Category: Industry
Opinion: Building wealth amid COVID-19
By Blue Ocean Group of Companies Time in the Market Is Better Than Timing the Market The COVID-19 pandemic has swept across the world, not merely spreading disease but diffusing tough luck for the global economy, global health, our communities, our economies and our investments in a forceful defensive stance. Hastily the real estate and […]
Advocata commends increase in testing: Calls on Govt to review purchasing tests
Apr 27, 2020 (LBO) – The Advocata Institute has previously highlighted the importance of expanding testing capacity with the engagement of the private sector. The government’s decision to increase the country’s testing capacity to 1000 tests a day, by utilising the capacity that exists in private hospitals is commendable. On the 22nd of April, the […]
Dialog Axiata pledges Rs. 200Mn for ICU capacity development
Apr 26, 2020 (LBO) – Dialog Axiata pledged 200 million rupees for urgently required ICU capacity development in hospitals selected by the Ministry of Health (MOH). This will be utilised for expanding healthcare systems to provide critical care services and provide accessibility to intensive care for patients. There is an ever-increasing requirement to expand the […]
Hambantota Port urges importers to clear vehicles without delay
Apr 25, 2020 (LBO) – Hambantota International Port (HIP) is ready to move over five thousand vehicles out of the port in the next few days, following a directive by the government that the port should remain clear for essential services. Full statement HIP had previously informed all stakeholders, in their letter, that demurrage costs […]
Union Bank to cease its operations as a Primary Dealer
Apr 24, 2020 (LBO) – Monetary Board of the Central Bank of Sri Lanka has granted approval for Union Bank of Colombo to cease its operations as a Primary Dealer with effect from 01 May 2020. Union Bank will continue to function as a Dealer Direct Participant in the LankaSettle system and transact in scripless […]
Webinar on handling personal stress of employees and customers
The Chamber Academy of the Ceylon Chamber of Commerce will be hosting a webinar with licensed psychologist, George F. Rhoades Jr. Ph.D, on how to handle personal stress, and the stress of employees, customers, and clients in a time of natural disaster. Whether teams are working remotely or practicing social distancing in the office, overall […]
Sri Lanka missions abroad seek to re-position exports to meet new market conditions
Foreign Secretary Ravinatha Aryasinha has observed that even as the Foreign Ministry was preoccupied with endeavouring to mitigate a multitude of problems faced by Overseas Sri Lankans, it was in parallel also seeking to re-position Sri Lanka’s exports in the context of market conditions that have arisen as a result of the COVID-19 crisis. He […]
‘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, […]
”; 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 […]