~ Janashakthi partners Foundation of Civilian Bravery for third consecutive year
The Foundation of Civilian Bravery Sri Lanka and leading Sri Lankan insurer, Janashakthi Insurance PLC, has joined hands for the third consecutive year to present the ‘Janashakthi – National Civilian Bravery Awards 2018’. The 24th edition of the awards will honour and celebrate selfless acts of bravery committed by Sri Lanka’s unsung heroes.
With the grand awards ceremony set to be held on the 14th of June 2018, the Foundation of Civilian Bravery Sri Lanka invited civilians from across Sri Lanka to apply for, or nominate their fellow citizens, for acts of bravery committed between the 1st of January 2017 and the 31st of December 2017. This year, Janashakthi and the Foundation of Civilian Bravery have received the highest number of entries in the event’s history. The entries are currently being shortlisted and the winners will be selected by a distinguished panel of judges, based on the evidence submitted and face to face interviews.
“We are delighted to present these awards to civilians who have shown immense strength and courage. The Awards provide a national platform to celebrate the nation’s unsung heroes who have valiantly risked their own lives to save someone else’s life. This year, we have witnessed an increase in popularity for the awards as we have received the highest number of entries in the history of this event. We invite our fellow Sri Lankans to join us in this worthy endeavour by celebrating the winners, who will be unveiled on the 14th of June,” said Kasun Chandraratne, Founder / President of the Foundation of Civilian Bravery Sri Lanka.
“The Foundation of Civilian Bravery Sri Lanka has been honouring selfless brave civilians for 23 years and it is our privilege to support them in this noble endeavour for the third consecutive year. Being a responsible insurer with strong local roots, we recognise the value of timely assistance during moments of peril. Hence, we are delighted to acknowledge and celebrate these acts of bravery conducted by every day heroes at the upcoming ‘Janashakthi – National Civilian Bravery Awards 2018’,” said Jude Fernando, Director of Janashakthi Insurance PLC.
There are several categories of awards being given away at the ‘Janashakthi – National Civilian Bravery Awards 2018’. The Budal Na Gold Award and the Silver Medals, the mainstay of the event, are awarded to citizens of Sri Lanka who voluntarily risk their lives to save others. The Civilian Bravery Philanthropy Award is to be accorded to individuals who have built a community establishment such as a hospital or school, primarily from their personal funds. The Civilian Bravery Fauna / Flora Award is for individuals who have exhibited initiative and dedication to protect fauna and / or flora. The Civilian Bravery Nur (Life) Award recognises a donor’s substantial contribution for the promotion of Civilian Bravery by way of personal dedication, media exposure or media research and exposure to discover risks to life. The White Swan Medal for the Students Civilian Bravery Social Activity Award is to be presented to a student who has performed his or her duties to achieve the objectives of social service organizations.
The Foundation of Civilian Bravery Sri Lanka is a non-profit organization, established by Act No 4 of 2009, dedicated to honouring civilians who voluntarily risk their lives saving or attempting to save the lives of others. Established in 1993, the Foundation bestows medals of bravery annually at ceremonies in Colombo.
Founded in 1994 as a Life Insurance company, Janashakthi Insurance PLC made its mark in the industry as an innovator and household name over a span of over 23 years. Janashakthi has a strong presence across the island, with an expanding Life Insurance network and a dedicated call centre. In line with its vision of lighting the lamp of insurance in every home and workplace, Janashakthi remains committed to becoming a leader in the Life Insurance industry by delivering a service beyond insurance to its customers and stakeholders.
Photo caption: Jude Fernando, Director of Janashakthi Insurance PLC (left) and Kasun Chandraratne, Founder / President of the Foundation of Civilian Bravery Sri Lanka
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‘National Civilian Bravery Awards 2018’ to honour Sri Lanka’s selfless heroes
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Pradeep Edward elected as President of SLIM at the 48th Annual General Meeting
The Sri Lanka institute of Marketing, incorporated by Act no. 41 of 1980 of the Parliament, elected Mr Pradeep Edward as its 40th President at the 48th SLIM Annual General Meeting held recently.
The new Council members and Executive Committee consist of prominent figures in the Marketing arena and is spearheaded by President Pradeep Edward, the CEO of Lanka Hospitals Diagnostics (Pvt) Ltd, taking over from the Immediate Past President Mr Karthik Elangovan, Director/ CEO – Unisons Capital Leasing Ltd (A subsidiary company of CDB), Business Consultant Suranjith Swaris, and the General Manager of Derana /Power House Ltd., Roshan Fernando were elected as Vice Presidents. The Secretary is the Marketing and Communications Manager of South East Asia New Markets at Microsoft Sri Lanka, Ms. Thilanka Abeywardena, while the Treasurer is Lakshitha Wijesinghe, Senior Manager of Group Corporate Planning and Strategy at Dialog Axiata and the role of Assistant Secretary will be held by Ranga Perera, Director – Sales and Marketing Integrated Media Network (Pvt) Ltd.
The Executive Committee also comprises of ten experienced marketers: Shaminda Perera, Product Group Manager of Reckitt Benckiser Lanka Limited, Manthika Ranasinghe, Manager – Marketing Executions at Blue Mountain Luxury Apartments Colombo 4 (Pvt) Ltd, Enoch Perera, Senior Marketing Manager – Exports at Primal Glass Ceylon PLC, Nuwan Gamage, Head of International Markets of Kindai Kagaku Lanka (Pvt) Ltd & Dreamron Group of Companies, Chinthaka Perera, General Manager – Sales at Hemas Pharmaceuticals (Pvt) Ltd and Hemas Surgical and Diagnostics (Pvt) Ltd, Sathika Wickramasinghe, Manager – Consumer Insights at Fonterra Brands Lanka, Upali Ranjith, Media and Marketing Consultant at Food & Nature Private Limited (FADNA), Viraj Perera, Managing Director at Reliance Holdings (Pvt) Ltd, Kaushala Amarasekara, Deputy General Manager – Marketing at Laugfs Gas PLC and Gayan Lakshan Perera, Senior Brand Manager at Singer Sri Lanka.
SLIM has been the leading Marketing Institute and the National body for Marketing for nearly 50 years and has launched the careers of many a successful Marketers, both in the local and international arenas. The core objective of SLIM has been to contribute to the nation’s effort in achieving economic prosperity and sustainable development. This is evident by the top 39 Marketers in the island leading SLIM as Presidents over the years.
