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Ceylinco Insurance ranked Sri Lanka’s Most Respected Insurer

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Ceylinco Insurance was ranked as the nation’s most admired and respected insurer as announced by the LMD magazine in its 16th annual edition of the nation’s Most Respected and admired entities. Ceylinco Insurance PLC comprises of the two dominant insurers in the country, Ceylinco General Insurance Ltd and Ceylinco Life Insurance Ltd.

Both, Ceylinco General Insurance and Ceylinco Life Insurance maintain their supremacy as the market leaders in General and Life insurance respectively. Having climbed 14 positions from the previous year, Ceylinco Insurance remains in the 12th position among the Most Respected and admired entities in the country.

Ajith Gunawardena, Executive Chairman and Chief Executive Officer of Ceylinco Insurance PLC said, “An organization that practices innovation can elevate the entity to become a powerhouse of creativity, where pioneering ideas are born and given expression to become fully fledged products and services that enhance people’s lives. We are proud to be one such entity that has repeatedly set benchmarks and set trends for the rest of the industry to follow. Some of our innovative products have reached the grassroots level and their benefits have been reaped by people who would have never thought of getting insurance if it were not offered through convenient channels such as mobile operators and the postal service.”

Rajkumar Renganathan, chairman of Ceylinco Life said: “The LMD-Nielsen survey covers a well-informed sample of 800 senior executives of listed companies. It is therefore a credible barometer of public perception, which is essential to business success. Ceylinco Life’s view of its business as ‘A Relationship for Life’ with policyholders is practised in every aspect of its engagement with customers as well as other stakeholders, and is, we believe, the foundation for its 16 consecutive years of market leadership in the Life insurance sector.”

Commenting further on the achievement, Mr. Patrick Alwis, Managing Director/Chief Executive Officer said, “Ceylinco General Insurance is led by a strong customer-centric culture and this is a testimonial to this claim. Delivering protection and satisfaction to customers is the bedrock on which our company is founded. We will continue to deliver best-in-class insurance solutions to cater to every need of customers from all walks of life.”

Ceylinco Life Managing Director/CEO Mr Thushara Ranasinghe added: “Respect is based on trust, a truly precious attribute to any business, but more so for a company in the financial services sector. The trust that Ceylinco Life has earned from the masses over three decades is evident in the Company’s position as the vanguard of the industry, and our parent company’s latest movement up the LMD Most Respected Entities ranking is a reaffirmation that public trust in Ceylinco Insurance remains steadfast.”

Earlier this year, Ceylinco General Insurance and Ceylinco life Insurance were chosen as the ‘People’s Insurance Brand of The Year’ for general insurance and life insurance respectively at the 2020 SLIM Nielson People’s Awards, for an unprecedented 14th consecutive year. Similarly for the year 2018/19, Ceylinco Insurance PLC, reinforcing its dominance in the insurance industry, moved up to the 6th position amongst Sri Lanka’s top 30 companies.

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A ‘phygital’ experience at HSBC Premier Centre in Pelawatte

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With the demographic equation changing and the mass affluent customers now also choosing to live in the suburbs, HSBC is gearing its branches of the periphery of the city to service customers in this segment.

Pelawatte has become the latest HSBC branch to be upgraded to be an exclusive Premier Banking Centre to meet the growing demand of the affluent population in the residential hub of the Colombo metro region.

The newly refurbished Premier Centre was declared open by Mark Prothero, CEO for HSBC Sri Lanka and Maldives. Also present was Nadeesha Senaratne, Country Head of Wealth & Personal Banking, together with senior management and staff.

Nadeesha Senaratne, said, “HSBC has established a long history of 128 years in Sri Lanka, and in the past few years we have seen the value of strategically expanding to meet the specific needs of our customers.”

HSBC’s Pelawatte branch was opened in 1998 and is conveniently located at no 418B Battaramulla – Pannipitiya Road, Battaramulla which currently serves a diverse portfolio of retail banking customers. With the new improvements undertaken, HSBC hopes to provide customers with an inclusive banking service, and attract potential new customers with its Premier banking proposition and worldwide banking service, within the expanding residential neighborhood.

The Premier Centre in Pelawatte models HSBC’s flagship Premier Centre located in Flower road- Colombo 7, with an expansive ‘open’ space concept for casual open dialog with customers. The space has been optimized to enhance the customer experience by providing a ‘phygital’ banking experience with private meeting rooms specially designed to give customers an exclusive banking service with the assistance of a dedicated Relationship Manager. It also features video conferencing facility, which enables customers to connect with their Premier RM’s internationally, while enjoying the highest standards of privacy. Customers can walk out of the branch with the ‘Bank in their pocket’ by opening an account in less than an hour and begin transacting digitally, almost instantly.

(HSBC)

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SLT & Mobitel successfully conclude digitization of Lankagama Village

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Fulfilling its role as the nation’s pioneer in Telecommunication Services, the SLT Group successfully completed the President’s directive of providing high-speed connectivity solutions to the Lankagama Village recently.

An event was held to mark this proud achievement on 20th September 2020 in the presence of Oshada Senanayake – Director General of the Telecommunications Regulatory Commission of Sri Lanka (TRCSL), Lalith Seneviratne – Group CEO of SLT & Mobitel, Kiththi Perera- Chief Executive Officer of SLT, M.B.P. Fernandez – Chief Operations Officer of SLT, Prabath Dahanayake – Chief Marketing Officer of SLT, Sudarshana Geeganage – Chief Financial Officer of Mobitel, Shashika Senerath – Chief Marketing Officer of Mobitel, Rasantha Hettithanthrige – Senior General Manager, Engineering & Operations at Mobitel along with SLT & Mobitel technology partners Huawei, ZTE and the community.

The SLT Group provided high-speed 4G/LTE broadband and enhanced voice services within record-time despite the fact that the Lankagama Village is located at the southern boundary of the Sinharaja Rain Forest, in the Neluwa Divisional Secretariat, Galle District; posing severe logistical challenges. Further, the SLT Group also offered SMART classroom solutions consisting of tabs, laptops and school supplies including stationery thereby opening up a world of possibilities for the students in the remote village. (SLT)

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Local tyre manufacturers say ‘no need’ to import motorcycle and three-wheeler tyres

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by Sanath Nanayakkare

Local tyre manufacturers request the government not to import motorcycle and three-wheeler tyres as they have the capacity to supply locally produced premium quality tyres for the segment, without leaving room for any supply shortage in the market.

“We have the combination of quality and technology to meet the demand in the market”, a leading local tyre manufacturer said.

“We have the capacity to meet the local demand for motorcycle and three wheeler tyres and we are already supplying the products to the market, fully meeting its demand,” they said.

“In 2019, Rs. 1,062 million worth motorcycle and three-wheeler tyres and tubes were imported to the country. This means we are able to save Rs. 1,062 million in foreign exchange this year by producing all of these locally”, they pointed out.

“We produce sufficient quantities of high-demand tyres for the local market without any supply shortage. We are supportive of the government’s drive to encourage Sri Lankan companies to manufacture goods that can be manufactured in Sri Lanka. We request the continued support of the government to keep our efforts up in this direction,” they said.”Only a few types of tyres of special sizes are not produced locally. Those products are imported in small numbers. There is lesser demand for these tyres as they are not widely used”, they said.

“Apart from establishing ourselves in the local market, we are in the process of further improving our production capacity to boost our current export volumes. As a result of it, we will be able to create new jobs for thousands of Sri Lankans”. they said.

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