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Asia Securities Wealth Management launches new money market fund

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Avancka Herat, CEO, Asia Securities Wealth Management

Asia Securities Wealth Management (Pvt) Ltd., the investment management arm of Asia Securities, one of Sri Lanka’s leading investment firms, recently launched the Asia Securities Money Market Fund. Regulated by the Securities and Exchange Commission of Sri Lanka (SEC), the Asia Securities Money Market Fund aims to provide an attractive alternative to traditional short-term instruments such as savings deposits. The Fund allows investors to diversify cash holdings across a range of high-quality money market instruments, and offers higher return and good liquidity.

As one of the leading investment services providers, Asia Securities recognizes that many investors place a high value on achieving the dual objective of higher income generation from their investments, while simultaneously safeguarding their capital. The Asia Securities Money Market Fund is designed to achieve both these, by delivering competitive yields and liquidity with a low risk to capital, compared to other traditional fixed income investments. The fund issue will be open for initial subscriptions from 26th November 2020 to 23rd December 2020.

Commenting on the firm’s fund management expertise, Avancka Herat, CEO, Asia Securities Wealth Management stated, “Meticulous analysis and risk management is one of our core competencies. Our Private Wealth Management business which has managed a multibillion-rupee fixed income portfolio has comfortably outperformed other traditional fixed income investments since inception. Our seasoned team of investment professionals bring over 80 years of unparalleled local and international expertise in research, risk management and portfolio management. With the launch of the new Asia Securities Money Market Fund, we hope to continue to bring dynamic investment opportunities for local investors looking to navigate different market cycles.”

The Money Market Fund will invest exclusively in high quality fixed income instruments issued by rated or listed banks, finance companies, corporates as well as Treasury instruments. The Asia Securities Money Market Fund is recommended for investors with low-risk tolerance who prefer to maintain high levels of liquidity while seeking higher interest yields. The Fund will be accessible to resident and non-resident, individual and institutional investors.

Building and actively managing a fixed income portfolio is not for everyone. Asia Securities Wealth Management will take this load off investors’ hands by offering professional fund management services. Asia Securities’ highly experienced fund managers actively seek new investment opportunities, maintain close oversight and risk management on current investments, and continuously refine the investment strategy with ever changing market dynamics to help investors stay ahead of the curve.

Over the past 30 years, Asia Securities, led by a management team with an aggregate of 100+ years of local and international experience, has and continues to place Integrity and Trust at the center of all business conduct, while putting its clients first. Reflective of the firm’s commitment to delivering value to clients, Asia Securities has received several accolades. The equity brokerage team ranked in the top three in turnover in the year 2019 and the year to date, while the Asia Securities research team has been recognized as the best stock broking research team by the CFA Society of Sri Lanka in two of the last three years. The investment banking arm of the firm has advised clients on some of the largest Mergers and Acquisitions (M&A) transactions in recent years, and also provides debt financing services to corporates and financial institutions. (Asia Securities)



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Hemas Consumer strengthens portfolio with L’Oréal partnership in Sri Lanka

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Hemas Consumer, the leading manufacturer and distributor in Sri Lanka’s beauty and personal care sector has strengthened its portfolio of offerings in a groundbreaking partnership with the world’s number one beauty company, L’Oréal. With this partnership Hemas Consumer obtains distributor rights to leverage its sales network and innovative marketing approaches in taking L’Oréal’s wide range of beauty and personal care brands across Sri Lanka.

Commenting on the new partnership, Sriyan de Silva Wijeyeratne, Managing Director, Hemas Consumer & Executive Director Hemas Group said, “We have spent over fifty years building successful and strong consumer brands in Sri Lanka. In keeping with our promise of consumer delight and trust, we are elated to partner a world-class cosmetics group like L’Oréal expanding our existing portfolio with the world’s most sought-after beauty and personal care products.

We are well equipped in our distribution process with island-wide sales channels to serve all parts of the country. I believe this partnership will revolutionize Sri Lanka’s beauty care industry and more prospects await as we continue to look ahead with L’Oréal.”

Sabrina Esufally, Director Business Development and Innovation at Hemas Consumer said, “This partnership will enable Sri Lankans to access the iconic brands and solutions created through years of research and innovation by L’Oréal. In the fast evolving and dynamic beauty industry, the combined strength of Hemas’s local heritage and penetration, and L’Oréal’s global technology and trust is the perfect recipe for consumer delight.”

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DFCC Bank supports industrial excellence by partnering CNCI Achiever Awards

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DFCC Bank PLC, stepped up once again for the 3rd consecutive year to partner with the Ceylon National Chamber of Industries (CNCI) as the principal sponsor and official banking partner of the CNCI Achiever Awards 2020.

The CNCI Achiever Awards was held for the 19th consecutive time to recognize the outstanding efforts of exceptional performers who have molded their respective industries with innovative solutions, while overcoming challenges and meeting the demands of their clientele. This year, the event was recently held under strict health guidelines at the Galadari Hotel in Colombo. 

Commenting on the sponsorship, Chief Executive Officer of DFCC Bank PLC Lakshman Silva stated, “We are pleased to have partnered with the Ceylon National Chamber of Industries (CNCI), as the Main Sponsor and Official Banking Partner of the 19th CNCI Achiever Awards 2020. DFCC is honored to partner in reconciling successful Sri Lankan businesses from various industrial sectors. Our partnership with this prestigious awards programme aligns seamlessly with our commitment to foster and reward industrial growth across the country and support local entrepreneurs in MSME & SME sectors.”

 

 

 

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Lanka SSL triumphs with National Gold and Top Ten Awards

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CNCI Achiever Awards 2020

Lanka Special Steel Limited (Lanka SSL), a trusted name in wires and a fully-owned subsidiary of E B Creasy & Company PLC, was recently awarded the coveted National Gold Award under the Extra Large category in the Manufacturing Sector at the Achiever Awards 2020 for Industrial Excellence.

The annual event organized by the Ceylon National Chamber of Industries (CNCI) was held in March 2021 at Colombo, and celebrated some of the leading industrialists in the country for their tremendous and continued efforts in uplifting and promoting quality standards, productivity, growth and strategy, R&D, employee welfare and others whilst contributing to both the society and economy at large.

‘We are immensely proud to have been recognized with two very prominent awards at this year’s CNCI Achiever Awards. It is a huge leap from just winning a Merit Award the last time around, and this incredible achievement certainly reflects our highly ambitious plans to strive for continued excellence. We would like to thank our valued customers and all stakeholders. We are grateful to our hardworking and committed staff at Lanka SSL who have made this possible,’ said Pravin De Silva, CEO of Lanka SSL.

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