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HNB extends partnership with DIMO

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Sri Lanka’s leading private sector bank HNB PLC, announced the extension of its long- standing partnership with Diesel & Motor Engineering PLC (DIMO) to offer customers convenient leasing solutions inclusive of attractive benefits for TATA vehicles and DIMO Agri-machinery range of vehicles.

HNB Deputy General Manager- Retail and SME Banking, Sanjay Wijemanne and DIMO Group CEO, Gahanath Pandithage graced the ceremony held to ink the partnership, which offers TATA commercial vehicles, TATA passenger cars and Agri Machinery.

“Our latest environment friendly Tata Euro4 commercial vehicle range offers efficient & sustainable transport solutions. We are confident that this collaboration will allow our customers to enjoy a flexible & customised leasing solution for Tata commercial vehicles & Agri- machinery,” DIMO, Group CEO, Gahanath Pandithage said.

“We are excited to further strengthen the partnership with DIMO to offer unparalleled discounts and an assortment of special benefits to our loyal customer base. Through partnerships of this nature, we can deliver flexible and innovative leasing solutions customised to meet the specific needs of our customers, and help them to achieve their dream of expanding their businesses to greater heights,” HNB Deputy General Manager- Retail and SME Banking, Sanjay Wijemanne said.

The partnership will offer HNB customers a host of benefits, including attractive leasing packages, low-interest rates, and customised leasing facilities, tailor-made to suit each customers’ budget and income. DIMO will offer special discounts on a range of vehicles and agri-machinery combined with unmatched warranty periods.

Meanwhile, new leasing customers will be offered the HNB Prestige Prime credit card providing access to exclusive discounts on automobile products, servicing, spare parts, tyres and batteries. The first year annual fee for the credit card is waived off.

DIMO will offer HNB customers a special discount of Rs. 50,000 for Mahindra Rotavators, in addition to a Rs. 10,000 discount for light commercial vehicles, medium and heavy trucks, tippers and prime movers. Free registration will be available for Swaraj tractors & a 50% contribution on registration will be offered for Mahindra tractors.

Additionally, HNB customers will be entitled to a comprehensive extended three-year warranty for CLAAS combine harvesters and a one-year comprehensive warranty for LOVOL harvesters. DIMO will also offer a free set of additional front tires worth Rs. 30,000 for Mahindra Compact 4 WD tractors.

DIMO offers excellent after-sales service and genuine spare parts in addition to 24-hour roadside assistance service for TATA customers to complement the range. Additionally, Mahindra Tractor Service Camps are held free of charge twice a year across the island to provide the farming community with an opportunity to service their tractors in time for the cultivation season.

A TATA vehicle will be on display at selected HNB customer centres while special leasing promotions will be organised at selected TATA showrooms across the island. Further information about offers can be obtained from HNB customer centres and DIMO showrooms island-wide or contact HNB on 011-2462462 or contact DIMO on 011-2449711

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FinTech Hive introduces Moneta ‘Lifestyle App’ in Sri Lanka

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FinTech Hive, a homegrown start-up company founded through PickMe’s incubation programme, introduced their tech-enabled, futuristic and secure financial assistance platform ‘Moneta’ to the Sri Lankan market recently.

Moneta is an on-demand, versatile personal financial assistance ‘Lifestyle App’ which enables discerning users make prudent financial decisions with regard to saving and spending. Moneta is working with Sri Lanka’s leading Banks to provide fast, reliable and secure services to fulfill customers’ emergency financial requirements at any given time. Customers can choose a flexible repayment method based on their preference and at their convenience. Interested individuals can access Moneta Service by downloading the Moneta App from Google Playstore.

Ideally positioned to cater to young working executives, Moneta’s brand-promise is aptly titled ‘Life beyond Limits’.

“Moneta works with three pillars: Speed, Innovation, and Positive Social Impact. Our innovative solution allows customers to enjoy fast and personalized services. As a truly Sri Lankan brand, we strive to create a positive social impact on the lives of Sri Lankans. Moneta is a personal friend to young executives, enabling them to cherish life’s finer things,” commented Shayanthan Kanaganayagham, Founder & CEO of Moneta.

Moneta provides young executives the opportunity to enjoy a comfortable, appealing social lifestyle with access to credit on-demand.