“The solid foundation which was laid by the past Presidents, Council Members, the Executive Committee and the employees has been a strong superstructure for SLIM for the past 48 years. As the Institute makes its way towards its 50th year, we gratefully look back at those who helped SLIM attain the illustrious name it bears today. We have decided to make 2018 a ‘Year of Gratitude’, where it would be a year to highlight the commitment, support and contribution made towards uplifting SLIM. This is a time to thank all the SLIM Past Presidents, SLIM Members, the Board of Study and Education Reforms Committee, the past and present Staff of the Institute, the Student Associations, the MBA Alumni, the Project Committees of SLIM, the Resource Personnel such as the Lecturers and Trainers and last but not least, many countless others who have unselfishly made invaluable contributions to the development and progress of the National Body for Marketing,” said Pradeep Edward, addressing a large gathering in his first address as SLIM President.
Pradeep Edward is a proud Product of St. Peter’s College Colombo 4 who counts over 22 years of work experience in both local and multinational companies, of which 17 were in the Managerial capacity. He has also served at Board level in General Management /COO and CEO Capacities for over 10 years. He is currently the CEO at Lanka Hospitals Diagnostics (Private) Limited.
Mr Edward is a Certified Professional Marketer (Asia Pacific), Practicing Marketer (Sri Lanka), Chartered Marketer (CIM-UK) and a Fellow Member of the Chartered Institute of Marketing (CIM-UK). He is also a Fellow Member of the Institute of Management Specialist (IMS-UK) and Certified Professional Finance Manager from the Institute of Professional Finance Mangers (IPFM-UK) and a Life Member of the National Body for Marketing, the Sri Lanka Institute of Marketing. Pradeep also holds an MBA from Buckinghamshire University, a Post Graduate Diploma in Marketing / Business Management and a Diploma in Finance.
He is a Past President of SLIM MBA Alumni and a Past President of the Pharma Promoters Association of Sri Lanka. Furthermore, he has served as Secretary of the Sri Lanka Chamber of the Pharmaceutical Industry, in association with the Ceylon Chamber of Commerce and held positions in the National Chamber of Commerce while being involved in activities with the Presidential Secretariat. He is currently a Member of the National Branding Committee to develop a strategic global campaign for Sri Lankan Exports, appointed by the Department of National Planning, Ministry of National Policies and Economic Affairs in coordination with the Export Development Board. He was also a Director of the CPM Society of Sri Lanka and was a forum member of the OPA. He has won international awards such as Specialized Marketing Manager Award from IMS-UK and has been a Judge and Technical Advisor at both local and international programmes such as NCE Exports Awards and Asia Marketing Excellence Awards.
Photo caption: (Above) Mr. Pradeep Edward SLIM President 2018/19 and (below) SLIM Executive Committee 2018/19
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Smart Trends International Lanka forms strategic parntership with Vocational Training Authority of Sri Lanka to offer Globally Certified Technical and Vocational Training Programmes
~ Minister of Skills Development & Vocational Training, Sri Lanka, witnessed the MOU signed between the two parties
Smart Trends International Lanka entered into a strategic partnership with the Vocational Training Authority of Sri Lanka to offer the UK awarding body, NCFE’s globally recognized certified courses in Sri Lanka.
The MOU was signed in the presence of the Hon. Chandima Weerakkody, the Minister of Skills Development & Vocational Training Sri Lanka.
Eng. (Dr) Lionel Pinto, the Chairman of the Vocational Training Authority of Sri Lanka and Dato Dr. Emmanuel Benson, the Group Chairman & CEO of Smart Trends International signed on behalf of their respective organizations.
NCFE is a national awarding organization, passionate about designing, developing and certifying high quality, nationally recognized qualifications and awards. These qualifications contribute to the success of millions of learners at all levels, bringing them closer to fulfilling their personal goals. Last year alone, over 340,000 learners from over 2,000 colleges, schools and training organizations chose NCFE as the awarding organization to help them move their careers forward. ( https://www.ncfe.org.uk/about-ncfe/ ).
Dato Dr. Emmanuel Benson, the Chairman & CEO of Smart Trends International Lanka said, “It is a significant and memorable milestone for Smart Trends International Lanka to be given the honour to partner with the Vocational Training Authority of Sri Lanka in this strategic partnership. Our first initiative will be to develop and design a scaffolding training course (Level 1-4) incorporating innovative learning solutions, taking into account current local manpower expertise and needs and aligned to industry requirements.
This will include a process, whereby Smart Trends International and NCFE will identify and train a master-trainer who will then conduct the train-the-trainers programme in Sri Lanka, with a con-current programme for independent assessors”.
“Furthermore, we are confident that these courses will allow Sri Lankans to up-skill and up-scale their vocational expertise, thereby allowing them to be highly employable not only within Sri Lanka but within the regional and global construction industry, where their expertise will be in much demand in the long run”, added Dr. Benson.
Besides NCFE, specific training programmes will also be endorsed and certified by the Industrial Training Institute of Kuala Lumpur, the oldest vocational training institute in Malaysia, founded in 1964.
Smart Trends International Lanka will build a dedicated custom-built Scaffolding Training facility and simulated training and test area with six purpose-built scaffolds. Besides the above, training facilities with class room and management offices will also be opened concurrently.
The Level-1 Scaffolding course will be spread over 10 days and offer insights into scaffolding; from duties and responsibilities to scaffolding materials used and types, practical theory and on-site training to safety issues and a 3-4-part assessment.
“We are confident, that by working in close partnership with the Vocational Training Authority of Sri Lanka, we will be able to offer a globally benchmarked qualification on scaffolding knowledge and practical skills that will prepare Sri Lankans who will be entering the building industry to erect scaffolding safely and according to specifications”, said Dato Dr Benson.
The VTA (Vocational Training Authority of Sri Lanka) was established with the intent of providing skills for employment by the Manpower Division, which is the training arm of the Labour Department that was running Technical and Vocational Education, as well as training programmes in many parts of Sri Lanka. This was converted to the newly constituted Vocational Training Authority making vocational training more accessible to rural youth and depressed segments of the country.
The VTA operates as the largest training center network of Vocational Training with 224 Vocational Training Centers, 22 District Vocational Training Centers and 7 National Vocational Training Institutes, from a mere 31 Vocational Training Centers in 1995. The VTA trains up to 35,000 youth annually in 83 trades in 18 trade sectors.
Smart Trends International (Malaysia) Sdn Bhd is a leading Training, Recruitment and HR Consultancy offering globally recognized, certified programmes with accredited partners. Our customized learning and support solutions help entities enhance productivity, reduce time-to-market, improve produce and process quality, and increase revenues. In Malaysia, Smart Trends International works closely with the HRDF (Human Resources Development Fund) under the aegis of the Ministry of Human Resources Malaysia to provide recruitment, training and job placement for Malaysians, as well as develop tailor made programmes based on industry needs for the up-skilling and up-scaling of the Malaysian workforce, thereby further enhancing their employability and high-income capability. Smart Trends International Lanka is a member of this group.
