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Elroy Fernando appointed Principle Healthcare Regional Vice President – South East Asia

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In a move that expresses confidence in Sri Lanka as a market for cutting edge nutraceutical products, Principle Healthcare UK has appointed industry veteran Elroy Fernando as their Regional Vice President for South East Asia.

Principle Healthcare commenced stand-alone operations in the country recently, as a known British brand catering to a wide spectrum of nutritional needs for over three years.

The new Regional Vice President, Elroy Fernando counts over 20 years in the business of pharmaceuticals and nutraceuticals and is credited with building the portfolio of a leading vitamin brand in Sri Lanka.

“Micronutrient deficiency is a global issue with high prevalence rates predominantly being recorded from developing countries such as Sri Lanka”, says Fernando. “Principle Healthcare is committed to delivering innovative new products that enhance the well-being and provide immunity support in order to alleviate nutrition-related diseases”.

In a worldwide market that is growing, nutraceuticals have paved the way for new concepts that contribute towards multi-faceted needs in nutritional support. As research grows, so do products that address changing needs.

Principle Healthcare understands the changing needs of various members of the family – there are specially developed products for men, women and those that require special nutritional needs in our portfolio of products.

Principle Healthcare International is one of Europe’s leading manufacturers of vitamins, minerals and nutritional supplements. The Company takes pride in its British heritage and expresses a consistent commitment towards ensuring the highest standards of quality as a preferred British brand.

The Company is clearly focused on research and development and work closely with nutritionists, formulation scientists, researchers and other category specific professionals. We try to stay ahead of nutritional concerns while sustaining a dedicated effort to deliver credible and evidence-based products – not to mention paying close attention to areas such as immunity, healthy ageing, heart and circulatory health, etc.

With Fernando’s appointment as Regional Vice President, Sri Lanka will now operate as the hub in South East Asia, with an expansion into regional markets, namely Singapore, Malaysia, Indonesia, Vietnam, Thailand, Philippines and Cambodia.

Principle Healthcare UK is a premier nutritional supplement brand in Sri Lanka with a wide portfolio of products that consists of innovative vitamin and mineral formulations. With a passion and belief to make a real difference in modern-day nutrition, Principle Healthcare is committed to deliver proactive healthcare and nutritional solutions.



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ICC’s Oceanfront Galle completed on time amidst Covid-19 restrictions

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Oceanfront Galle structure constructions have been completed on time, amidst the restrictions imposed by the authorities to contain COVID 19 pandemic. Nevertheless, ICC has taken initiatives to apply for COC in the beginning of June 2021.

The home owners and potential investors were invited to inspect on the construction progress of Oceanfront condominiums in Galle while experiencing the beautiful sunset by the Galle coast. ICC has conceptualized OFC Galle to have a view of the clear ocean from all possible angles featuring a fully equipped gym, a double floored spa and “Sunset” restaurant with beautiful views of the ocean.

Allowing investors to seamlessly enjoy the returns of OFC, ICC has introduced an all-inclusive rental management system which offers end-to-end solutions.

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Major-value stocks decline,three companies prop up ASPI

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By Hiran H.Senewiratne

Stock trading activities in the Colombo Stock Exchange(CSE) was subdued throughout yesterday as all major value-stocks declined in prices. Three companies; namely LOLC Development Finance (NIFL) Carsons and Bukit Darah kept the All Share Price Index positive, stock market analysts said.

Hence both indices showed mixed reactions. All Share Price Index was up by 16.98 points up and S&P SL20 down by 40.86 points. Turnover stood at Rs 1.94 billion with a single crossing. The crossing took place in HNB (Non Voting), which crossed 330,000 shares to the tune of Rs 36.3 million and its share price traded at Rs 110.

In the retail market top five companies that mainly contributed to the turnover were Expolanka Rs 247 million (4.9 million shares traded), Bukit Darah Rs 156.7 million (450,500 shares traded), LOLC Rs 145.5 million (365,000 shares traded), Browns Investments Rs 128.5 million (21 million shares traded) and HNB (Non Voting) Rs 109.3 million (993,000 shares traded).

When Bukit Darah share price appreciated by 25 percent or Rs 51.25 from its initial trading price of Rs 279.50 to Rs 355, its holding company Carson Plc  share price also appreciated in parallel to its. Carsons Plc share price appreciated by 18 percent or Rs 52. Its share price started trading at Rs 293 and at the end of the day it shot upto Rs 345.

Further, NIFL being a low float company its share price increased by 25 percent or Rs 51.25. Its share price started trading at Rs 205 and at the end of the day it moved to Rs 256.25. These companies positively contributed 75 points to the All Share Price Index. Carsons contributed 28 points, Bukit Darah 28 points and NIFL 19 points to the All Share Price Index.

NIFL or LOLC Development Finance Company  has emerged as the most valuable finance company in terms of market capitalization. During the last seven sessions it’s share price appreciated by 261 percent or 3.6 times. The share price staryed trading at Rs 71 seven days ago and today it has moved up to Rs 256.25.

 

 

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People’s Bank Dankotuwa branch moves to new premises

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Opening of the People’s Bank Dankotuwa Branch at the new location which offers added convenience to its customers

 

People’s Bank Dankotuwa Branch moved to a new location recently. The opening ceremony of the new premises was attended by People’s Bank Chief Executive Officer/ General Manager Ranjith Kodituwakku.

The new spacious premises offers added convenience to customers along with a full range of services backed by the latest digital banking technology.

People’s Bank Deputy General Manager (Recoveries) Lionel Galagedara, Regional Manager(Puttalam) K.A.A.S Peiris, Assistant Regional Manager S.A.M.L Sirimanne, Dankotuwa Branch Manager D.M Liyanage, customers, also participated at the event.

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