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LOLC Holdings PLC has announced that it has received 422 million dollars as the first tranche by selling its 70% stake from Cambodia’s largest Microfinance Company, PRASAC, to the world’s sixth largest Commercial Bank and Korea’s biggest Commercial Bank, Kookmin.
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Measures to stem the spread of the coronavirus can only be lifted slowly, if the right public health measures are in place, including significant capacity for contact tracing, the head of the World Health Organization (WHO) said Monday.
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An ‘exit strategy’ for the prevailing curfew could be implemented by end of April for several districts in the low risk zone if the country continues to execute the present Covid-19 prevention measures in a proper manner, Director-General of Health Services, Dr. Anil Jasinghe said.
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India and other South Asian countries including Sri Lanka are likely to record their worst growth performance in four decades this year due to the coronavirus outbreak, Reuters news agency said quoting the World Bank on Sunday.