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BBC reported that United States President Joe Biden has named Indian-American businessman Ajay Banga as the US pick to lead the World Bank. The move comes as the US increases pressure on the bank to put more emphasis on tackling climate change. Ajay Banga led credit card giant Mastercard for more than a decade and […]
Aljazeera reports that there is a severe shortage of greenbacks in Bangladesh due to its dwindling foreign reserves and a sharp drop in the value of its taka currency against the dollar. In the past six months, Bangladesh’s foreign reserves have dropped below $32bn from $39bn while the value of the taka has fallen by […]
Antyra Solutions, an integrated digital agency that combines creativity, technology and performance-based digital marketing solutions, recently celebrated its eighth anniversary and hosted a client appreciation evening at Jetwing Colombo Seven. Antyra offers customers a range of services under its three main business verticals. Antyra Studios, the agency’s design arm, works on end-to-end branding and creative […]
Kingslake, Sri Lanka’s leading manufacturing solutions experts, will be hosting a double seminar together with Infor on Wednesday the 1st of March at the Ceylon Chamber of Commerce. Directed at business leaders and industry professionals, the seminars will feature a line-up of expert speakers who will show how to unleash the full potential of businesses […]
Total Assets touch Rs. 208 billion, up by 10% Customer deposit base reaches Rs. 162 billion, up by 11% Profit after tax for the year stood at Rs. 2 billion The Bank maintains a Net Interest Margin of 4.70% The Bank reports a decent Return on Equity of 10.58% and Post Tax Return on Assets of 1% The B