A special service to provide solutions for electrical systems and plumbing issues of households during the curfew period which has already been launched in the western province is now being extended to other districts of Sri Lanka. This service is jointly implemented by the Sri Lanka Police, National Water Supply and Drainage Board (NWS&DB), Ceylon…
The Tea Trade is anxiously waiting for the next tea auction on the Digital platform scheduled for 16th , 17th and 18th April after successful completion of the first ever tea sale on a Digital platform last week. The Tea exporters despite the current situation came forward to support the digital auction with minimum user training to…
The Monetary Board of the Central Bank of Sri Lanka (CBSL) decided to introduce number of measures to provide flexibility to NBFIs namely Licensed Finance Companies (LFCs) and Specialised Leasing Companies (SLCs) facilitating them to support businesses and individuals affected by the outbreak of COVID-19. These measures include relaxation of regulatory requirements and granting liquidity…
A new bank account termed Special Deposit Account (SDA) has now been introduced for all Sri Lankans living in and outside the country to remit their foreign currency earnings, savings and investments to any bank of their choice in Sri Lanka. It is in the form of Term Deposits either in any designated foreign currency…
Coronavirus Worsens Inequality, Hitting Hard the Poor, Informal Workers WASHINGTON, April 12, 2020 – Amid the mounting human toll and global economic fallout triggered by the COVID-19 pandemic, South Asian governments must ramp up action to curb the health emergency, protect their people, especially the poorest and most vulnerable, and set the stage now for fast…
LPG tanker “Gas Courage” berthed at the Hambantota International Port (HIP), to load close on 1,800 metric tons of LPG. The tanker owned by LAUGFS Maritime Services (Pvt) Ltd., and flying the Sri Lankan flag, is the first vessel to be registered at the Port of Hambantota. ‘Gas Courage’ which has a gross tonnage of…
As the COVID-19 pandemic continues to spread across the globe, people around the world find their daily lives and means for subsistence affected in numerous ways. The impact of this phenomenon on the apparel industry in Sri Lanka is unprecedented and second to none. When compared to the last fiscal year, the Joint Apparel Association…
The coronavirus pandemic will turn global economic growth “sharply negative” this year, the head of the International Monetary Fund (IMF) has warned. Kristalina Georgieva said the world faced the worst economic crisis since the Great Depression of the 1930s. She forecast that 2021 would only see a partial recovery. Lockdowns imposed by governments have forced…
The state’s excise department said that there was a provision for home delivery of alcohol as there is no prohibition of sale of alcohol in the state. KOLKATA: The West Bengal government led by Chief Minister Mamata Banerjee on Wednesday said that it will allow home delivery of alcohol across the state amid the ongoing lockdown…
It’s a difficult moment for the world. We are fighting the coronavirus pandemic whilst our nation’s exporters have been facing challenging times for the past two months. The EDB requests that now more than ever, the time has come for us to prepare our businesses to stay up and running. As a nation, we are…
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