As per the directions issued by the Presidential Secretariat on March 23, 2020, Value added tax (VAT) payments due from corporations for the months of February and March 2020 has been extended up to April 30,2020, the Department of Inland Revenue said. Accordingly, payments made on or before April 30, 2020 for above periods shall be deemed as payments…
Reuters – The Dow Jones Industrial Average .DJI wrapped up its strongest three days in nine decades on Thursday as record weekly U.S. jobless claims came in below investors’ worst fears and the focus stayed on an unprecedented $2 trillion stimulus awaiting approval by the U.S. House of Representatives. The Dow finished up 21% from its Monday…
President Gotabaya Rajapaksa has included the Central Bank of Sri Lanka, commercial banks, insurances services and the Treasury in the category of essential services. Health, security, police, goods distribution, customs, electricity, water, and fuel supply services are the other services declared as essential. Accordingly, the Secretary to the President Dr. P. B. Jayasundara today issued…
Emirates ground crews around the world have bid farewell to their last operating flights back to Dubai. EK 005 to London Heathrow, which departed at 1605hrs on 24 March was the last flight to take off from Dubai. EK 262 from Sao Paulo, which landed at 2235hrs (local time) was the last flight to arrive…
It is vital to ensure the business continuity of the government during the lock-down situation. Real time information sharing and communication among all key public sector entities, connecting multiple government agencies and employees is an essential need of the hour. To ensure there is no interruption to critical government functions, ICTA has introduced two key…
CNBC – The coronavirus pandemic is shutting down entire sectors of the economy and putting millions of Americans out of work, but one corner of Wall Street may find opportunity amid the carnage: private equity. The group, which includes investment giants Blackstone, Carlyle and KKR, has a record $1.5 trillion in cash ready to deploy and has been actively seeking deals across the…
Financial markets have tanked, the global economy faces the prospect of a recession and across the world, ordinary citizens are being forced to grapple with lockdowns and social distancing on a scale hitherto unwitnessed in recent history. The culprit happens to be an invisible but deadly virus known as COVID-19, which has spread its proverbial…
Global airlines urged governments on Tuesday to speed up bailouts to rescue the air transport industry as they doubled their estimate of 2020 revenue losses from the coronavirus crisis to more than $ 250 billion. “We clearly need massive action very quickly and urgently,” Alexandre de Juniac, Director General of the International Air Transport Association…
WASHINGTON (Reuters) – The World Bank and the International Monetary Fund on Wednesday urged official bilateral creditors to provide immediate debt relief to the world’s poorest countries as they grapple with severe consequences of the rapidly spreading coronavirus. In a joint statement, the institutions called on official bilateral creditors to immediately suspend debt payments from…
President Gotabaya Rajapaksa has requested international donor agencies to provide a debt moratorium or debt deferment facility to all vulnerable developing nations to the COVID – 19 risk. President urged Director General of the World Health Organization Tedros Adhanom Ghebreyesus to forward this request to multi-lateral and bilateral lending agencies. President points out this relief…
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