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‘s tourism industry
Kimarli Fernando, Vipula Gunatilleka, Sanath Ukwatte, Mahen Kariyawasam and Murtaza Jafferjee will discuss the impact of COVID-19 on Sri Lanka’s Tourism Industry. The discussion covered the current challenges faced by the tourism industry and route to recovery. Link to introductory presentation here: https://www.advocata.org/…/online-discussion-on-the-impact-…
SL appoints Presidential task force on economic revival and poverty eradication
Apr 23, 2020 (LBO) – President Gotabaya Rajapaksa has appointed a Presidential Task Force in charge of Economic Revival and Poverty Eradication. It has been established under the powers vested in the President by the Constitution. The Task Force is responsible for reviving the economy and eradication of poverty while paying special attention to the […]
‘s three-wheelers
Thisali de Silva and Nisha Arunatilake Sri Lanka has been under curfew since mid-March to contain the spread of COVID-19. As a result, economic activities throughout the country have stalled. A recent IPS blog identified that non-agricultural, informal workers were highly affected by this pandemic. This blog illustrates how the ongoing curfew is impacting three […]
Chair of SL Tourism requests banks and fin institutions to give full support to industry
Apr 23, 2020 (LBO) – Sri Lanka Tourism plans for an early revival post-COVID-19, as the country starts opening up gradually from this week. A major step was the Cabinet approval of the critical five-year global promotion initiative last week and plans are underway to finalize the Terms of Reference and appointment of the Procurement, […]
Toyota Lanka goes digital with Toyota Sure & improved Service App
Toyota Lanka (Pvt) Ltd, the sole authorized distributor for Toyota vehicles and genuine spare parts in Sri Lanka, recently launched a comprehensive website for Toyota Sure certified vehicles which are approved by Toyota Motor Corporation and exported to Sri Lanka. The “Toyota Sure” website will be a platform for interested buyers to purchase authorized used-Toyota […]
‘s headline inflation decreased in March
Apr 22, 2020 (LBO) – Sri Lanka’s headline inflation as measured by the year-on-year change in the National Consumer Price Index has decreased to 7.0 percent in March 2020 from 8.1 percent in February 2020. As per the Statistics Department, this was driven by a monthly decrease in prices of the items in the Food […]
Sri Lankan consumer retail, construction, hotels most affected: Fitch Ratings
Apr 22, 2020 (LBO) – Fitch-rated Sri Lankan corporates in consumer goods retail, construction and hotels will be among the most affected by the coronavirus pandemic in Sri Lanka, says Fitch Ratings. Full statement Companies in consumer goods retail and construction-related activities also have lower rating headroom than in most other sectors. The ultimate impact […]
HSBC supports World Vision’s COVID-19 response
HSBC partnered with World Vision to provide dry ration packs to the most vulnerable families affected by the current emergency situation in the country, due to COVID-19. The project is being carried out as part of World Vision’s new match funding initiative ‘Every rupee you give is doubled’ – where the humanitarian organization will match […]
”; Outlook stable
Apr 21, 2020 (LBO) – Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka Branch’s (SCBSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS The affirmation reflects Fitch’s expectation of a high probability of support from parent, Standard Chartered Bank (SCB: A+/Negative/a), if required, subject to any regulatory constraints on […]
SriLankan Airlines special flights to bring back stranded in India, Pakistan and Nepal
Apr 21, 2020 (LBO) – SriLankan Airlines will operate special flights from India’s Amritsar, Coimbatore, Pakistan’s Karachi, Lahore and Nepal’s Kathmandu to bring home 433 Sri Lankan students who have been stranded overseas due to the prevailing travel restrictions imposed in view of the COVID 19 pandemic. These special flights are being operated as part […]