Business
Nations Trust Bank American Express and FriMi recognised at Daraz Payment Partner Performance Awards 2022
Nations Trust Bank American Express and FriMi were recently recognised by online shopping marketplace, Daraz for the Card’s exceptional contribution to Daraz’s customer network through its extensive Cardmember base. The awards for ‘Most Valued Credit Card Base’ and ‘Campaign Promoter’ were presented to Nations Trust Bank at the Daraz Payment Partner Performance Awards 2022, held on the 28th of July 2022, at Uga Residence, Colombo.
The Daraz Payment Partner Performance Awards is an annual celebration of payment partners and seeks to reward and recognise the contribution of bank partners towards the success of the platform’s business model.
Niluka Gunatilake, Head of Cards at Nations Trust Bank, commented on the receipt of the awards saying, “We are delighted to have been awarded at the Daraz Payment Partner Performance Awards 2022. Nations Trust Bank American Express has contributed to Daraz’s extensive customer network by leveraging our large and diverse base of valued Cardmembers. In a fast-paced market, adapting to e-commerce and digital payments, consumers have come to expect the best of savings when shopping online, combined with convenience and security. Thus, we too are constantly on the lookout to provide exceptional savings and value to our Cardmembers, and our partnership with Daraz has helped us to deliver in this area. Therefore, we are excited to be working on many more upcoming projects with Daraz and look forward to supporting Sri Lanka’s biggest online platform to #GrowWithAmex.”
Daraz is the South Asia’s premier online shopping marketplace, backed by global ecommerce giant, Alibaba Group, and has successfully brought together consumers and sellers to create Sri Lanka’s largest e-commerce venue. Nations Trust Bank American Express and FriMi tied up with Daraz for its 11:11 Sale, Grand Christmas Sale and Avurudu Wasi Campaigns, which offered amazing savings to Cardmembers on over 2.5 million products. Nations Trust Bank American Express also exclusively conducted “Daraz e-Sale Mondays with American Express” during February and March 2022.
Business
Indo-Sri Lanka Chambers forge alliance to drive infrastructure and real estate investment
By Sanath Nanayakkare
In a major boost to bilateral economic ties, the Chamber of Construction Industry of Sri Lanka (CCISL) and the Indo–Sri Lanka Chamber of Commerce & Industry (ISCCI) have signed a strategic Memorandum of Understanding (MoU) to deepen cooperation in real estate, infrastructure, and urban development.
The agreement establishes a formal framework for both institutions to drive collaborative initiatives, including business delegations, high-level conferences, workshops, B2B matchmaking sessions, and technical site visits. Designed to bridge businesses, government institutions, and project stakeholders across the Palk Strait, the partnership aims to unlock new avenues for cross-border joint ventures and technology transfers.
A focal point of this newly minted partnership is the facilitation of an upcoming trade delegation from the National Real Estate Development Council (NAREDCO) of India. Comprising major Indian players in the real estate and infrastructure sectors, the visiting delegation will engage in targeted business meetings, workshops, and inspection tours of prominent construction projects in Sri Lanka.
Under the terms of the MoU, CCISL will serve as the principal host coordinator in Sri Lanka. In close consultation with ISCCI, the apex construction body will curate itineraries, identify viable projects for engagement, and facilitate high-level dialogues with key government agencies, regulatory bodies, and industry leaders.
With both nations prioritizing sustainable urban growth, modern construction technologies, and infrastructure expansion, industry leaders view the partnership as a timely catalyst for economic rejuvenation. The collaboration is anticipated to accelerate market access, knowledge exchange, and foreign direct investment into Sri Lanka’s burgeoning property and development sectors.
To ensure the success of the upcoming NAREDCO delegation, CCISL has issued an urgent appeal to statutory authorities and relevant project owners to come forward with viable investment proposals. Stakeholders holding projects seeking foreign investment or technical partnerships are invited to submit comprehensive details to the Secretary General and CEO of CCISL via email at secyces@gmail.com.
Both chambers emphasize that translating this foundational agreement into tangible partnerships and robust capital flows will significantly strengthen bilateral connectivity between the construction and real estate sectors of India and Sri Lanka.
Business
Hettich celebrates a decade in Sri Lanka with partner meet in Colombo
Hettich, the globally renowned German manufacturer of furniture fittings and architectural hardware known for its state-of-the-art manufacturing plants and magical interior solutions across the world celebrated a significant milestone in Sri Lanka, marking 10 years of presence in the country with its inaugural Partner Meet in Colombo.
The landmark event brought together Hettich’s key partners, stakeholders and industry leaders to celebrate a decade of growth, collaboration and shared success, while reaffirming the company’s long-term commitment to the Sri Lankan market.
Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality, contributing to the creation of contemporary and intelligently designed living and working spaces across the country.
The gala evening was graced by a distinguished delegation of senior leaders, including Dr. Andreas Hettich, Chairman, Hettich Group Advisory Board; S. K. Poddar, Chairman, Hettich India & Adventz Group; Mr. Akshay Poddar, Director, Hettich India; Andre Eckholt, Managing Director, Hettich India, SAARC, Middle East & Africa; Rahul Thakkar, Director – Sales, Hettich India & SAARC; and Dinusha Bhaskaran, Managing Director, Vallibel One PLC.
Business
GS Evo Motors launches all-new JMEV EWIND
GS Evo Motors Limited, the authorized distributor of JMEV electric vehicles in Sri Lanka, has officially launched the JMEV EWIND, a next-generation compact electric SUV. The vehicle is designed to offer strong performance, intelligent technology, premium comfort, and high safety standards, marking another milestone in Sri Lanka’s growing electric mobility sector.
The EWIND features a sleek, aerodynamic exterior with penetrating LED daytime running lights, trapezoidal chain-inspired LED tail lamps, 19-inch alloy wheels, and a bold silhouette. Inside, it offers a spacious cabin with a panoramic moonroof and retractable curtain, an ultra-thin suspended instrument panel, a D-shaped multifunction steering wheel, multi-colour ambient lighting, premium finishes, and electrically adjustable front seats.
The SUV is available in single-motor front-wheel drive configurations, producing up to 108 kW and 210 Nm, with 0–100 km/h acceleration in 8.9 seconds.
-
Sports4 days agoDDS set to lose Test captaincy
-
News7 days agoThailand shuts door on undesirables from Sri Lanka
-
News4 days agoSri Lanka faces new grid challenge as rooftop solar surges: former CEB GM
-
Latest News4 days agoShafali, Deepti power India into sixth T20 Asia Cup final
-
Business7 days agoCEB successor company breaks into top three in competitive BESS tender
-
Opinion6 days agoNavigating Sri Lanka’s Israeli Dilemma
-
Latest News3 days agoSri Lanka thwart Fatima Sana challenge to secure Asia Cup final spot
-
Features5 days agoLost for 90 years: Rare Goby resurfaces in Jaffna
