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…
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,…
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