Business and Economics
Emirates announces limited passenger flights to more cities

Emirates is planning to operate passenger services to Jakarta, Manila, Taipei, Chicago, Tunis, Algiers and Kabul in addition to the already commenced operation to London and Frankfurt. These services will facilitate residents and visitors wishing to return home.

Passengers will be able to book directly on or via their travel agent. Only citizens of the destination country and those who meet the entry requirements will be allowed to board. Passengers will be required to comply with each country’s requirement.

With the increase of services and flights out of Dubai, Emirates have recommenced its operation at Dubai International airport Terminal 3. Customers will be required to follow all health and safety measures required by the UAE authorities and the country of destination.

MyHealth Mobile App launched

Ministry of Health, Nutrition and Indigenous Medicine together with the Information and Communication Technology Agency (ICTA) of Sri Lanka, the apex ICT institution in the country has developed an application to inform, engage and react to the deadly spread of the New Coronavirus also known as Covid-19 under the instructions of his excellency the President Gotabaya Rajapaksa. This is in the wake of a global pandemic reaching the shores of Sri Lanka and with the steadily rising number of infected citizens, the need for a robust mobile application was felt.

Representatives from both organizations including volunteers from the private sector worked tirelessly to ensure that through this app citizens will have access to a news feed that shares verified information on the current MyHealth Sri Lanka mobile app populated by data shared by medical authorities.

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‘Govt initiatives to reduce interest rates and boost economy’

The government was acting in a manner to boost the economy and to reduce interest rates said, Verite Research Economist Deshal De Mel.

He warned that due to a large informal sector the impact of COVID 19 on livelihoods would be harsh. He was speaking as part of the Hatch Co-Working Space’s Resilience Series on April 7.

He said that though the Central Bank had been aggressively pushing down rates market forces had kept them stable. It was only in March when the government instructed captive funds to enter did they see a decline in rates. He said “that artificially brought interest rates down. The trend of deposit rates had been trending upwards. The market pressure is for a gradual increase in rates.”

De Mel said, “The Central Bank has been on aggressive loosening cycle. All of which are looking to push liquidity in the system and get companies to borrow at lower rates.”

He said there might be negative long term impacts. Oil prices have come down by about 50 percent.

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