economic crisis Archives - Page 2 of 2

August 12, 2022

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Colombo, 12 August 2022. Seylan Bank recorded a Profit after Tax of Rs. 1,504 Mn for the 6 months ended 30th June 2022 against Rs. 2,105 Mn reported in the corresponding period of 2021. This has been seen by financial analysts as commendable given the extremely challenging and adverse conditions the […]

August 12, 2022

Sampath Bank continued to maintain a solid capital base and stable liquidity profile in the first half of 2022 notwithstanding multiple economic challenges. The Bank remains vigilant in identifying the current economic issues and has continued to implement in a proactive manner the required countermeasures, clearly demonstrating its strength and stability. […]

August 4, 2022

The following statement was issued today by the Press Secretary of Asia Council The Asia Council’s Forum for Economic Cooperation comprising regional leaders from the continent has urged Japan and South Korea to help Sri Lanka tide over the ongoing economic crisis. The island nation of 22 million people is facing […]

August 1, 2022

The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking […]

July 4, 2022

Offering discounts of up to Rs.900, 000 as relief to grief-stricken locals Samsung, Sri Lanka’s leading electronics brand, unveiled “Samsung Sahana” in order to provide relief to its consumers during these turbulent times where the whole country is facing its worst economic crisis yet. Samsung has taken measures to provide relief […]

June 9, 2022

09th June 2022, Colombo: Vision Care, Sri Lanka’s largest vision and eyewear solutions provider, is providing its valued customers the opportunity to reduce their financial burdens during the ongoing economic crisis by offering easy payment plans via several leading banks & payment platforms. Vision Care’s partnerships with the banks provides customers […]

May 30, 2022

30th May 2022, Colombo: Uber Eats in Sri Lanka has reiterated its commitment to the market by dialing up support to Courier partners on its platform during the current challenging times. To soften the impact of the ongoing economic crisis, the company has announced initiatives that will help create new earning […]

May 23, 2022

The unfolding economic crisis in the country has presented Sri Lankans with unprecedented challenges, including scarcity of essentials, escalating living expenses and deteriorating living standards. The impacts of the crisis are graver and more ominous for those in vulnerable communities, where families struggle to make ends meet amidst mounting financial difficulties. […]

May 20, 2022

COLOMBO – The Government of Japan today announced a USD 1.5million (LKR 600 million) funding to help the Government of Sri Lanka respond to the ongoing economic crisis. The funds will be used by the United Nations World Food Programme (WFP) to provide food assistance to children and families in need of support. Charge […]

Seylan Bank records Rs. 1.5 Bn PAT for 1H 2022

Sampath Bank navigates the current economic crisis with confidence backed by strong capital and liquidity positions.

Asia Council urges Japan, South Korea to aid Sri Lanka

Importance of ‘fair play’ by all stakeholders of the economy in countering the current unprecedented economic crisis

World’s No. 1 TV manufacturer Samsung introduces ‘Samsung Sahana’

Vision Care’s easy payment offers for spectacles and sunglasses brings economic relief to customers

Now Uber Eats Delivery through push cycles in Sri Lanka

Daraz Cares introduces ‘Buy one Give One’ initiative to support families in vulnerable communities

Japan contributes USD 1.5 Million to help Sri Lanka provide food assistance to people affected by the economic crisis