sri lanka news

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

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

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

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

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

 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