HomeSri Lanka NewsCyclone Ditwah Losses Could Reach Three Percent of GDP, Says Dilshan Wirasekara

Cyclone Ditwah Losses Could Reach Three Percent of GDP, Says Dilshan Wirasekara

Published on

First Capital Holdings Managing Director and Chief Executive Officer Dilshan Wirasekara warned that the economic cost of Cyclone Ditwah may reach one to three percent of GDP, with initial estimates between two hundred million and two point nine billion dollars. Reported by Daily FT, he urged swift action through innovative capital raising tools, including a large scale Government backed Infrastructure Bond to support reconstruction and distressed enterprises. Wirasekara said the Government’s Rebuild Sri Lanka Fund is the ideal platform and called on investment banks to collaborate at zero fee to accelerate national recovery.

LATEST NEWS

BoardPAC Appoints Chrishan Fernando as Vice President Sales and Marketing

BoardPAC has announced the appointment of Chrishan Fernando as Vice President – Sales and...

Celeste Appoints Dayan Pandithasekera as Chief Operating Officer

Celeste has announced the appointment of Dayan Pandithasekera as its new Chief Operating Officer...

Three Sri Lankan Companies Earn Prestigious Great Taste Awards Recognition

Sri Lankan companies Gralgo From Ceylon, Planet’s Finest and Ceylbee International have been recognised...

Kelum de Silva Joins Softlogic Capital Board to Strengthen Strategic Leadership

Softlogic Capital PLC has announced the appointment of Kelum de Silva to its Board...

MORE LIKE THIS

BoardPAC Appoints Chrishan Fernando as Vice President Sales and Marketing

BoardPAC has announced the appointment of Chrishan Fernando as Vice President – Sales and...

Celeste Appoints Dayan Pandithasekera as Chief Operating Officer

Celeste has announced the appointment of Dayan Pandithasekera as its new Chief Operating Officer...

Three Sri Lankan Companies Earn Prestigious Great Taste Awards Recognition

Sri Lankan companies Gralgo From Ceylon, Planet’s Finest and Ceylbee International have been recognised...