By Hiran H. Senewiratne
CSE activities were positive last morning following the news that the Asian Infrastructure Investment Bank (AIIB) had approved a US $ 180 million loan for Sri Lanka. This loan is for the COVID-19 emergency and crisis response facility, to be disbursed at US $ 90 million each through the Bank of Ceylon and People’s Bank, stock market analysts said.
Further, State Minister of Money & Capital Market and State Enterprise Reforms Nivard Cabraal also announced a US$ 1.5 billion Chinese currency swap which gave an impetus to the market, analysts said. But in the latter part of the day the market declined. The major reason for this was the index heavy CTC’s share price decline by 4.7 percent or Rs. 49.50, which contributed 21 negative points to the All Share Price Index. Its shares on the previous day were Rs. 1050 and at the end of the day they moved down to Rs. 1000.50.
Both indices indicated mixed reactions. The All Share Price Index went down by 38.21 points and S and P SL20 declined by 1.59 points. Turnover stood at Rs. 1.59 billion without a scrossing.
In the retail market, top five contributors to the turnover were; JKH Rs. 653 million (4.3 million shares traded), Expolanka Rs. 321 million (6.7 million shares traded), Browns Investments Rs. 136 million (23.3 million shares traded), Dipped Products Rs. 87.3 million (1.8 million shares traded) and NDB Rs. 57.5 million (701,000 shares traded). During the day 57.9 million share volumes changed hands in 14144 transactions.
Sri Lanka’s rupee quoted steady at 194.50/196.00 levels to the US dollar in the spot market on Monday while bond yields edged up slightly, dealers said. The rupee last closed in the spot market at 194.50/195.50 to the dollar on Thursday. The rupee has fallen from 186.40 in December 2020 to 194.40 to the US dollar in January 2021.
Seylan Bank offers amazing discounts for Avurudu
With Avurudu just around the corner, Seylan Bank PLC is offering amazing discounts to customers purchasing daily essentials, electronics, clothing, gifts, and more. The bank with a heart will celebrate the New Year with “Ratatama Super, Avurudu Offers with Seylan Cards” and “Seylan Tikiri – Season of Gifts and Laughter”.
The bank with a heart, commenced these exciting offers and promotions to provide the best Avurudu experience to its customers young and old, and to reward them for their continued loyalty to the bank, in the spirit of festivity.
“At Seylan Bank, we want to make your Avurudu an unforgettable experience,” said Gamika De Silva, Assistant General Manager, Marketing and Sales at Seylan Bank. “These two promotions underscore our customer-centric approach which focuses on providing products and services that enhance the overall customer experience and convenience, adding value to your experience with the Bank with a Heart.”
The Bank has partnered with leading supermarket chains on selected promotions; with Keells offering 30% off on fresh meat during the weekends, Cargills providing 20% off on total bills during selected weekends, Glomark offering 20% off on the total bill on every Sunday for a limited time, Laugfs Super providing 20% off on a range of goods on every Monday for a limited time, and Premasiri Supermarket offering 20% off on vegetables & 10% off on fruits on every Wednesday & Thursday during the promotion period.
OPPO launches Avurudu song to spread seasonal cheer
OPPO recently launched an Avurudu jingle ahead of the Sinhalese & Tamil New year. Sung by OPPO brand ambassador & The Voice coach Umaria Sinhawamsa, the song also features popular personalities including actor& singer Gayan Gunawardena and choreographer Ramod Malaka& his dance troupe, Cool Steps.
The visual for the song has been shot in a scenic village atmosphere & features a host of New Year traditions of great cultural significance. The video also features the newly launched fan-favorite OPPO F19 Pro which is on offer during the season. On the first day of sales alone, the F19 Pro recorded a 200% increase in sales compared to its predecessor F17 Pro.
CEO of OPPO Sri Lanka Bob Li said: “This project helped us to immerse into Sri Lankan culture better. In keeping with the spirit of the season, evolving & upgrading, OPPO has launched two concurrent promotions: ERABADU WASI from 2-13 April & OPPO SERVICE WASI from 5 – 18 April.”
SLIM elects new president and EXCO at 51st AGM
The Sri Lanka Institute of Marketing (SLIM) held its 51st AGM, which saw the induction of its new President Thilanka Abeywardena, who will spearhead the Institute as its 43rd president. This appointment is a milestone in the history of the Institute as Ms. Abeywardena became the first ever female to hold the position of President.
The AGM was held on 7th April, 2021 at Marino Beach Hotel, Colombo. Both a new Council of Management as well as an Executive Committee were appointed during the meeting.
Thilanka currently holds the position of the CMO Lead, South East Asia Emerging Markets at Microsoft Sri Lanka (Pvt) Ltd. and leads marketing and communications across nine Asian countries; Bangladesh, Bhutan, Brunei, Cambodia, Laos, the Maldives, Myanmar, Nepal and Sri Lanka.
The newly appointed Executive Committee comprises ten experienced marketing professionals:
SLIM is the apex body for Marketing in Sri Lanka and has been promoting marketing excellence and elevating the status of marketing since 1970.
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