As the travel restrictions imposed by the countries in our global network continue to be in place due to the COVID 19 pandemic, SriLankan Airlines is compelled to extend the temporary suspension of its scheduled passenger flights till April 30, 2020. The Airlines’ cargo services will continue to operate from its worldwide network and special…
Fitch Group has announced that it has donated USD50,000 to Give2Asia in support of the organisation’s crisis response to the outbreak of COVID-19, the disease caused by the novel coronavirus. “We are deeply saddened by this tragedy, and our sympathies are with the victims and all who have lost family and friends. This donation is…
Simplifies waivers and refunds policy with one unified approach worldwide Eases concerns about pre-booked summer travel by extending waiver policy to tickets issued before 31 May 2020, for travel before 31 August 2020 Offers three options: Keep your ticket for 760 days; exchange ticket for travel vouchers valid for up to 2 years; full refunds…
The International Monetary Fund (IMF) executive board has approved an immediate debt service relief to 25 member countries as part of measures to alleviate the devastating economic impact of the deadly Coronavirus. IMF managing director, Kristalina Georgieva, announced the historic debt relief decision in a statement following Monday (13) meeting. “Today, I am pleased to say…
In January this year, the LOLC Group announced of their agreement to sell it’s 70% stake held in Cambodia’s largest Microfinance Company, PRASAC, to the world’s sixth largest Commercial Bank and Korea’s biggest Commercial Bank, Kookmin for US$ 603Mn, a Rs. 120Bn in local currency terms. Sealing the deal, LOLC confirms that both parties had…
The Asian Development Bank (ADB) tripled the size of its response to the novel coronavirus disease (COVID-19) pandemic to $20 billion and approved measures to streamline its operations for quicker and more flexible delivery of assistance. The package expands ADB’s $6.5 billion initial response announced on 18 March, adding $13.5 billion in resources to help ADB’s developing…
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…
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