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IPG prepared for LPL

Dubai-based IPG, the promoters of Lanka Premier League (LPL), reiterates that they are completely prepared to host the event with all necessary Covid-19 protocols in place given the Sri Lankan authorities give their go-ahead. IPG also states that all required procedures related to the players, team owners and broadcast partners are finalized and awaits certain…

(0)Comments | November 2, 2020 2:39 pm

SL economy to contract in 2020, recover next year: CBSL

Sri Lanka’s GDP is projected to contract by 1.7% this year, reflecting the impact of the pandemic induced fallout, particularly in the second quarter of the year, the Central bank of Sri Lanka said in its  latest report  titled  “Recent Economic Developments: Highlights of 2020 and Prospects for 2021”, which was released last Saturday (31 October). However,…

(0)Comments | November 2, 2020 1:38 pm

Export Sector to continue operations amidst curfew: EDB

The Sri Lanka Export Development Board (EDB) assured that it will continue to facilitate operations of export industries so it remains uninterrupted during the quarantine curfew in the Western Province. In a notice, the EDB said that exporters are required to take all safety precautions recommended by the health authorities to manage COVID-19 and need to…

(0)Comments | November 2, 2020 11:25 am

Dialog Axiata Partners with ‘Manusath Derana’ to Aid Affected Families in Curfew Areas

In its continued response efforts to serve the nation during a time of need, Dialog Axiata, Sri Lanka’s premier connectivity provider, partnered with TV Derana to launch the 2nd rendition of the ‘Manusath Derana with Dialog’ initiative in order to provide relief to affected families in areas under curfew. The entire process of purchasing, packaging and…

(0)Comments | November 2, 2020 11:13 am

Union Bank records resilient performance despite challenging environment in 3Q

Union Bank continued to focus on its prudent cost and portfolio management strategy to remain resilient amidst a volatile macro-economic landscape that prevailed through the third quarter of the year. The Covid-19 outbreak weakened the country outlook substantially and affected the overall business landscape of the country. Amidst a challenging economic landscape, the Average Prime…

(0)Comments | November 2, 2020 11:00 am

October inflation remains unchanged at 4%

Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100), remained unchanged at 4.0% in October 2020 due to the statistical effect of the high base prevailed in October 2019. Meanwhile, Food inflation (Y-o-Y) decreased to 10.0 per cent in October 2020 from 11.5% in September 2020, whereas…

(0)Comments | November 2, 2020 10:36 am

70% of businesses experience threats to corporate reputation: BDO survey

Businesses are becoming increasingly vulnerable to reputational risk, with 70% of them having experienced an event that has posed a threat to their reputation. That’s according to the fifth annual Global Risk Landscape Report produced by specialist accountancy and business advisory firm BDO LLP. BDO’s extensive survey of no less than 500 C-Suite executives across…

(0)Comments | November 2, 2020 10:10 am

Issuing of curfew passes for BOI enterprises

The Board of Investment (BOI) of Sri Lanka yesterday (01) assured to facilitate all BOI enterprises within and outside Export Processing Zones to operate without interruption in the quarantine curfew-imposed areas. Issuing a statement, the Board of Investment of Sri Lanka stated it will issue the required curfew passes as per the instructions on the…

(0)Comments | November 2, 2020 9:33 am

Official Statement: Precautions at Bodyline (Pvt) Ltd Horana, Following Confirmation of Covid-19 Team Members

MAS Holdings said it decided to close the Bodyline Ltd’s Horana plant after one of its employee was tested positive for COVID-19 on Friday the 30th of October. Issuing a statement, the management said the plant would be closed until further notice and re-commenced only after extensive PCR tests are carried out amongst other Team Members. The full…

(0)Comments | November 1, 2020 10:54 pm

Stock Market to resume and operate as normal

The Colombo Stock Exchange (CSE) announced that all market operations will continue as normal on Monday (02 November 2020) and onwards. The quarantine curfew currently imposed on the Western Province has been extended until November 09.  

(0)Comments | November 1, 2020 7:02 pm

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