Samsung, Sri Lanka’s No. 1 Smartphone Brand, recently unveiled their latest premium flagship series, the Samsung Galaxy S22. The event, which included Samsung’s Student Ambassadors and Members, took off on a high note and received phenomenal feedback in response a company news release said.
“Samsung Student Ambassadors are the young representatives of the brand, hailing from many reputed universities across the country. The Samsung Student Ambassador Program came to life as a platform for young and talented university undergraduates in Sri Lanka to enhance their knowledge and skills,”it said.
“Among them, great innovators were selected and stood a chance to go through amazing training programmes and gained exposure to many tech experts and industry leaders. In addition to these young ambassadors, expert level members who provide advice to Samsung Galaxy users in order to help solve their product related issues and share the Samsung Galaxy experience were also present at the event.”
The event took off on a positive note as these Student Ambassadors, with the aid of the Samsung Members, were able to experience firsthand the amazing features of the Galaxy S22 series. There were several booths erected to experience the most premium features of the series, including the ‘nightography’ feature, 5G compatibility and gaming. Further, the students also had an opportunity to meet the Managing Director of Samsung, Mr. Kevin SungSu YOU, in addition to Samsung personnel, influencers and Yohani de Silva, Samsung’s brand ambassador. They also had an insight into the 5G technologies in Sri Lanka, the release further said.
“We’re excited to introduce these cutting-edge next-generation products to the next generation of consumers,” said Mr. Kevin SungSu YOU, Managing Director, Samsung Sri Lanka. “It has been a great opportunity for Samsung Student Ambassadors and Members to experience firsthand the excellence of the Samsung Galaxy S22. Our Ambassadors and Members have been an immense support to us throughout this journey and we are honored to have them at our launch as well.”
These are what Samsung’s Student Ambassadors had to say about the event:
Naveen Fernando – Saegis Campus
It was an amazing event to be a part of. Also it was great to meet the Samsung Staff, Celebrities, Student Ambassadors, and Expert level members. I used to watch launch events online for a long time. Back then, I wished that I would be able to participate for a physical launch event one day. Samsung made that wish come true. I also gained a lot of knowledge from the amazing speeches about 5G and technology.
Punesha Weerasinghe – University of Colombo
The Samsung Galaxy S22 event was an awesome experience for me as I got the chance to meet other Samsung Student ambassadors and learn about the newest 5G technology. The event was very colorful and enjoyable with the main ambassador Ms. Yohani’s performance.
Dinuka Piyadigama – Informatics Institute of Technology
The Samsung Galaxy S22 launch event was the best tech event that I had ever gotten invited to. I had a really good time, got to meet lots of people who were equally enthusiastic about tech. Having the devices to get hands-on experience was really fun & exciting.
Zeron Anas – General Sir John Kotelawala Defence University
We had an amazing experience with the Samsung Student Ambassadors initiative while learning so many things to broaden our knowledge on 5G technology, S pens, enhanced productivity features, pro-grade cameras, massive storage, faster charging technology and artificial intelligence used in Galaxy S22 Ultra.
Fathima Litha – KAATSU International University Sri Lanka
Samsung S22 launch was our first physical gathering as Samsung Student ambassadors and my first ever official Samsung event. So really enjoyed every bit of it from meeting the MD of Samsung, Mr. Kevin and the executive Committee, interacting with our fellow student ambassadors and expert level Samsung members, to being entertained by the performance of Yohani, the brand ambassador, experiencing the awesome photo booths.
Azarudeen Mohamed – The Open University of Sri Lanka
I was able to learn about the new things of next generation mobile tech 5G. And got a chance to meet the other Student Ambassadors which I anticipated for a long period of time.
Shajani Perera – National School of Business Management
It was an absolute honor to be a part of such a perfect evening with the most amazing people. The whole event was very well organized and there was never a dull moment. I didn’t feel like I was meeting everyone for the very first time, instead I felt like I was at a family gathering, which is what I loved the most about the entire event.
Sayuru Katipearachchi – Ocean University Sri Lanka
It was an amazing event. This was my first experience attending a product launch, and loved experiencing Galaxy S22’s Nightography feature. I am very proud to be a partner of this event. It was a dream come true.
Gishan Rivindu – Sri Lanka Institute of Information Technology
It was a super cool moment and really enjoyed the time with all of Samsung Student Ambassadors, Experts and Samsung Team for the first time physically. Galaxy S22 and S22 Ultra are the best devices that I have seen so far. Also I’m glad to have the opportunity to experience by using it and I really love the nightography experience that we had. Also looking forward to take participation on more product launch events in the future.
