The European Union (EU) has announced a further EUR 2 million in funding to help Sri Lanka in its efforts to manage the pandemic. The grant, provided by the EU humanitarian office ECHO, will be channelled through the World Health Organization (WHO) and World Vision in Sri Lanka. These resources complement ongoing EU support to fight the Covid-19 and its socioeconomic consequences in Srilanka, including EUR 2 million for the health sector as well as close to EUR 4 million to revitalize the tourism industry.
“Healthcare staff and facilities in Sri Lanka are being pushed to the limit by the pandemic,” said Michelle Cicic, who oversees EU humanitarian assistance in Asia-Pacific. “The EU and Sri Lanka have worked together to battle COVID-19 since the onset of the pandemic. This latest support will ensure that emergency equipment and supplies are quickly channelled to health facilities in dire need of life-saving assistance.”
“This new grant is part of the EU’s global response to the coronavirus pandemic to ‘build back better’ and it complements our ongoing partnership with WHO in Sri Lanka,” said the Ambassador of the EU Delegation in Sri Lanka, Denis Chaibi. “The additional resources will be instrumental in improving healthcare capacity and hopefully help also preventing future surges of cases, while paying special attention to the needs of the most vulnerable people and underserved areas.”
WHO has conducted an assessment of health facilities and identified the gaps in emergency preparedness and response. In response, WHO will support the management of severe cases in 74 hospitals by providing medical equipment and supplies; enhance surveillance and rapid testing capacities with 100,000 new rapid antigen test kits and provide Personal Protective Equipment (PPE) to healthcare workers to protect them from infections and ensure continuity of essential services.
World Vision will enhance COVID-19 prevention, care and treatment capacity of the health system in four provinces. World Vision will provide equipment such as pulse oximeters, oxygen regulators, multiparameter monitors, ECG machines, nebulizers and hospital beds to 29 health facilities. In addition, it will support vaccination campaigns targeting vulnerable groups.
“WHO appreciates the EU’s partnership supporting Sri Lanka’s COVID-19 effort,” said Dr Alaka Singh, WHO Representative to Sri Lanka. “The flexibility of the funding allows responsiveness to immediate needs. This has been seen with the supply of urgent life-saving equipment to hospitals, testing kits and protective equipment. At the same time, longer-term support continues, making important contributions to health systems’ recovery and resilience.”
“World Vision Lanka commenced its response to Covid-19 in March 2020 reaching over 500,000 people within the year,” said Dr. Dhanan Senathirajah, national director of World Vision Lanka, “Our response continued to evolve along with the needs. We have so far supported over 6,000 hospitals and care centres with essential health equipment, and with this funding, we will be able to broaden our reach and support the most vulnerable during this crucial time.”
Sri Lanka’s economic confidence index plummets
‘No one has rated Sri Lanka’s economic condition as excellent. 1.8 % rated it as good and 1.3 % rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022, a wide ranging Verite Research public opinion survey reveals.
Key findings of the survey:
Government approval rating drops from 10% to 3%
The second round of the Gallup Style “Mood of the Nation” poll was conducted in June by Verité Research. It assessed the approval, satisfaction, and confidence of the nation in relation to the government, the country, and the economy.
The poll was conducted as a part of the syndicated survey instrument by Verité Research. This instrument also provides other organisations the opportunity to survey the sentiments of Sri Lanka.
1. Government approval rating | 3% | To the question, “Do you approve or disapprove of the way the current government is working?” only 3% said they approve. In January 2022 this rating was at 10%.
2. Sri Lanka satisfaction | 2% | To the question, “In general, are you satisfied or dissatisfied with the way things are going in Sri Lanka?” only 2% said they were satisfied. This rating was at 6% in January 2022.
