DIMO CERTIFIED, the pre-owned vehicle sales arm of DIMO, one of the leading conglomerates in Sri Lanka, now offers the most convenient way for European Luxury vehicle owners to sell their vehicle with peace of mind, together with the trust placed on DIMO as a Sri Lankan brand for over 80 years. DIMO constantly strives to pay gratitude to the clients’ trust placed on the brand by continuing to offer the best with utmost care to the valued clientele. On the other hand, when selling your luxury European vehicle, it is assured that the best value for the vehicle is derived with DIMO’s trusted valuations along with guaranteed peace of mind during the transactions.
Over the years, Mercedes-Benz, Jeep and Chrysler owners enjoyed an exceptional service when selling their pre-owned vehicles and now corporates as well as individuals will have the opportunity to experience the eight decades of trust and expertise of DIMO when they sell their luxury European vehicle.
DIMO CERTIFIED provides any customer the opportunity to both sell and buy a pre-owned luxury vehicle that includes a wide selection of Mercedes-Benz, Chrysler, and Jeep SUVs as well as other Luxury European vehicle brands registered after 2010. With DIMO CERTIFIED, the customer is always in DIMO’s safe hands with the assurance that the vehicle is in the original condition as it is presented from the time of inspection to delivery, as promised.
Traditionally, selling a registered vehicle is a time-consuming process which requires a significant effort from the seller. After posting the ads about the vehicle for sale on various platforms, the vehicle owner has to answer many phone calls from potential buyers, brokers and also from individuals who simply want to check the current price of vehicles in the market with no interest in actually purchasing a vehicle. Some would also want to visit the seller to inspect the vehicle, which is a significant health risk given that the COVID-19 virus is spreading at an alarming rate in the country. However, by reaching out to DIMO CERTIFIED, individuals interested in selling their Luxury European vehicles can avoid such hassles as DIMO’s professional service guarantees peace of mind. DIMO CERTIFIED’s professional valuation team with vast experience in handling world-renowned luxury automobile brands including Mercedes-Benz, Chrysler and Jeep will provide the most accurate and trustworthy buy back price for your vehicle.
A comprehensive vehicle check is carried out at DIMO 800 for Mercedes-Benz, Chrysler and Jeep brands which are imported and maintained by DIMO while other European brands are evaluated at DIMO AutoLab, the dedicated DIMO after sales service centre designed to cater to other European automobile brands. This is to ensure that DIMO CERTIFIED is able to buy back only the well-maintained luxury European vehicles with genuine mileage, for resale under the prestigious DIMO CERTIFIED brand. Above all, DIMO CERTIFIED also offers customers the unique benefit of selling the vehicle to DIMO without having to purchase another vehicle from DIMO itself.
Tharanga Gunawardena – General Manager (DIMO CERTIFIED Pre-Owned Vehicles) of DIMO stated, “As a reputed entity in the automobile industry with a rich history of over 80 years, DIMO has consistently offered innovative solutions in keeping with our customer-centric approach. We elevated our pre-owned vehicle sales business by revamping it as ‘DIMO CERTIFIED’ in 2020 where we added many new services to redefine the automobile sector in Sri Lanka. With our unparalleled expertise in the automobile sector, we are able to offer the most comprehensive service with trusted valuation and hassle-free, peace of mind transactions to our valued customers.”
The website CarsatDIMO (www.carsatdimo.lk) provides a user-friendly platform for facilitating vehicle buyback processes with minimum hassle. DIMO is known as a brand that firmly keeps its promise to offer the best and an authentic service to the valued clientele, thereby a dedicated 24-hour hotline 077 244 97 97 has been made available for customers to contact DIMO CERTIFIED to clear any doubts about the buyback process.
SLT-MOBITEL donates fourth PCR machine to Matara District Hospital
Recognising the importance to enhance Sri Lanka’s PCR testing capacity to curtail the spread of COVID-19 and to protect citizens, SLT-MOBITEL continues its support by donating yet another vital PCR machine to the District General Hospital in Matara recently.
The donation of the PCR machine valued at over Rs. 5.7 million is part of SLT-MOBITEL’s ‘Sabandiyawe Sathakaraya’ CSR initiative in further strengthening the nation’s healthcare systems and assisting communities in need.
The equipment was handed over to the Deputy Director of the Matara Hospital Doctor Upali Rathnayaka in the presence of Rohan Fernando, Group Chairman, SLT-MOBITEL; Lalith Seneviratne, Group Chief Executive Officer, SLT-MOBITEL; Kiththi Perera, CEO, SLT; Shashika Senarath, CMO, Mobitel along with Regional GM, SLT; Regional Head – Mobitel and Hospital Staff.
