Roar Media Archive

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Unemployment Rate At An All-Time High

As many as 483,172 people have lost their jobs during the first quarter of this year, due to the economic impact of the COVID-19 pandemic.

Cabinet Approves Concession On Electricity Bills

The Cabinet of Ministers has decided to provide a 25 percent concessionary reduction on electricity bills for March, April, and May.

World Bank Downgrades Sri Lanka From Upper-Middle Income To Lower-Middle Income Country

The World Bank said Sri Lanka was downgraded to a lower-middle income country after it recorded USD 4020 per capita income for 2020, in comparison to the USD 4060 it posted last year.

‘Itukama’ COVID-19 Healthcare And Social Security Fund Grows To Over 1. 4 Billion

The ‘Itukama’ COVID-19 Healthcare and Social Security Fund that was initiated by the Ministry of Defence to support and strengthen efforts at mitigating the spread of COVID-19 and towards related social welfare programmes has surpassed Rs. 1.4 billion, the President’s Media Division reported on June 24.

CEB Says More To Paid By Consumers

The Ceylon Electricity Board (CEB) has said that Rs. 30 billion is owed to it by consumers for the months March, April and May, which were mostly spent in COVID-19 curfew.

President Says Sri Lanka Needs New Investments

Speaking to European Union (EU) ambassadors at the Presidential Secretariat yesterday (18), President Gotabaya Rajapaksa stressed the need for new investments, not further debt.

Three-Member Committee Appointed To Investigate Finance And Leasing Companies

The Central Bank of Sri Lanka has appointed a three-member committee to investigate irregularities at financial institutions and leasing companies. The decision comes even as the apex institute was heavily censured yesterday (16) for not doing enough to stimulate the economy after COVID-19.

Central Bank Lowers SRR And Introduces Credit Schemes

The Central Bank of Sri Lanka (CBSL) last night announced it would lower the Statutory Reserve Ratio (SRR) and introduce two new credit schemes in a bid to stimulate the economy. The decision comes on the heels of a tough meeting with President Gotabaya Rajapaksa, during which the CBSL Governor Professor W. D. Lakshman and other senior officials were lambasted for failing to provide any meaningful contributions towards reviving the COVID-19-hit economy.

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