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HNB Singithi ‘Giftober’ Savings Month begins with exciting new offers



Sri Lanka’s most customer-friendly bank HNB PLC announced the return of its highly anticipated Singithi Giftober Savings month with a wide range of exciting gifts from jumbo tills and stationery packs to gold sovereigns and gift vouchers of up to Rs 100,000 for its minor savers in celebration of Children’s Day.

HNB will provide its minor account holders with the opportunity to obtain maximum benefits on their deposits with the HNB Singithi Giftober promotion which will run for an exclusive 47 day period from 17 September through to 2 November.

“It is our pleasure to announce the start of the HNB Singithi Giftober month for 2020. This event has long been one of the most anticipated annual promotions carried out by the bank as this provides our most valued depositors with unprecedented benefits, while enabling HNB to rejuvenate the savings habit among our youngest customers and guide them on the path towards a financially secure future.

“Singithi Giftober Savings month is always an exciting time for all of us at the bank too, so even though it has been a very challenging year, we wanted to do our utmost to make sure that our children can still have something to get excited about when it comes to savings” HNB Deputy General Manager – Retail & SME Banking, Sanjay Wijemanne said.

In keeping with its mission to offer Singithi depositors the best value for their savings, this year’s savings promotion provides an unprecedented range of gifts starting from items such as stationery packs or jumbo caps for a deposit of Rs. 5,000 to backpacks, trolley bags, sports bags, MI bands or vouchers from DSI for deposits between Rs 25,000 to Rs. 100,000.

Additionally, deposits of Rs. 250,000 will receive a bicycle voucher from Lumala or a DSI Bike for Rs. 15,000. HNB has partnered with Abans, Singer and Softlogic to provide vouchers for deposits of Rs. 500,000 and above with vouchers ranging from Rs. 30,000 to Rs. 100,000 which can be redeemed at any of their outlets.

HNB’s extensive branch network will also be decked out to impress during the Singithi Giftober month with decorations celebrating children’s month.

“We have taken on the responsibility of ensuring that all our minor account holders have the option to live out their dreams as they grow up with the necessary financial backing.

HNB Singithi has been driven by three key pillars to encourage the habit of savings. The extensive gift scheme offers minors an incentive to save, while the Diri Daru Grade 5 scholarship provides students with further motivation to commit to their studies enthusiastically. We also took measures to financially back the future of our minor savings account holders with a free-standing order guarantee insurance scheme. The new initiative ensures that the standing order set to the child’s account continues until they are 18, in the unfortunate circumstance of a parents’ demise,” HNB Head of Deposits, Viranga Gamage said.

Singithi account holders taking the Grade 5 scholarship exam will be eligible for cash rewards when they pass the examination. Additionally, working in partnership with HNB Assurance, the bank now guarantees that in the unfortunate event of a parent’s demise – due to natural or accidental causes – HNB will continue to remit the monthly standing order set to the child’s accounts until they reach the age of 18.

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Galadari Colombo awarded ‘SLIM People’s Hotel Brand of the Year 2021’



The Galadari Colombo was given a thumbs up from the people as the People’s Hotel Brand of the Year for the second time running at the recently concluded SLIM (Sri Lanka Institute of Marketing) People’s Awards 2021.

The uniqueness of the SLIM People’s Awards is the fact that it is awarded by the public which shows the popular choice of the Sri Lankan people.

This is the 15th successful running of the much-anticipated event conducted by SLIM in association with Nielsen which is globally renowned for its measurement and consumer insights.

Having stood the test time of time in the hospitality industry for more than 3 decades the Galadari Colombo is hopeful to remain in the hearts of its people as a brand that is trustworthy and dedicated to service.



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Expatriates’ organization painting competition for Sri Lankan children from care homes highlights close India-Sri Lanka ties



Celebrating 75 years of India’s independence in Sri Lanka, Sri Lankan children from care homes converged in Colombo from all across Sri Lanka over 10-11 April 2021 for the final round of the nationwide painting competition organized by Colombo Expatriates Cultural Association (CECA) – a voluntary organization of expatriates consisting of mainly Indians – with support of the High Commission of India, Ministry of Education of government of Sri Lanka and several other partners.

Prof. G.L Peiris, Minister of Education was the Chief Guest and Gopal Baglay, High Commissioner of India was the Guest of Honour at the final round. Several other dignitaries including State Minister Piyal Nishantha were also present. The dignitaries lauded the effort as a shining example of strong people-to-people ties between India and Sri Lanka and stressed the enormous significance of the enriching experience for the children.

