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AS THE NEW CORONAVIRUS spreads illness, death, and catastrophe around the world, virtually no economic sector has been spared from harm. Yet amid the mayhem from the global pandemic, one industry is not only surviving, it is profiting handsomely. “Pharmaceutical companies view Covid-19 as a once-in-a-lifetime business opportunity,” said Gerald Posner, author of “Pharma: Greed, […]
The government has decided to refrain from obtaining loans for projects, said Cabinet Spokesperson Minister Keheliya Rambukwella on Tuesday (02). Speaking at the weekly cabinet press briefing, the minister emphasized Sri Lanka will use BOO, BOT, or PPP like methods. He went on to note the government will only look towards foreign investments.
Sri Lanka’s over reliance on loans must come to an end, said President Gotabaya Rajapaksa adding the focus of the Government is on fostering investments. Speaking at the Sri Lanka Economic Summit 2020, the President said Sri Lanka must attract more Foreign Direct Investment and encourage more local investment to drive economic growth. With this […]
Prime Minister Narendra Modi congratulated Gotabaya Rajapaksa, President of Sri Lanka on the first anniversary of assumption of Office. Prime Minister noted that the India Sri Lanka relationship had expanded into new areas and was strengthened in the past one year. Prime Minister Modi underlined that the strong collaboration between the two countries in the […]
(CNN) Denmark, the world’s largest producer of mink furs, plans to cull all mink in the country to contain a mutated form of novel coronavirus. Prime Minister Mette Frederiksen said Wednesday the decision had been made with a “heavy heart,” but it was necessary based on the recommendation of health authorities. “The virus has mutated […]
La Niña climate event is under way, heralding a colder and stormier winter than usual across the northern hemisphere, but 2020 remains likely to be one of the warmest years on record. The World Meteorological Organization (WMO) has declared La Niña event – a cooling of surface ocean water along the Pacific coast of the […]
Sri Lanka is currently experiencing a massive outbreak, which originated in Minuwangoda, Gampaha district and is now spreading all over Sri Lanka. The scientists at the Department of Immunology and Molecular Medicine and Allergy, Immunology and Cell Biology Unit of University of Sri Jayewardenepura embarked on carrying out whole genomic sequencing of the virus, to […]
US Secretary of State Michael R. Pompeo arrived in Sri Lanka today on a 2-day official visit. Pompeo’s visit comes on an invitation extended by his Sri Lankan counterpart, Foreign Minister Dinesh Gunawardena. “Thank you for the warm welcome, @USAmbSLM. I’m excited to be here in Colombo. I’m proud of the work @USEmbSL does to […]
The World Health Organization today cautioned against any relaxation of response actions following the recent slight decline in COVID-19 cases in South-East Asia Region, saying the pandemic […]
Sri Lanka has signed an agreement to secure another Rs. 16.5 billion (600 million RMB) from China. The Chinese Embassy in Sri Lanka said that an agreement on Economic and Technical Cooperation was signed between Sri Lanka and China providing Rs. 16.5 billion in grant assistance. The agreement was signed between the Chairman of China’s […]