Fort, Pettah, Slave Island and Maradana among five more Police jurisdictions in Colombo isolated Move comes with high numbers of COVID-19 patients detected in Colombo From 392 COVID-19 cases identified on Saturday, 205 were detected from Colombo District By Shailendree Wickrama AdittiyaThe Government has imposed lockdown from today in Fort, Pettah, Maradana, Slave … [Read more...] about COVID-19 isolates heart of city
FT
Economic expectations and prospects post 2020
Prime Minister Mahinda Rajapaksa with President Gotabaya Rajapaksa COVID-19 has triggered the deepest global recession in decades. While the ultimate outcome is still uncertain, the pandemic will result in economic contractions across the vast majority of emerging markets and developing economies. It will also do lasting damage to Human Resource productivity and potential … [Read more...] about Economic expectations and prospects post 2020
Rs. 700 b eyewash to show lower budget deficit: Harsha
SJB Parlimentarian Dr. Harsha de Silva holds up the Appropriation Bill 2020 at the press conference yesterdaySays numbers in multiple VoAs and Appropriation Bill do not match Alleges Govt. playing with numbers to show a lesser budget deficit for 2020 by transferring Rs. 700 b in expenses to 2019 accounts Seeks Auditor General clarification on budgetary figures via … [Read more...] about Rs. 700 b eyewash to show lower budget deficit: Harsha
Sri Lanka Economic Virtual Summit 2020 brings together top international thought leaders
The 20th Sri Lanka Economic Summit organised by the Ceylon Chamber of Commerce will be held on 1 and 2 December in a virtual format for the first time in its history. The theme of the Summit is ‘Roadmap for Take-Off: Driving a People-Centric Economic Revival’. The country’s foremost economic summit will see key policymakers, business leaders as well as the input of top … [Read more...] about Sri Lanka Economic Virtual Summit 2020 brings together top international thought leaders
Mahinda pledges economic revival | Daily FT
Prime Minister Mahinda Rajapaksa during the Second Reading debate of Appropriation Bill 2020 in Parliament yesterday Speaking at debate of Appropriation Bill 2020 in Parliament says Govt. will change disastrous socio-economic path of Yahapalanaya Blames last Govt. for stalling growth on all fronts Says Govt. committed to reduce income expenditure gap to 4% of GDP by … [Read more...] about Mahinda pledges economic revival | Daily FT
COVID-19 currents curtail Colombo Port
Growing number of virus cases challenges seamless operations Employees of State-run JCT hit by dozens of patients, 200 self-quarantined, 1,000 PCR tested Industry concerned, says at least 35 ships have bypassed port in recent weeks SLPA says situation being tackled, private sector workers and retired personnel being drafted to replace sick workers Expects situation … [Read more...] about COVID-19 currents curtail Colombo Port
Dual cluster tops 11,000 cases, with 430 new cases
Total confirmed count rises to 14,715, including 5,137 active cases Hospitals discharged 657 persons, recoveries rise to 9,537 Three SSPs appointed to monitor spread of COVID-19 in Colombo City Investigations into origin of Divulapitiya cluster ongoing: Police 460 COVID-19 cases identified among Police officers undergoing quarantine By Shailendree Wickrama … [Read more...] about Dual cluster tops 11,000 cases, with 430 new cases
Debt moratorium extended by six more months
Business at standstill. The view of normally bustling 2nd Cross Street in Pettah during the quarantine curfew imposed last week. File photo Freeze on capital and interest till 31 March 2021 Central Bank issues latest directive to all licenced commercial and specialised banks and Non-Bank Financial Institutions following spread of second wave of COVID-19 Extension can be … [Read more...] about Debt moratorium extended by six more months
CSE takes key steps to boost listings
Streamlines approval process and submission requirements Introduces ‘Single Window’ approach to assist companies looking to list on the CSE Plans online tracking tool for companies to gain more transparency of listing processCSE Chairman Dumith Fernando In a major step, the Colombo Stock Exchange (CSE) has launched an action plan to address key areas … [Read more...] about CSE takes key steps to boost listings
Saubagya loan grace period extended by 3 months: CB
Central Bank of Sri LankaGrace period of 4% working capital loans increased from 6 to 9 months Recipients requested to write to relevant banks for extension Monetary authority says decision due to second COVID-19 wave Saubagya scheme has a repayment period of 2 years Over 61,000 businesses have received assistance worth Rs. 177 b The Central Bank yesterday extended the … [Read more...] about Saubagya loan grace period extended by 3 months: CB
