Economy Archives - Page 6 of 6 - Lanka Business News

April 1, 2020

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 […]

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