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Seylan Bank records Rs.1Bn PAT in 2021 Q1 despite Covid challenges
Seylan Bank made a steady start in 2021 by posting a Profit After Tax (PAT) of LKR 1Bn in Q1 2021 amidst macro-economic challenges brought in by the COVID-19 pandemic. Statement of Financial Performances Interest income recorded a decline due to the lower interest rates and moderate book growth but net interest margin showed a […]
NCPI based inflation increased to 5.1-pct in March 2021
Headline inflation as measured by the year-onyear (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 5.1 percent in March 2021 from 4.2 percent in February 2021. This was due to the statistical effect of the low base prevailed in March 2020. Meanwhile, Food inflation (Y-o-Y) increased to 8.8 percent in March […]
Eran in Parliament: Govt. usurps judicial power to decide the merits and demerits of the court cases
The Commission of Inquiry on political victimization was appointed in January 2020 and the report to President was given in December 2020. Thereafter Cabinet approval was obtained and another special Presidential Commission of Inquiry was appointed. Furthermore, we saw on the 09th of April a resolution brought to Parliament stating that things that should be […]
SL participates in region-wide activity to consolidate joint COVID-19 cooperation
Foreign Minister Dinesh Gunawardena participated in a joint video conference on COVID-19 response involving his counterparts from China, Afghanistan, Bangladesh, Nepal and Pakistan recently. The discussions focused on consolidating COVID-19 response cooperation and promoting post-pandemic economic recovery as well as poverty alleviation amidst the recent spike in COVID-19 infections. During his remarks, Minister Gunawardena underlined […]
World Bank approves USD80.5Mn additional financing to help SL access to COVID-19 vaccines
The World Bank today approved $80.5 million additional financing to help Sri Lanka access and distribute fairly COVID-19 vaccines and to strengthen the country’s vaccination system and pandemic response. This additional finance builds on the $217.56 million Sri Lanka COVID-19 Emergency Response and Pandemic Preparedness Project, which was approved in April 2020. This new financing will […]
Facebook partners with Health Ministry to support vaccine rollout in Sri Lanka
Facebook has partnered with the Health Promotion Bureau (HPB) of the Ministry of Health in Sri Lanka to announce a campaign to help people get vaccinated and increase vaccination intent as access to the COVID-19 vaccine expands in the country. Through this initiative, Facebook is taking several steps to support the nationwide vaccine campaign in […]
VIDEO: Bill Gates says NO to sharing vaccine formulas to developing world
The Global Elites want to keep vaccine patents locked. The US remains non-committal on waivers. Now, Bill Gates has said no to lifting patents to share vaccine formulas with the developing world.
VIDEO: WHO says rush to hospitals worsens India COVID crisis
The World Health Organization says three new COVID-19 variants that are present in India may have contributed to its latest surge. It also says large public gatherings may be to blame for the crisis. A devastating second wave is overwhelming India’s hospitals and crematoriums, with more than 300,000 cases reported for the sixth consecutive day.
President and Chinese Defence Minister hold bilateral discussions
The official meeting between Chinese State Councilor and Defence Minister General Wei Fenghe who is on a two-day official visit to Sri Lanka and President Gotabaya Rajapaksa was held at the Presidential Secretariat today. The Chinese Defence Minister who arrived at the Presidential Secretariat was received by Secretary to the President P.B. Jayasundera and Foreign […]
World Bank approves USD 80.5mn additional financing for fair deployment of COVID-19 vaccines
The World Bank has approved $80.5 million additional financing to help Sri Lanka access and distribute fairly COVID-19 vaccines and to strengthen the country’s vaccination system and pandemic response. This additional finance builds on the $217.56 million Sri Lanka COVID-19 Emergency Response and Pandemic Preparedness Project, which was approved in April 2020. This new financing […]