The COVID-19 Healthcare and Social Security Fund that was initiated by President Gotabaya Rajapaksa received another donation of Rupees fifteen million five hundred thousand from the Lanka Gem Dealers and Miners Association (LGDMA). This contribution was made by the LGDMA to support the fund by helping the efforts of the Government to fight the Covid-19…
Specially flown down testing kits were donated by Jack Ma and Alibaba Foundations Alibaba Group, the parent company of Daraz Sri Lanka, has been one of the groups at the forefront in the worldwide fight against COVID-19 through continuous supplies of medical support to Asia, Africa, Europe and North America. Following the donation of 100,000…
The lockdown and its aftermath are set to raise all sorts of issues for the construction industry that is already in trouble. Hence, as the way forward for the industry, the Ceylon Institute of Builders appeal to the government to support the badly affected construction entrepreneurs and companies. Firstly, the industry requests the government to…
Considering the challenges faced by listed companies in complying with rules regarding the submission of Annual Reports and Interim Financial Statements as a result of the COVID-19 pandemic, the Colombo Stock Exchange (CSE) has decided to extend financial report submission and enforcement action deadlines applicable to Sri Lankan listed companies as a temporary relief measure….
Sri Lanka should consider asking lenders like China to waive off loans, former Prime Minister Ranil Wickremesinghe said during an exclusive interview with Indian global news network – WION news. Responding to a query that if Sri Lanka would do the same as Pakistan by asking loan waivers from lenders including China, Wickremesinghe said : “We can ask…
President Gotabaya Rajapaksa chaired a meeting at the Presidential Secretariat on Wednesday (15) to explore the possibility of immediate resumption of day-to-day economic activities at provincial levels in order to safeguard the national economy. Several representatives of the health sector including all the Provincial Directors of Health briefed the President on current situation in the…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 15 April 2020, having observed the cumulative reduction of the key policy interest rates of the Central Bank, namely the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR), by 200 basis points each since 31 May…
All CDS account holders who have subscribed for the e-statement facility will continue to receive an uninterrupted service in receiving the CDS annual statements as at 31st March 2020. The CDS is not in a position to dispatch CDS statements for those who have not subscribed for the e-statement facility due to the unavailability of…
The World Bank is seeing “a huge willingness” on the part of official bilateral creditors to suspend debt payments by the world’s poorest countries so they can focus on fighting the coronavirus pandemic, a top Bank official said on Monday. World Bank Managing Director Axel van Trotsenburg said the Group of 20 major economies and…
According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today (15) stands at Rs. 188.51 and selling rate of the US dollar stands at Rs. 195.78. The rupee gained to 195.78 level is a significant change after falling as low as 200.50…
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