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Sun, 09 Aug 2020 Today's Paper

Features

A lifeline for economy amid crisis: Have banks done enough?

29 Jul 2020 - 0     - 609

Businesses and individuals continue to struggle due to the impacts brought about by the global health crisis and it was the banking sector that all industries turned to, for help.

COVID-19 will drive banking sector digitisation push: Sampath Bank MD

29 Jul 2020 - 0     - 48

This is part of the interview series titled ‘Mirror Business S&P SL2 - Insights’ conducted in collaboration with the Colombo Stock Exchange (CSE). The interview features Sampath Bank PLC Managing Director/CEO Nanda Fernando. Following are excerpts from the interview.

Need for a global reset along a more sustainable path

23 Jul 2020 - 0     - 48

There is no doubt that we are faced globally with a terrible pandemic but it seems that we, humans, have yet to gain the level of wisdom necessary to see through to the consequences of our current way of life, organisations and relationships and also the long-term damage it has dealt to prospects for economic growth.

Tea industry review for first quarter 2020

23 Jul 2020 - 0     - 34

The first quarter of the Sri Lankan tea industry saw an upward momentum with an increase in elevational averages to the comparative period in 2019. Tea production saw a sharp decline in the period of review whilst exports witnessed a decrease.

To be or not to be: Emotional labour of fighting a virus

22 Jul 2020 - 0     - 104

The current realities of grappling with COVID-19 encapsulate many an emotional challenge to society. The attempt herein is to identify the challenges and propose a philosophy of ‘emotional labour’ management to overcome or minimise the ill-effects of emotional ‘burnout’ identified.

Return to import substitution won’t deliver rapid growth

21 Jul 2020 - 0     - 101

Sri Lanka has imposed increasing levels of controls on imports since March 2020. While this was partly a reaction to a balance of payments crisis, the restrictions are also intended to promote domestic industrialisation.

Crisis has pushed banking industry to rapidly embrace digital future, says DFCC CEO

21 Jul 2020 - 0     - 48

This is part of the interview series titled ‘Mirror Business S&P SL2- Insights’ conducted in collaboration with the Colombo Stock Exchange (CSE). The interview features DFCC Bank PLC Director/CEO Lakshman Silva. Following are excerpts from the interview.

SLTDA gathering steam to turnaround tourism

20 Jul 2020 - 0     - 246

Sri Lanka’s tourism sector witnessed a major setback being hit by the double whammy of the Easter Sunday attacks and coronavirus (COVID-19) pandemic, both within a year.

Anantaya Chilaw becomes first resort certified by SLSI for COVID-19 Safety

20 Jul 2020 - 0     - 73

Anantaya Resort & Spa Chilaw, owned and managed by Laugfs Leisure Limited, has recently become the first resort in Sri Lanka to receive the Sri Lanka Standard (SLS) 1672:2020 certification from the Sri Lanka Standards Institution (SLSI) for COVID-19 Safety Management Systems.

A digitally transformed Sri Lanka

16 Jul 2020 - 0     - 254

The aim of creating a digital ideology for Sri Lanka has at its roots the empowerment of its people. The purpose of this exercise is to develop an indispensable medium where individuals can live out their relations, according to a social structure which encourages novel ideas, norms and values. A medium that would help us understand how we can localise and culturally fine-tune our systems and government into affecting lives positively.

Hatch ‘Open House’ mentorship programme supports 50 plus startups in Sri Lanka

16 Jul 2020 - 0     - 32

Since the outbreak of the pandemic, Hatch began offering its services online, including the Hatch Open House mentorship programme.

Trade, deglobalisation and new mercantilism

15 Jul 2020 - 0     - 159

The COVID-19 pandemic is accelerating the changes underway since the global financial crisis (GFC) in 2008. It is ushering in a new era of deglobalisation and protectionism — a new mercantilist world order. Three global shifts will likely shape international trade beyond the immediate crisis and into the ‘post-vaccine’ future.

Reimagining education to deal with future economic shocks

15 Jul 2020 - 0     - 15

President Gotabaya Rajapaksa addressing the International Labour Organisation (ILO) Global Summit on ‘COVID-19 and the World of Work – Building a Better Future of Work’, said the skills sector in Sri Lanka requires a rethinking and re-engineering to accommodate the new normal, post COVID-19, while assuring to empower those who lost employment during this pandemic.

Five tips for small businesses to embrace digital disruption

15 Jul 2020 - 0     - 48

Accelerated by COVID-19, the rapid shift to a much more digital world is having a profound impact on all aspects of our lives: how we shop, how we interact, how we work and how we do business.

Distance Education during and after COVID-19: Long road ahead for SL

14 Jul 2020 - 0     - 156

In what has been recognised as the world’s largest educational crisis, the spread of COVID-19 has resulted in a record number of students being forced to stay away from schools and universities.

