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Sri Lanka can build back better from COVID-19 and realize Inclusive, resilient growth

The World Bank’s new Country Director for Maldives, Nepal and Sri Lanka, Faris Hadad-Zervos, completed his first visit to Sri Lanka today (27).  The purpose of this visit was to meet key policymakers and understand the country’s development priorities. Based in Kathmandu, Nepal, this was the Country Director’s first visit to Sri Lanka in his…

(0)Comments | November 27, 2020 2:02 pm

COPE meets online for the first time in history

The Committee on Public Enterprises (COPE) of Parliament had Secretaries of three Ministries joining its committee meeting through online (ZOOM) for the first time in history yesterday (26). Accordingly, post the commencement of the COPE Committee yesterday evening under the chairmanship of Prof. Charitha Herath, Secretary to the Ministry of Health (Dr) H.S Munasinghe, Secretary…

(0)Comments | November 27, 2020 10:21 am

EU’s statement on SL’s import control ‘an overreaction presented too early’: CBSL Chief

The Delegation of the European Union (EU) recently raised concerns over the import restrictions imposed by the Government of Sri Lanka. Issuing a statement together with the Embassies of France, Germany, Italy, Netherlands and Romania, the EU stated that; the current import restrictions are having a negative impact on Sri Lankan and European businesses, and…

(0)Comments | November 27, 2020 9:32 am

Nawaloka Hospitals PLC records exemplary performance amidst tough economic backdrop

Recording a year of commanding financial performance in a challenging economic backdrop, Nawaloka Hospitals PLC, a pioneering force in the private healthcare sector, posted a revenue of Rs. 8.5 billion for the fiscal year 2019/20. While performance in the first quarter of the year was severely hindered due the devastating Easter attacks, progress during the final…

(0)Comments | November 27, 2020 9:24 am

Rethinking the Game Plan in Shaping Tourism of Tomorrow, a key discussion at Sri Lanka Economic Summit 2020

Tourism is one of the worst hit sectors from the pandemic and as the industry recovers and restarts, we are presented with an opportunity to rethink how the future of travel and tourism can be shaped for the better.  It has pushed socio-economic structures into a standstill and has challenged globalization and global operations of…

(0)Comments | November 26, 2020 4:00 pm

EU Ambassador meets BOI Chairman

Ambassador – Head of Delegation of the European Union (EU) to Sri Lanka and the Maldives Denis Chaibi and EU Deputy Head of Mission, Head of Political, Trade and Communications Section Thorsten Bargfrede met with Board of Investment (BOI) Chairman Susantha Ratnayake and Director General Sanjaya Mohottala on November 26, 2020 at the Board premises. The discussion was on…

(0)Comments | November 26, 2020 2:27 pm

CB sets maximum interest rates on mortgage-backed housing loans, to introduce lending targets 

Sri Lanka’s Central Bank will introduce maximum interest rates on mortgage-backed housing loans for salaried workers from licensed banks and set lending targets for certain sectors in the near future in conformity with the policies of the Government, Central Bank Governor Deshamanya Prof. W.D. Lakshman said whilst addressing the final Monetary Policy review press conference for this year. ”…

(0)Comments | November 26, 2020 1:49 pm

Minister of Finance and Corporate Affairs of India Nirmala Sitharaman to deliver keynote address at SLES 2020

Nirmala Sitharaman, Minister of Finance and Corporate Affairs of India, will be delivering the keynote address at the inauguration of the Sri Lanka Economic Summit (SLEC) 2020. The keynote address will be during the inaugural session on December 1, 2020. Minister Sitharaman, an Economist has been serving in her current capacity since May 2019 and was previously…

(0)Comments | November 26, 2020 1:47 pm

Port of Colombo: All Operations Return to Normal

The following press communiqué jointly issued by Sri Lanka Ports Authority, South Asia Gateway Terminal and Colombo International Container Terminal All operations and other services of the Sri Lanka Ports Authority’s (SLPA) terminals and all other sister terminals at the Port of Colombo are swiftly returning to normal. Due to the current Covid-19 pandemic situation…

(0)Comments | November 26, 2020 1:13 pm

PMI drops in Oct. amid pandemic

Manufacturing activities indicate subdued performance in October 2020 due to adverse impacts of the second wave of COVID-19 pandemic erupted in the country in early October. Accordingly, manufacturing PMI declined to 40.3 in October 2020 with a significant decline in Production, New Orders, Employment, and Stock of Purchases sub-indices, particularly in the manufacturing of wearing…

(0)Comments | November 26, 2020 9:08 am