The Bank of Ceylon took the opportunity to join with the Sri Lanka Police Department to extend its support towards “COVID 19 Precaution awareness campaign” in locked-downed areas. The Bank deployed its “Branch on Wheels” mobile banking vehicle in order to provide essential banking services to people in these areas.
This service will be following the schedule arranged by the Sri Lanka Police Department to cover the eight currently restricted areas. It was brought to notice that people were not able to fulfill their essential banking needs during the past week due to non-accessibility to a banking branch. However with this initiative BOC will bring its branch to the people in these areas whilst ensuring safety precautions from COVID 19.
(Continued from yesterday)
The pandemic should have by now encouraged the provision of flexible work hours for older workers. Therefore company structures need to evolve so that younger workers can get promotions while retaining older skilled employees.We cannot afford to have young people without jobs. Extra income is also crucial to deal with healthcare, transport, living quarters and other essentials that become ever more expensive as people age. The proposal to increase the age to 60 must enable employers to retain the most productive employees until 60. But must also allow others to leave the employment early and withdraw funds once they reach the ages of female 50 and male at 55. It does not make business sense to keep unproductive employees until 60.
The Sri Lanka Institute of Directors (SLID), in collaboration with its knowledge sharing partner Ernst & Young (EY), held a timely webinar discussion recently on “The Integrity Agenda – the Heightened Role of Boards”.
The session focused on how directors could steer their companies with integrity in the current environment. The panel comprised of Sunil Wijesinha, chairman of United Motors PLC, Watawala Plantations PLC and RIL Property PLC, Murtaza Esufally, chairman of Hemas Hospitals, Hemas Pharmaceuticals, Managing Director of Morison PLC and Non-Executive chairman of the Center for Poverty Analysis with Hiranthi Fonseka, Partner of Ernst & Young as the moderator. The keynote presentation was made by EY’s ASEAN Forensic & Integrity Services Leader Ramesh Moosa. The webinar was an initiative taken by the Institute’s INED Forum and was extended to all SLID members as well as the clients of EY in Sri Lanka.
By Hiran H.Senewiratne
Melstacorp shares started trading at Rs. 47.60 at the CSE yesterday and at the end of the day they moved up to Rs. 49.90. Meanwhile, shares in healthcare sector counters also appreciated when the government reportedly began discussing with private hospitals the possibility of treating Covid -19 patients in their institutions.
Consequently, share prices in several listed private hospitals moved up. Asiri Hospital shares moved up by 20 percent. They moved up from Rs. 26.40 to Rs. 29.20, which was a Rs. 2.80 appreciation, Asiri Surgical shares moved up by Rs. 2.10 or 14 percent. Its shares moved from Rs. 15 to Rs. 17.10, Lanka Hospital shares moved up by seven percent or Rs. 3.10; they moved to Rs. 48.10 from Rs. 45 and Nawaloka Hospitals shares moved up by 11 percent or 60 cents. They rose to Rs. 6.20 from Rs. 5.60.