Photo caption: (Above – from left) Dato Dr. Emmanuel Benson – Chairman & CEO of Smart Trends International Lanka; HE Azhar bin Mat – Acting High Commissioner of Malaysia to Sri Lanka; Chandima Weerakkody – Hon. Minister of Skills Development & Vocational Training; Eng. Dr. Lionel Pinto – Chairman, Vocational Training Authority Sri Lanka and Thilak Kariyawasam (Attorney at Law) – Vice Chairman, Vocational Training Authority at the signing of the MOU
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(From left) – Eng. Nissanka N. Wijeratne – Secretary General/CE of the Chamber of Construction Industry Sri Lanka; Eng. Dr. Lionel Pinto – Chairman, Vocational Training Authority Sri Lanka; Chandima Weerakkody – Hon. Minister of Skills Development & Vocational Training; Dato Dr. Emmanuel Benson – Chairman & CEO of Smart Trends International Lanka and Maheswaren Balakrishnan – COO of Smart Trends International Lanka
(From left) – Eng. Nissanka N. Wijeratne – Secretary General/CE of the Chamber of Construction Industry Sri Lanka; Eng. Dr. Lionel Pinto – Chairman, Vocational Training Authority Sri Lanka; Chandima Weerakkody – Hon. Minister of Skills Development & Vocational Training; Dato Dr. Emmanuel Benson – Chairman & CEO of Smart Trends International Lanka and Maheswaren Balakrishnan – COO of Smart Trends International Lanka
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Amãna Bank – Enriching the Lives of Women
As a mother, wife, daughter, or even as an entrepreneur, women continue to play an important role in shaping their family and society. Taking into heart the significant contribution of women, Amãna Bank over the years has introduced a host of people friendly banking solutions catering exclusively towards enriching the lives of the ladies segment in the country.
Due to the various responsibilities undertaken by women, being able to manage their finances effectively and efficiently whilst enjoying privacy and comfort is an important requirement. Understanding this requirement Amãna Bank has designed the Ladies Savings account. In appreciation of their commitment to serve and care to those around them, Amana Bank’s Ladies Savings Account offers a higher profit share compared to normal savings accounts. As women are inclined to nurture the savings habit amongst their children, Amãna Bank also offers pre-loaded Children’s Savings vouchers, thereby supporting them to give the very best to their children from an early age.
Further, in facilitating women customers with enhanced privacy and comfort in carrying out their day to day banking, Amãna Bank has introduced dedicated banking units exclusively catering to ladies. This service, which is available at a host of select branches, is a first in Sri Lanka’s Banking industry, thereby showcasing the Bank’s commitment to serve the female population in the country.
Understanding the sacrifices they undertake for their family, the Bank has also enabled private access for females to pursue the Bank’s Gold Certificate Financing solution. During the last few years many women have benefited from this unique solution, helping to lessen their burdens.
Commenting on its focus towards the ladies segment, the Bank’s Vice President Retail Banking and Marketing Siddeeque Akbar said “At a time when the entire world recognizes the role played by women, and as a tribute to them, Amãna Bank would like to re-emphasize our dedication to wholeheartedly serve the female population by offering a suite of customized solutions exclusively for ladies.”
Adding further Akbar said “We will reward women who care for each other by nurturing the savings habit and facilitate financial independence amongst them. We have initiated a special promotion, where the Bank will reward existing ladies savings customers for encouraging their fellow lady friends and family members to open Ladies Savings accounts. Such rewards will be not limited to only the existing customers, but will be also extended to the new customers as well.”
Through this promotion existing customers could walk away with gifts such as Juice Jugs, Steam Irons, Waffle Makers, Pop-up Toasters, Induction Cookers and Magic Bullets while new customers will be rewarded with Dessert Cup Sets and Microwave Pyrex Dishes. The promotion will be valid until stocks last.
Amãna Bank is the country’s only Licensed Commercial Bank to operate in complete harmony with the globally growing non-interest based banking model. With the mission of Enabling Growth and Enriching Lives, the Bank reaches out to its customers through a network of 28 branches, 4000+ ATM access points, Internet & Mobile Banking, Debit Card with SMS alerts, Online Account Opening, 365 Day Banking, Saturday Banking, Extended Banking Hours, 24×7 Cash Deposit Machines and Banking Units Exclusively for Ladies.
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Cargills Bank opens its newest ‘In-Store’ branch in Rajagiriya
Cargills Bank opened its newest “In-Store” branch in Rajagiriya in the heart of the administrative capital-Sri Jayawardenapura as a part of its expansion drive throughout the island. Located at Cargills Food City, No 395, Sri Jayawardenapura Mawatha, Welikada, Rajagiriya, the latest branch opening will be Cargills Bank’s 18th branch.
The new branch was declared open by the Chief Guest, Chairman & Non-Executive Director of Cargills Bank Ltd Mr. Louis Page and Guests of Honour, Deputy Chairman & Non-Executive Director of Cargills Bank Ltd Mr. Ranjith Page and President and Chief Executive Officer of The Coca-Cola Company Mr. James Quincey, in the presence of Deputy CEO/Managing Director of Cargills (Ceylon) PLC Mr. Imtiaz Wahid, CEO of Cargills Food Company Pvt Ltd Mr. Sidath Kodikara, COO of Cargills Foods Company Pvt Ltd Mr. Niroshan De Silva, Managing Director/CEO of Cargills Bank Ltd Mr. Rajendra Theagarajah, Executive Director of Cargills Bank Ltd Mr Prabhu Mathavan, COO of Cargills Bank Ltd Mr. Rohan Muttiah, DGM Retail Banking of Cargills Bank Ltd Mr. Darshana Ratnayake and Cargills Bank Rajagiriya Branch Manager Mr. Eranga Silva.
“We are pleased to open our new branch in Rajagiriya which is a vibrant and a fast developing township. Whilst the opening of our new branch gradually increases our network, we are glad to provide the community at large an opportunity to experience our superior “In-Store” Banking services through longer banking hours and 365-day banking. While we continue our expansion, this reinstates our commitment on the concept of supermarket banking, bringing banking and shopping under one roof” said Mr. Rajendra Theagarajah, MD/CEO of Cargills Bank Ltd.
