- Many Corporate Companies, organizations contribute to the Health Ministry for Corona prevention and control.
- Hutch Pays Heed to Customer Feedback offering 100% Anytime Data without Night Time Quotas
- The apparel sector equips healthcare workers in the fight against COVID-19
- FCCISL initiates medical donation through CICCPS in Beijing
The Board of Investment (BOI) yesterday said it was ensuring uninterrupted services utilizing skeleton staff for export-oriented manufacturing companies, noting that some enterprises that cater to essential services were functioning with reduced staff.
Huawei, the innovative smartphone manufacturer, recently introduced Huawei Nova 7i adding yet another feature packed device to the Nova line of smartphones that offer more value for a convenient price.
Sri Lanka is facing one of the greatest challenges in its history as it battles the threat of COVID-19. The Government of Sri Lanka is leading the national effort, strongly supported by the nation’s health care workers,
Hemas FMCG donated a large quantity of personal care items to the Sri Lanka Army recently. Over 10,000 assorted bars of Shield soap, and other personal care products including Clogard toothpaste, Clogard smart toothbrushes and Kumarika shampoo were donated to the Sri Lanka Army towards the comfort of the individuals in the Quarantine centers located across the country.
As per the directions issued by the Presidential Secretariat on March 23, 2020, Value added tax (VAT) payments due from corporations for the months of February and March 2020 has been extended up to April 30,2020, the Department of Inland Revenue said.
On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is supporting a joint initiative with SANASA Insurance to provide Sri Lankan farmers with online farming insurance facilities that would eliminate the need for rural farming communities to visit an insurance company or for an agent to visit a farm.
Leading Technology solutions provider Yara Technologies has officially launched ‘Talkative Parents’, a digital platform which connects educational institutes such as schools and pre-schools with parents.
Fitch Revises Sri Lanka’s Banking Sector Outlook to Negative on Coronavirus; Rating Outlook Negative »
Fitch Ratings-Colombo-26 March 2020: Fitch Ratings has revised Sri Lanka's banking sector outlook for 2020 to negative as the coronavirus pandemic poses increased risks to the anticipated expansion in the economy and credit demand, which will adversely affect the performance of the banks.
HSBC, the largest international bank in Sri Lanka, said yesterday it is offering a range of relief measures for its personal and corporate customers given the challenges presented by the ongoing novel-Coronavirus (“COVID-19”) pandemic.
PickMe Food is now delivering LP Gas from Litro and groceries from Sathosa even during the curfew. How to order;
As of 25th March, there are approximately 18,093 international tourists in the country according to immigration authorities; and Sri Lanka Tourism is closely working with the Foreign Ministry and respective embassies/high commissions to arrange necessary facilities.
It is vital to ensure the business continuity of the government during the lock-down situation. Real time information sharing and communication among all key public sector entities, connecting multiple government agencies and employees is an essential need of the hour.
The year-on-year change in the industrial production index for the period of January 2019 to January 2020 was a negative.6 percent. The production of cigarettes, coke and refined petroleum products, and pharmaceutical products has seen substantial declines. The production of wood, textiles, and base metals increased.
Aitken Spence’s holding company Melstacorp PLC has donated medical equipment worth LKR 25 million for a Real-Time Polymerase Chain Reaction (PCR) Laboratory at the National Institute of Infectious Diseases (IDH).
While Sri Lanka is in the midst of a battle to get the COVID-19 disease under control, Serendib Flour Mills, one of the most trusted wheat flour suppliers in Sri Lanka, has assured the general public of its commitment to ensure that there are ample stocks of wheat flour available in the market
After a continuous and ongoing assessment of the situation in the country with relation to the current COVID-19 (new Coronavirus) outbreak, Allianz Life Insurance Lanka Limited has enhanced their care during this time of need.
Hutch offers free daily relief reload of Rs. 15 to all its subscribers to help in mitigating the COVID 19 risk »
Keeping true to its long devotion to the best interests of their customers, HUTCH has today introduced another key initiative ensuring continuity and access to telecommunication services at a time when the country is grappling with the COVID -19 crisis.
Global airlines urged governments yesterday to speed up bailouts to rescue the air transport industry as they doubled their estimate of 2020 revenue losses from the coronavirus crisis to more than $250bn.