Nimasha Sankalani – University of Colombo
From the beginning to the end I felt much honored being a part of the launching event of Samsung Galaxy S22 series. It was well planned and the organizing committee did a superb job.
Uditha Gamage – University of Moratuwa
The program included various events aimed at delivering insights into the features of the product line-up. I especially enjoyed the Nightography feature experience that was available in the product booths. Another highlight of the event was the delightful musical performance by the Samsung brand ambassador Yohani.
Vinura Osada Gallage – University of Moratuwa
Thank you Samsung Sri Lanka Team for inviting us to experience the Galaxy S22 Unpacked Event. It was better, cooler and awesome in every way than watching live on a screen.
Here’s what Samsung Members had to say about the event:
Sadesh Abeysinghe – Expert Level 5
I think the S22 series launch was well executed. It was my second time attending a physical unpackeING event in Sri Lanka, and like their phone quality, Samsung’s organizing team delivered something fantastic.
Janith Chandima Fernando – Expert Level 5
Having the devices to get hands-on experience was really fun and was exciting for the first time in Sri Lanka. And I was able to take pics under low light and they were amazing. The features and specifications of the phone was quite amazing, including the camera which was awesome.
Sakila Pamudith – Expert Level 2
In particular, it was a great opportunity to meet Mr. Kevin Sungsu YOU and other Samsung executive officers and also thank you so much for joining us on all the special occasions.
SL’s hard default status impacts CSE negatively
By Hiran H. Senewiratne
The CSE slipped in the first hour of trading yesterday after opening over 2.0 per cent up due to SJB lawmaker Dr Harsha de Silva informing that Sri Lanka has now become a hard default country with the failure to pay loans raised from other countries, stock market analysts said.
Sri Lanka’s impending default on US $12.6 billion of overseas bonds is flashing a warning sign to investors in other developing nations. Besides surging inflation is set to take a painful toll. The current petrol crisis has driven the CSE to negative territory, analysts said.
Following the previous day’s momentum, the market opened the day gaining over 2.28 per cent or 192.88 points. Amid those developments, the All- Share Price Index slipped 0.39 per cent or 40.44 points and S and P SL20 went down by 7.76 points. Turnover stood at Rs 3.5 billion without a crossing.
In the retail market top seven companies that mainly contributed to the turnover were; Expolanka Holdings Rs 1.1 billion (8.86 million shares traded), Browns Investments Rs 585 million (66.7 million shares traded), LOLC Finance Rs 527 million (49.5 million shares traded), Softlogic Life Insurance Rs 169 million (2.3 million shares traded), Softlogic Holdings Rs 145 million (16.3 million shares traded), LOLC Holdings Rs 116 million (210,000 shares traded) and Lanka IOC Rs 87.1 million (21 million shares traded). During the day 268 million share volumes changed hands in 33659 transactions.
The country’s manufacturing and services sectors suffered a sharp dip in April as per the Purchasing Managers Index (PMI) compiled by the Central Bank.
The manufacturing PMI decreased by 21.4 points as against March whilst the Services PMI was down by 7.5 points. CBSL said the Manufacturing PMI declined significantly in April 2022, following the seasonal pattern and indicating a contraction in manufacturing activities on a month-on-month basis. This would impact the manufacturing and services sector counters in the stock market, analysts said
Sri Lanka’s commercial banks quoted Rs 364 for the dollar against telegraphic transfers yesterday while the Central Bank set a daily guidance rate for interbank spot trade for Rs 359.65 plus or minus Rs 2.50.
Banks could quote Rs 2.50 plus or minus under the new direction and the rate is set below the market rates. The kerb rate has also eased after spiking last week.
ComBank’s ‘Anagi’ partners with insurance companies to offer affordable insurance to female customers
The Commercial Bank of Ceylon has announced it has partnered with several insurance companies to offer special Life and General insurance products with unmatched low premium rates exclusively for women customers, under the Bank’s ‘Anagi Women’s Banking’ portfolio.
Extending the scope of the Bank’s services to support this segment, the insurance cover comprises of Life insurance, Business insurance, and Home insurance options, the Bank said.
Besides the special premium rates that apply, the insurance can be obtained via an extremely simplified process, and can be extended to the spouses of women customers. The Bank said the scheme is expected to promote financial inclusion, one of the primary objectives of the Anagi Women’s Banking portfolio, through insurance protection.
The policy value of the Life insurance cover provided under this scheme ranges from Rs 1 million to Rs 5 million and covers eventualities of ‘natural and accidental death’ of the life assured during the policy period.
