Economic
Several rounds of discussions via video conferencing between brokers, buyers, solutions provider
More discussions today followed by final call by CTTA
If consensus reached, mock trial tomorrow, with e-auction starting from Friday
Failure will mean world’s largest single origin tea auction inactive for two consecutive weeks, causing financial loss to producers
The Export Development Board (EDB) yesterday welcomed the recent announcement of relief to export industries to tide over the extremely critical situation over the next few months following the novel coronavirus (COVID-19) pandemic.
At least 1 bank to be open in each DS area under curfew
Presidential Task Force looks at promoting mobile banking services to maintain social distancing
All operations of the Kollupitiya Hatton National Bank (HNB) branch have been shut down for 14 days after COVID-19 has been checked positively by a parent of a staff member of the specific branch, the bank said.
Former Central Bank Governor Ajith Nivard Cabraal said yesterday a new world economic structure would have to be developed to deal with the ‘post-COVID-19’ era.
8 new regulatory measures announced to give relief to struggling businesses
Major banks given permission to draw down capital buffers by 100 basis points to smoothen credit flows
Foreign currency loans given option of being recovered in rupees as last resort
Dues in March given 2-month extension, capital enhancement deadline of banks extended till 2022
Any changes made to loans between March and June to be modifications, not restructuring
Business leader Harry Jayawardena controlled Melstacorp PLC recently donated medical equipment worth Rs. 25 million, to set up a real-time PCR laboratory at the Infectious Disease Hospital, Angoda.
The Board of Investment (BOI) said yesterday there is no requirement for any of the BOI companies currently operating to stop work.
Jan. trade deficit at $ 730 m, up from $ 617 m
Merchandise exports down 3.7% as all sectors see decline
Food and vehicles push imports up by 4.8% to $ 1.7 b
The Central Bank of Sri Lanka has written to Chief Executive Officers of Licensed Finance Companies and Specialised Leasing Companies, directing them to continue their operations uninterrupted.
Says growth will be significantly slower than 3.5% projected earlier
Despite CB action, expected credit growth to be muted
Credit grew 5.6% in 2019, slowest since 2009
Despite moratorium, NPL ratios expected to grow in 2020
Warns borrowings for debt repayment could be costly
Air cargo is piling up at the Bandaranaike International Airport (BIA) in view of the partial shutdown of economic and business activities in the country as part of mitigation measures against the spread of novel coronavirus.
Trade unions in the Free Trade Zone (FTZ) Katunayake are in talks with members of the Special Task Force to prevent the spread of COVID-19 within workplaces to ensure that salaries of all workers are debited to their bank accounts as soon as possible, a union representative said yesterday.
කොවිඩ් -19 වෛරසය ව්‍යාප්ත වීම හේතුවෙන් ක්‍රෙඩිට් කාඩ් භාවිත කරන පාරිභෝගිකයන්ටද සහන සලසන ලෙස ශ්‍රී ලංකා මහ බැංකුව සියලුම වාණිජ බැංකුවලට දැනුම් දී ඇත.
Major six-month initiative with range of relief to support all COVID-19-hit businesses, individuals and the self-employed
Trade unions in the Free Trade Zone (FTZ) Katunayake are in talks with members of the Special Task Force to prevent the spread of COVID-19 within workplaces to ensure that salaries of all workers are debited to their bank accounts as soon as possible, a union representative said yesterday.
කොරෝනා වයිරසයේ බලපෑම හේතුවෙන් ව්‍යාපාර අඩාල වු කුඩා හා මධ්‍ය පරිමාණ ව්‍යාපාර, සංචාරක, ඇඟලුම්, වැවිලි, තොරතුරු තාක්ෂණ හා සැපයුම් ක්ෂේත්‍ර වල නියුතුවුවන්ට 4% පොලී අනුපාතයක් යටතේ කාරක ප්‍රාග්ධන ණය ලබාදිමට මුල්‍ය ආයතනවලට ජනාධිපති ගෝඨාභය රාජපක්ෂ මහතා උපදෙස් දී තිබේ.
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