Economic

The Peliyagoda fish market will reopen for trade today after the 529 people working there tested negative for COVID-19.

The Sri Lanka Tourism Development Authority has drafted plans for an early revival post-COVID-19, as the country starts opening up gradually from this week.

The Colombo Stock Exchange (CSE) has requested all listed companies to disclose their respective impact from the novel coronavirus (COVID-19) pandemic.

මීගොඩ ආර්ථික මධ්‍යස්ථානයේ වෙළඳ මෙහෙයුම් කටයුතු අද (24) සිට කාණ්ඩ දෙකක් යටතේ සිදු කිරීමට එහි පාලනාධිකාරිය තීරණය කර ඇත.

Sri Lanka’s headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI), has decreased to 7.0% in March 2020 from 8.1% in February 2020,Central Bank announced.

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The Central Fish Market Complex in Peliyagoda will be reopened for business for wholesale traders from tomorrow (25), says the Peliyagoda Fish Vendors’ Association.

The Consumer Affairs Authority (CAA) yesterday announced a Maximum Retail Price (MRP) for turmeric powder at Rs. 750 per kg, due to the growing demand in the market for the spice, which in turn has led to a shortage.

Interesting insights to locals’ anxieties, coping mechanism and rating of Govt.’s COVID-19 mitigating measures in pro bono survey by PepperCube

ICRA Lanka expects the Sri Lankan economy to face a recession of magnitude -1.9% in 2020 with a U-shape recovery path returning to its pre-crisis level by Q1 of 2021.

The Civil Aviation Authority of Sri Lanka (CAASL) yesterday issued guidelines for all airlines, doubling the maximum passenger transit time at the Bandaranaike International Airport (BIA).

Tea prices have risen to record high at the recently held first eAuction, according to John Keells Ltd.

Challenges to Sri Lankan ICT industry due to Covid-19 pandemic situation are quite similar to what is being experienced in many other industries too. Among them, possibility of collapsing markets and therefore the risk of uncertainty for survival and sustain in business (at least to secure revenues sufficient to cover the overheads)has become the most commonly visible challenge.

අද (21) සිට ක්‍රියාත්මක වන පරිදි කහ කුඩු කිලෝග්‍රෑමයකට රුපියල් 750ක උපරිම සිල්ලර මිල නියම කිරීමට පාරිභෝගික කටයුතු අධිකාරිය කටයුතු කර තිබෙනවා.

The Insurance Regulatory Commission of Sri Lanka (IRCSL) is providing relief measures to insurance policyholders in line with a direction by the President to grant appropriate relief to businesses and individuals who are adversely affected by the current COVID-19 pandemic.

Sri Lanka companies in consumer goods retail and construction-related activities also have lower rating headroom than in most other sectors, Fitch Ratings said in its ‘Coronavirus Screener for Sri Lankan Corporates‘.

The Central Bank yesterday clarified on how funds could be sent to students and utilised for short visits to meet their expenses and said there was no hindrance to providing additional financial assistance to meet their basic needs.

Close on the heels of the COVID-19 pandemic, around 500,000 workers of 800 apparel factories in and outside Free Trade Zones (FTZ) are facing the threat of nonpayment of their wages as the brand order cancellations continue to haunt employers.