It’s the economy, stupid

14 Jul 2020 - 0     - 72

By It was James Carville the political strategist behind Bill Clinton’s rise to the US Presidency who introduced the phrase “It’s the economy, stupid” to the lexicon of political campaigning. He made this comment to draw the focus of his campaign workers on the issue that truly mattered to the voters at that time.

Counting chickens: How the poultry industry delivers food security

14 Jul 2020 - 0     - 62

Across Asia, the issue of food security perpetually hovers over numerous poor and working class households. Many global social organisations list malnutrition as a major regional challenge, with several estimating that Asia houses 67 percent of the world’s hungry.

Motor trade industry’s growth closely linked to national economy

13 Jul 2020 - 0     - 143

One hundred years is a significant milestone in life. The Ceylon Motor Traders Association (CMTA) is one of the oldest trade associations in Sri Lanka and one of the oldest automotive associations internationally. The CMTA is affiliated to the Ceylon Chamber of Commerce, the senior trade chamber in Sri Lanka.

Sri Lanka’s declining GDP growth rate

10 Jul 2020 - 0     - 408

The Sri Lankan economy is in dire straits owing to the strict lockdown imposed by the government from March 21st to May 9th to counter the Covid-19 pandemic.

We are well equipped to handle present crisis

10 Jul 2020 - 0     - 74

This is part of the interview series titled ‘Mirror Business S&P SL2- Insights’ conducted in collaboration with the Colombo Stock Exchange (CSE). The interview features Commercial Bank of Ceylon PLC Managing Director S. Renganathan. Following are excerpts from the interview.

The myth: Self-sufficiency guarantees food security

09 Jul 2020 - 0     - 277

The novel coronavirus which drove cities and countries into lockdown has now sparked anxiety over a possible food crisis given the increase in export and import bans and disruption of global food supply chains.

Trends and growth of Sri Lanka’s e-commerce industry

09 Jul 2020 - 0     - 130

The e-commerce industry in Sri Lanka has seen a rapid development over the last year, with a large percentage of shoppers venturing on to the digital platform.

Leading corporates believe WFH is here to stay

08 Jul 2020 - 0     - 239

It’s hard to draw positives from a global crisis such as COVID-19, one that has taken hundreds of thousands of lives and impacted millions more globally but the reality of crises such as this is that they are, more often than not, some of the greatest catalysts for global change.

ILO and EY assess key bottlenecks for private sector investments in Northern Province

08 Jul 2020 - 0     - 89

Ernst & Young (EY) was commissioned to conduct an assessment on the key bottlenecks for private sector investments in the Northern Province in agriculture and fishery sectors, amidst significant progress made by the International Labour Organisation (ILO) and its constituents, implementing the LEED project since 2011 in the Northern Province of Sri Lanka.

Import controls - out of control?

07 Jul 2020 - 0     - 133

As the COVID-19 virus forced much of the world into lockdown, the scale of interdependence and reliance on trade across nations was apparent by the global urgency to re-open economies as soon as possible.

How should governments regulate technology in post-pandemic world?

07 Jul 2020 - 1     - 486

Even before the COVID-19 pandemic struck, a combination of technological breakthroughs had been rapidly reshaping the way we lived and worked.

India’s rising infections and falling economic growth

07 Jul 2020 - 0     - 873

On 2 July 2020, India’s Ministry of Health announced 226,947 active cases of COVID-19, with 17,400 lives lost.

Trade policy for Sri Lanka’s post-COVID Recovery and refocus

03 Jul 2020 - 0     - 150

The pandemic is still in its early stages but the economic fallout is likely to be far worse than the global financial crisis of just over a decade ago. Initial data points to the worst slump since the Second World War.

Reimagining global value chains after COVID-19

03 Jul 2020 - 0     - 16

COVID-19 is exposing the vulnerability of global value chains (GVCs). GVCs contribute to rapid economic growth by enabling multinational corporations to increase their efficiency through fragmented, task-based specialisation. But they are now quickly spreading the negative economic impacts of COVID-19 from China to many other countries.

A better focus towards a digital economy to revive business landscape

03 Jul 2020 - 0     - 20

ACCA members have always played a key role in assessing the financial implications and risks faced by Sri Lanka in any crisis and now with the COVID-19 pandemic, they are helping to guide organisations through this challenge and playing a critical part in business continuity and planning for recovery.

TODAY'S HEADLINES

Large crowds to congratulate MR

08 Aug 2020

SLPP wins record-breaking 145 seats

08 Aug 2020

Not satisfied with election result: NPP

08 Aug 2020

Constitutional changes only after much thought: SLPP

08 Aug 2020