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‘s path to resurgence?
The European Union is discussing economic stimulus measures. EU finance ministers are due to meet today for talks on how to stave off a recession. Angela Merkel has pledged Germany’s support and member states battered by the coronavirus are desperate to get the money flowing.But there’s fierce debate over how to do that.
SL weak public finances will exacerbate economic shocks from COVID-19
By Fellows of the Advocata Institute Sri Lanka’s shaky public finances are about to receive another blow from the fallout of Covid-19. The most crucial aspect of a pandemic is always the human cost, but the spread of the virus has important repercussions for the economy. Studies indicate that pandemic impacts a country’s economy through […]
Sri Lanka : COVID -19 update
Apr 08, 2020 (LBO) – According to the World Health Organisation in Sri Lanka 180 people have tested positive with 38 people having recovered and 5 deaths reported. As cases start to climb in the South-East Asia Region, the Regional Director Dr Poonam Khetrapal Singh held a virtual meeting with Health Ministers of the Region […]
Coronavirus sinks global growth prospects for 1H 2020: The Economist Intelligence Unit
Apr 08, 2020 (LBO) – The coronavirus pandemic is a game-changer, and we now expect global output to contract by 2.5 percent this year—an even deeper contraction than during the global financial crisis, a report by The Economist Intelligence Unit said. The negative effect on growth will come via both demand and supply channels. On […]
Dankotuwa Porcelain makes steam inhalers fit for homes & healthcare establishments
Dankotuwa Porcelain PLC, renowned for its luxurious and elegant porcelain tableware introduced the all new customized steam inhaler which is ideal for individuals affected by respiratory tract infections including COVID-19. Designed and advised by Dr. Charith Nanayakkara, this modified steam inhaling device will be made available at hospitals and quarantine centers currently providing medical care […]
First bunkering ship discharges low sulphur fuel at Hambantota Intl. Port
Apr 08, 2020 (LBO) – Bunkering vessel Mt. Melody docked at the Hambantota International Port (HIP) last week to discharge approximately 25,000 MT of oil into the port’s newly furbished tanks. With the first shipment of Very Low Sulphur Fuel Oil (VLSFO) 380 CST in their tanks, HIP will soon begin bunkering for ships that […]
‘ risks to persist despite regulatory measures: Fitch Ratings
Apr 08, 2020 (LBO) – Fitch Ratings believes that the extraordinary regulatory measures announced by the central bank – focusing on the relaxation of capital expectations and classification of loans for banks – should relieve immediate pressure on the banks’ financial profiles, but will not prevent medium-term deterioration. Statement from Fitch Ratings Fitch recently revised […]
Sri Lanka introduces new mechanism to issue curfew passes
Apr 07, 2020 (LBO) – Sri Lanka’s Government has implemented a new mechanism to issue curfew passes. It has been observed that excessively number of people gather at Police Stations to obtain curfew passes during curfew periods. Such large gathering of people is a major hindrance to Coronavirus mitigation activities. In this context, under the […]
CIM announces significant changes to its Chartered status
Apr 07, 2020 (LBO) – The Chartered Institute of Marketing (CIM) has announced significant changes to its Chartered status, the marketing industry’s most prestigious accreditation. The changes represent a shift in the skills required of marketers today and will provide businesses with an up to date indicator when it comes to appointing qualified marketing talent. […]
WhatsApp introduces limit to message forwarding
With billions of people unable to see their friends and family in person due to COVID-19, people are relying on WhatsApp more than ever to communicate. People are talking to doctors, teachers, and isolated loved ones via WhatsApp during this crisis.That’s why all your messages and calls on WhatsApp are end-to-end encrypted by default to […]