Economic

As the country’s public movement is restricted by the COVID-19 outbreak, making virtual connectivity to rise, Sri Lanka Telecom (SLT) has been faced with an unprecedented challenge of providing faultless fixed telephone and Internet services to the public

A new bank account termed Special Deposit Account (SDA) has now been introduced for all Sri Lankans living in and outside the country to remit their foreign currency earnings, savings and investments to any bank of their choice in Sri Lanka. It is in the form of Term Deposits either in any designated foreign currency or in Sri Lanka Rupees, the Presidential Media Division said.

The government has taken steps to suspend Sri Lankan residents from making payments through Outdraw Investment Accounts (OIA) for overseas investments for a period of three months.

Huawei, the leading global ICT solution provider, has pledged to donate a range of digital solutions to the Defence Ministry to fight against the COVID-19 pandemic.

In the wake of Sri Lanka’s dwindling exports due to Covid-19 crisis the Export Development Board has called on all exporters resume their businesses although have been facing challenging times for the past two months.

If the first ever online auction of tea created history last Saturday, then bidding for best of flavour and quality on offer on a Poya day yesterday was unprecedented in the annals of Sri Lanka’s tea industry.

A new bank account termed Special Deposit Account (SDA) has now been introduced for Sri Lankans living in and outside the country to remit their foreign currency earnings, savings and investments to any bank of their choice in Sri Lanka, the President’s media announced yesterday.

Taking the lead in empowering the private sector during COVID-19, the Chamber Academy of the Ceylon Chamber of Commerce in collaboration with FITIS and LK Domain Registry, hosted a webinar for over a hundred participants, on how to successfully work from home (WFH).

Online platform to unite auctioneer, brokers and suppliers
Export demand unchanged so far but marginal price drop locally
Restrictions loosened to support sector

The Government of Sri Lanka in consultation with the Monetary Board of the Central Bank of Sri Lanka (CBSL) has introduced a Special Deposit Account (SDA) with the view to seek assistance for the national effort to overcome the effects of COVID-19 outbreak in the country.

A new bank account termed Special Deposit Account (SDA) has now been introduced for all Sri Lankans living in and outside the country to remit their foreign currency earnings, savings and investments to any bank of their choice in Sri Lanka. It is in the form of Term Deposits either in any designated foreign currency or in Sri Lanka Rupees.

During this time of crisis in our land, as well as globally, Sri Lanka’s apparel sector has taken up the responsibility to equip brave healthcare workers with the appropriate clothing as they serve in the frontlines of our battle against COVID-19.

Jetwing Hotels, one of the leading hospitality brands in Sri Lanka, has announced a pay cut ranging from 10% to 50% across all employee grades to cushion the financial impact from the new coronavirus (COVID-19) pandemic.

ධීවරයින්ගේ මාලූ තොග කඩිනමින් මිලදී ගැනීම සදහා රුපියල් මිලියන 600 ක මුදලක් වෙන් කිරීමට රජය තීරණය කර තිබෙනවා. එමෙන්ම, දිවයින පුරා මාලූ බෙදා හැරීමේ ක‍්‍රමානුකූල වැඩපිළිවෙලක් දියත් කිරීමට ද කටයුතු යොදා ඇති බවයි අග‍්‍රාමාත්‍ය කාර්යයාලය සදහන් කළේ.

ගොවි ජනතාවගේ, ව්‍යාපාරිකයන්ගේ මෙන්ම රටේම ජනතාවගේ සෞඛ්‍ය ආරක්ෂාව වෙනුවෙන් දඹුල්ල විශේෂිත ආර්ථික මධ්‍යස්ථානය නැවත දැනුම් දෙනතුරු වසා තැබීමට තීරණය කළ බව දඹුල්ල ආර්ථික මධ්‍යස්ථාන වෙළෙඳ සංගමයේ සභාපති ඡන්න ඇරෑවුල අද (07) පවසා සිටියා.

Reversing the tax bonanza announced in January, the Government has reintroduced tax amendments for top earning individuals and companies, in another measure to overcome the economic challenges due to the coronavirus pandemic.

The corona virus outbreak and the resultant prolonged business disruptions will put additional pressure on Sri Lankan finance and leasing companies' (FLCs) earnings and asset quality, says Fitch Ratings.

කොවිඩ් – 19 වසංගතය හේතුවෙන් ගෝලීය ආර්ථිකයට හා වෙළෙඳාමට සිදුව ඇති හානිය සැලකිල්ලට ගනිමින් අපනයන සංවර්ධන මණ්ඩලය විසින් 2020 වසරේ මෙරට අපේක්ෂිත අපනයනය 43%කින් , එනම් ඇමෙරිකානු ඩොලර් බිලියන 7.75කින් කපා දැමීමට තීරණය කර ඇත.