Get ready for the most incredible Black Friday experience at Colombo City Centre
Black Friday is all set to take place at Colombo City Centre Mall, where shoppers can enjoy the best deals and special events. All you have to do is shop to your heart’s content at Colombo City Centre, and also be rewarded via the fantastic Black Friday promotions taking place.
Spend over Rs. 9,999 and enjoy free parking; while shopping for over Rs. 15,000 enables shoppers to win CCC Gift Vouchers. Shop between Rs. 15,000 – Rs. 19,000 to get CCC gift voucher worth Rs. 500; Rs. 20,000 – Rs. 24,999 to receive CCC gift vouchers worth Rs. 1,000; Rs. 25,000 – Rs. 29,999 to get CCC gift vouchers worth Rs. 1,500; Rs. 30,000 – Rs. 34,999 for CCC gift vouchers worth Rs. 2,000; Rs. 35,000 – Rs. 39,999 to receive CCC gift vouchers worth Rs. 2,500; Rs. 40,000 – Rs. 44,999 to get CCC gift vouchers worth Rs. 3,000; and between Rs. 45,000 – Rs. 49,999 to receive CCC gift vouchers worth Rs. 3,500. Shoppers simply have to present their invoices of the shopping done on the 26th of November 2021 to the concierge desk, to benefit from the CCC Black Friday promotion and receive the CCC gift vouchers.
Furthermore, shoppers who spend over Rs. 50,000 stand a chance of winning the Black Friday Special Bonanza – which is the valuable prize of receiving CCC gift vouchers worth Rs. 50,000. The lucky winner for this special promotion will be selected via a raffle draw. So, here’s your chance to splurge on yourself and your loved ones, and be benefitted by fabulous deals, plus the special Black Friday promotions.
In addition to the best deals in town, there are more fun activities planned to amplify the shopping experience on Black Friday at Colombo City Centre; including DJ music in the morning, an appearance by Naomi and Luke, a hip hop dance performance, a magic show for kids in the evening, and a performance by a band towards the night.
Black Friday at Colombo City Centre takes place on the 26th November 2021 from 8.00 a.m. to midnight. So, save the date and get ready for the best shopping experience of the year. For more information and updates, check out Colombo City Centre’s Facebook and Instagram accounts.
Colombo City Centre is the safest environment for visitors to shop, dine and enjoy world-class entertainment; ranging from an exclusive selection of retail stores, entertainment options like bowling and a gaming arcade; plus, a plethora of food and beverage outlets providing the best of local and global cuisine.
Don’t miss out on Colombo City Centre’s incredible Black Friday events and promotions. Head over to Colombo City Centre with your family and friends to enjoy the best Black Friday experience under one roof.
Cabinet approves rationalization of VAT exemptions and abolition of SVAT System
The Cabinet of Ministers granted concurrence to the resolution forwarded by the Minister of Finance, Economic Stabilization and National Policies to remove most of the releases from Value Added Tax (VAT), further retaining releases that ease the pressure on low – income families to secure the fundamental sectors of the economy as well as the releases for sectors such as education, health and agriculture, as well as to revise the provisions applicable for the Value Added Tax (VAT) act so that the Simplified Value Added Tax (SVAT) methodology can be canceled with effect from 01.01.2024 by introducing a more formal methodology for repaying the Value Added Tax (VAT) and to instruct the Legal Draftsman to prepare a draft bill for the purpose.
Venora Lanka Power Panels to set up assembly plant in Australia
By Hiran H.Senewiratne
Sri Lanka- based, export- oriented manufacturer, Venora Lanka Power Panels (Pvt) Ltd, with a state of the art electric panel factory at the Export Processing Zone, Biyagama, will set up an assembly plant in Australia.
“Once we set up the electric panel assembly plant in Australia, we will export all our panels from Sri Lanka and that plant will do 30 percent value addition to the product to supply that market, the company’s chairman/ Managing Director, engineer Sagara Gunawardena told The Island Financial Review.
Gunawardena said that the company is a value- addition assembly plant and he would be investing AUS $ 2 million for the project to be set up in Melbourne and hire 100 engineers and other professionals. He explained that the venture has enormous potential.
Venora Lanka provides power panels to mega projects in Sri Lanka and exports to Bangladesh, Maldives, Kenya, Ethiopia, Seychelles and Myanmar. Panel assembling is strictly in compliance with IEC 61439 standards, it was explained.
Gunawardena added: ‘I firmly believe that, being a truly customer focused organization, every employee and every process in the organization has to be aligned behind delighting customers. Therefore, at a time when the country is facing a major dollar crisis, my company would be aiming at bringing dollars into the country, while providing employment for local professionals, especially engineers.
‘At Venora Lanka we do not try to change customers’ mindsets. Instead, we take time to understand what they really want and focus our brand on delivering that. Venora is values- driven first and cost- driven second – creating a unique brand proposition.
‘Since the US dollar rate has come down, it is our concern that importers and suppliers do not change their prices, which is really affecting the manufacturing sector.
Company sources added: ‘The company has several wings of operation, such as local and overseas projects, switch board assembling, telecommunication infrastructure installations, earthing, lighting and surge protection, incorporating world renowned brands.
‘Venora Lanka Power Panels is the first Sri Lankan company to receive the licence, in accordance with the UK Trade Mark Act 1994, to use the trade mark “Best Enterprise”. It won a global award at the event, ‘Golden Awards for Quality and Business Prestige’, held in Geneva, Switzerland, in 2015.
‘Within a short span of time, with the perfect blend of progressive thinking and expertise, Venora Group has expanded to consist of, Venora International Projects, Venora Telecom, Venora Industrial Solutions and Venora Lanka Power Panels (BOI approved). Further, Venora has established its overseas presence through Venora Engineering Kenya and Venora Engineering Myanmar.’
Share market moves into positive territory; indices up
By Hiran H. Senewiratne
CSE trading got off to a positive note yesterday but during the last session of the day the momentum slowed. However, the market is now moving towards positive territory following the Central Bank announcement of a downward trend in interest rates, market analysts said.
Amid those developments the market witnesses improvements in both indices and in the turnover.
The All- Share Price Index up by 12.8 points and S and P SL 20 rose by 6.97 points. Turnover stood at Rs 710 million with one crossing. The crossing was reported in JKH which crossed 430,000 shares to the tune of Rs 60.2 million; its shares traded at Rs 140.
In the retail market top seven companies that mainly contributed to the turnover were; JKH Rs 212 million (1.5 million shares traded), Access Engineering Rs 44.7 million ( three million shares traded), Lanka IOC Rs 34.5 million (264,000 shares traded), Browns Investments Rs 28.6 million (5.3 million shares traded), LOLC Finance Rs 23.8 million (4.7 million shares traded), Capital Alliance Rs 22.9 million (615,000 shares traded) and First Capital Holdings Rs 19.2 million (574,000 shares traded). During the day the 31.4 million shares volumes changed hands in 9000 transactions.
Yesterday, the Central Bank’s US dollar buying rate was Rs 285.16 and the selling rate Rs 298.85.
Sagala Ratnayaka leads Sri Lanka delegation to 20th IISS Shangri-La Dialogue
Prices of sixty essential drugs to be reduced from 15th June
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