The competition was held in three categories – Sub Junior, Junior and Senior. The first round of the competition had seen enthusiastic participation of 4,375 students from child care homes across Sri Lanka. Contestants from all provinces who had produced sixty best paintings were invited along with one care-giver for the final round held in Colombo on April 10 at Hotel Taj Samudra. While top three winners in all the three categories were awarded SLR 100,000, SLR 75,000 and SLR 50,000 respectively in addition to various other gifts, certificates and medals, all the 60 finalists received cash awards, desktop computers, and other gifts contributed by various sponsors.

The event also formed part of ‘India @ 75’ celebrations in Sri Lanka which comprise events and activities in the run up to completion of 75 years of India’s Independence in August 2022. Prime Minister of India Shri Narendra Modi had launched these celebrations in India on March 12 2021, 75 weeks before the 75th Anniversary of Independence. In Sri Lanka, formal launch of these celebrations had taken place on April 9 2021 with the inauguration of ‘India Corner’ at the Nagananda Institute for Buddhist Studies.

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Chrissworld to raise Rs. 56.25 million through IPO



By Hiran H.Senewiratne 

Chrissworld Ltd. (CWL), an SME company  engaged in the provision of third-party logistics (3PL) services, is gearing to raise up to Rs. 56.25 million via an initial public offering (IPO) on the Colombo Stock Exchange, sources said.

The company plans to offer 7,500,000 Ordinary Voting Shares for subscription at Rs. 7.50 per share. The subscription will open on April 27, with Atara Capital Partners representing the company as managers to the issue.

Meanwhile, the CSE noted in a statement that it has approved an application submitted by Chrissworld Ltd. for the listing of its Ordinary Voting Shares by way of an offer for subscription on the Empower Board of the CSE.

The company,  starting off with Rs. 6 million capital in 2019, expanded its capital to Rs. 22.5 million and projects to obtain Rs. 79 million after the IPO.

Chrissworld will be earmarking milestones with the IPO as the first to be listed on the Empower Board, CSE’s newest listing platform, dedicated to SMEs. Further, Central Depository Systems (Pvt.) Ltd., a subsidiary company of CSE, will step in for the first time as the registrar to the issue.

Amid those developments the CSE  started  on a bullish note yesterday and during the latter part of the day with heavy retail investor participation the CSE witnessed a bullish trend. It is said that manufacturing sector counters became the most popular stocks during the day. Notable price appreciation was reported in Hayleys Group, Royal Ceramic Group and  Distilleries.    

Both indices moved upwards. The All Share Price Index went up by 100.10 points and S and P SL20 rose by 49.18 points. Turnover stood at Rs. 3.51 billion with a crossing. The crossing was reported in JKH, which crossed 1.32 million shares to the tune of Rs. 199.3 million and its share price was Rs. 151.

In the retail market, companies that mainly contributed to the turnover were; Royal Ceramic Rs. 511.2 million (1.46 million shares traded), Expolanka Holdings Rs. 359.9 million (4.5 million shares traded),  Hayleys Group Rs. 359.9 million (4.5 million shares traded), Dipped Products Rs. 321 million (5.5 million shares traded), JKH Rs. 290 million (1.9 million shares traded), and Haycarb Rs. 177 million (1.5 million shares traded). During the day 87.8 million share volumes changed hands in 23900 transactions.

Hayleys shares appreciated by Rs. 6 or eight percent. Its shares started trading at Rs. 75.90 and at the end of the day they moved to Rs. 82. Royal Ceramic shares appreciated by Rs. 13.5 or nine percent. Its shares started trading at Rs. 328.25 and at the end of the day they moved to Rs. 358.75. Expolanka shares appreciated by Rs. 2.70 or five percent. Its shares  started trading at Rs. 49.70 and at the end of the day they shot up to Rs. 52.40 and Distilleries shares appreciated by 70 cent or 3 percent from Rs. 20.20 to Rs. 20.90  

Sri Lanka’s rupee quoted steady at 202.00/203 to the one month US dollar Monday, while gilt yields remained unchanged, dealers said.

The rupee last closed in the one-week forward market at 202/203 to the US dollar on Friday. Sri Lanka markets were dull as seasonal bliss kicks in.


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