A staff member who recently joined Melsta Hospitals – Ragama has tested positive for Covid-19, and is currently being treated at a government hospital. In light of these circumstances, Melsta Hospitals – Ragama has been actively taking all the necessary preventive and precautionary measures, under the close guidance of the Public Health Inspector (PHI) and…
SHANGHAI (Reuters) – Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, cashing out around $8.2 billion at its current share price, the firm’s annual filing released on Friday showed. The divestment comes as Ma retired as the Chinese e-commerce company’s executive…
People’s Bank once again made its mark by securing its place amongst the ‘Top 1000 Banks in the World – a ranking carried by the prestigious Banker Magazine United Kingdom – a publication by the Financial Times. More importantly, the Bank was ranked amongst the Top 200 in terms of Returns on Capital – a…
According to the latest Bloomberg Billionaires Index, Ambani’s net worth now stands at $72.4 billion (Rs 5.44 lakh crore) after a rise of $2.17 billion. Reliance Industries Limited Chairman Mukesh Ambani has become the sixth richest man in the world after surpassing Alphabet Co-founder Larry Page, according to data on the Bloomberg Billionaires Index (BBI)….
IFC, a member of the World Bank Group, will support Commercial Bank of Ceylon (ComBank), Sri Lanka’s largest commercial bank, to develop more specially-designed products and services for women, as part of a move to help boost access to finance for women, especially those who own small and medium sized businesses (SMEs). The advisory assistance…
Making a significant progress from its preceding ranking, in the 2020 United Nations E-Government Development Index (EGDI), Sri Lanka has advanced its position to the 85th from 94th in 2018. While this wasn’t the highest position Sri Lanka has achieved over the twenty years of survey period, it can be seen a substantial advancement as…
A net outflow of foreign investment amounting to $ 3 million was recorded from the rupee denominated Government securities market in May, resulting in a cumulative net outflow of $ 454 million during the first five months of 2020. The total outstanding exposure of foreign investment in the Government securities market remains significantly low at…
No tourist arrivals recorded in May; cumulative earnings for first five months estimated at $ 956 m Workers’ remittances declined by 23.2% in May, year-on-year, to $ 432 million, the Central Bank said yesterday (13). On a cumulative basis, workers’ remittances recorded a decline of 11.9% to $ 2,407 million during the first five months of…
According to the latest external trade data released by the Central Bank, country’s trade deficit narrowed in May 2020 as imports fell more than the decline in exports. The external sector showed signs of stabilisation, with the removal of most lockdown measures in the second week of May 2020. The impact of restrictions on non-essential…
The Colombo Stock market ended on a negative note today (13), as fears of a second coronavirus wave sent stocks plummeting. In equities, Colombo’s All Share Price Index (ASPI) fell 112.86 points or 2.26% to close at 4,879.76 and S&P SL20 index of more liquid stocks fell 3.18% or 68.09 points to close 2,072.10. Market turnover was Rs. 1.34…
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