A special ‘Tashi Air’ charter flight operated today (30) from Colombo to Paro, Bhutan to carry Bhutanese students studying in various Universities in Sri Lanka back to Bhutan. The special flight was operated due to the COVID-19 outbreak in the country resulting in the closure of the Universities in Sri Lanka. The flight, operated by…
Moody’s Investor Service lowered its global vehicle sales forecast on Friday (27) as the COVID-19 outbreak reduces demand and disrupts automotive supply chains. “We now expect global auto unit sales to plunge about 14% in 2020, a far steeper drop than the 2.5% decline we had projected in February, mostly because of a sharp coronavirus-related…
Beijing sends medical supplies to Sri Lanka, Pakistan, Bangladesh, Malaysia, Nepal and Maldives China has sent medical supplies to several South and Southeast Asian nations to help them stem the fast growing coronavirus pandemic. Beijing’s assistance coincided with a call from the World Health Organization (WHO) that urged South Asian countries to scale-up their fight…
The US State Department and the U.S. Agency for International Development (USAID) will provide $1.3 million financial assistance to Sri Lanka to combat the COVID-19 pandemic. “$1.3 million will help the government prepare laboratory systems, activate case-finding and event-based surveillance, support technical experts for response and preparedness, risk communication, infection prevention and control, and more,” US…
SriLankan Airlines, continuing to answer the call of the Nation, uplifted a consignment of medical aid from Shanghai, China Saturday (March 28,2020). This was a donation made by the Sri Lankan Community in China through the Consulate Generals of Sri Lanka in Guangzhou and Shanghai, facilitated by the Embassy of Sri Lanka in China. The…
SYDNEY (Reuters) – Asian shares slid on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies despite central banks’ best efforts. “We continue to mark down 1H20 global GDP forecasts as our assessment of both the global pandemic’s…
The John Keells Group, through John Keells Foundation and in collaboration with SAGT (South Asia Gateway Terminals (Pvt) Ltd) and Deutsche Bank, contributed to the establishment of a Molecular Virology Laboratory at National Institute of Infectious Diseases (IDH), to increase testing capacity of Sri Lanka. The contribution involved funding of certain equipment and consumables required…
Certain Listed Entities on the Colombo Stock Exchange (CSE) have expressed concerns regarding the upcoming Annual General Meetings (AGMs) of such Entities in light of the Covid-19 pandemic. Holding physical meetings comprising of large number of shareholders may add to the risk of spreading the disease. In the circumstances, certain Listed Entities have requested guidance…
In view of the extension of the curfew by the Government, the Colombo Stock Exchange (CSE) has decided that the CSE will remain closed for Trading on Monday, 30th March 2020. Accordingly, 30th March 2020 will be considered as a market holiday. The government decided to extend the ongoing curfew in Colombo, Gampaha, Kalutara, Puttalam, Kandy and…
Total merchandise exports for January and February 2020, was US$ 1,931 which resulted in a reduction of 3.6% compared to the same period in 2019. The Apparel exports comprised of US$ 939 million exporting to the main markets of USA, UK, Italy, Germany and Belgium followed by Tea US$ 208 Million which is the main…
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