The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) lauded all those involved in the pharmaceutical supply chains for their proactive efforts in ensuring the uninterrupted supply of medicine throughout the country in response to the COVID-19 pandemic. Despite challenges posed by the coronavirus to global manufacturing and distribution supply chains, the Chamber reaffirmed that…
Following is a statement issued by the State Minister of Money & Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal on 30th October 2020 With the spread of the COVID-19 pandemic, all countries including Sri Lanka, observed a contraction in economic activity, reduction in foreign exchange earnings, decrease in revenue collection, and increase in…
Expolanka Holdings announced that after conducting an extensive number of PCR tests, nine of its employees have tested positive for COVID-19, it said in a statement. Official statement issued by the company as follows: Expolanka PLC since the inception of the pandemic in Sri Lanka actively began pursuing proactive COVID safety protocols and immediate measures in order…
Given the enlarging COVID-19 clusters Sri Lanka is currently experiencing, it is critical that the country’s testing capacity is ramped up, along with its treatment capacity. Sri Lanka has to date employed only Polymerase Chain Reaction (PCR) testing, which is a highly sensitive molecular test that typically delivers an accurate result with no need for…
Mr Sanjaya Mohottala Director General of BOI Sri Lanka stated that more than 26,500 PCR tests has been carried out in the factories under the purview of BOI between 8th and 28th of this month. 16,527 PCRs has been done in the 14 Investment Promotion Zones and awaiting results of another 495 tests. 423 COVID…
Axis Bank shuts down operations in Sri Lanka The Monetary Board of the Central Bank of Sri Lanka, having considered the request made by the Axis Bank Limited, India consequent to a policy decision taken in 2019 on its global operations, has granted approval to close down business operations of Axis Bank Limited in Sri…
Raja Edirisuriya assumes duties as the Executive Project Management Director for Colombo Port City Development Project. This appointment was made as per a cabinet decision on a paper submitted by Prime Minister Mahinda Rajapaksa as the Minister of Urban Development & Housing. Prior to this appointment, Edirisuriya was serving as the Chairman of the Urban…
Business sentiment trends down amid a growing sense of uncertainty in corporate circles With the emergence of a new cluster of COVID-19 cases in early October, the Ministry of Health sought to gazette new regulations under the Quarantine and Prevention of Diseases Ordinance in a bid to stop the virus in its tracks. This involved…
LONDON (Reuters): European stocks and commodity markets struggled to stabilise on Thursday, after a return to national lockdowns in some of the region’s biggest economies triggered the most brutal global selloff in months. Hopes that the European Central Bank will signal later it has more support to offer and a 0.5-1% bounce in Wall Street futures…
EPF Department of the Central Bank of Sri Lanka today (29) informed all its stakeholders on the arrangements that have been made to provide its services uninterruptedly amidst the difficult situation prevailing in the country due to the Covid-19 pandemic. Accordingly; services of settling refunds, collection of contributions, issuing of balance confirmations and contribution history…
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