Coronavirus may push 60 million into ‘extreme poverty’ – World Bank
The COVID-19 pandemic will drive up to 60 million people into extreme poverty, the World Bank warned on Tuesday. World…
Category: BUSINESS
Foreign outflows from local bond markets continues
The outstanding stock of treasury bills and bonds held by foreigners declined by 13.75 percent or Rs 5 billion during…
Sri Lankan Rupee appreciates against US Dollar
Sri Lankan Rupee has appreciated against the US Dollar marking the current selling rate of US Dollar Rs 195.78. The…
Worst economic crisis since 1930s depression, IMF says
The coronavirus pandemic will turn global economic growth “sharply negative” this year, the head of the International Monetary Fund (IMF)…
Disney Plus racks up 50m subscribers in five months
Disney’s new video streaming service has reached more than 50 million subscribers since its launch five months ago. When Disney…
European Union provides $38.41 million grant to Sri Lanka
The European Union (EU) and its Member States are working with partners around the world to tackle the outbreak of…
Zoom CEO apologizes for having ‘fallen short’ on privacy and security
The founder and CEO of Zoom has apologized to the video conferencing app’s millions of users after coming under fire…
World Bank fast-tracks $212.10 Million COVID-19 support for Sri Lanka
The World Bank’s Board of Executive Directors has approved the $213.09 million Sri Lanka COVID-19 Emergency Response and Health Systems Preparedness Project…
Presidents calls for IMF/World Bank debt moratorium over Covid-19 crisis
President Gotabaya Rajapaksa urged the Director General of World Health Organization (WHO) to pursue with the international financial organizations and…
President discusses economic impact of COVID-19 with CBSL
President Gotabaya Rajapaksa held a discussion with the Governor of Central Bank of Sri Lanka (CBSL) and other senior officials…