The Colombo Stock Exchange has decided to remain closed today ( 19th March 2020). Earlier, A decision was taken by the Colombo Stock Exchange (CSE), in consultation with the Securities and Exchange Commission of Sri Lanka (SEC), to resume trading today. However, Following a subsequent request of the SEC and taking into consideration the steps taken by…
Reuters – As Wall Street extended its deep sell-off on Wednesday over fears about the coronavirus, the Dow Jones Industrial Average effectively erased the last of the once sizeable gains it made under U.S. President Donald Trump. Trump’s request for Congress to approve $500 billion in cash payments to taxpayers along with $50 billion in…
CNBC – Detroit’s Big Three automakers plan to temporarily close all U.S. factories as the coronavirus sweeps across the country. The companies bowed to pressure from union leaders and employees who called for protection from the pandemic that’s spread to more than 212,000 people in nearly every country across the globe. Ford said it plans to close its…
SriLankan Airlines had received permission from Civil Aviation Authority of Sri Lanka (CAASL) to carry Sri Lankan nationals (passengers) who are currently stranded in the UK, to Colombo, on UL504, arriving in Colombo on the 19th March 2020, at 1240. As per the directive from CAASL/ AASL No passenger will be accepted at the arrival…
Sri Lanka and China Development Bank have signed an agreement for a financing facility of US$ 500 million for development efforts. Earlier, Senior Deputy Governor of Central Bank of Sri Lanka, Nandalal Weerasinghe stated that the Government is in the middle of negotiating a loan from the China Development Bank, which could be between $…
TOKYO (Reuters) – Global stock futures and Asian shares tumbled in choppy trade on Wednesday, as worries about the coronavirus pandemic eclipsed hopes broad policy support would combat the economic fallout from the outbreak. Most traditional safe-haven assets were also under pressure as battered investors looked to unwind their damaged positions, leading to wide discrepancies…
Sri Lanka’s President Gotabaya Rajapaksa orders banks and finance companies to suspend the recovery of loans to businesses for a period of six months, as the country is battling a Coronavirus epidemic. Addressing the nation yesterday (17), the president said that he would request banks to give working capital loans to businesses at 4% interest. Full…
Risks for APAC firmly tilted to the downside, including from much weaker European and American economies than currently assumed Forecast of 4.8% growth for China assumes slow resumption of economic activity and weak export demand Moody’s Investors Service has revised its forecasts for most APAC economies on coronavirus implications, incorporating ongoing travel restrictions and heightened…
In view of the Government declaring a special public holiday for three (3) days effective from 17th March 2020 and requesting the private sector to follow suit, except for maintaining essential services which have been specified, and also considering the other preventive steps that have been taken by the Government today, the Colombo Stock Exchange…
SriLankan Airlines categorically refutes the contents of certain social media posts that are currently being circulated with regard to a flight operated from London to Colombo. The Airline would like to emphasize that the posts that state the Airline had facilitated a VIP flight to bring down stranded siblings of VIPs, is completely untrue and…
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