Within the backdrop of a curfew, the government has declared banking as an essential service in the country, enabling the public to meet their essential needs.
The Ceylon Chamber of Commerce completed 181 years of serving the private sector and contributing to the national economy, on 25 March 2020.
World Bank Group and the International Monetary Fund Regarding A Call to Action on the Debt of IDA Countries »
The World Bank Group and International Monetary Fund have issued the following joint statement to the G20 concerning debt relief for the poorest countries.
Sri Lanka’s preferred bottled water brand, Aquafresh – a product of Access Natural Waters, announced a benchmark partnership with Eco-spindles, a leading local monofilament producer, in a concerted effort to reduce, recycle and reuse the plastic waste in Sri Lanka.
LONDON/MILAN (Reuters) - Ships and their crews must be able to trade freely with minimal port restrictions to ensure supply lines don't freeze up while the coronavirus shuts down much of the globe, shipping and port officials said on Tuesday.
President Gotabaya Rajapaksa has instructed commercial bank heads to keep their branches open as required. It is a measure for facilitating trade and other important activities, the Media Division of President said.
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1increased to 8.1 per cent in February 2020 from 7.6 per cent in January 2020.
Halting trading of the market due to an extreme decline in a particular index during the day, as a result of the share prices falling rapidly, is a measure that is implemented by stock markets around the world.
The coronavirus pandemic will cause a global recession in 2020 that could be worse than the one triggered by the global financial crisis of 2008-2009, but world economic output should recover in 2021, the International Monetary Fund said on Monday.
As the global pandemic crisis intensifies, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, remains committed to keeping Sri Lanka connected during these challenging times.
Stocks surged on Tuesday as the Dow recorded its largest one-day gain since 1933, driven by expectations of an economic stimulus package from Congress to offset the effects of the Wuhan coronavirus pandemic.
Rubber exporters have made a request from the Government to make it an essential service during this crucial time as the sector provides its products to the medical industry and the agriculture sector.
Online shopping has become a global trend and an integral part of many people’s lives. Both sellers and customers have identified it to be very convenient, as it provides the luxury of ordering items to one’s doorstep and running an e-commerce store at home.
The National Chamber of Exporters of Sri Lanka (NCE) which serves and represents Sri Lankan enterprises in the vital export sector, has appreciated the apt measures initiated by the Government to overcome the challenges the country faces due to the COVID 19 Pandemic.
In view of the extension of the ongoing curfew in the districts of Colombo, Gampaha and Puttalam, the Colombo Stock Exchange has declared the period from 25th to 27th March 2020 as market holidays.
Having marked its initial presence at the Lower Ground Level of the One Galle Face Mall, Shangri-La, Colombo, on November 8, 2019, Beard Papa’s launched its second outlet at Level 3, West Tower, World Trade Centre (WTC), Colombo, on February 14, 2020.
The 7th Annual International TISSL (The International Schools of Sri Lanka) Conference for Heads of Schools; the only annual conference of the nature in Sri Lanka concluded at Marriot Resort and Spa Hotel, Weligama in November.
The 7th Annual International TISSL (The International Schools of Sri Lanka) Conference for Heads of Schools; the only annual conference of the nature in Sri Lanka concluded successfully at Marriot Resort and Spa Hotel, Weligama in November.
Lanka Hospitals, held a certificate awarding ceremony for a group of youth who completed the professional caregiver training programme at the Lanka Hospitals Training Academy. The students who completed the programme are now eligible for employment as professional, independent caregivers in Japan.
Scales up Diviyata Diriya initiative for women and members of other marginalised communities To mark International Women’s Day, Uber Eats today pledged to scale up the number of Sri Lankan women entrepreneurs on its platform from 100 to over 1,000, by the end of 2020 as part of its Diviyata Diriya initiative, which enables equal access to flexible economic opportunities for women and other marginalised communities.
Prima Ceylon (Private) Limited (PCL), the primary producer and supplier of wheat flour in the country, assured that there was no shortage of stocks.
HUTCH supports the Government in Encouraging Work from Home introducing a number of Special Initiatives »
The Government has recognized the importance of isolating the population to stop the spread of the COVID-19 virus by driving Work from Home initiatives.
Since the COVID-19 outbreak began, Emirates and dnata have been adapting operations in line with regulatory directives as well as travel demand.