Customers can access Moneta Lifestyle as soon as they register with Moneta by providing their name and mobile number. Anyone can use the Moneta lifestyle services whileMoneta Premium service is currently only available to salaried employees.

Moneta Premium Service allows fulltime,salaried employees to access on-demand credit facility up to LKR 100,000 through MoCredit and MoEMI (Equally divided Monthly Installment) based on their credit worthiness.

To access Moneta Premium service, customers need to provide proof-of-identity, home address and proof-of-employment. But this process merely takes 5 minutes of their time. Once Moneta Premium is enabled, customers can make use of the on-demand credit facility in MoCreditforutility bill payments and enjoy access to personalised instant loans.

 

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Perera & Sons Bakers celebrates 118 years of excellence

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Perera and Sons recently celebrated their 118th anniversary. The rich history and legacy of the Company that has lasted over a century and close to two more decades remains unprecedented in the food services industry of Sri Lanka.

The beginnings of the multi-faceted P&S business that continues to prosper today began with the hands of K.A. Charles Perera who hailed from the remote Southern village of Kodagoda. When this pioneer baked his first loaf of bread at the turn of the 19th century, he could never have guessed that he was about to establish an empire. Mr. Charles, using not much more than an old baking tray and his own ingenuity, went from door to door selling his products – this was the start of the P&S legacy. Standing the test of time, P&S has lived on through today’s fourth generation management of the company.

Quality has always been of paramount importance for P&S. This has been reflected since its inception. P&S won over a loyal and ever-growing customer base due to these exacting quality standards. The undying support from the brand’s customers resulted in P&S setting the standard and becoming a benchmark among the competition. From installing the first electric ovens and setting up cutting edge production facilities, the company now boasts numerous production facilities in locales such as Hikkaduwa, Kandy, Kurunegala, Pasyala, Matara, Pelmadulla, Mihintale, Dambulla, Embilipitiya and Kataragama.

After 118 years of enhancing and expanding their founder’s initial business philosophy since 1902, more than 160 outlets across 7 provinces stand as a testament to the exceptional qualities inherent in the business operations of P&S. However, this has not been without change. Over time, the family-run business has realized that change is unavoidable when in operation for so many years. Thus, it has been their credo to cater to the ever changing tastes of its loyal customers to the best of their abilities.

 

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Sunshine acquires Daintee, diversifying its business beyond Watawala tea

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Consumer sector of the Sri Lankan conglomerate Sunshine Holdings has completed its acquisition of a leading Sri Lankan confectionery company Daintee Limited, adding several leading brands to its portfolio, including Daintee, Milady and Bensons. The transaction was valued at Rs. 1.7 billion.

This move comes at a time where Sunshine as a Group looks to strategically expand its presence in Sri Lanka’s fast-growing FMCG segment by extending its portfolio beyond tea, where they hold the No. 1 position. Daintee joins Sunshine Consumer’s growing portfolio of businesses that markets and distributes some of the country’s most-loved tea brands—Watawala, Zesta and Ran Kahata. The acquisition is in line with the Group’s strategy to nurture and build local brands.

Daintee Limited, founded in 1984 in collaboration with Barker and Dobson, a prestigious U.K. confectionery company, is a market leader in the sweets and toffee category in Sri Lanka. At present, the company boasts of an extensive product range consisting of toffees, sweets, jellies, chocolates and cocoa-based confectionery, bubblegum, desserts, biscuits and snacks where Daintee maintains a 40% market share in toffees and sweets. The products are marketed under the brand names such as Daintee, Milady, Bensons, Chito, Chix, X-tra, Mr. Bitz, Excella and Longlive.

“We are pleased to welcome Daintee Limited’s confectionery brands and its talented employees to the Sunshine Group,” said Sunshine Group Managing Director Vish Govindasamy.

“Daintee’s portfolio of brands are household names which have gained popularity and loyalty across generations. The addition of the Daintee portfolio of brands is a significant step towards Sunshine Consumer’s aim of being a strong player in the FMCG sector. With our marketing prowess that has enabled us to be the No.1 branded tea company in Sri Lanka, we hope to achieve the vision we have for every one of our brands to be the No. 1 in their sector of influence.”

The company has two primary manufacturing sites and four other locations for warehousing and packaging in the Ratmalana industrial zone. Furthermore, Daintee Limited is certified with ISO 9001:2015 and is the only confectioner in the country with an advanced microbiology testing centre.

 

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