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Lanka Hospitals Diagnostics and Koko collaborate



(From left to right) Sandun Wajira Kumara - Senior Finance Business Partner, Dr Geethani Galagoda - Head of Laboratories, Nimal Ratnayake - Chief Marketing Officer, Deepthi Lokuarachchi - Group Chief Executive Officer, Naheed Zainudeen - Head of Commercial - Daraz Financial Services, Shakthi Bhanuka - Merchant Success Executive, KOKO, Feroz Amjah - Executive - Business Development, Badrajith Siriwardana - Group Chief Financial Officer.

Lanka Hospitals Diagnostics (LHD) recently partnered with the region’s largest ‘Buy Now – Pay Later’ (BNPL) App, Koko. LHD is the first laboratory service to partner up with Koko whereby LHD clients are offered the convenience of making payments in three interest-free instalments.

Koko, launched in 2020 is a venture by Sri Lanka’s largest e-commerce company Daraz. The service quickly gained popularity post-COVID-19 due to the convenience it offered to users to pay in 3 equal instalments within 60 days at 0% interest. Koko’s focus on catering to both credit and debit cardholders has resulted in outstanding growth within a short span of time, with the App counting over 500,000 users and 2000+ merchants across the island at present.

“LHD focuses on cutting-edge technological advancements and gears its innovations to keep abreast with international medical laboratory standards. We believe that every Sri Lankan deserves to be treated through insights gathered from an accurate medical laboratory report. LHD’s partnership with Koko signifies the commitment to make quality healthcare affordable to all Sri Lankans.” said Dr. Geethani Galagoda, Head of Laboratories of LHD.

Dr. Galagoda further stated that the unprecedented economic challenges have compelled the majority of citizens to prioritise their spending. She further highlighted the salience of prioritising healthcare spending over other forms of expenses, as negligence in primary screening laboratory tests can exacerbate to greater health complications that will demand a greater amount of spending which will severely compromise the quality of living.

Being a groundbreaker in Sri Lanka’s fintech industry, Koko aims to bring financial freedom and convenience to its customers, whilst enabling growth for brands, retailers and businesses. Koko’s intent to serve the 18 million debit cardholder base and beyond in Sri Lanka has proven to be fruitful, allowing the App to penetrate deep into the Sri Lankan population.

“Koko is, first and foremost, committed to bettering the lives of all Sri Lankans, whether

it be financial freedom or in this instance, affordable access to lifesaving services. Our partnership

with LHD is a testament to that mission. We are excited to collaborate with a pioneer in medical laboratory services and offer our users the convenience of easy instalment plans for important diagnostic services with just a simple sign-up for access to instant credit limits and interest free instalments, even with a debit card.” – Naheed Zainudeen, Head of Commercial – Daraz Financial Services.

Being a trailblazer in medical laboratory services, LHD stands tall as the only College of American Pathologists (CAP) accredited lab chain with an extensive presence across the country counting over 50 fully owned laboratory outlets and 9 minilabs, coupled with the globally accredited, state-of-the-art, reference laboratory complex at Narahenpita. Through this extensive presence, LHD has enabled all citizens of Sri Lanka to benefit from top notch diagnostic services at affordable prices.

A fully owned subsidiary of Lanka Hospitals Corporation PLC, LHD is the first Sri Lankan laboratory to consistently be accredited with CAP for over 6 years since 2017 to date, a solid proof for the unmatched high standards achieved by LHD spearheading the benchmark for achieving quality at an affordable price in the healthcare industry and now ensuring that innovation and technology supports its customers wherever needed.

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Opposition law makers’ critical comments check CSE’s morning momentum



By Hiran H. Senewiratne

The stock market yesterday kicked- off on a positive note during the first session but the momentum did not sustain due to opposition law makers’ negative remarks on the current negotiation process with external creditors, market analysts said.

President Ranil Wickremesinghe had discussed debt restructuring and economic reforms with International Monetary Fund Managing Director Kristalina Georgieva, a President’s media division statement said.

“In their discussion, they focused on the ongoing reforms in the financial sector and the significant advancements in debt restructuring efforts, the statement said.

Amid those developments, both indices moved downwards. The All- Share Price Index went down by 71.76 points while the S and P SL20 declined by 14 points. Turnover stood at Rs 1.19 billion with four crossings.

Those crossings were reported in Windforce, which crossed 11 million shares to the tune of Rs 209 million; its shares traded at Rs 90, RIL Properties 20 million shares crossed for Rs 130 million and its shares traded at Rs 6.50, Hayleys Fabrics 500,000 shares crossed to the tune of Rs 23.1 million and its shares fetched Rs 46.20 and Laugfs 630,000 shares crossed for Rs 22 million; its shares traded at Rs 35.

