4Q2020 poses higher risk to SL with Sovereign Bond repayment and budget deficit financing…

(0) Comments | April 5, 2020 9:41 am

Central Bank Further Reduces Policy Interest Rates

The Monetary Board of the Central Bank of Sri Lanka, on 03 April 2020, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 25 basis points to 6.00 per cent and 7.00 per cent, respectively, effective from the close of business on 03…

(0) Comments | April 3, 2020 6:19 pm

Rupee falls further. Selling rate of US $ recorded at Rs.193.75

The Sri Lankan rupee slipped further against the US dollar as financial markets around the globe continued to feel jitters of coronavirus pandemic. According to the Central Bank of Sri Lanka (CBSL) the current selling rate of the US Dollar today (03) stood at Rs. 193.75 and buying rate of the US dollar stood at…

(0) Comments | April 3, 2020 6:15 pm

Fitch sees ‘deep global recession’ in 2020 as COVID-19 crisis escalates

A deep global recession in 2020 is now Fitch Ratings’ baseline forecast according to its latest update of its Global Economic Outlook (GEO) forecasts. “The speed with which the coronavirus pandemic is evolving has necessitated another round of huge cuts to our GDP forecasts. We now expect world economic activity to decline by 1.9% in…

(0) Comments | April 3, 2020 5:00 pm

Private Hospitals support and collaborate with Government in battle against COVID-19

The Association of Private Hospitals and Nursing Homes (APHNH) in a statement to media said they are fully committed to and will continue to be a contributing force to the healthcare services in the country, in this critical time of the coronavirus pandemic. To this effect, they have and will continue to diligently follow the…

(0) Comments | April 3, 2020 3:17 pm

Low-cost Medical Ventilator Manufactured by Vega Innovations to Support COVID-19 Outbreak

A new low-cost easily scalable medical ventilator is designed and developed by Vega Innovations, a subsidiary of CodeGen Group of Companies. This is now been tested in Sri Lanka under the supervision of Dr Chandana Karunarathna, Consultant in Anesthesiology, Intensive Care and Pain Medicine at Ministry of Health of Sri Lanka Why invent a low-cost…

(0) Comments | April 3, 2020 2:03 pm
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Analysis

Business sentiment-Biz confidence in retreat mode

Sentiment is dealt a body blow on account of the emergence of a global health alert Just when Sri Lankan businesses thought a semblance of normalcy was emerging following the negative impacts of the Easter Sunday terrorist attacks last year, they’ve been hit by another blow in the form of COVID-19. The infectious disease caused…

(0) Comments | March 3, 2020 12:00 pm

Business Impact on Sri Lanka from COVID-19

By the Economic Intelligence Unit of the Ceylon Chamber of Commerce The outbreak of the Novel Coronavirus (COVID-19) is having its toll on the global economy with many economists now expecting a larger impact than the SARS outbreak in 2002-03. The outbreak is lowering China’s GDP growth expectations in the first quarter to 4.5%, a…

(0) Comments | February 20, 2020 2:15 pm

Economic optimism takes a dip -Survey

Post – election economic positivity erodes as corporates adopt a wait and see mindset The economy according to the latest LMD- Nielsen Business confidence index (BCI ) survey, the share of respondents who say the economy will improve in the coming 12-months has fallen to 62% in January from 74% in the previous month. Commenting…

(0) Comments | February 6, 2020 11:58 am
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