Dankotuwa manufactures customized steam inhalers for homes and healthcare enterprises

Dankotuwa Porcelain PLC, renowned for its luxurious and elegant porcelain tableware introduced the all new customized steam inhaler which is ideal for individuals affected by respiratory tract infections including COVID-19.

SLIC pays tribute to heroes in battle against COVID-19

The national insurer, Sri Lanka Insurance, has taken many initiatives to pledge support to the government initiatives in the prevention of the spread of COVID-19.

Fonterra to support communities in the fight against COVID-19

Multiple initiatives are underway by Fonterra Brands Sri Lanka, the company behind Anchor, to support the country’s efforts to combat the COVID-19 pandemic and help sustain affected communities.

Maliban supports IDH Hospital during battle against pandemic

In aim to contribute towards the combat of the ongoing COVID-19 pandemic, Maliban Biscuits recently donated special cold storage facilities and highly essential medical equipment to treat infected patients, at the National Institute of Infectious Diseases Hospital (IDH).

CCC to hold webinar on ‘Planning for the unpredictable’ with Fahad Farook

How can you plan for the unpredictable? Join the Chamber Academy for a webinar with international trainer, certified transformative coach, and motivation specialist Fahad Farook on Planning for the Unpredictable, this Friday from 10 a.m. to 11 a.m.

CB Governor sees stronger pushback against neoliberal order post-COVID-19

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 world order during the last half-century could be shaken and withered away once the world overcomes the pandemic.

SMEs urged to capitalize on recently introduced import controls

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 Micro, Small and Medium Industries (COSMI) stressed.

Rubber sector receives govt. nod to‘re-start’ operations

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.

Rubber sector receives govt. nod to‘re-start’ operations

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.

Stock markets extend rally on virus fight hopes

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.

Survey shows bright prospects for working from home

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.

COYLE makes suggestions on relief measures for businesses

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 from the coronavirus pandemic.

Priyantha Talwatte takes over reins as NTB CEO

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.

Omega Line to donate 400,000 protective wear to battle COVID-19

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 400,000 safety masks to frontline healthcare workers in the fight against the infectious disease.

CCC webinar to assist SMEs to adapt, overcome COVID-19 challenges

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).

SLIIT offers next generation online learning

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 Sri Lanka.

THASL thanks govt. for speedy action

The Hotels Association of Sri Lanka (THASL) in a statement has thanked the government for helping the tourism industry and other stakeholders of the private sector during the evolving economic crisis as a result of the COVID19 pandemic.

Govt. and Uber Eats partner to deliver essential supplies

The government of Sri Lanka and Uber are joining forces to deliver essential supplies as part of efforts to slow the spread of COVID-19 in the country.

ComBank deploys mobile units in areas under curfew to offer access to cash

The Commercial Bank of Ceylon of Ceylon has announced it is deploying its ‘Bank-on-Wheels’ Mobile ATM units in areas where curfews are in force, to provide urgently needed access to cash to members of the public.

Jaguar and Land Rover deploy global fleet to support emergency response partners during COVID-19 crisis

Jaguar and Land Rover have deployed more than 160 vehicles globally to support emergency response organisations during the coronavirus crisis.

People’s Bank group, Pensioners Association strengthen COVID-19 Healthcare and Social Security Fund

Financial donations were made to strengthen the COVID-19 Healthcare and Social Security Fund by the People’s Bank group and People’s Bank Pensioners Association, at the President’s Office, on March 31, 2020.

March inflation eases to 5.4% on lower food prices

The headline inflation measured by the Colombo Consumer Price Index (CCPI) moderated in March after peaking in February on lower food prices.

Norway’s wealth fund to liquidate assets due to COVID-19 impact

Fund had US $ 114.4mn worth of Lankan equity investments as at end of last year

Bangladeshi apparel sector faces US $ 6bn hit from COVID-19

Bangladesh, the second-largest apparel producer after China, is set to lose roughly US $ 6 billion in export revenue this financial year amid cancellations from some of the world’s largest brands and retailers, two major industry bodies said on Tuesday.

CSE offers guidance to listed firms on hosting AGMs amid COVID-19 outbreak

The Colombo Stock Exchange (CSE) yesterday provided guidance for listed companies on hosting the Annual General Meetings (AGMs), amid the coronavirus pandemic.

ADB, UNICEF join forces to supply emergency medical equipment to support SL’s COVID-19 response

A US $ 100,000 (Rs.18.17 million) grant from the Asian Development Bank (ADB) has funded the purchase of emergency medical supplies through the United Nations Children’s Fund (UNICEF) in support of Sri Lanka’s ongoing response to the novel coronavirus (COVID-19) pandemic.

Brandix rolls out cost-cutting initiatives to stay afloat

Sri Lanka’s largest apparel exporter Brandix Lanka Ltd (BLL) is rolling out several substantial cost-cutting initiatives, including up to 60 percent pay cuts for executive cadre and board members foregoing compensation for a period of six months, to stay afloat, as the cash flows dry out due to the adverse impacts stemming from the COVID-19 pandemic.

Eased liquidity standards and capital reprieve for finance firms to support virus-hit sectors

A day after the Monetary Board eased capital, regulatory and reporting rules on the banking sector, more or less similar relaxed rules have been offered to finance companies, including a lower floor for mandatory liquidity maintenance, to obtain their support to provide relief to the affected businesses and individuals from the COVID-19 crisis.

Italy’s biz lobby sees GDP shrinking 6%

Italy’s business lobby Confindustria said yesterday it forecasts a severe recession in 2020, with the country’s GDP dropping by six percent if the acute phase of the coronavirus outbreak is over by the end of May.

Huawei posts strong growth but warns ‘most difficult year’ ahead

Huawei said yesterday it had sustained solid growth in its global businesses in 2019 despite a US campaign to isolate the Chinese tech giant, but warned of its “most difficult year” ahead.