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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

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

World Bank fast-tracks $128 million COVID-19 support for Sri Lanka

WASHINGTON, — The World Bank’s Board of Executive Directors Thursday (02) approved the $128.6 million Sri Lanka COVID-19 Emergency Response and Health Systems Preparedness Project to help the country prevent, detect, and respond to the COVID-19 pandemic and strengthen its public health preparedness. The new fast track package will benefit the entire Sri Lankan population…

(0)Comments | April 3, 2020 10:34 am