Shanghai, Feb 11 (Reuters) - The death toll from the coronavirus epidemic in mainland China soared past 1,000 on Tuesday with a record daily rise in fatalities, while the prolonged disruption to factories and businesses played havoc with the world’s second-largest economy. Hundreds of Chinese firms say they will need billions of dollars in loans to stay afloat and layoffs...
Plantation companies' failure to replant and not rising workers' wages which led to the downfall of the Lankan tea industry.
Capital expenditure needed to create demand is expected to grow by just 2.4%.
Direct State involvement is needed as conditions are unfavorable for self-employment and entrepreneurial development schemes.
The budget has failed to address the question of falling consumption demand
Colombo, Jan 17 (DailyFT - By Chandani Kirinde) - All Government organisations have been directed to transfer ICT-related projects and programs, including financial provision, to the Information and Technology Agency (ICTA), as part of the initiative taken by President Gotabaya Rajapaksa to centralise systems. The President has directed that all ICT/digital solutions having an impact on citizen service delivery be...
The Lankan President said that the wage hike will come into effect on March 1, 2020
Thanks to the deep concern expressed by his Western allies, Trump pulled himself back from the brink and said publicly on January 8 that he would not wage war against Iran
Trump will issue an executive order imposing sanctions on anyone involved in Iranian textile, construction, manufacturing, mining, steel and iron sectors.
The new Gotabaya government has reduced taxes and small and medium industries are aided with many concession.