CRDB pre-tax cumulative profit up 29pc
Dar es Salaam. CRDB Bank Plc reported a 29 percent improvement in profit before tax during the third quarter of 2020, fueled by growths in interest and non-interest income streams as the financial services sector recovers from the Covid-19 pandemic.At the group level, the bank made a cumulative after-tax profit of Sh120 billion during the third quarter of 2020, up from the Sh92 billion profit that was reported in the cumulative period to the third quarter of 2019.Interest income rose by 9.2 percent to Sh426 billion during the year to September 30, 2020 from Sh390 billion during the year to Sep...
Emirates NBD posts Dh5.6b in net profit for first nine months of 2020
DubaiDubai’s Emirates NBD recorded operating profits of Dh1.68 billion for the third quarter, a sizeable drop from the Dh2.6 billion it had same time last year. The decline was brought on by higher impairment loss, of Dh2.15 billion.Last year’s tally also had one-off gains from the selling of shares in the payments processing company Network International. Total income for the first nine months this year was Dh18.3 billion, which is an 18 per cent improvement from a year ago.The group’s profit before tax came to Dh1.69 billion, while net income was Dh589 million — as against Dh4.7 billion a ye...
Renaming “urgent bills” backdoor is no improvement | Daily FT
In many countries the people are afforded many opportunities to check whether the Legislature is doing what it should do and to see whether laws are consistent with the Constitution. In Sri Lanka, there is only a small window within which this can be done. What the amended 20th Amendment seeks to do is narrow that window even further. The Cabinet is still trying to get its way by playing word games – Pic by Shehan GunasekaraThe Cabinet wants us to believe that it has backed off from restricting the limited opportunity given to the public to challenge bills prior to approval. But it has retaine...
Daily Financial Times
Buyabans.com promotes safe and convenient shopping online | Daily FT
Staying safe while shopping is a very important factor to consider with the Covid-19 pandemic abound in Sri Lanka. With the vast improvement in technology and functionality that has taken place in the recent past, BuyAbans.com offers you the best products from renowned and top global and local brands available for purchase online anytime anywhere. Shopping online is so simple and convenient in every way, as you can buy whatever you want from the protection of your home, without taking the risk of going outside. This is also the perfect solution to getting your favourite products and items hass...
Daily Financial Times
Biden leads Trump by 11 points in latest Florida poll. But don't get too excited or mad
FORT LAUDERDALE, Fla. — A Quinnipiac University poll released Wednesday shows Democrat Joe Biden with an 11-point lead over President Donald Trump.Quinnipiac reported Biden had support of 51% of likely voters compared with Trump’s 40%.That’s an improvement for Biden since a Sept. 3 Quinnipiac Poll when he was ahead of Trump by 3 percentage points in Florida, 48% to 45%. Combined with Biden leads in Pennsylvania and Iowa, Quinnipiac polling analyst Tim Malloy said in a written analysis Wednesday that “the president’s hopes for reelection are growing dimmer by the day.”But for many reasons, it’s...
Insufficient capacity dampens air cargo in August
The International Air Transport Association (IATA) has released data for global air freight markets in August showing that improvement remains slow amid insufficient capacity.Demand moved slightly in a positive direction monthon-month; however, levels remain depressed compared to 2019. Improvement continues at a slower pace than some of the traditional leading indicators would suggest. This is due to the capacity constraint from the loss of available belly cargo space as passenger aircraft remain parked.Global demand, measured in cargo tonne-kilometers ( CTKS*), was 12.6 percent below previous...
Edo 2020: Blueprint For Better Elections In Nigeria
he just concluded Edo governorship has been described by analysts as an almost violence-free election and relatively credible, while others believe the elections can be used as a model for future elections in Nigeria.The election was indeed a substantial improvement from what was experienced during the Kogi and Bayelsa elections where massive violence and electoral malpractice seemed to be the order of the day.The civil society organisations had called for the cancellation of the Kogi election due to a lot of infractions that substantially undermined the credibility of the process.The credibil...
The Car Coach: 2021 GMC Yukon Denali - the BEST Luxury SUV Deal?
The 2021 Yukon Denali debuts with a more confident stance and improved proportions with a longer wheelbase and new chassis. The improvements are impressive with a big bold new exterior design. The biggest story is not the size, but the improvement in the interior.Special to the Denali trim is the highest level of premium features and content in the new Yukon and Yukon XL. Some of the highlights include High Definition Surround Vision camera; a15-inch-diagonal multicolor Head-Up Display Rear Pedestrian Alert; and Magnetic Ride Control for amazing on and off-road handling. Some of the premium av...
Communities Digital News
Sports, cricket stadiums and the Shalika Grounds | Daily FT
Of all the grounds that have lost their way, probably the most pathetic is the fate of what is referred to as the Shalika, formerly known as CTB grounds at the Lanka Hospital (Apollo) end of Park Road – Pic by Ruwan WalpolaUndeniably, one of the most attractive developments witnessed in the city of Colombo of late is the planned improvement of its parks and walking tracks. While the very popular Independence Square walking track is the star of the category,there are several other walks that were developed about the same time: Nawala, near the Parliament, Waters Edge, Bellanwila to name a few.T...
Daily Financial Times
No measures, no monitoring, no improvement
For the improvement in government we long for, measures are needed. But without frequent monitoring, failure very often happens.Let us apply this concept of measures and monitoring as they relate to actual improvement to nine agriculture governance initiatives. These were identified during the July 26 meeting of the Agri-Fisheries Alliance (AFA) with President Duterte, as represented by Agriculture Secretary William Dar.The five coalition AFA (representing farmers and fisherfolk, agribusiness, science and academe, rural women and multisectors including the Philippine Chamber of Commerce and In...
Philippines Daily Inquirer