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By Hiran H.Senewiratne CSE activities were positive yesterday because investors were expecting parliament to announce the Supreme Court decision on the Colombo Port City Bill today, stock market analysts said. It is said that the bourse had ended in red on previous days as the investor mood continued to be relatively pessimistic towards the pandemic. […]
by Sanath Nanayakkare A former Deputy Governor of the Central Bank of Sri Lanka yesterday urged the country’s economic policymakers to develop and propose economic strategies and policies to benefit the overall economy in the medium to long term as their short-term measures such as import restrictions and excess money supply in the market through money printing could cause negative repercussions. Dr. W.A. Wijewardena made this comment while speaking at a virtual presentation and panel discussion on the Sri Lanka Development Update 2021 launched by the World Bank. “Increasing the money sup...
In a move that expresses confidence in Sri Lanka as a market for cutting edge nutraceutical products, Principle Healthcare UK has appointed industry veteran Elroy Fernando as their Regional Vice President for South East Asia. Principle Healthcare commenced stand-alone operations in the country recently, having been known as a British brand catering to a wide spectrum of nutritional needs for over 3 years. As their new Regional Vice President, Elroy Fernando counts over 20 years in the business of pharmaceuticals and nutraceuticals and is credited with building the portfolio of a leading vitam...
The World Bank today approved $80.5 million additional financing to help Sri Lanka access and distribute fairly COVID-19 vaccines and to strengthen the country’s vaccination system and pandemic response. This additional finance builds on the $217.56 million Sri Lanka COVID-19 Emergency Response and Pandemic Preparedness Project, which was approved in April 2020. This new financing will help purchase vaccines to cover approximately 4 million people (18 percent of Sri Lanka’s population). In addition, it will cover the costs of deploying safe and effective vaccines to 20 percent of Sri Lank...