“Cargills” is a brand that has been faithfully serving Sri Lankans for 174 years, built on a foundation of values and ethics. True to this heritage and the ethos of ‘Banking on the Human Spirit’, Cargills Bank is taking banking to the masses by being inclusive and accessible. The amazing Cargills Cash Savings Account is available at over 330 Cargills Food City outlets – allowing you to do grocery shopping and banking at the same place at your convenience. The Cargills Bank Debit Card with special offers is now a ‘must have’ for discerning customers.
Cargills Bank’s Head Office is in Colpetty with branches at Maitland Crescent, Maharagama, Old Moor Street, Wattala, Kandy, Peradeniya, Nuwara Eliya, Ratnapura, Thanamalwila, Matara, Galle, Kurunegala, Kaduruwela, Vavuniya, Chunnakam, and Jaffna.
Photo caption: (From left) Chairman & Non-Executive Director of Cargills Bank Ltd Mr. Louis Page; Managing Director/CEO of Cargills Bank Ltd Mr. Rajendra Theagarajah and President and Chief Executive Officer of The Coca-Cola Company Mr. James Quincey
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Alliance Finance Co. PLC, United Motors offer trade-in for Mitsubishi Motor Vehicles
A Memorandum of Understanding was signed by Alliance Finance Co. PLC and United Motors, to attune product offers to the changing needs of customers. The two reputed institutions have come together to present a unique solution, where a used vehicle can be traded in for a brand new Perodua or Zotye vehicle, eliminating the hassle of selling the existing vehicle for the customer.
The service mechanism introduced by Alliance Finance and United Motors is such that Alliance Finance will offer the trade-in facility for the existing vehicles of the customers, whilst United Motors will service the new vehicle requirement. The tie-up has given immense opportunities for customers to experience brand new vehicle ownership in Sri Lanka.
United Motors has established strong partnerships with global leaders such as Mitsubishi passenger vehicles from Japan, Perodua compact cars from Malaysia, JMC commercial vehicles, DFSK mini trucks and Zotye compact SUVs from China, Yokohama tyres from Japan, JK tyres and Mak lubricants from India, Valvoline lubricants and Eagle One car care products from the US, and TVS motorcycles from India. These products have proven to be popular with a diverse range of customers from across the island.
Under this scheme Alliance Finance Co. PLC, is also offering specially formulated leasing packages and the convenience of a fast and efficient service through its island-wide branch network. AFC Leasing is specially designed to help all those aspiring individuals to own an automobile that fits their purpose, budget and social status.
Photo caption: (From left) -Shalain de silva Deputy General Manager marketing(UML), Mr. Nilthana Nanayakkara Assistant General Manager(UML), Lional wijeyrathne Assistant General Manager(UML), Mr Mahesh Gunathilake CEO/Executive Director (UML), Mr Chanaka Yatawara Group CEO/Executive Director(UML), Mr. Romani de Silva- Deputy Chairman/Managing Director (AFC), Mr. Emmanuel Muttupulle- Chief Operating Officer (AFC), Mr. Suneth Sudasinghe Chief Commercial Officer (AFC), Mr. Kusal Jayawardana- Executive Director Finance (AFC)
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Picture Perfect Weddings happen at Waters Edge
If you are planning on celebrating the most important day in your lives in 2018, then some of the trends to watch out for are making comebacks from yesteryear. Last year saw a lot of rustic and contemporary themes making the headlines. This year though wedding planners and designers predict a comeback of the classic, dramatic and over-the-top floral décor for all seasons.
One of the key trends expected to make a statement this year is the return of bright colours and elaborate floral arrangements. Staying on from last year is also the naked greenery décor. More and more brides (and grooms!) are also choosing wood pallets, vintage ornaments and recyclable material for their décor. These trends are perfect for every type of wedding, from traditional celebrations to more casual parties.
Freshly cut foliage and transforming aisles into garden beds creates the quintessential English garden which is a dream right out of a Disney fairytale. Couples are also looking at shorter ceremonies and longer after-parties that allow them to literally let their hair down and enjoy their special day. Wedding planners have also predicted color palettes to take a turn towards shades of purples, including wine, lilac, lavender, and mauve.
Regardless of what trend you choose to follow, or even if you choose to break away and create your own, one place in Colombo allows you to truly live out your perfect wedding. Surrounded by tranquil water ways beautified by the exotic water lilies that bloom in the sunshine Waters Edge is a property ranked among the most sought after dream wedding destinations in the country.
Specifically picked for its multitude of outdoor locations Waters Edge boasts the Grand Lawn, and several smaller garden locations. The luscious green lawns can be converted to vintage gardens, a forest full of greenery, a lakefront pier or any setting you set your mind to. Apart from the wedding ceremony itself, these venues can also be used for pre and post wedding celebrations like bridal showers and bachelor/bachelorette parties, and home comings as well. With multiple seating options, an event of any size is not a problem for Waters Edge.
Speaking on the extensive list of services at Waters Edge Head of Banquet Sales Dilani Adihetty notes, “Waters Edge is also unique in its capability of customizing weddings to suit each couple’s requirements and budgets. The banquets team pays individual attention to the needs of every wedding, extending our expertise to choose the right menu to fit the theme of the day. We also suggest vendors for other wedding requirements such as flowers and décor, lights and sounds and even the wedding attire. Adding an unique touch of elegance that only Waters Edge can supply, couples can choose their getaway vehicle to be as exotic as a helicopter and sea-plane. In short we go not just the extra mile, but a few extra miles to ensure that couples really have the perfect wedding”.
Waters Edge’s award-winning pastry chef Nalin Hewage is also world-renowned for his cakes and cake structures that are customized to suit colours and themes and even guest list sizes. His creations have often been the showpieces of weddings held at the hotel.
For more information and to meet with the banquets team please call 0112 863863.
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Head of Banquet Sales Dilani Adihetty
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Sri Lankan stocks edge up as financials lead
Reuters – Sri Lankan shares ended firmer on Thursday led by financials, edging up from a nine-week closing low hit in the previous session, with block deals boosting turnover on the last trading day of the current fiscal year.
The Colombo stock index ended 0.57 points firmer at 6,476.78, edging up from its lowest closing level since Jan. 23 hit on Wednesday. The markets will be closed on Friday for a holiday.
The index rose 0.51 percent on week, its first weekly gain in five, but has fallen 1.14 percent this month.
“A number of crossings went through today and that helped to push the turnover. Being the last day of the financial year, we saw some window-dressing in some stocks,” said Dimantha Mathew, head of research at First Capital Holdings.
Shares in Sofltogic Holdings Plc rose 10.3 percent, while the biggest listed lender Commercial Bank of Ceylon Plc ended 1.9 percent.
