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SLIC Suba Pathum awards 375 scholarships for school children

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Sri Lanka Insurance – The Nations’ protector, over the years have had contributed to the betterment of the future generation of the country. Sri Lanka Insurance (SLIC) is not only one of the most profitable state owned enterprises but also a responsible corporate citizen that enriches the community it operates in.

SLIC initiated the ‘Sri Lanka Insurance – Suba Pathum Scholarship’ program in 2014 for the children of its Life policy holders across the country. This scheme has awarded 1800 scholarships, worth of approximately 200mn up to date. This year the scholarship scheme will be rewarding 375 students, who excelled in the 2020/21 Grade 5 Scholarship, 2020 GCE Ordinary Level and 2020/21 GCE Advanced Level examinations. 75 top ranking students were selected from each of the three examinations totaling up to 375 students. Grade 5 Scholarship and GCE Ordinary Level, qualifiers were selected based on the district achievement and for GCE Advanced Level applicants, selections were based on the national level achievement.

A Financial scholarship of Rs. 20,000 for five years, Rs. 40,000 for two years and Rs. 50,000 for three years is awarded to the students who are eligible for the Suba Pathum scholarship from Grade 5 Scholarship, GCE Ordinary Level and GCE Advanced Level examinations, respectively. A total of Rs. 50mn has been allocated for the 2020/21 Suba Pathum Scholarship program which will continue for the next five years.

In his speech to the guests, Ronald C. Perera, PC, Chairman of Sri Lanka Insurance, said, “The right to education is a fundamental human right that every child should have. There are 4.4 million school children in Sri Lanka who are primary and secondary school age, however not every child is fortunate enough to receive an education in an environment with the same degree of facilities. Having an educated populace is very important for a nation, thus kids should have access to uninterrupted primary and secondary education that enables them to access university education. Sri Lanka has 15 National Universities and we need to encourage and support our children to obtain university education. The objective of ‘Sri Lanka Insurance Suba Pathum Scholarship’ program is to extend the required support to our children to obtain the education they deserve without any interruption. As a responsible state sector corporate giant it is our responsibility to assist the future generation’s access to quality education.

Speaking at the Suba Pathum Scholarship program Chandana L. Aluthgama – Chief Executive Officer of SLIC said, “over the years as an organization we have contributed for the betterment of the future generation of this country through numerous initiatives. The Minimuthu range and the ‘School Fee Protector’ policies were introduced for the benefit of the children. Both these products support towards a guaranteed uninterrupted education support and highly beneficial returns for the children and provides both parents and kids a peace of mind. By going above and beyond the call of duty, SLIC has been involved with the “Pasal Piriyatha Surakimu” CSR program in creating a suitable educational environment for underprivileged schools. furthermore, to mark the International Children’s Day, we have offered parents of children born on October 1st a free Life Cover. We as a state owned organization believes in transformation and adapting to the status quo. Therefore, as a responsible corporate citizen we will continue to transform the next generation’s future with a secure education in order to uplift the future of this country”.

The scholarship awarding ceremony was held at Nelum Pokuna – Mahinda Rajapakse Theater, Colombo on the 28th of February 2023 with the participation of the Board of Directors, Chairman, Chief Executive Officer and the senior management team along with the students and their parents.

Established in 1962, Sri Lanka Insurance Corporation celebrates over 60 years of excellence as the largest government-owned insurance company in Sri Lanka, with a managed asset base of over Rs.268 billion and a Life fund of Rs. 152 billion, the largest in the local insurance industry. The insurer is also the first and only local insurer to secure Fitch Ratings A (lka) rating for its long-term financial stability and sustainability and also Sri Lanka Insurance ranked as the ‘Most Valuable General Insurance Brand’, ‘Most Loved Insurance Brand’ for the 5th consecutive year in the country by Brand Finance. The national insurer is on a mission of being a customer-focused company that constantly innovates in providing insurance services to customers and is now serving customers through an extensive network of over 190 branches and customer service locations.