3. Economic confidence | negative (-) 96 | Multiple choice questions on the condition and trajectory of the economy are used to generate an economic confidence score. The score can range from negative (-) 100 to positive (+) 100. A score above zero means more people see the economic conditions positively rather than negatively. If everyone thinks the economy is in either excellent or good condition, and everyone also thinks it is getting better, the score will be (+) 10. If everyone thinks that the economy is in a poor condition, and everyone also thinks it is getting worse, the score will be a (-) 100. No one rated the economic condition as excellent. 1.8% rated it as good; and 1.3% rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022.
Implementation of “Mood of
The poll is based on an island wide nationally representative sample of responses from 1,052 Sri Lankan adults, conducted in June 2022. The sample and methodology was designed to ensure a maximum error margin of under 3% at a 95% confidence interval. The polling partner was Vanguard Survey (Pvt) Ltd.
Decline in share market in the wake of rate hike reports
By Hiran H.Senewiratne
CSE trading activities began on a positive note yesterday but during the latter part of the day the market experienced a dip on account of the overall supply chain economy being subjected to a contraction, stemming from the fuel crisis. Consequently, CSE activities were relatively low keyed, market analysts said.
“We are reverting to the negative. There is uncertainty on all fronts, from the political to the economic. Therefore, we are expecting a rate hike on Thursday. This is creating a bit of a cloud and we may see this continuing further, a top market analyst said.
Even if top level decision- making is happening in Sri Lanka the impact is not felt at the grassroots level. This has resulted in unrest in the country, the analyst said.
Amid those developments, both indices moved downwards. The All- Share Price Index went down by 97.9 points and S and P SL20 declined by 34.3 points. Turnover stood at Rs 1.3 billion with one crossing. The crossing was reported in JKH, which crossed 600,000 shares to the tune of Rs 73.2 million, its shares traded at Rs 122.
In the retail market, the top seven companies that mainly contributed to the turnover were; Lanka IOC Rs 611 million (7.3 million shares traded), Expolanka Holdings Rs 173.9 million (one million shares traded). LOLC Holdings Rs 47.4 million (120,000 sha4es traded), Hayleys PLC Rs 46.5 million (697.000 shares traded), Browns Investments Rs 46.3 million (6.4 million shares traded), JKH Rs 21 million (173,000 shares traded) and Softlogic Holdings Rs 20.5 million (794,000 shares traded). During the day 109 million share volumes changed hands in 15000 transactions.
The International Monetary Fund said last Thursday its talks with crisis-hit Sri Lanka had been “constructive”, thereby raising hopes it would soon grant preliminary approval for a desperately needed financial support package, observers said.
Meanwhile, the Colombo Consumer Price index rose 54.6 per cent year-on-year in June against a 39.1 per cent rise in May, according to the Statistics Department.
Yesterday the US dollar rate was Rs 360.73, which is now being controlled due to the prudent fiscal and monetary policies of the Central Bank.
Dialog Club vision members receive access to an exclusive screening of ‘Jurassic World Dominion’
In a bold and breath-taking new global adventure, the epic conclusion to the Jurassic film franchise ‘Jurassic World Dominion’ hit theatres across the world on June 10. Just a day after its global premiere, Dialog Club Vision Red members and their loved ones received special access to an exclusive screening of the film at the Kandy City Centre Multiplex on June 11.
The explosive end to the Jurassic era sees two generations of the film’s franchise unite for the first time with Hollywood’s Chris Pratt and Bryce Dallas Howard joined by Oscar winner Laura Dern, Jeff Goldblum and Sam Neill. Dialog Club Vision members were some of the first to witness the utopian world where Dinosaurs and humans co-exist.
With the best interests of its members and their loved ones at heart, Dialog Club Vision continues to deliver a world of exclusivity and privileges such as personalized care, exclusive discounts and offers, lifestyle and entertainment events and more. To explore more exciting offers available for Dialog Club Vision members, and to learn more about Sri Lanka’s premier loyalty programme, customers can visit the MyDialog App or visit dialog.lk/club-vision
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