Business

“We need to make every investment count now more than ever,” says UNDP Economist

Says financial plan for recovery needs should be on comprehensive macro-stabilization framework post crisisPoints out current crisis an opportunity to…

5 years ago

WB forecasts 19% decline in remittances to Sri Lanka this year

Driven by economic slowdown due to COVID-19 and steep decline in oil pricesGlobal remittances projected to decline 20%--highest decline in…

5 years ago

SL Tourism post-COVID-19 revival to be executed in two stages

Stage One to focus on December 2020 seasonSLTDA chief says COVID-19 has given opportunity to re-profile SL tourismPlans underway to finalise…

5 years ago

Oil prices tumble on demand collapse, Brent at 1999 lows

(Tokyo) REUTERS: Oil prices slumped again yesterday, with Brent falling to the lowest since 1999, as the market struggled with…

5 years ago

U.S. oil futures plumb historic lows below zero, Brent plunges

LONDON (Reuters) - U.S. oil futures continued to trade in negative territory yesterday, after closing down nearly US$ 40 on…

5 years ago

Easter Sunday attacks cost Rs.150bn to economy erasing 1% of GDP

The Easter Sunday attacks and the tremors felt across the economy in its aftermath cost the Sri Lankan economy a…

5 years ago

Year-long prices expected at mid-single digit levels; short-term pressure seen due to supply disruptions

Prices could see a short-term uptrend in April and May amid sputtered supply due to coronavirus-induced lockdowns, but overall prices…

5 years ago

Ceylinco Life donates ventilators to combat COVID-19

Ceylinco Life Chairman R. Renganathan (centre) presenting one of the two ventilators to Army Commander Lieutenant General Shavendra Silva, accompanied…

5 years ago

CIPM makes donation to COVID-19 Relief Fund

Dhammika Fernando-President, CIPM Sri Lanka (2nd from left) handing over the donation to Lalith Weerathunga  CIPM made a donation of…

5 years ago

Dialog extends critical connectivity solutions to IDH Hospital

In an effort to support medical professionals and essential medical services during the ongoing COVID-19 crisis, Dialog Axiata PLC extended…

5 years ago