Business
ASUS announces launch of VivoBook S Series laptops
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ASUS recently announced the launch of ASUS VivoBook S Series laptops in Sri Lanka, specifically targeting the young users.
The ASUS VivoBook S series is a perennial favorite, and the new S14 and S15 models debut a new bolder look that’s sure to get pulses racing. If the flashy chassis colors aren’t enough to do that, the bold yellow Enter key will do the trick. Anodized diamond-cut chamfered edges give the slim chassis an even more svelte appearance and make it easier to open the lid, while the new VivoBook logo highlights the simple but extraordinary craftsmanship of this beautiful laptop.
To celebrate a new decade, the VivoBook S lineup introduces new colours.
VivoBook S Series also includes stickers featuring unique designs and phrases that harmonize with each of the four different VivoBook colors, allowing younger users to further personalize their VivoBook.
The slim and lightweight ASUS VivoBook S Series keeps users productive and entertained, even on the go. With an overall weight starting from just 1.4 kg and featuring an ultrathin profile that’s as slim as 1.59 mm, they both offer effortless portability.
Thin-bezel NanoEdge displays provide an immersive viewing experience and enable a more compact footprint, so VivoBook S14 and S15 take up less space on a desk or in a bag, and the FHD display offers wide viewing angles and exceptional color reproduction for truly vivid visuals.
With its 15.6-inch display, VivoBook S15 offers the maximum screen space in a compact footprint, so it’s the most practical choice for those who tend to multitask with two or more active windows on the screen. VivoBook S14 is a great all-round size for a wide variety of users, with its 14-inch display and weighing in at 1.4 kg.
Business
Our future is tied together even more than our past was, says Indian HC
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India – Sri Lanka bilateral relations
By Sanath Nanayakkare
Sri Lanka cannot afford to stay in isolation and the two countries’ future is tied together even more than in the past, was the highlight of the keynote speech delivered by Santosh Jha, the High Commissioner of India to Sri Lanka, at the Innovation Island Summit held at ITC Ratnadipa on 20 February 2025.
“Like any other country, Sri Lanka cannot afford to remain in isolation, and the futures of the two nations are more interconnected than ever before, the Indian HC pointed out, addressing the key event attended by 200 participants from over 45 countries.
The following are some excerpts from his speech.
“Sri Lanka is on the cusp, potentially, of a big change. People’s aspirations and expectations have found a new expression in the two elections held in Sri Lanka. The Covid pandemic and the economic crisis in Sri Lanka has underlined the need for a transformation that many Lankans have yearned for generations to happen.”
“Sri Lanka as an Island country is particularly vulnerable to climate change. It is also blessed with rich potential for green energy, including for energy exports to the larger Asian region. And Chrome because digitization has become the new currency for low middle income countries to transcend their entrenched inefficiencies; and to outgrow them to position themselves to take full advantage of the many opportunities in an emerging geo-technological age.”
“Third, and this is my last point. Like any other country, Sri Lanka cannot afford to stay in isolation. Global connectivity and interdependence remain a norm even in this new era of re-globalization. Whether it is markets abroad, or critical imports or tourism, investment and technology, Sri Lanka needs to remain engaged with the rest of the world. This requires a better understanding of global trends and opportunities. I am sure that this conference would help build a better appreciation of the need for global engagement as a means to fulfilling the aspirations of Sri Lankans for change, growth, and prosperity.”
“As far as we in India are concerned, we are engaged with Sri Lanka on the basis of our Neighborhood First and SAGAR approach. Our relations are based on the principles of solidarity; of sharing whatever best we can offer to each other; and being a partner of first as well as last resort. Today, our relations are better than ever before and spread across a wide range of domains. Prime Minister of India Shri Narendra Modi has described connectivity, energy and digitization as the three principal pillars of our development partnership. We are also engaged in other areas such as health, education, ports and airports, agriculture, fisheries in addition to security and defence. As civilizational twins, our partnership is a necessity and not a matter of choice. Our future is tied together even more than our past was.”
Business
Mohamed Zafir Azeez of Projector. LK wins two awards
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Mohamed Zafir Azeez, the founder of Projector.LK, has been recognized for his outstanding contributions to the industry for Business Excellence, Innovation, and Entrepreneurship. With over a decade of experience, he has built Projector.LK into a leading brand in Sri Lanka, providing high-quality Smart Boards, Multimedia Projectors and Business solutions.
Beyond business, Azeez is an inventor and researcher, focusing on emerging technologies and innovation. His dedication to entrepreneurship and technological advancements earned him these two awards he believes.
Committed to growth, Azeez aims to expand his business and continue pioneering technological solutions in Sri Lanka’s digital landscape, inspiring young entrepreneurs with his vision and leadership.
He expressed gratitude to his loyal customers for contributing to his success and vowed to continue winning awards in the future.”
Business
HNB Assurance Group achieves 21% GWP growth in 2024
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The HNB Assurance Group, comprising HNB Assurance PLC (HNBA) and HNB General Insurance (HNBGI), reported a strong financial performance for 2024, with a 21% increase in Gross Written Premium (GWP), rising from Rs. 18.8 billion to Rs. 22.7 billion. The Group also achieved a consolidated Profit After Tax (PAT) of over Rs. 1.8 billion, marking a 7% growth compared to the previous year.
HNBA, the only life insurance provider in Sri Lanka with an ‘A’ rating from Fitch Ratings Lanka, and HNBGI, which also secured an ‘A’ rating, demonstrated robust financial health. The Group’s Funds Under Management grew by 24% to Rs. 55 billion, reflecting the strength of its investment strategy. Additionally, the Group honored claims exceeding Rs. 6.7 billion, with a 98% complaint resolution rate, underscoring its commitment to customer trust.
Chairman Stuart Chapman highlighted the Group’s consistent growth, with a 22% average annual increase in GWP over the past four years. He also noted the Group’s strong capital adequacy ratios, with HNBA at 379% and HNBGI at 219%, well above the regulatory requirement of 120%. The Group’s share price grew by 42% in 2024, reflecting market confidence.
HNBA CEO Lasitha Wimalaratne emphasized the company’s 7.5% market share and its target to reach 10% by 2026. HNBA’s New Business Premiums grew by 27%, and its GWP increased by 26%. Despite higher operating costs from IT upgrades, the company achieved a 3% profit growth, with total assets reaching Rs. 53 billion.
HNBGI CEO Sithumina Jayasundara highlighted the company’s resilience, with a 14% GWP growth, double the industry average. Non-motor segments surged by 24%, with Marine, Fire, and Engineering Insurance achieving exceptional growth. Despite challenges in the motor insurance sector, HNBGI secured a 6% growth. The company also achieved a 59% growth in PAT and a market share of 7%, with total assets reaching Rs. 10.2 billion.
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