Business and Economics
Seylan Bank, Official Banking Partner for Lanka Property Show 2020

Seylan Bank came on board as the Official Banking Partner for the Lanka Property Show 2020– Sri Lanka’s largest property show which was recently held at the Kingsbury Hotel, Colombo. The show was organized and hosted by LankaPropertyWeb; Sri Lanka’s leading Real Estate website for the 4th consecutive year.

The show provided a platform for Sri Lanka’s most reputed property developers, real estate agents and banks to network with prospective buyers, share knowledge and investment opportunities while providing visitors the best solutions available in Sri Lanka’s Real Estate market under one roof.

As the Official Banking Partner, Seylan Bank empowered the housing dreams of customers through convenient financial services with immediate assistance, advisory support and tailor-made housing loans of up to Rs. 100 million with interest rates as low as 11.5% per annum.

Genesis tops JD Power survey

New vehicles, on the whole, are more dependable than ever.

That is according to J.D. Power’s 2020 U.S. Vehicle Dependability Study, which was released last week. The closely-tracked index has found that 2020 is the best year ever for vehicle performance. The report tracks the number of problems in three-year-old vehicles during the previous 12 months. Per 100 vehicles, the average was 134.

“Despite the increased adoption of complex vehicle technology, dependability continues to improve,” Dave Sargent, vice president of global automotive at J.D. Power, said in a statement. “There’s no question that three-year-old vehicles today are better built and more dependable than same-age vehicles were in previous years.”

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World’s richest person loses $7 billion overnight, as market sells off on coronavirus fears

Amazon founder and CEO Jeff Bezos, the wealthiest person in the world has lost $7 billion in paper wealth overnight, and more than $18 billion over the past month, as Amazon’s share price has plunged on fear that the coronavirus outbreak will slow the global economy.

Bezos saw his wealth drop to $110 billion overnight, down from $117 billion, as Amazon’s shares fell 7% at Monday’s open from Friday’s close. The shares recovered slightly midafternoon Monday, but over the past month alone, Bezos’ wealth has fallen from $129 billion.

Concerns over coronavirus have roiled markets and torched hundreds of billions in paper wealth from the world’s billionaires over the past month, CNBC said on Monday.

Tesla CEO Elon Musk, who tweeted that the “coronavirus panic is dumb,” has seen about $4 billion of his paper wealth lopped off overnight. That would bring his losses for the month down to more  than $12 billion. Though with Tesla’s huge gains in January, he is still up about $4 billion for the year.

Tesla shares were recently down about 10%, but are up more than 53% year to date, and have risen 126% over the past 12 months.

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