Ceylinco Insurance Plc climbed 7.4 percent, while Dialog Axiata Plc inched up 0.7 percent.
Turnover stood at 3.5 billion rupees ($22.49 million), well above this year’s daily average of around 1.2 billion rupees.
Foreign investors bought a net 2.7 billion rupees worth of shares on Thursday, but they have net sold 2.6 billion rupees worth equities so far this year.
Political uncertainty and worries over a slowing economy weighed on sentiment, brokers said.
Sri Lanka’s economy grew by 3.1 percent in 2017, the slowest pace in 16 years and well below the 4.5 percent seen in 2016, revised government data released showed last week.
Prime Minister Ranil Wickremesinghe is facing a no-confidence motion, which will be debated on April 4 before voting, with analysts saying support from many political parties will be needed for Wickremesinghe to clear the vote.
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A meeting on construction industry challenges & proposed solutions held under President’s patronage
President Maithripala Sirisena has given instructions to the relevant authorities to prepare a system to issue licenses to excavate sand and stones needed for the construction industry, at one place.
The President has given these instructions participating in a meeting held at the Presidential Secretariat yesterday (29), regarding the challenges faced by the construction industry and the proposed solutions for these issues.
The President, expressing his views regarding the rumours circulating in the country as the Government has terminate the issuance of licenses to excavate sand and stones, said that it is totally wrong interpretation. He also said that during the past period the Government took several steps to prevent the irregularities done by the smugglers and some entrepreneurs in excavating sand and stones and further said that there is no restriction imposed to excavate sand and stones needed for the construction industry from allocated places.
President Sirisena further said that a system will be implemented to issue licenses directly to the relevant institutions to excavate sand and stones needed for the construction industry without the interventions of a third party .
It was discussed in detail regarding the steps that should be taken to encourage and promote the local construction industry.
During the meeting, the attention was drawn regarding the issues relating to the delay of payments to the contractors and also attention was paid to uplift the small-scale contractors through establishing a fund according to the provisions of the Construction Industry Development Act, conducting researches related to the industry, introduction of environmental friendly, cost effective and efficient construction technology methods, introduction of social welfare securities systems to people in the construction industry like pension schemes and long term insurances.
It was also discussed regarding establishment of a Task Force for the human resources development required to the construction industry. The President instructed the relevant sections to continue the existing programmes to reduce the shortage of construction skilled workers.
Special attention was paid regarding the huge environmental damage occurred in excavating sand and stones for the construction needs and broad attention was drawn regarding promotion of utilising of sea sand for construction activities minimizing the use of river sand and also discussed regarding the ways of encouraging private investors to use sea sand.
Providing opportunities for the local construction industrialists in foreign investment projects, minimizing of the participation of foreign construction companies in local construction projects were also discussed.
Minister of Housing and Construction Sajith Premadasa, Secretary for the Ministry of Housing and Construction Bernard Wasantha Silva, the Chairman of the Construction Industry Development Authority Eng. M R Jeyachandran, state officials, representatives from private construction companies participated in this meeting.
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US GSP trade programme to restart in April
The United States’ GSP trade incentive program me for Sri Lanka will become active again on April 22, the US Embassy said Saturday. “This will open our market up even more to Sri Lankan goods and create jobs,” said a spokesperson for the US Embassy in Colombo.
The program me had lapsed on December 31, 2017, after Congress failed to re-authorize the law. The GSP scheme for developing countries, which gives preferential duties to certain products, was reinstated in a budget bill on March 23. spokesperson said US importers who brought in Sri Lankan exports in the time in between could claim customs duties retroactively.One hundred and twenty countries, including Sri Lanka and the Maldives, regained GSP support with the March spending bill.
The US is the largest market for Sri Lankan exports, taking in about $3 billion worth of goods last year, according to the Ministry of Industry and Commerce. About 75 percent of those exports are clothing items. The re-authorized GSP scheme runs through December 31, 2020.
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De Saram & MTI set up JV for Legal Process Out-sourcing
Sri Lanka well positioned for a LPO destination
F. J. & G. de Saram, Sri Lanka’s leading corporate and commercial law firm – founded over 175 years ago, and MTI Consulting have set-up a JV called ‘Legal Source’ that offers legal process out-sourcing services to international and local clients. The services offered include: Contract Management, Legal Research, Legal Support Services and Intellectual Property Documentation. “Understanding the timely need for customized legal outsourcing solutions, we are excited to launch Legal Source in partnership with MTI Consulting. Our years of expertise in handling legal matters combined with MTI’s experience in strategy and market research will ensure that our clients receive the highest quality of service while ensuring value for money” said Shehara Varia, Partner at F. J. & G. de Saram and Director of Legal Source. Commenting on the venture MTI CEO Hilmy Cader said “Today, any business – be it a start-up or a multi-national has to deal with cumbersome legal aspects in their respective line of business. This makes it difficult to focus on the value adding activities of the business as considerable time, effort and money is spent for legal matters. We believe that the high standard of customized solutions offered will help our clients focus on what matters, while we take care of the rest.” Efjay E-Legal Limited (who will be the JV partner with MTI for this venture) is a fully owned company of F. J. & G. de Saram, set up in 2002 to provide knowledge process solutions drawing from the expertise of the firm. Their clients include most of the leading business houses, banks and financial institutions in Sri Lanka and the majority of the transnational corporations engaged in business in Sri Lanka, including Fortune 500 companies to multilateral agencies. MTI Consulting is an internationally-networked boutique management consultancy, offering advisory services in Strategy, Strategic Planning, Corporate Re-structuring, Process Re-engineering, Performance Management, International Market Entry, Feasibility Studies, Due Diligence, Corporate Finance, M&A, HR, Executive Search / Head Hunting, Marketing Strategy, Branding and Market Research. Since its inception in 1997, MTI has worked on over 630 assignments in more than 43 countries, covering a diverse range of industries, clients and business challenges. Visit www.legalsource.lk for further informationPhoto: Shehara Varia – Partner F. J. & G. de Saram and Director of Legal Source (2nd from right), Hilmy Cader – CEO MTI Consulting (3rd from right) with Anjali Fernando – Partner F. J. & G. de Saram and Christine Fernando – Business Analyst – MTI Consulting and Project Manager of Legal Sourc
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Range Rover Velar And Jaguar E-Type Zero Win At Gq Car Awards 2018
Jaguar Land Rover has won two trophies at the GQ Car of the Year Awards. GQ (formerly Gentlemen’s Quarterly) is an international monthly men’s magazine based in New York City and founded in 1931. The publication focuses on fashion, style, and culture for men, though articles on food, movies, fitness, music, travel, sports, technology, and books are also featured.