Environmental degradation occurs daily in Sri Lanka on a wide and unprecedented scale. Citizens face numerous issues due to environmental pollution with no proper mechanism to bring this to the attention of the relevant authorities.
The staff of Pan Asia Bank has come together in support of a worthy cause under the banner ‘Day of Charity’ that is aimed at putting books on the hands of underprivileged children living across Sri Lanka.
HNB Finance underscored its credentials in the digital realm with an imperious performance at the SLT Zero One Awards, sweeping gold awards for the Overall Best Website or Microsite as well as the Best Digital-Integrated Campaign and Best Website or Microsite from the financial sector.
The Government should extend the financial moratorium to all exporters, as merchandise exports will be the first to bounce back after the COVID-19 crisis is controlled, a top official said.
The many layers to the COVID-19 crisis are unfolding in front of our eyes. Our political leaders, financial institutions and global governance structures are being severely tested. Their job is made all the harder by low levels of public trust and broken social contracts in many parts of the world.
President Gotabaya Rajapaksa directs the legal experts and the Department of Prisons to look into ways of granting some relief to the prisoners who were charged with minor offenses and those who are unable to meet their bail conditions.
The Plastics and Rubber Institute of Sri Lanka (PRI) recently entered into a partnership with the Sri Lanka Institute of Information Technology (SLIIT) for the institute’s graduates and undergraduates to be a part of their Finite Element Analysis and Simulation Center (FEAS Center). The Center was established by PRI, to support the industry with the facility to do analysis especially in the area of Finite Elements (FE).
The Lankan Angel Network (LAN) has launched Sri Lanka’s first Angel Fund, established with the support of ecosystem development partner Ford Foundation, to catalyse the growth of Sri Lanka’s startup ecosystem.
Leading infrastructure developer Iconic Developments, developer of Iconic 110 and Iconic Galaxy in Rajagiriya, successfully concluded its stint as the Gold Partner for the largest real estate event the Lanka Property Show 2020.
The Postgraduate Institute of Management (PIM), the Nation’s Management Mentor, strengthened its long-standing relationship with Hemas Manufacturing by conducting an Executive Development Programme (EDP) focusing on the areas that mattered a lot for the company’s overall productivity.
Co-cabinet spokesman Bandula Gunawardane said Sri Lanka will set up a crude oil price stabilization fund to absorb shocks in global price fluctuations without changing the local oil prices.
RPCs commit to increase monthly earnings to Rs. 25,000 with productivity link, Unions yet to agree »
Business News: Breaking its silence on deadlocked proposals around estate sector wages, The Planters’ Association of Ceylon issued a statement clarifying
Coca-Cola sustains its commitment to Water Stewardship with latest water tank rehabilitation project in Monaragala in partnership with ACTED »
Coca-Cola Beverage Sri Lanka (CCBSL) Ltd., along with the Coca-Cola Foundation, partnered with ACTED, the international NGO, in October 2018 to rehabilitate the Samurdhi Tank in Galahitiya village in Monaragala District, Uva Province and therein support the Parakum Farmers’ Organisation (FO) and the Ekamuthu Women’s Farmers’ Organisation (WFO) in Monaragala.
General Motors, Ford and Fiat Chrysler to temporarily close all US factories due to the coronavirus »
Detroit’s Big Three automakers plan to temporarily close all U.S. factories as the coronavirus sweeps across the country.
In line with the Ceylon Chamber of Commerce’s initiative to tackle how the new Coronavirus affects industries and businessmen, the Ceylon Chamber hosted an interactive webinar on COVID-19: Are We Prepared?
Central Bank of Sri Lanka (CBSL) has requested all Licensed Commercial Banks and Licensed Specialised Banks to keep their branches open at least for two (2) hours on the 23rd March 2020 in the areas where police curfew is lifted to provide urgent banking services to the general public.
H One (Pvt) Ltd. -Sri Lanka’s leading full-service digital solutions provider, and IT arm of textile powerhouse Hirdaramani- has announced the launch of the newest module of the Res.Q product suite; an end-to-end program that sets out to optimise the operations of Sri Lanka’s booming apparel manufacturing industry.
Rakuten Viber is doubling the maximum number of group call to 10 participants at once in the wake of coronavirus in Sri Lanka »
With the growing pandemic in the world due to the Covid 19 epidemic, countless people are being quarantined after exposure. Government organizations, health ministries have requested companies to consider adapting a work-from-home scheme to control the spread of the virus, and several have followed suit.
