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Wed, 08 Apr 2020
The Colombo Tea Auction saw high demand for teas in its first-ever online auction kicked off last Saturday with prices soaring across all types of teas amid an uptick in global tea consumption.
As COVID-19 is expected to alter everything from geo-politics to national security to trade and industrial policies of countries, the Central Bank Governor Prof. W.D. Lakshman says the neoliberalism— the economic system, which shaped much of the wo
Sri Lanka’s SME sector led by agri-SMEs is urged to seize the opportunity to thrive from the recent announcement banning and restricting imports of non-essential items, which is aimed at restricting forex outflows, Sri Lanka’s Confederation of Mi
The local rubber manufacturing and export industry has received the nod from the government this week to kick start operations, a step taken towards getting the halted supply chains back on track.
Global stock markets rallied yesterday as investors seized on signs of a slowdown in the spread of the coronavirus, while some governments began making plans to ease restrictions.
Nearly half of those who have no choice but to work from home have said they feel more productive than before and almost 90 percent remain indifferent to the arrangement as their productivity levels remain more or less the same.
Sri Lanka’s Chamber of Young Lankan Entrepreneurs (COYLE) seeks key financial policy and tax policy amendments with financial and tax moratorium relief programmes for the revival of the country’s businesses, which faces adverse impacts stemming f
Nations Trust Bank (NTB) announced that Priyantha Talwatte has taken over the reins as Chief Executive Officer, succeeding former Director/Chief Executive Officer Renuka Fernando.
With the country facing many challenges during these unprecedented times as the novel coronavirus (COVID-19) continues to expand, the Omega Line group, which operates under the flagship of Italy-based Calzedonia S.p.A, has stepped in to donate 400,00
In assisting small and medium enterprises (SMEs) to adapt to a post-COVID-19 world, the Ceylon Chamber of Commerce (CCC) is hosting a webinar for SMEs this Thursday (April 9).
The Sri Lanka Institute of Information Technology (SLIIT) opened the doors for all its students from all five faculties of the university, to attend a virtual campus on March 18 this year, creating a milestone in the history of higher education in Sr
As of April 6, 2020, there are 177 confirmed cases and five deaths attributed to the coronavirus (COVID-19) in Sri Lanka. These are impressive statistics relative to those in many other countries affected by COVID-19. Physical distancing is the key t
According to CNN, the coronavirus (COVID-19) is now in 85 countries. This is despite four countries still accounting for 97 percent of COVID-19 cases. The COVID-19 epidemic has now forced nearly one-third of the world’s population into lockdown. It
The fact that we live in a truly global economy is impelled every time the world is confronted with a significant disaster affecting millions of lives and world economies. In 2002, when a lethal pneumonia-like virus known as SARS emerged in China, it
COVID-19, has bought the world to stand-still. It has also highlighted certain elements that the humans have lapsed with
With the inability of customers to carry out regular banking activities as a result of the curfew imposed to combat the Coronavirus, People’s Bank has launched
With the widespread threat of COVID-19 around the world, many employees are now working from home and organizations are rushing to embrace technology to
With the country facing many challenges during these unprecedented times as the novel coronavirus (COVID-19) continues to expand, Omega Line Group
Working in strict alignment with guidelines set by health officials to combat the COVID-19 pandemic, the Hayleys Plantations sector initiated several
In order to facilitate customers amidst the current lockdown across the country in the battle against Covid-19, Ceylinco General Insurance will continue to provide all essential services to its valued customers without any interruption.
During a time where various different perspectives are coming to light, NDB would like to take a moment to thank the Sri Lanka Air Force for going above and beyond their call of duty in this hour of great need.
In a significant announcement made today, Hutch has started offering its subscribers 100% anytime data packages without any night time quotas.
Despite the negative growth largely expected for the first quarter, the Central Bank does not think the coronavirus pandemic will completely decimate the economy beset by the lockdowns and would still be able to register at least 3.0 percent growth f
Daraz, Sri Lanka’s largest e-commerce platform, ordinarily connects thousands of sellers to millions of consumers across the country. Now, however,
“ A great initiative by two Ride for Ceylon riders, Dr Ghefari & Ramona Dulapandan, who raised funds and together with Dr Changa Kurukularatne (infectious decease specialist) they were able to distribute rations to approx 175 families in the Dehiwe
In what could be termed as the most blunt message issued so far, the Central Bank Governor Prof. W.D. Lakshman today asked banks to pass on the announced relief measures to their customers forthwith or face legal action.
Amidst the on-going online traffic taking place as the coronavirus pandemic forces people to stay indoors, many streaming platforms including Netflix and YouTube will be reducing video quality in Europe and soon will be doing the same globally.
The Monetary Board of the Central Bank has decided to further reduce its key policy interest rates by 25 basis points (bps) in a bid to cushion the impact of COVID-19 to the island nation’s economy.
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