Sri Lanka CB says controlling foreign debt will ‘no doubt’ require some austerity
(Reuters) : Sri Lanka’s central bank governor said on Wednesday lowering the country’s reliance on foreign debt will require some austerity, as Colombo attempts to shore up confidence in its…
IFS growth outperforms market in 2020 with 26% increase in software revenue
IFS, the global enterprise applications company has seen a 26% Year-on-Year increase in software revenue, according to its financial results for the full year ended December 31, 2020. 2020 saw widespread…
Nutrition crisis looms with over 39 billion in-school meals missed since start of pandemic – UNICEF and WFP
Over 39 billion in-school meals have been missed globally since the start of the COVID-19 pandemic due to school closures, according to a new report released today by the UNICEF…
EU Urges Sri Lanka to Notify Imposed Import Restrictions Measures to WTO
The Europan Union (EU) has urged Sri Lanka to notify import restrictions measures imposed since April 2020 to the World Trade Organisation (WTO), while stressing the need for a level…
Billionaires thriving as poor suffer in widening COVID-19 divide – Oxfam
(Thomson Reuters Foundation) – Billionaires including Amazon’s Jeff Bezos and Tesla founder Elon Musk have seen their wealth soar during the COVID-19 pandemic while the world’s poor face years of…
Sri Lanka’s mobile and fixed broadband speeds improve in December
Sri Lanka’s mobile and fixed broadband speeds recorded an improvement in December, however, still continued to remain below the pre-pandemic levels, according to Ookla’s latest Speedtest global index. The mobile…
United States provided $6M in aid to reduce the spread of COVID-19 in Sri Lanka
With the recent donation Of a mobile testing unit to the Regional Health Services in Moneragala, the U.S. Government has provided $ 6 million in aid to reduce the spread…
World Bank Forecasts 3.3% economic growth for Sri Lanka in 2021
The World Bank (WB) projects Sri Lanka’s economy to grow by 3.3 percent while expressing concerns over elevated debt distress in the country. The WB in its latest 2021 Global Economic…
Sri Lanka’s Telephone Penetration Drops in 3Q2020
Sri Lanka’s telephone Penetration (including Cellular Phones) declined by 19.3 percent in the third quarter of last year compared to one year ago. Sri Lanka’s telephone Penetration stood at 164.1…
Protectionism To Rise In 2021 States Attempts To Stimulate Domestic Recovery – Economist
Governments in 2021 are likely to ramp up protectionist economic measures in a bid to stimulate domestic recovery from the COVID-19 pandemic despite the interests of the private sector lying elsewhere, Kathmina…