The luxurious and capable new Range Rover Velar won the ‘Climb Every Mountain in Luxury Award’, while Jaguar’s zero-emissions E-type Zero was named as ‘Best Use of Electricity since the Light bulb.’
In March 2017, the Range Rover Velar became the first car to ever be launched and displayed at the London Design Museum. Created with balanced proportions and elegant lines, the Velar brings unprecedented glamour and modernity to the Range Rover family, but without losing the famous go-anywhere ability of every Land Rover.
”That it can cruise effortlessly through any urban landscape is a given, but when called upon, it can also conquer where mountain goats fear to tread. We love the new Velar” – GQ Magazine
Mr. Gerry Mcgovern, Chief Design Officer of Land Rover is quoted as saying “Our continued evolution is driven by a relentless focus on creating highly desirable vehicles our customers will love for life. The Range Rover Velar brings a new dimension of modernity to the Range Rover family with an abundance of innovative technologies, all making this vehicle a joy to drive and be driven in. We’re honoured that the arbiters of style at GQ have recognized the tireless endeavors of our designers and engineers who have delivered a vehicle with compelling design, tailored technology and relevant innovation which come together to create a vehicle of instant desirability”
The Jaguar E-type Zero is a modern reinvention of Jaguar’s most iconic vehicle, fitted with a new zero emissions, all-electric powertrain. Built by Jaguar Land Rover Classic, the E-type Zero boasts an advanced lithium-ion battery pack with the same weight and dimensions as the original car’s XK six-cylinder engine. Weighing in at around 46kg less than a traditional E-type, the Zero can accelerate from 0-62mph in 5.5 seconds.
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Sri Lanka National Cricket Team Visits “ARIYANA” – Sri Lanka’s 1st Resort Apartment Project by Home Lands Skyline
Home Lands Skyline (Pvt) Ltd recently organized & successfully concluded a special patronizing event with Sri Lanka Cricket in order to commemorate company’s long-term relationship with Sri Lanka Cricket as the Official Real Estate Partner and to mark the début of “ARIYANA”; Sri Lanka’s 1st ever Resort Apartment Complex.
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The cherished gathering was comprised of more than 30 key Test & ODI players including; Angelo Mathews, Thisara Perera, Suranga Lakmal, Upul Tharanga, Kusal Janith Perera, Lahiru Thirimanne, Akila Dananjaya, Asela Gunaratne, Danushka Gunathilaka, Lakshan Sandakan, Niroshan Dickwella, Wanindu Hasaranga, Jeevan Mendis & Roshen Silva. The Chief Operating Officer, Sri Lanka Cricket; Mr.Jerome Jayaratne was also among the splendid crowd.
Consisting of 340 resort apartments, 06 levels & 08 towers spanning over 11 Acres and to be completed in 2020, ARIYANA is a promising luxury apartment project, which is a fusion of luxury, convenience, work-life balance & uncompromised bond with the natural environment.
Angelo Mathews and the cricketing élite was garlanded and welcomed to ARIYANA premises by Home Lands Skyline Team and were accompanied to the reception by Mr. Nalin Herath, Chairman, Home Lands Skyline (Pvt) Ltd & Mrs. Harshani Herath, Directress, Home Lands Skyline (Pvt) Ltd with a procession of Traditional Kandyan Dancers.
Mr. Nalin Herath, addressing the crowd, warmly welcomed the guests including Angelo Mathews and the sportive clique. While thanking the guests for adding glimmer to the gathering, Mr. Herath conveyed his special thanks to Honorable Deputy Speaker of the Parliament of Sri Lanka & President of Sri Lanka Cricket, Mr. Thilanga Sumathipala for his blessings in making the event a success.
The company and their luxury apartments was also briefed to the gathering which was followed by a cocktail evening. Meanwhile, the guests also visited the model apartment & gallery at proposed ARIYANA premises. It was a joyous event where members of the Sri Lanka National Cricket Team & other guests were taken on a golf cart tour around the project site. Along with the presence of remarkable guests, the three dazzling dancing acts added colour to the event, while the cool Jazz performance by saxophonist made the evening so impressive.
The cherished gathering was comprised of more than 30 key Test & ODI players including; Angelo Mathews, Thisara Perera, Suranga Lakmal, Upul Tharanga, Kusal Janith Perera, Lahiru Thirimanne, Akila Dananjaya, Asela Gunaratne, Danushka Gunathilaka, Lakshan Sandakan, Niroshan Dickwella, Wanindu Hasaranga, Jeevan Mendis & Roshen Silva. The Chief Operating Officer, Sri Lanka Cricket; Mr.Jerome Jayaratne was also among the splendid crowd.
Consisting of 340 resort apartments, 06 levels & 08 towers spanning over 11 Acres and to be completed in 2020, ARIYANA is a promising luxury apartment project, which is a fusion of luxury, convenience, work-life balance & uncompromised bond with the natural environment.
Angelo Mathews and the cricketing élite was garlanded and welcomed to ARIYANA premises by Home Lands Skyline Team and were accompanied to the reception by Mr. Nalin Herath, Chairman, Home Lands Skyline (Pvt) Ltd & Mrs. Harshani Herath, Directress, Home Lands Skyline (Pvt) Ltd with a procession of Traditional Kandyan Dancers.
Mr. Nalin Herath, addressing the crowd, warmly welcomed the guests including Angelo Mathews and the sportive clique. While thanking the guests for adding glimmer to the gathering, Mr. Herath conveyed his special thanks to Honorable Deputy Speaker of the Parliament of Sri Lanka & President of Sri Lanka Cricket, Mr. Thilanga Sumathipala for his blessings in making the event a success.
The company and their luxury apartments was also briefed to the gathering which was followed by a cocktail evening. Meanwhile, the guests also visited the model apartment & gallery at proposed ARIYANA premises. It was a joyous event where members of the Sri Lanka National Cricket Team & other guests were taken on a golf cart tour around the project site. Along with the presence of remarkable guests, the three dazzling dancing acts added colour to the event, while the cool Jazz performance by saxophonist made the evening so impressive.
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EPF, ETF benefits to domestic workers
Laws to make it mandatory for domestic workers including housemaids to contribute towards the Employees Provident Fund (EPF), will be introduced to Parliament after drafting them, Labour and Trade Union Relations and Sabaragamuwa Development Minister W.D.J. Seneviratne said.
Cabinet approval has already been received for drafting the necessary laws. Once these laws are approved, all domestic servants would be entitled to EPF and ETF benefits as well as accident compensation payments.
