The Colombo Rubber Traders’ Association with the approval of the Government and the Ministry of Health and Indigenous Medial Services commenced its weekly auctions beginning with one auction per week at the Ceylon Chamber of Commerce on 9th April 2020 at 2.00 pm. The last rubber auction took place on 13th March 2020 and the…
Ministry of Health, Nutrition and Indigenous Medicine together with the Information and Communication Technology Agency (ICTA) of Sri Lanka, the apex ICT institution in the country has developed an application to inform, engage and react to the deadly spread of the New Coronavirus also known as Covid-19 under the instructions of his excellency the President…
Sri Lanka’s gross official reserves were down by US$412.54 million to US$ 7,525.7 million in March 2020 from US$ 7,938.24 in February 2020, latest Central Bank data showed. By the end of March, foreign currency reserves were 7,119.1 million dollars while the reserve position in the IMF was 65.3 million dollars. Special Drawing Rights were…
AFP – Oil prices fell sharply Friday as top producers attempted to finalize a crucial agreement on output cuts in a bid to counter a collapse in demand due to the coronavirus pandemic. US benchmark West Texas Intermediate was down 9.3 percent at $22.76 a barrel in morning Asian trade while Brent, the international benchmark,…
Govt and CBSL Introduce Further Measures to Preserve the Foreign Currency Reserve Position of Sri Lanka With the view of preserving the foreign currency reserve position of the country, minimizing the existing pressure on the exchange rate and considering the possible negative impact to the Sri Lankan economy due to the outbreak of Covid-19 pandemic,…
The United States Government, through the United States Agency for International Development (USAID), has committed US$1.3 million to help protect healthcare workers and slow the spread of the virus with infection prevention and control support, the US embassy in Sri Lanka said. “Through even the most difficult times, Americans and Sri Lankans support one another as partners…
The government has taken steps to introduce a special account under special concessions for Sri Lankans living overseas and foreign nationals to deposit their savings and other funds in Sri Lanka, Co-Cabinet Spokesman minister Bandula Gunawardena said. A special Gazette notification in this regard, will be issued today (09), minister Gunawardena said whilst addressing the cabinet media…
The Asian Development Bank (ADB) yesterday allocated $44 million in technical assistance resources to support its developing member countries in their response to the novel coronavirus disease (COVID-19) pandemic. The funds will be available for all ADB developing member countries in updating and implementing their pandemic response plans, including buying emergency supplies and equipment; assessing health…
The Central Bank of Sri Lanka has requested $ 400 million from the Reserve Bank of India under the SAARC swap facility, Senior Deputy Governor of Sri Lanka’s central bank Dr. Nandalal Weerasinghe said. “India’s amended currency swap fund for SAARC can assist countries facing debts. In 2015/2016 also we received a swap arrangement of…
The European Union (EU) and its Member States are working with partners around the world to tackle the outbreak of the coronavirus pandemic and mitigate the effects of the crisis. The EU’s response follows a ‘Team Europe’ approach, aimed at saving lives by providing quick and targeted support. This includes improving the preparedness for and…
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