UiPath Named the Market Leader in Zinnov Zones for Hyper Intelligent Automation (HIA) – 2020 Rating »
UiPath, the Robotic Process Automation (RPA) giant, announced today that it has been rated as the market leader in the overall Hyper Intelligent Automation segment by Zinnov in their Zinnov Zones for Hyper Intelligent Automation – 2020 rating. UiPath has also been rated in the Leadership Zone in Use Case Discovery, Intelligent Document Processing, RPA Platforms, and Attended RPA segments.
Sri Lanka’s largest digital learning content platform Guru.lk has announced it is offering access to its vast resource of digitised material to schools and private tuition institutes whose regular classes have been suspended to retard the spread of the COVID-19 virus.
Trico Logistics Limited (TLL), partnering with Strategic Insurance Brokers (SIB), announced the launch of a Marine Risk Insurance portal (tricologi.net) for all TLL customers who hail from a wide-ranging international client base. TLL will be the platform provider for the online solutions.
Business leader Dhammika Perera has joined the battle against the spread of new coronavirus (COVID-19), with a pledge to donate from his personal funds Rs. 70 million worth of urgent healthcare facilities.
In view of the extension of the ongoing curfew in the districts of Colombo, Gampaha and Puttalam, the Colombo Stock Exchange has declared 23rd and 24th March 2020 as market holidays.
Seven Media created history once again emerging extremely successful at the recent SLT Zero One Awards for Digital Excellence 2018/19. For the second consecutive year, Seven Media dominated the award ceremony held in honor and recognition of excellence in digital initiatives over the past 12 months, racking up an impressive event-high 9 awards.
John Keells Holdings has offered the 81-room Trinco Blu by Cinnamon in the east as a centre for quarantine to the Government if the need arises.
Three Sinha has ventured in to yet another important sector to provide world class Pre-Engineered & Pre-Fabricated Steel Solutions with launching their new subsidiary, IKLO Industries. Today Pre-Engineered Steel Buildings and Polyurethane Injected Sandwich Panels are widely used in the world.
Seylan Bank continues to widen their credit card offerings with the recent unveiling of their VISA Signature Credit Card. This launch marks the beginning of their journey to embark within the premier credit card market.
Exchanges and CCPs support market participants in the face of the global coronavirus (Covid-19) economic shock »
The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, has today issued a statement on coronavirus (Covid-19) and current market volatility.
Fitch Ratings-Hong Kong-20 March 2020: Fitch Ratings has revised the outlook for a further 10 APAC banking systems to negative, meaning that all 17 banking systems in the region are now assessed as having a negative sector outlook.
Tighter regulation in Sri Lanka on classification and measurement of credit facilities for finance and leasing companies (FLCs) will accelerate recognition of bad loans in 2020-2022,
Hemas Holdings Plc has offered Club Hotel Dolphin in Negombo as a quarantine centre to the Government if the need arises, as part of wider public-private sector efforts to mitigate the spread of COVID-19.
ICTA hosts virtual meeting of the IT Industry to leverage Digital Technology for COVID-19 Management »
Information & Communication Technology Agency (ICTA) hosted a virtual meeting on 19th March, with the IT community of Sri Lanka to engage their expertise in leveraging digital technology in the management of Covid-19 response in Sri Lanka.
The Board of Directors of Citrus Waskaduwa (Waskaduwa Beach Resort PLC) took into account the current crisis faced by the Nation and the world at large.
CA Sri Lanka members Tishan Subasinghe and V. Kanagasabapathy appointed to top committees of regional accounting body CAPA »
Two high profile members of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), Mr. Tishan Subasinghe and Mr. V. Kanagasabapathy have been appointed to top committees of the Confederation of Asian and Pacific Accountants (CAPA), the regional organisation representing nearly 2 million accountants across Asia and Pacific.
Northshore Campus held its first Board of Governors meeting on the 03rd of March to exchange views and discuss its highly ambitious plans for the future to be a top ranked higher educational institute in the country for graduate employability, academic and research excellence.
Daraz, one of Sri Lanka’s leading e-commerce platforms, is offering an opportunity to do your avurudu shopping in the safety and comfort of your home with the exciting avurudu promotion ‘Avurudu Waasi’.
