The World Bank projects Sri Lanka’s economy to contract by 3.2% this year and remain flat at zero percent next year. “In Sri Lanka, the combination of falling tourism, manufacturing activity and services associated with the pandemic is envisaged to cause output to contract by 3.2 percent, despite the earlier recovery from the April 2019 terrorist…
An agreement was signed by the Government of Sri Lanka with the Government of Germany today to obtain a technical assistance grant of Euro 11 million to implement the following three projects. Vocational Training in Sri Lanka – Euro 7 million This Project aims at providing demand-oriented cooperative vocational training for young people. Small &…
The United Nations Children’s Fund (UNICEF) supported the Ministry of Health and Indigenous Medical Services (MOH) in refurbishing COVID-19 isolation units at three specialist Hospitals in the country, as part of its on-going efforts in responding to the pandemic. The isolation units were established at the Lady Ridgeway Hospital for Children, Castle Street Hospital for…
The new Faculty of Technology of the University of Sri Jayewardenepura (USJ), was ceremoniously inaugurated on 08 June 2020 by Hon. Mahinda Rajapaksa, Prime Minister of Sri Lanka. This new complex is part of a large education and technology zone in Pitipana that includes the NSBM Green University, also constructed by Maga Engineering. The Faculty…
Asia-Pacific (APAC) economic momentum should turn positive in 2H20 as domestic lockdowns are eased and external demand gradually improves, limiting the drop in regional economic output to 1.7% in full-year 2020, says Fitch Ratings. Despite this, a number of APAC sovereigns will continue to face negative rating pressures amid the shock from the coronavirus pandemic,…
Affirms promise ‘Protection for you and our country begins here’ The Peramaga initiative has established purpose-built outdoor COVID-19 screening centres at the Colombo North Teaching Hospital in Ragama and the Panadura Base Hospital. Peramaga is a joint effort of professionals led by pharmaceutical and healthcare specialist Dr. Sanjay Perera; infectious diseases specialist Dr. Changa Kurukularatne,…
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, together with Huawei and Simsyn, has further extended its support for the education sector by way of teleconference solutions for schools across the country, selected by the Ministry of Education (MOE). This is an extension of the Nenasa 1377 distance learning initiative launched in March 2020. Contrary…
Expo 2020 Dubai is gearing up to help shape a post-pandemic world and create a better future for all after a two-thirds majority of Bureau International des Expositions (BIE) Member States voted in favour of postponing the next World Expo by one year. This global mega event will now run from 1 October 2021 to…
Sri Lanka has been placed at 54th position among 117 nations in terms of budget transparency and accountability, according to the Open Budget Survey (OBS) 2019, which was released recently. The OBS, conducted by International Budget Partnership (IBP) is the world’s only independent, comparative, and fact-based research instrument that uses internationally accepted criteria to assess…
The coronavirus will cause global economic output to contract by 5.2% in 2020, the World Bank said on Monday, warning that its latest forecasts would be revised downward if uncertainty over the pandemic and business lockdowns persist. In its latest Global Economic Prospects report, the World Bank said that advanced economies are expected to shrink…
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