The Colombo Stock Exchange (CSE) has continued to receive inquiries pertaining to the hosting of Annual General Meetings (AGMs) and requesting guidance to comply with the mandatory requirement within the boundaries of an excepted framework in the light of the COVID-19 pandemic. Large events and mass gatherings can contribute to the spread of COVID-19 via…
The COVID-19 pandemic and the ensuing economic crisis are evolving rapidly in scope and severity. Hence, Sri Lanka needs to have a better understanding of what is happening and have to re- strategies and move away from the mistakes of the past, to achieve self-sustenance in a new post-COVID-19 world, Kishu Gomes, a well-known business…
The Securities and Exchange Commission of Sri Lanka taking into consideration the impact caused to investors as a result of the drop in valuations of listed securities on or about 11th March 2020 has decided to grant a moratorium to the clients of all licensed Stock Brokers and registered Margin Providers from the payment of…
Donations from People’s Bank, Litro Gas, Sri Lanka Insurance, BOC, NSB among others Rs. 50 m received from Akbar Brothers With direct deposits and donations from organizations and individual donors, the COVID – 19 Healthcare and Social Security Fund’s balance surpasses Rs. 242 million, the President’s Media Division (PMD) said in a statement yesterday. (31) President…
The virus that triggered a supply shock in China has now caused a global shock. Developing economies in East Asia and the Pacific (EAP), recovering from trade tensions and struggling with COVID-19, now face the prospect of a global financial shock and recession. Sound macroeconomic policies and prudent financial regulation have equipped most EAP countries to…
The coronavirus pandemic is the worst global crisis since World War II, UN Secretary-General Antonio Guterres said Tuesday, expressing concern that it could trigger conflicts around the world. Guterres said that the scale of the crisis was due to “a disease that represents a threat to everybody in the world and… an economic impact that…
Sri Lanka’s inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI), declined to 5.4% in March 2020 from 6.2% in February 2020, the Central Bank reported. This was due to the decline in the prices of items in the Food category. Accordingly, Food inflation (Y-o-Y) declined to 12.8% in March 2020…
The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to introduce number of measures to provide flexibility to Licensed Finance Companies (LFCs) and Specialised Leasing Companies (SLCs) facilitating them to support businesses and individuals affected by the outbreak of COVID-19. In line with this initiative, implementation of several regulatory measures such…
Groceries now available through Uber Eats App The government of Sri Lanka and Uber are joining forces to deliver essential supplies as part of efforts to slow the spread of COVID-19 in the country. Uber Eats will enable people to receive essential food items and support the government’s guidelines by staying at home. Users can…
All operations of the Kollupitiya Hatton National Bank (HNB) branch have been shut down for a period of 14 days after a parent of a staff member of the particular branch has tested positive for COVID-19, the bank said. “As a precautionary measure, HNB has immediately closed the branch and has instructed the entire staff…
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