www.ft.lk A high-powered Presidential Task Force has been appointed yesterday to steer economic revival and poverty eradication in the country impacted by global and local shocks from the novel coronavirus (COVID-19) pandemic. The Task Force appointed by President Gotabaya Rajapaksa is headed by Basil Rajapaksa and comprises over 30 members, including…Read More→

www.ft.lk In a wide-ranging discussion covering the challenges currently faced by Sri Lankan businesses, an expert panel yesterday reached a common consensus that – in the absence of a COVID-19 vaccine – industries need to be quick in adjusting to “new norms” of doing business. Tasked with mitigating the recession…Read More→

www.ft.lk Sri Lanka’s economy could contract by as much as 3%, the World Bank has warned in its latest report, with debt growing to 91.6% of GDP and the Budget deficit growing to 9.8% this year. The report, titled “South Asia Economic Focus: The Cursed Blessing of Public Banks”, in…Read More→

www.ft.lk Sri Lankans, living here or abroad can now open a ‘Special Deposit Account’ that will earn higher interest, which is part of the Government’s efforts to attract more foreign exchange to the country. The Gazette, April 11, 2020 at 12:44AM

www.ft.lk The apparel, tourism and IT industries yesterday expressed confidence in surviving the impact of COVID-19 on the economy if the right policy measures are put in place, and the hospitality industry said the Government had a key role to play in protecting the industry. The hospitality industry has been…Read More→