Business and Economics
Emirates sets industry-leading safety standard for customers travelling as it resumes operations

Emirates has unveiled multi-faceted measures for employee and customer care at every step of the travel journey, redefining safety and hygiene standards on board and on the ground. The new measures took effect today, with the resumption of regularly scheduled passenger flights to nine destinations.

“Emirates is implementing a comprehensive set of measures at every step of the traveller’s journey, to enhance the sanitisation of all touchpoints, and ensure the health and safety of our customers and employees. The risk of catching an infection on an aircraft is already very low, but we have spared no effort in reviewing and redesigning every step, from check-in to disembarkation. Every measure implemented is an additional reduction in risk, and taken altogether, our aim is really to make flying as safe as possible.

Janashakthi Life partners with Daraz to strengthen their commitment as a purpose driven insurer in these challenging times

Janashakthi Life partners with Daraz to provide free life insurance cover (inclusive of COVID – 19 coverage) and critical illness insurance cover up to Rs. 100,000 for customers via Daraz, Sri Lanka’s no. 1 online shopping platform. 

Customers receive this special life insurance cover inclusive of COVID-19 coverage and critical illness insurance cover free of charge for a specific period of time. This is initiated as one of Janashakthi Life’s proactive measure to ensure the safety of Sri Lankans due to the prevailing situation and the threat posed by COVID-19.

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NDB sustains sound pre-COVID 19 growth, profitability

National Development Bank PLC recorded sound financial results for the first quarter ended March 31, prior to the onset of the COVID-19 pandemic which has subsequently led to exponential economic stresses at home and the world over.

In such a backdrop the Bank increased its operating income to LKR 6.6 Bn by 11%. Post-tax profitability was LKR 1.7 Bn up by 27%, partly benefiting from tax removals introduced by the Government. The Bank’s Balance Sheet also expanded by 4% to LKR 553 Bn, which translated to a quantum increase of LKR 24 Bn.

Dimantha Seneviratne – Director/ Group Chief Executive Officer of NDB stated that the world is currently experiencing the most dramatic economic downturn in its history caused by the COVID-19 pandemic, with distinct challenges posed on the financial services sector such as stressed liquidity, capital adequacy, asset quality and profitability.

Seneviratne went on to say that the NDB results for Q1 2020 is a reflection of the Bank’s delivery of far-sighted strategies. “Though we witnessed normal volumes in Q1 up to mid-March, we continue to witness challenges in certain sectors, hence the need for provision build-ups and getting adjusted to the new normal from Q2 onwards.”

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