WORLD BANK ESTIMATES EXTREME CASE OF GLOBAL POVERTY
In 2015, there were 734 million people or 10% of the world's population in extreme poverty, which is defined as living on less than $1.90 a day, according to the World Bank's most recent estimates
LMD TV
This week on LMD TV, veteran banker and CEO of Cargills Bank Rajendra Theagarajah shares…
ROLLS-ROYCE TO TERMINATE 9,000 JOBS
Rolls-Royce has said it will cut 9,000 jobs and warned it will take "several years" for the airline industry to recover from the coronavirus pandemic
JAPAN’S ECONOMY FALLS INTO RECESSION
Japan has fallen into recession for the first time since 2015 as the financial toll of the coronavirus continues to escalate
TOUGH DECISIONS ON EMPLOYMENT
The COVID-19 coronavirus pandemic has affected Sri Lankan businesses across all sectors except perhaps agriculture, which has faced a minimal impact
News publisher & Quire Sri Lanka
For most Sri Lankans, since March 2020 the economic impact of the COVID-19 pandemic has led to a large-scale effort to promote “work-from-home” (WFH) along with the categorization of
TAIWAN REPORTS NO NEW COVID-19 CASES.
TAIPEI (Taiwan News) — Taiwan's Central Epidemic Command Center (CECC) on Tuesday (May 19) announced zero new cases of Wuhan coronavirus (COVID-19), marking the 12th straight day without
FOCUS ON ‘GLOBAL ORIENTATION’
While Sri Lanka has a low number of social safety nets for permanently vulnerable people such as the poor, disabled and elderly, COVID-19 has highlighted the need for a social net for employees
VACCINE FOR COVID-19 MUST BE DISTRIBUTED EQUITABLY
South Korean President Moon Jae-in speaking at the World Health Assembly through a video linik said on Monday that vaccines and treatments are "public goods" that must be "distributed equitably
CORONAVIRUS MAY BURN OUT BEFORE VACCINE
Coronavirus could “burn out naturally before any vaccine is developed”, according to a former World Health Organisation chief
ECONOMIC ACTIVITIES MUST GO ON
At this juncture, COVID-19 seems invincible. However, while the global pandemic is unprecedented, Sri Lanka’s response has been a great success especially in managing the prevalence of infections
SRI LANKA PREPARES TO OPEN DOORS BY JULY
Sri Lanka Tourism is seeing a silver lining as European and high-end Indian travellers have begun to inquire on forward bookings, while the Government is sorting out the COVID-19 protocol to welcome
TRAVEL BUBBLES MAY BE A BOON
The new (hopefully temporary) normal is all about uncertainty given that we are in uncharted territory. There are two phases: the pre-vaccine phase supported by increasingly effective cures like remdesivir
SLT
The Chairman, Board of Directors, representatives of the Management and Unions of Sri Lanka Telecom (SLT) and Mobitel handed over a cheque to the value of Rs. 50 million to His Excellency Gotabaya
COMMERCIAL BANK
Healthy growth in business volumes and an extraordinary contribution from other income, before the slowdown attributed to the COVID-19 pandemic, have enabled the Commercial Bank of Ceylon
TEEJAY
Top textile manufacturer Teejay Lanka PLC has ended 2019-20 on an encouragingly strong note, despite its projected fourth quarter profit growth being eroded by production shutdowns at all plants
SRI LANKAN AIRLINES
May 14 2020, Colombo: A moment of pride as SriLankan Airlines aircraft were seen at O. R. Tambo International Airport - Johannesburg – South Africa recently. SriLankan carried 45 tons of cargo
EMIRATES
The shared passion that attracts like-minded organisations to each other was clearly articulated when Emirates, the world’s largest international airline, greeted Dilmah founder Merrill J. Fernando
PRINTING MONEY IS A NECESSARY EVIL
Sri Lanka’s response to the pandemic has been commendable. While we can all say what could have been done better with the benefit of hindsight, what’s important is that Sri Lanka has placed a greater value on lives than the economy
