Economy Archives - Page 5 of 6

June 26, 2020

Offers Special Low Interest Business Loans and Gold Loans to Businesses and Individuals Colombo June 25th, 2020: Stepping up its assistance to businesses and individuals affected by the global health and economic crisis, Sampath Bank rolled out a host of special business loans and gold loans under its Revive Sri Lanka initiative at a significantly […]

May 6, 2020

U.S. Ambassador to Sri Lanka Alaina Teplitz called on Prime Minister Mahinda Rajapaksa yesterday (05) morning in Colombo and discussed a host of issues, including the fight against the Coronavirus pandemic, post-COVID-19 economic challenges and ongoing collaborations. Speaking about the COVID-19 situation in the country, Ambassador Teplitz said, “We’re always hopeful that the […]

May 3, 2020

According to the World-renowned journal on Economics “the Economist”, Covid-19 hurts emerging economies in at least three ways: by locking down their populations, damaging their export earnings and deterring foreign capital. Even if the pandemic declines in the 2nd Half of the year, GDP (Gross Domestic Production) in developing countries, measured at purchasing-power parity, will be 6.6% […]

April 27, 2020

President Gotabaya Rajapaksa has appointed a Presidential Task Force in charge of Economic Revival and Poverty Eradication. It has been established under the powers vested in the President by the Constitution. The Task Force is responsible for reviving the economy and eradication of poverty while paying special attention to the challenges posed and opportunities that […]

April 1, 2020

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The Coronavirus pandemic has created challenges in carrying out day-to-day business activities. Among these challenges, the year-end Physical Inventory Counting for businesses with financial year ending 31 March 2020, will be the greatest. The Sri Lanka Auditing Standards has set strict guidelines/requirements for the auditor to attend the Physical Inventory Counting and to perform audit […]

March 18, 2020

The day the world stopped | Amid travel bans and lockdowns, their approaches differ OF THE SUPPOSED five stages of grief, humanity’s response to the covid-19 pandemic has seemed stuck in the first three: denial (it will not happen to us), anger (it’s another country’s fault, or our government’s) and bargaining (if we make modest […]

March 17, 2020

Q1. What will be the impact of COVID-19 on the economy? A1: The extent of the damage will depend on how quickly the virus is contained, the steps authorities take to contain it, and how much economic support governments are willing to deploy during the epidemic’s immediate impact and aftermath. Early indications of COVID-19’s impact […]

November 20, 2018

Moody’s Investors Service (“Moody’s”) has today downgraded the Government of Sri Lanka’s foreign currency issuer and senior unsecured ratings to B2 from B1 and changed the outlook to stable from negative. The decision to downgrade the rating to B2 is driven by Moody’s view that ongoing tightening in external and domestic financing conditions and […]

November 19, 2017

The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) and the Institute of Policy Studies of Sri Lanka (IPS) will host a joint lecture by Dr. S. Narayan, former Finance Secretary of India, on “India-Sri Lanka Economic Relations in Modi’s India.” The lecture will be held on Monday, 20 November 2017 from 4:30 […]

November 8, 2017

Today, The Ministry of Finance announced that the Special Commodity Tax on a number of imported essential items would be reduced with effect from midnight today (8th November). Accordingly, the tax imposed on a kilo of sprats would be reduced to Rs. 1 from Rs. 11, tax on potatoes reduced to Rs. 1 from Rs. […]

Sampath Bank Revive Sri Lanka Continues to Power Revival of COVID Impacted Economy

US Ambassador Calls on Prime Minister Rajapaksa; Discusses COVID-19, Economy and Joint Collaborations

Sri Lanka among the worst hit emerging markets – The Economist

President appoints Presidential Task Force for economic revival and poverty elevation

Physical Inventory Counting in pandemic times

Governments are still struggling to get ahead of the coronavirus

The Global Economic Impacts of COVID-19

Moody’s downgrades Sri Lanka’s ratings to B2, changes outlook to stable from negative

Dr S. Narayan, former Finance Secretary of India, to speak on current India-Sri Lanka Economic Relations

Special Commodity Tax on a number of imported essential items would be reduced