Previously, PCR machines were donated to the Base Hospital, Karawanella, District General Hospital, Matale and the University Hospital of the Kotelawala Defense University. SLT-MOBITEL appreciates the support received from all Sri Lankans towards ‘Daana Paaramitha’ which was conceptualized as a platform to further increase community involvement in carrying out relief efforts to support families affected by the pandemic.
Extension of lockdown negatively impacts CSE
By Hiran H. Senewiratne
CSE trading activities commenced yesterday in a lacklustre manner with little share-buying interest and later on became negative following the government’s announcement on the lockdown extension until October 1, stock market analysts said.
The Colombo International Financial Centre (CIFC) at the Port City was set to commence this month and has been delayed until December owing to the current Covid 19 situation. This also affected CSE trading activities yesterday, analysts said.
Consequently, the stock market lost steam yesterday, closing on a negative note as investor sentiment remained erratic due to internal and external environmental factors. Both indices moved downwards or to negative territory despite healthy turnover in the market. The All Share Price Index went down by 46.09 points and S and P SL20 declined by 17.93 points. Turnover stood at Rs. 3.8 billion with two crossings. Those crossings were reported in Expolanka, where 600,000 shares crossed for Rs. 101.1 million, its shares trading at Rs. 158.50 and Sampath Bank one million shares crossed for Rs. 49.5 million, its shares traded at Rs. 49.50.
In the retail market, some companies that mainly contributed to the turnover were; Expolanka Holdings Rs. 1.2 billion (7.4 million shares traded), JKH Rs. 604 million (4.6 million shares traded), Browns Investments Rs. 540 million (58.3 million shares traded) and Hayleys Rs. 204 million (2 million shares traded).
It is said that following two sessions of gains, the indices closed in the red due to price declines in large-cap stocks as investors opted to book modest returns after the recent sharp rally. Stocks such as Expo, LOLC, and JKH, which saw sharp gains in the past two sessions witnessed profit-taking at higher levels and weighed on the momentum throughout the session.
Further, high net worth and institutional investor participation was noted in Sampath Bank. Mixed interest was observed in Expolanka Holdings, Tokyo Cement Company and LOLC Holdings, while retail interest was noted in Browns Investments, Lanka Orix Finance and Industrial Asphalts. During the day 153 million share volumes changed hands in 24000 transactions.
As of yesterday, the current exchange rate of 1 US dollar was equal to 199.607 Sri Lankan rupees. This is an increase of 7.856656 percent (or +14.5401 LKR) compared with the same time last year (17 September 2020), when 1 US dollar equaled 185.067 Sri Lankan rupees.
Lockdown takes toll on Sri Lanka’s manufacturing sector activities
The resurgence of the COVID-19 pandemic in August 2021 has slowed down the manufacturing activities in the country. Accordingly, the manufacturing PMI recorded an index value of 45.1 in August 2021 with a fall of 12.7 index points from the previous month, mainly driven by the decrease in New Orders, Production, Employment, and Stock of Purchases sub-indices. The decline in New Orders and Production, especially in the manufacture of food & beverages, furniture, and textiles & wearing apparel sectors, have mainly contributed to the overall decrease of the manufacturing PMI. Many respondents in those sectors highlighted that their local orders and distribution channels were affected due to the lockdown imposed as a measure of containing the pandemic. Further, many of them also emphasised that factory operations were disrupted due to the spread of the COVID-19 virus among employees. Employment sub-index also declined in line with these developments.
The decrease of Stock of Purchases was in line with the decline in New Orders and Production. Further, the difficulties encountered in placing purchase orders and in settling foreign payments also adversely affected the supply chain of raw materials and production schedules. Many respondents stressed that the continuous increase in the cost of imported raw materials adversely affected their profit margins. Meanwhile, Suppliers’ Delivery Time lengthened at a slower rate in August 2021. The manufacturers cautioned that the uncertainty over the COVID-19 pandemic would continuously hinder the prospects of the manufacturing sector, yet, overall expectations for manufacturing activities for the next three months remained above the neutral threshold.
Services PMI dropped to an index value of 46.2 in August 2021 with the restrictions imposed to contain the further spread of the COVID-19. New Businesses, Business Activity, Employment and Expectations for Activity sub-indices recorded declines. New Businesses decreased in August compared to the previous month mainly with the declines observed in wholesale and retail trade, insurance, real estate, and education sub-sectors. Business Activities across most of the sub-sectors such as, wholesale and retail trade, real estate, insurance and other personal activities reported considerable declines indicating the adverse effects of travel restrictions on their business operations. Nevertheless, transportation sub-sector recorded some improvements solely due to the growth in freight volumes. Moreover, financial services sub-sector also indicated improvements despite the disturbances from travel restrictions. Employment continued to fall at a higher pace as retirements and voluntary resignations exceeded the number of recruitments carried out during the month. Backlogs of Work increased at a higher pace in August along with the reduction in staff availability amid travel restrictions and growing COVID-19 infections of staff. (CBSL)
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