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“Exporters optimistic about new market opportunities” new USAID survey
Jun 19, 2020 (LBO) – “Sri Lankan exporters are cautiously optimistic about business continuity amidst a global pandemic,” reveals the findings of a new business survey conducted by the Ceylon Chamber of Commerce (CCC) and the United States Agency for International Development (USAID). A significant number of the firms surveyed had identified new business opportunities […]
Fitch revises outlooks of HNB Assurance, HNB General Insurance to stable
Jun 19, 2020 (LBO) – Fitch Ratings has revised the rating Outlooks of Sri Lanka-based life insurer HNB Assurance PLC (HNBA) and its fully owned non-life subsidiary, HNB General Insurance Limited (HNBGI), to Stable from Positive. In addition, Fitch has affirmed the National Insurer Financial Strength (IFS) Ratings of HNBA and HNBGI at ‘A(lka)’. KEY […]
Developing Asia to grow just 0.1-pct in 2020:ADB
Jun 19, 2020 (LBO) – Developing Asia will barely grow in 2020 as containment measures to address the coronavirus disease (COVID-19) pandemic hamper economic activity and weaken external demand, according to a new set of forecasts from the Asian Development Bank (ADB). In a regular supplement to its annual flagship economic publication, the Asian Development Outlook (ADO) 2020 released in […]
President Xi applauds Sri Lanka’s successful fight against COVID-19
Jun 19, 2020 (LBO) – The Acting Ambassador for China Hu Wei met with President Gotabaya Rajapaksa Thursday at the Presidential Secretariat. He brought a letter from President Xi Jinping wishing President Gotabaya for his upcoming birthday on June 20. The Chinese delegation also conveyed President Xi’s deep appreciation of Sri Lanka’s successful efforts to […]
VIDEO: Milton Friedman – Stimulus and Inflation
Professor Friedman connects the dots between stimulus spending and inflation, then explains why the cure for inflation is a hard medicine.
Utilize reliefs given by Central Bank to strengthen economy: President tells State Banks
Jun 18, 2020 (LBO) – President Gotabaya Rajapaksa has emphasized that it is the responsibility of state banks to utilize the reliefs provided by the Central Bank to strengthen the economy and the people, affected by COVID 19 pandemic. The global economies have been hit hard by coronavirus.As such all types of businesses including agriculture, […]
ComBank’s Flash & PickMe collaborate to offer contactless payment via QR code
The Commercial Bank of Ceylon has announced that its ‘Flash’ digital account holders can now pay digitally for their rides with taxi service PickMe thanks to a convenient QR code upgrade that minimises contact with the driver. This touch-less and cash-less payment option is made possible by the Bank’s recent partnership with PickMe and the […]
Uber Eats provides dry rations worth Rs.8.5Mn million to low-income families
Jun 17, 2020 (LBO) – Uber Eats, in partnership with the Government of Sri Lanka and the Voice for Voiceless Foundation, is distributing LKR 8.5 million worth of dry rations across the country to support low-income communities during the COVID-19 pandemic. This initiative is being carried out as part of Uber’s global pledge to provide […]
Crescat Boulevard mall be revamped
Jun 17, 2020 (LBO) – Asian Hotels and Properties PLC (AHPP) announced that it would be moving forward with major investments towards the refurbishment of Crescat Boulevard. First opening its doors in 1997, Crescat Boulevard was a pioneering development at the time, and soon became an iconic location in Colombo. It was the very first […]
” launches Equity Fund & Money Market Fund
Jun 17, 2020 (LBO) – Softlogic Invest, the Asset Management arm of Softlogic Capital, recently launched two unit trusts or mutual funds – Softlogic Equity Fund and Softlogic Money Market Fund after obtaining the license from the Securities Exchange Commission of Sri Lanka (SEC). Capitalizing on the existing expertise coming in via the Softlogic financial […]