In line with the decision taken by the Cabinet of Ministers at the Cabinet meeting held on 20.03.2020 on the Direction issued by President Gotabaya Rajapaksa to provide relief measures to assist businesses and individuals who are adversely affected by the prevailing Covid-19 outbreak, the Governor of the Central Bank of Sri Lanka Deshamanya Professor W D Lakshman has…
In view of the extension of the ongoing curfew in the districts of Colombo, Gampaha and Puttalam, the Colombo Stock Exchange has declared the period from 25th to 27th March 2020 as market holidays. Accordingly, the market will be closed from 25th to 27th March 2020.
Covid – 19 is spreading, and there is no cure to be seen in the foreseeable future. The global pandemic has shown to be mostly affecting the elderly, a mutual trend shared by all the countries affected by it. China reported approximately 53% of infected cases who were 50 years and above, while deaths due…
Reuters – The coronavirus pandemic will cause a global recession in 2020 that could be worse than the one triggered by the global financial crisis of 2008-2009, but world economic output should recover in 2021, the International Monetary Fund said on Monday. IMF Managing Director Kristalina Georgieva welcomed extraordinary fiscal actions already taken by many…
SriLankan Airlines has noted that many social Media posts have appeared over the past few days discriminating SriLankan Airlines staff in connection with COVID-19 infection. It is extremely unfortunate that these posts have subjected the Airlines’ staff and their immediate families to discrimination, distress and embarrassment at public places such as hotels, schools and hospitals SriLankan Airlines as the National Airline…
The stimulus package has not been extended to the rubber sector Need to produce medical gloves and agriculture and transport sector tiers As Sri Lanka responds to the growing COVID-19 pandemic, the rubber exporters today called on the government to designate rubber industry as an “essential service” as the sector provides its products to many…
Prima Ceylon (Private) Limited (PCL), the primary producer and supplier of wheat flour in the country, assured that there was no shortage of stocks. In the backdrop of the escalating COVID-19 Corona virus pandemic in the world, the company reassures the public and the government of Sri Lanka that it is fully prepared to continue…
WASHINGTON (Reuters) – World Bank Group President David Malpass on Monday said that the development lender could deploy as much as $150 billion in resources over the next 15 months to help developing countries fight and recover from the coronavirus pandemic. Malpass, in a statement to G20 finance ministers and central bank governors released by…
President Gotabaya Rajapaksa has announced several relief measures which will be granted to the general public who have been affected by the outbreak of Coronavirus in the country. All relief measures will come into effect from Monday (23), the President’s Media Division said. The President has ordered the Governor of the Central Bank of Sri…
Several banks have revised their operating times and suspended non-essential banking services because of the rising novel coronavirus (COVID-19) cases in Sri Lanka. Banking services like passbook updates, counter cheque collections have been restricted as the banks promote social distancing. Many banks have also requested users to avoid visits to branches and go digital with…
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