In the retail market top seven companies that mainly contributed to the turnover were; JKH Rs 180 million (970,000 shares traded), CIC Holdings Rs 51.5 million (686,000 shares traded), Lanka IOC Rs 47.6 million (415,000 shares traded), Capital Alliance Rs 37.4 million (491,000 shares traded), HNB Rs 35.6 million (210,000 shares traded), Aitken Spence Hotels Rs 32.8 million (411,000 shares traded) and Softlogic Capital Rs 23.3 million (1.9 million shares traded). During the day 61.4 million share value changed hands in 9000 transactions.

Yesterday, the rupee opened at Rs 325/15 to the US dollar after closing the previous day at Rs 324.75/325.00 to the US dollar, dealers said.

Bond yields were up. A bond maturing on 01.08.2026 was quoted up at 14.80/15.20 percent from 14.50/70.A bond maturing on 15.09.2027 was quoted up at 14.60/15.20 percent from 14.35/50 percent. A bond maturing on 01.05.2028 was quoted up at 14.10/50 from 13.70/14.00 percent.

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Robocash Sri Lanka’s ESG commitment shines on International Coastal Cleanup Day at Dehiwala Beach



Robocash Team at Dehiwala Beach - Robocash EcoSplash: Beach Cleanup and Beyond

Robocash Sri Lanka marked International Coastal Cleanup Day by furthering its “Robocash EcoSplash: Beach Cleanup and Beyond” initiative, which took place on September 17th, at Dehiwala Beach, Sri Lanka.

This environmentally-conscious initiative was a testament to the company’s unwavering commitment to environmental sustainability, community engagement, and responsible corporate citizenship, all of which are in alignment with the Environmental, Social, and Corporate Governance (ESG) principles.

ESG gained significant prominence in recent years as a guiding framework for responsible investment. It takes into account a company’s environmental impact, social responsibility, and governance practices, aligning them with the broader goals of sustainability and societal well-being. Robocash Sri Lanka recognizes the critical importance of ESG values in today’s world and is dedicated to integrating them into its operations and initiatives.

The “Robocash EcoSplash: Beach Cleanup and Beyond” program was a collaborative effort with the company’s internal team, showcasing the dedication of Robocash Sri Lanka’s employees to make a positive impact on their local environment and community.

Konstantin Bereutsyn, Country Manager of Robocash Sri Lanka, addressed the team at the event, saying, “Our commitment to environmental sustainability and community engagement goes beyond business as usual. We believe that being a responsible corporate citizen involves actively participating in initiatives that benefit society and the environment. This beach cleanup event is just one of the many ways we intend to contribute to a cleaner, greener, and more sustainable future for Sri Lanka.”

The program ensured that all necessary permits and permissions for the beach-cleaning activity were obtained, and strict adherence to government health guidelines was maintained throughout the event to prioritize the safety and well-being of all participants.

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Ceylinco Life opens up the world once again for policyholders with ‘Family Savari 17’



Screen visuals from the virtual launch of Ceylinco Life’s ‘Family Savari 17’ promotion.

The world is opening up once again for Ceylinco Life policyholders with the return of overseas holidays for the family as the main loyalty reward under the life insurance market leader’s ‘Family Savari’ mega promotion, the largest initiative of its kind in the local life insurance sector.

The 17th edition of Family Savari announced this week will provide overseas holidays for 15 policyholder families in 2024 – to Türkiye for five families and to Malaysia for another 10 families – reverting to the original theme of the promotion.

Another 250 policyholder families comprising of 1,000 people will get to spend a fun-filled day at the Pearl Bay Water Park at Bandaragama, a new location for the local segment of the Family Savari.

“The Family Savari promotion has always been about the importance of quality family time and creating memories of a lifetime for our policyholders and their loved ones,” Ceylinco Life’s Deputy Chief Operating Officer Mr Samitha Hemachandra said. “Unfortunately, the pandemic made overseas travel inadvisable, but we are now delighted to be able to reward our loyal policyholders and their families with holidays to some of the world’s most popular destinations.”

With the beginning of the Covid-19 pandemic in 2020, Ceylinco Life’s Family Savari opted to reward winners initially with gold instead of the overseas holidays and local excursions, and subsequently with cash rewards to the full value of the prize purse, and thereafter with family vacations in leading local hotels as health concerns began to ease.

At this year’s Family Savari promotion, a total of 265 policyholders will be selected at two draws that will take place in November 2023 and January 2024 to reward them and their family members, numbering 1,060 people in all, for their loyalty to Ceylinco Life. The mega promotion has to date rewarded more than 35,000 people in this manner.

To be eligible to win overseas holidays or the local excursion at the Family Savari draws, Ceylinco Life policyholders are simply required to continue their existing policies with the Company or maintain a minimum account balance in their retirement plans during the promotion period, 1st September to 31st December 2023.

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