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ComBank unveils new Corporate Branch at Head Office

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Commercial Bank Managing Director/CEO, Sanath Manatunge, Chief Operating Officer S. Prabagar, Deputy General Manager – Corporate Banking Hasrath Munasinghe, Corporate Branch Chief Manager -Ruvini Samarasinghe and representatives of the Bank’s corporate and senior management at the opening of the new Corporate Branch

The Commercial Bank of Ceylon has transformed its iconic ‘Foreign Branch’ into the ‘Corporate Branch,’ reaffirming its commitment to delivering dedicated, comprehensive financial solutions to corporate and trade customers.

The Bank said this transformation represents a new milestone in its illustrious journey, and resonates with the rich commercial heritage of Colombo, a city that has long served as a vital trading hub in the region.

Strategically located at the Bank’s Head Office at Commercial House, 21, Sir Razeek Fareed Mawatha (Bristol Street), Colombo 1, this rebranded Corporate Branch stands as a first of its kind in Sri Lanka —a premier financial hub tailored exclusively to the needs of corporate customers, the Bank said. The transformation aligns with the Bank’s vision of providing unparalleled service excellence, bespoke financial solutions, and fostering long-term business partnerships.

Commenting on this strategic initiative, Commercial Bank’s Managing Director/CEO Sanath Manatunge stated: “It is our aspiration that just as the historic Delft Gateway, at which our Head Office is located, once opened the path to the Dutch Fort, our Corporate Branch will chart a new era of enduring and prosperous business collaborations, that will extend beyond Sri Lanka’s shores.”

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Fits Retail and Abans PLC Unveil Exclusive DeLonghi Premium Coffee Experience

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The iconic DeLonghi coffee machines at Abans showroom

Fits Retail has partnered with retail giant Abans PLC to showcase the iconic DeLonghi coffee machines at two of Colombo’s most prestigious locations: Abans Elite Colombo 3 and Abans Havelock City Mall showrooms.

At these dedicated demonstration zones, visitors can discover the unparalleled precision engineering and user-friendly technology that have made DeLonghi machines the preferred choice for discerning coffee lovers in more than 46 countries worldwide. Renowned for consistently delivering café-quality espresso, cappuccino, and even specialty cold brews, DeLonghi machines exemplify Italian innovation at its finest.

Yasas Kodituwakku, CEO of Fits Retail, expressed excitement about the collaboration: “This partnership represents our unwavering commitment to bringing global coffee excellence to Sri Lankan connoisseurs. With Abans PLC, we’re creating more than just demonstration spaces; we’re curating premium destinations for an authentic coffee experience.”

“As pioneers of premium lifestyle experiences in Sri Lanka, our collaboration with Fits Retail aligns seamlessly with our vision of elevating everyday moments into exceptional experiences,” said Tanaz Pestonjee, Director Business Development at Abans PLC.

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Members’ Night of the Sri Lanka – Russia Business Council of The Ceylon Chamber of Commerce

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Participants at the Members’ Night

The Sri Lanka-Russia Business Council (SLRBC) of The Ceylon Chamber of Commerce (CCC) hosted a Members’ Night on March 27, at the Sophia Colombo City Hotel. The event, attended by His Excellency Levan S. Dzhagaryan, Ambassador of Russia to Sri Lanka, offered a valuable platform for business leaders, embassy officials, and Members to discuss and explore opportunities for deeper Sri Lanka-Russia collaboration, a CCC news release said.

SLRBC President, Mr. Jude Fernando, kicked off the evening with a speech highlighting the importance of strengthening international ties, which was followed by H.E. Dzhagaryan’s address on the need for continued engagement between the two countries. The event featured networking opportunities, allowing Members to connect with key stakeholders and discuss future business ventures, followed by a delightful dinner.

The event was made possible with the generous support of sponsors, including OCEAN 7 Logistics (Pvt) Ltd, Bally/Walkers Tours, Fibre cement associations, Ceylon Fresh Teas, SCANWELL Logistics, Regency Teas, Shan Teas, and others, whose contributions were key to its success.

The SLRBC is committed to further facilitating trade and cultural exchange between Sri Lanka and Russia, continuing to foster stronger business relationships.

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