This is despite economy being rated mostly ‘unfree’ Country’s overall score increases by 1 point due to higher fiscal health score Ranked 24th among 42 countries in Asia–Pacific region Nine of SL’s 12 Index indicators below global average levels Sri Lanka moved up in Heritage Foundation’s world Economic Freedom Index 2020 by three spots to 112th position, although, the … [Read more...] about Daily Mirror – SL moves three spots up to 112th position in world Economic Freedom Index
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Daily Mirror – COVID-19 compounds stress on Sri Lankan banks: Fitch Ratings
But says adequate capital buffers built over last 3 years to help withstand near term risks Says temporary restrictions on declaring cash dividends to help banks’ capitalisation levels in near term The adequate capital buffers built, specially during the last three years, will soften the negative impacts on the banking sector stemming from the new coronavirus-driven … [Read more...] about Daily Mirror – COVID-19 compounds stress on Sri Lankan banks: Fitch Ratings
Daily Mirror – CB’s top researcher reveals how external agencies forecast doomsday scenarios
Central Bank’s top researcher recently revealed how external agencies, including that of the World Bank, International Monetary Fund (IMF) and rating agencies project doomsday scenarios for the Sri Lankan economy even when the country is rapidly returning to normalcy after the COVID-19 outbreak.Earlier this week the World Bank projected a deeper recession for the Sri … [Read more...] about Daily Mirror – CB’s top researcher reveals how external agencies forecast doomsday scenarios
Daily Mirror – Lankan gig economy lacks level playing field as foreign players not subject to local regulations and tax laws
The Sri Lankan gig platforms are at a disadvantage over their foreign counterparts, who have their operations here, as the former comes under regulatory scrutiny and local tax laws while the latter is not, says the Central Bank.While the issue has come under some scrutiny in the past, regulatory or policy redress did not come about either due to authorities’ … [Read more...] about Daily Mirror – Lankan gig economy lacks level playing field as foreign players not subject to local regulations and tax laws
Daily Mirror – President appeals for “unconditional” budget support from intl. lenders to revive economy
President Gotabaya Rajapaksa Says multilateral and bilateral official creditors have “special responsibility” to be innovative to create such space Stresses that leading agencies and leaders should act fast “without” placing conditionalities Tells intl. community such support will help restore confidence, re-energise growth and investments By Shabiya Ali … [Read more...] about Daily Mirror – President appeals for “unconditional” budget support from intl. lenders to revive economy
Daily Mirror – New face of hunger: Building a resilient food system in Sri Lanka in an age of pandemic
COVID-19 is dealing an unprecedented blow to economies around the globe and the health risk is only the tip of the iceberg. Among the many impending crises resulting from the pandemic, rising food insecurity, due to the lockdown measures, is one of the most critical. The 2020 Global Report on Food Crises highlights that the pandemic is likely to limit access to … [Read more...] about Daily Mirror – New face of hunger: Building a resilient food system in Sri Lanka in an age of pandemic
Daily Mirror – Sampath Bank 1Q20 indicates economy was gathering steam before pandemic
Sampath Bank’s interim results released for the March quarter (1Q20) showed that the economy was gathering steam from the lower interest rates and tax cuts, as the loans had begun to rise and earnings got a boost before it hit a wall when the country went to lockdown to prevent the spread of China-originated COVID-19. Sampath Bank, the third largest private lender by … [Read more...] about Daily Mirror – Sampath Bank 1Q20 indicates economy was gathering steam before pandemic
Daily Mirror – JKH expects economic fallout from COVID-19 to overshadow first half
Says has enough cash reserves and bank facilities to sustain operations Group’s flagship project Cinnamon Life expects slowdown in sales momentum Retail business to bolster online operations to tackle new normal in consumer behaviour Sri Lanka’s largest listed firm, John Keells Holdings PLC (JKH) expects the COVID-19 pandemic to overshadow its first and second … [Read more...] about Daily Mirror – JKH expects economic fallout from COVID-19 to overshadow first half
LEN – www.lankaenews.com | Sri Lanka’s Response to Covid-19 (Status Statement
Sri Lanka's Response to Covid-19 (Status Statement - 4) By The Alliance of Independent Professionals (Lanka-e-News- 28.April.2020, 11.30 PM) 1. Health Response (i) Testing and Morbidity Despite mounting pressure from public health experts, Sri Lanka’s pace of COVID-19 testing is one of the lowest of any country with an active outbreak. From the onset of the pandemic, health … [Read more...] about LEN – www.lankaenews.com | Sri Lanka’s Response to Covid-19 (Status Statement
Daily Mirror – Post COVID-19 tourism and Sri Lanka’s readiness, is this the time for female entrepreneurs to enter the homestay market?
By Shayanika Fernando & Nadeeka WataliyaddaCOVID-19 is causing catastrophic damage globally and the world is in lockdown. Without even a missile being fired it seems like the world is at war. People are violently sick, dying, healthcare systems are stretched to the maximum and even first world countries seem unable to cope with the speed at which the virus is … [Read more...] about Daily Mirror – Post COVID-19 tourism and Sri Lanka’s readiness, is this the time for female entrepreneurs to enter the homestay market?