SriLankan Airlines, continuing to answer the call of the Nation, uplifted a consignment of medical aid from Shanghai, China Saturday (March 28,2020). This was a donation made by the Sri Lankan Community in China through the Consulate Generals of Sri Lanka in Guangzhou and Shanghai, facilitated by the Embassy of Sri Lanka in China. The…
SYDNEY (Reuters) – Asian shares slid on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies despite central banks’ best efforts. “We continue to mark down 1H20 global GDP forecasts as our assessment of both the global pandemic’s…
The John Keells Group, through John Keells Foundation and in collaboration with SAGT (South Asia Gateway Terminals (Pvt) Ltd) and Deutsche Bank, contributed to the establishment of a Molecular Virology Laboratory at National Institute of Infectious Diseases (IDH), to increase testing capacity of Sri Lanka. The contribution involved funding of certain equipment and consumables required…
Certain Listed Entities on the Colombo Stock Exchange (CSE) have expressed concerns regarding the upcoming Annual General Meetings (AGMs) of such Entities in light of the Covid-19 pandemic. Holding physical meetings comprising of large number of shareholders may add to the risk of spreading the disease. In the circumstances, certain Listed Entities have requested guidance…
In view of the extension of the curfew by the Government, the Colombo Stock Exchange (CSE) has decided that the CSE will remain closed for Trading on Monday, 30th March 2020. Accordingly, 30th March 2020 will be considered as a market holiday. The government decided to extend the ongoing curfew in Colombo, Gampaha, Kalutara, Puttalam, Kandy and…
Total merchandise exports for January and February 2020, was US$ 1,931 which resulted in a reduction of 3.6% compared to the same period in 2019. The Apparel exports comprised of US$ 939 million exporting to the main markets of USA, UK, Italy, Germany and Belgium followed by Tea US$ 208 Million which is the main…
By Dr. Ganeshan Wignaraja Developing Asia (hereafter Asia) is famous for engineering V-shaped recoveries following the 1997 Asian financial crisis and the 2008 global financial crisis as well as emerging as a key engine of global growth. The severity of the COVID-19 pandemic has sparked concerns about whether global growth will be V, U, L…
KUALA LUMPUR (Reuters) – Malaysia’s Top Glove Corporation Bhd (TPGC.KL), which makes one in every five gloves globally, expects a product shortage as demand from Europe and the United States spikes because of the widening coronavirus outbreak is exceeding its capacity. The company has extended shipping times to cope with the demand surge, Executive Chairman…
BEIJING, March 29 (Xinhua) — PetroChina, China’s largest oil and gas producer, reported expansion in revenue in 2019, while its net profit saw a remarkable drop due to the slowing global economic growth and unrest in the international oil market. Revenue rose 6 percent year on year to 2.52 trillion yuan (about 355.22 billion U.S….
Gifts prototype to Homagama Hospital and offers to share technology in the interest of the nation Atlas Axillia PLC, a subsidiary of the Hemas Group, has gifted a fully homegrown Automated Guided Vehicle (AGV) robot to the Homagama Base Hospital, to assist medical personnel in the remote monitoring and care of patients affected by…