The Minister said a minimum salary of Rs. 10,000 is applicable to domestic servants too.Minister Seneviratne disclosed this at a meeting held to mark the opening of the newly built Polonnaruwa District Labour Office recently.
The three storeyed labour office situated at Kaduruwela built at a cost of Rs. 158 million, has all modern facilities.It will provide services to nearly 50,000 employees attached to nearly 3,000 institutions in the Polonnaruwa district.
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Mobiworld launches world-class Symphony mobile phones in Sri Lanka
Mobiworld (Pvt) Ltd recently launched international mobile brand Symphony in Sri Lanka. Bangladesh’s Number One Mobile Brand, Symphony sells 10 million handsets a year.
As the National Distributor in Sri Lanka for Symphony, Mobiworld has already introduced three Symphony products locally, with all three handsets currently available via a sales network encompassing over 1,000 retail outlets across the nation.
With prices as low as Rs. 1,990, the Symphony mobile range in Sri Lanka currently includes three feature phones, the B17, the B55 and the D10.
Comprising a 1.8-inch TFT QQVGA display, the B17 additionally comes with a 800 mAh Li-ion battery that allows up to 200 hours of standby time and 4 hours of talk time, as well as a handy VGA camera, Further, the phone plays MP3 audio and MP4 movie files, as well as providing FM Radio and even a Torch. The B17 is available in the market for Rs. 1,990.
The Dual-SIM B55 consists of a 1.8-inch TFT QQVGA display, with dual VGA cameras in front and back. Priced at Rs. 2,190, the B55 has a many other exciting features such as Wireless, FM Radio, GPRS, Bluetooth and even a voice changer, Magic Voice, which is backed up by a 800mAh Li-ion battery, with power saving mode.
Another Dual-SIM phone, the D10 offers up more advanced specifications including a 2.4” TFT QVGA display and 1000mAh Li-ion battery, with battery saver mode. This D10 also provides essential functions such as a VGA camera, as well as a MP3 and MP4 player and capabilities for Wireless, FM Radio, GPRS, Bluetooth, Magic Voice, etc. The D10 retails at Rs. 2,390.
Importantly, Mobiworld also includes an unbeatable 30-day replacement warranty with all Symphony products, which undoubtedly greatly improves the buying experience for its valued customers. In addition, Mobiworld also features a very quick after sales service that is well trusted locally, ensuring that any repairs will be handled with the best outcome possible.
Commenting on Symphony’s entry into Sri Lanka, Mobiworld (Pvt) Ltd Managing Director Sanjeev Ariaratnam said, “We are thrilled to partner with a world class brand like Symphony to make mobile phones even more affordable for all Sri Lankans. And we are particularly happy that Symphony has already, within a very short and exciting period, become well accepted in the local market, competing strongly with a lot of the more well known mobile phone brands. We are sure that Symphony’s wide range of handsets will lead to even more interest and passion from consumers so get ready for even more thrilling products and features to come in the near future.”
Adding to this, Symphony Regional Business Head Lily Wang said, “We are very pleased to enter the Sri Lankan market, as we see a lot of potential for Symphony in the country. We look forward to a long and successful partnership with Mobiworld.”
Symphony is a brand of Bangladesh’s EDISON Group, which holds an undisputed leadership position in that country’s mobile handset industry. Within short period of time, since its introduction at the end of 2008, the Symphony brand emerged as the fastest growing leading mobile handset brand in Bangladesh.
Relentless work by the company in ensuring exemplary service at all times, and the ability to provide stable and consistent solutions have maintained Symphony as the market leader in Bangladesh’s handset segment since 2010.
Aggressive pricing strategy, contemporary features and styling, international-quality builds, a strong distribution network and incomparable after sales service continually contributes to retaining Symphony as the preferred choice of Bangladeshi customers.
A well-respected mobile devices and accessories distribution company since 2017, Mobiworld (Pvt) Ltd has access to a wide network of regional distributors and over 1,000 retailers island-wide.
Mobiworld is the National Distributor in Sri Lanka for Symphony, Bangladesh’s Number One Mobile Brand.
Photo caption: Sanjeev Ariaratnam, Managing Director of Mobiworld (Pvt) Ltd.
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ACL Cables PLC Unveils ‘ACL Elegance’ new switch and socket range
Sri Lanka’s premier cable manufacturer in Sri Lanka, ACL Cables PLC unveiled ‘ACL Elegance’, its innovative new switch and socket range for the market at a glittering event recently.
The new ACL Elegance range was unveiled by Suren Madanayake, Manager Director ACL Cables PLC along with the brand’s iconic Russian model Ksenia. The milestone event was held during the last week of February at Cinnamon Grand, Colombo and in attendance were key ACL Cables dealers in the Western Province
The ACL Elegance range is manufactured at ACL Electric factory in Moragahahena, a fully owned subsidiary of ACL Cables PLC.
Currently the initially produced range is fully available in Western Province, with ongoing plans to market the products in other areas with increased production capacity.
Commenting on this landmark launch, Suren Madanayake, Manager Director ACL Cables PLC said, “ACL has always been at the forefront of introducing compelling, high in quality products. We identified a gap of quality switches and the need for switches with a higher standard. Hence our Research and Development team worked continuously during the past 6-10 months to produce a consumer friendly, easy to handle, stylish and long lasting switch.”
“The newly launched range demonstrates the aforesaid four key features we wanted to improve and maintain in a switch and socket of this nature. As a result we are extremely excited to present ACL Elegance range to our consumers as we believe its unique attributes would overcome the barriers of other switches and sockets of the same range currently available in the market,” he added.
ACL is renowned for continuously innovating its product range. In 2014, ACL launched its ‘VS Series’ range of switches and sockets, which is known today as the button type range.
Perfectly combining legacy with innovation, ACL Elegance showcases unique features previously unseen in the sector. These include, a proportional/matching look on the dolly button and front plate, reflective lenses enhancing its elegant look, a firm but smooth switch action and a hairline gap between the dolly and plate.
Additional features also include it being compatible to the standard mounting box signifying an easy replacement on an existing mounting box (where there is no requirement to replace a mounting box to a deep one when replacing with the Elegance series), bigger hole size terminals/oversize screws assure hazel free wiring and proper connectivity, front cover plate that can be easily be removed as and when required and high quality components and fire retardant material.
While ACL Elegance’s basic range is white, consumers can also choose from a range of colour switches such as black matt, bronze and grey.
ACL Cables holds a market share of 70% as a group, marketing a wide range of products including, electrical wiring (for households and construction projects), switches, sockets, trip switches, breakers, ceiling fans etc., with quality unmatched by any other manufacturer in the industry.