Under this Life insurance facility, a female customer of Commercial Bank between the age of 18 and 45 can sign up for a Rs 1 million policy by just paying an annual premium of Rs 1,100. The spouse can obtain the same policy for Rs 1,500. Women between ages 46 and 65 can opt for the same sum assured with an annual premium of Rs 2,200, if the policy is taken for themselves, or Rs 2,750, if the policy is taken to cover the spouse. The cover can be purchased at multiples of the unit rates of Rs 1,100 or Rs 2,200.
Quoting the 2020 report of the Insurance Regulatory Commission of Sri Lanka (IRCSL), the Bank said these are incredibly affordable life insurance policies for women, considering that the average sum assured in Sri Lanka is only Rs 1.4 million for which long term insurance policyholders pay an average annual premium of Rs 28,655.
Commercial Bank’s female customers who become life insurance policyholders under this scheme are also entitled to value added services such as access to free fitness classes conducted by leading online fitness provider Fitzky, and a 15% discount on consultations at any ‘My Dentist’ clinic, the largest dental clinic chain in Sri Lanka.
In addition to the life cover, business women can also benefit from a Business Insurance under ‘Anagi.’ It offers protection against fire or lightning, explosions, malicious or aircraft damages, a series of natural disasters, burglary, acts of terrorism and commotions among other incidents. The policy covers losses to buildings including permanent fixtures, fittings, machinery, stocks, cash, and personal property of the policyholder and the cost of workmen’s compensation, hospitalisation, loss of rent, removal of debris, architect’s, surveyor’s, and engineer’s fees due to damage or accidents, and damage to service lines, to name a few. It also includes Personal Accident cover for employers and employees in the event of death or permanent disability, as well as legal liability cover.
LOLC General Insurance named Best General Insurance Company of the Year
The 3rd Emerging Asia Insurance Awards 2021, recognized LOLC General Insurance PLC as the ‘Best General Insurance Company of the Year’ amongst the top Insurance companies nominated from South-East Asia. The evaluations were done by PricewaterhouseCoopers (PwC), the multinational professional service network and the event was held ceremonially on the 30th of April 2022 in Kolkata, India.
The Indian Chamber of Commerce (ICC) initiated the Emerging Asia Insurance Awards to acknowledge, honour and to recognise the efforts made by the emerging Asian Insurance companies while creating a platform for them to discuss their common challenges and its ramifications effecting the Insurance sector.
PwC performed the groundwork for the awarding body in reviewing and assessing the applicant profiles. The selection of awards comprised of several criteria and PwC has evaluated the audited financial data (for the last three financial years) of the applicants. Performance on Technical Reserve to Net Premium Ratio, Combined Ratio, Top Line Growth, Shareholder Capital, Number of complaints received, Claim Settlement Ratio and Investment on Training were assessed in gauging the winners.
LOLC General Insurance PLC is a subsidiary of LOLC Holdings PLC, which is one of Sri Lanka’s largest and most diversified conglomerates with operations in 20 countries in Asia and Africa. LOLC General Insurance PLC is currently one of the fastest growing Insurance companies in Sri Lanka and owns 45% of Serendib Micro Insurance PLC in Cambodia. The company has evolved into one of the country’s leading insurance providers of today, in a relatively short period of time.
During the last few years the company continuously streamlined their processes and achieved greater coordination between different units of the company to implement a customer centric approach. The organisation is committed to continuously improve its overall processes, efficiency and relationships to serve the customers better.
During 2021, LOLC General Insurance recorded a premium income growth of 19.2% which was the highest growth recorded by a mid/large sized company in the General Insurance industry and reported paid claims to the tune of Rs. 2.5 billion. LOLC General Insurance has always maintained an undisputed and unsurpassed reputation for speedy settlement of claims. The amount of money provided in lieu of claim reimbursements during the last financial year itself, reflects the company’s commitment to timely claim settlements.
Commenting on the remarkable achievement Chief Executive Officer of LOLC General Insurance, Mr. Kithsiri Gunawardena said “It’s indeed an honour to be adjudged by PwC as the Best General Insurance Company of the Year at the Emerging Asia Insurance Awards 2021 organized by the Indian Chamber of Commerce. Winning the award among Pan-Asian giants this year is all the more precious to us due to all the challenges faced globally as well as within our island nation. I wish to take this opportunity to thank our untiring staff who are key in the success of the organisation and of course our invaluable customers who we strive to give the best service at all times. We will continue to provide innovative risk solutions and create value to our customers, employees and stakeholders!”
LOLC General Insurance aims to help the customers understand and to manage the risks they face, be it individual, family or business. The company works hard to offer the customers a range of products and services coupled with expert support. The solutions assure protection against numerous risks and support all classes of products in the General Insurance space. The organization is supported by Swiss Re, one of the largest reinsurers in the world.
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