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 […]

‘s Central Bank simplifies foreign exchange regulations

Sri Lanka’s Central Bank has revised regulations issued under the Foreign Exchange Act, No. 12 of 2017 (FEA) for further simplification and clarity improvement. The move expects to achieve greater efficiency in the conduct of cross-border foreign exchange transactions alongside further facilitating economic activities of the stakeholders through greater convenience of doing business. The revised […]

Sarvodaya Development Finance embraces digitalization with Finetech Consultancy

During the recent global pandemic and ensuing lockdown periods businesses realized the importance of digitalization and embracing digital platforms to better serve their customers. As the world moves into the post-pandemic “new normal”, consumers themselves are looking for smarter, more efficient and convenient ways to go about their lives. Understanding this new paradigm shift is […]

Importation of chemical fertilizers will soon be stopped completely, says President

President Gotabaya Rajapaksa stressed that the importation of chemical fertilizers will be completely stopped in the near future. The usage of chemical fertilizers leads to a better harvest. However, the negative consequences caused on human lives through pollution of lakes, canals and groundwater due to the chemical fertilizers outweigh the profit. The health sector has […]

SriLankan Airlines launches flights to Nairobi

SriLankan Airlines will commence flight operations to Nairobi in Kenya, its second destination in East Africa after flying to the Seychelles. Scheduled flights would commence today (22nd April 2021) between Bandaranaike International Airport (BIA) and Jomo Kenyatta International Airport (NBO), East Africa’s largest and busiest airport. Accordingly, SriLankan Airlines would commence its flights to Nairobi […]

Standard Chartered Sri Lanka gets AAA(lka) Fitch Rating with Stable Outlook

Standard Chartered Sri Lanka’s National Long-Term Rating has once again been affirmed at ‘AAA(lka)’ by Fitch Ratings Lanka with a Stable Outlook. According to a statement by Fitch Ratings, the Bank’s support-driven credit profile is among the strongest in the country’s rated entities, and as a result, the rating is at the highest end of […]

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