A sub brand of LAUGFS Supermarkets, Crimson Bakery recently opened the doors to its first standalone outlet in the neighbourhood of Bellanthara, welcoming customers to experience freshly made sweet and savoury creations.
SLIIT, a leading non-state higher education institute held its inauguration ceremony recently, marking an important milestone for students who began their new academic life.
A national campaign on Safe Labour Migration was launched in January 2019 by the Ministry of Foreign Employment and the Sri Lanka Bureau of Foreign Employment, with the support of the Embassy of Switzerland in Sri Lanka.
IDEAL Motors (Pvt) Ltd, Sri Lanka’s no. 1 company in the pickup market, especially in the above one tonne truck category, has introduced the newly Mahindra Maxi Truck complete with an improved Anti-Lock Brake System (ABS) to the local market recently.
The British Council Sri Lanka hosted an awards ceremony recently, to recognize the top Cambridge Assessment English registration centers for their valuable contribution.
With the country facing growing challenges similar to that of many others parts in the world as the expanding coronavirus pandemic (COVID-19) continues, Arpico Insurance PLC,
The Confederation of Micro, Small and Medium Industries (COSMI) said that they welcomed President Gotabaya Rajapaksa’s initiative to differ the recovery of loans to businesses and SMEs by banks by six month.
The Securities and Exchange Commission of Sri Lanka (SEC) this yesterday had a meeting with the Board of Directors of the Colombo Stock Exchange (CSE)
We hereby release the contents of the letter addressed to H.E the President on Wednesday 18th March by the following Chambers of Commerce.
Sri Lanka Insurance (SLI) in support of the Government initiative to prevent the spreading of Covid 19 virus has launched a series of initiatives to provide a safe continuous service to its customers.
HNB Assurance PLC and its fully owned subsidiary HNB General Insurance Limited will honor all claims both life and medical related to COVID-19.
Being an organization deeply committed to protect the health and wellbeing of its policyholders; Union Assurance PLC, has taken several measures to serve its customers during this Covid19 outbreak.
World Bank Group Increases COVID-19 Response to $14 Billion To Help Sustain Economies, Protect Jobs »
The World Bank and IFC’s Boards of Directors approved today an increased $14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19.
Moody’s revised 2020 forecasts highlight no growth in Japan and Singapore, slower growth in China, and contractions in Hong Kong »
Moody's Investors Service has revised its forecasts for most APAC economies on coronavirus implications, incorporating ongoing travel restrictions and heightened containment measures, as well as the recent oil price shocks
Sysco LABS recently celebrated “Blueprint 2020,” a special event bringing together more than 450 employees at the Hilton Colombo Residences. The organization reflected on the achievements and transformation it has seen over the past few years since its acquisition by foodservice leader Sysco, as well as its plans for the future.
Hemtours (Private) Limited, a 100% owned sub-subsidiary of Hemas Holdings PLC (HHL), has divested 80.1% stake in its Forbes Leisure Services (Private) Limited to Acorn Partners (Pvt)) Ltd, on March 13,2020 at a total consideration of Rs. 201 million, according to a stock filing.
BMICH, Sri Lanka’s iconic landmark facilitated a programme on human resource management and personal etiquette on 11th February 2020 for the 3rd and 4th year undergraduates following the HR degree at the University of Colombo.
The 17th Annual Inter Branch / Department Quiz programme organized by International Banking Division was successfully held at the Golden Rose, Boralesgamuwa recently with the participation of 102 teams. The objective of the quiz was to enhance the overall knowledge of the Bank’s staff.
Measures Adopted by Central Bank of Sri Lanka during the Public Holiday Period Announced by the Government »
The Central Bank of Sri Lanka (CBSL) wishes to inform that the following measures have been adopted by CBSL during the public holiday period announced by the Government.
MANILA (Reuters): The Asian Development Bank (ADB) said on Friday the coronavirus outbreak is set to trim economic growth in developing Asia and around the world this year.
The Members of the Commission of the Securities and Exchange Commission of Sri Lanka (SEC) convened a special meeting Thursday to assess the current situation in the stock market and determine what regulatory relief and assistance was needed to manage the impact arising from the global stock market downturn due to the panic triggered by the escalation of the Covid-19 outbreak.