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Celebrate the Joys of April at Waters Edge
Come celebrate the joys of the New Year in true traditional Sri Lankan style this April at Waters Edge. The signature Sri Lankan restaurant Thuna Paha is transforming itself to an “Avurudhu Gammanaya” complete with the sights and sounds of true village life. Overlooking the tranquil waters of the Diyawanna, this will be the ideal location to spend the holidays.
Month of Waffles
Head on down to the Tea Lounge at Waters Edge any time this April for an overflow of warm comfort food as we celebrate the ol’ favourite waffle. Topped with Spicy Chicken Bockwurst or Grilled vegetables and Sundried Tomatoes for the spicy fans or a complete indulgence of Chocolate Coated Waffle with Strawberry and Basil or a Nutella Waffle for the sweet lovers, the aroma of these delights itself will be enough to comfort your soul.
Kavili Kade
One of the best parts about April is the chance to savour those traditional Sri Lankan sweet meats oozing with honey. But us Colombo folk can hardly find the time to make them at home. So, Waters Edge is being gracious enough to set up a live cooking KaviliKade where all the sweet treats will be turned out right before your eyes. Bring the entire family down from the 10-17 April to witness the making of Kavum, Kokis, Mung Kavum and more.
Avurudhu at Thuna Paha
For the real experience of a gamey avurudhu, the signature Sri Lankan restaurant at Waters Edge “Thuna Paha” is creating an Avurudhu Gammanaya on the 7th of April complete with all the traditional games like Kotta Pora, Tug-O-War and much more. The all-Sri Lankan menu will feature favourites from all corners of our island nation paying tribute to the harmonious island life that is celebrated with the dawning of the New Year.
For more information please contact Waters Edge on 0112 863863.
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AIA Real Rewards Awards Presentation
AIA Insurance was proud to host the first awards presentation for the new Real Rewards programme, which is bigger and better than ever before! 35 customers from Colombo together with their respective Wealth Planners, DU Heads and Provincial Managers gathered at the AIA Tower, for this momentous event. AIA Director Operations Kelum Senanayake and Associate Director Agency Chaminda Adikari welcomed the winners and presented the rewards to them.
Customers that attended the ceremony also got the opportunity to visit the dynamic Life Operations Floor of the AIA Tower. The ceremony was followed by lunch and fellowship. The AIA Real Rewards programme rewards more than 600 winners every month, with a host of prizes including holiday packages to Bangkok, tabs, smart phones and much more.
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Oman Air Announces New Codeshare Agreement with Bangkok Airways
Oman Air, the national carrier of the Sultanate of Oman, is proud to announce a new codeshare agreement with Bangkok Airways, offering greater connectivity and an extended range of services between Muscat and popular cities in Thailand.
The new agreement, which commenced from April 1st 2018 was signed by Aboudy Nasser, Senior Vice President of Network Planning & Revenue Management for Oman Air and Pakorn Rattanarod, Director of Route Profitability and Alliance for Bangkok Airways.
Under the agreement, Oman Air will put its “WY” designator code on Bangkok Airways flights, serving eight domestic routes. This includes well known destinations in Thailand such as Chiang Rai, Chiang Mai, Phuket, Krabi, Lampang, Trat, Sukhothai and Samui.
Thailand is an increasingly important market for Oman Air and the growth in passenger numbers on Thailand routes is a testament to Oman Air’s high quality service and the ongoing support of the airline’s valued guests. Oman Air’s guests travelling on Bangkok Airways will enjoy the boutique airline’s high level of service, lounge access and in-flight meal.
Codeshares are an important part of Oman Air’s expansion strategy, providing greater choice, convenience and a seamless travel experience. The codeshare will support Oman Air and Bangkok Airways operations between the two countries and allow more travel options and facilities to Oman Air guests.
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Sri Lanka Post ushers Money Orders into the Digital Age in partnership with Sampath Bank
The Department of Post – Sri Lanka joined hand with Sampath Bank to unveil e-Pay Mobile Cash, a revolutionary service that leverages the wide spread network of post offices, sub-post offices and Sampath Bank ATMs around the island to enable real time money transfers in a secure and convenient manner.
Postmaster General, Mr. D. L. P. Rohana Abeyaratne dedicated this service to the nation at a ceremony held at the Department’s head office in the presence of Mr. Nanda Fernando, Managing Director, Sampath Bank PLC and other senior representatives from the Department of Posts – Sri Lanka and Sampath Bank.
“We are delighted to unveil the e-Pay Mobile Cash money transfer service together with Sampath Bank,” said Postmaster General, Mr. D. L. P. Rohana Abeyaratne. “With 4,610 post offices and sub-post offices around the island, we have one of the widest network of physical touch points in the country. And Sampath Bank continues to invest in expanding its network of ATMs. Leveraging our combined pan-island presence, this service is set to transform the way we Sri Lankans send and receive money to and from one another.”
In line with the Government’s efforts to transform conventional services using technology for the benefit of the public, the Department of Posts had entered into a strategic alliance with Sampath Bank to give a digital makeover to its traditional money transfer services. And e-Pay Mobile Cash was developed jointly by the two entities under this partnership.
“Continuing to leverage technology to offer greater value to consumers, we are excited to redefine peer to peer money transfer in the country with the launch of e-Pay Mobile Cash, in partnership with the Department of Post – Sri Lanka,” said Mr. Nanda Fernando, Managing Director, Sampath Bank PLC. “A convenient and secure means of sending and receiving money in an instant, it combines the strength of the network of post offices, sub-post offices and Sampath Bank ATMs to deliver an unparalleled real time money transfer service, island wide. We look forward to witnessing our fellow Sri Lankans send and receive money to and from their loved ones through e-Pay Mobile Cash, a service that is set to enhance the quality of their lives.”
Consumers can send and receive anything between Rs.1,000 and Rs.25,000 per transaction, through e-Pay Mobile Cash which will be available 24 hours of the day, 365 days of the year. To send money, one simply needs to visit the nearest post office or sub-post office and provide the beneficiary’s name, address, National Identity Card (NIC) number and mobile number along with the amount to be sent. The beneficiary will instantaneously receive a text message with the amount and an approval code (PIN). He / she can immediately withdraw the money from one of Sampath Bank’s 388 ATMs around the island, without an ATM card, by selecting the mobile cash option and entering the approval code and his/her NIC number.
Offering consumers around the island a convenient and secure means of sending and receiving money around the clock, without any delays, e-Pay Mobile Cash is set to change the face of peer-to-peer money transfers in Sri Lanka in the days to come.
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