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Welcome To IANS Live - BUSINESS - Covid-19 headwinds increase integrity challenges for emerging markets: EY
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Welcome To IANS Live - BUSINESS - Covid-19 headwinds increase integrity challenges for emerging markets: EY
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Covid-19 headwinds increase integrity challenges for emerging markets: EY
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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.