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LOLC launches SWAIREE

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LOLC Finance, Sri Lanka’s largest Non-Banking Financial Institution (NBFI) unveiled ‘SWAIREE’, a Visa Platinum credit card designed exclusively for nation’s Career women to achieve their desires through innovative financial solutions and trusted value additions. Swairee, launched in parallel to the International Women’s Day on the 08th of March 2022, resembles this year’s international theme “Gender equality today for a sustainable tomorrow”.

Remodelling the modern women’s financial freedom, Swairee, launched under the theme of “power to be me”, offers a meaningful way to support and to fast-track the gender equality, while creating an inclusive and a sustainable approach in the economic empowerment of the country.

Shaping the experience to be much more rewarding, Swairee holders are not required to pay an annual fee for card renewals, instead only a lifetime membership fee will be charged. Amongst the many other benefits offered by Swairee, all card holders will be automatically placed on the platinum grade when obtaining the card. Swairee will be a vertical card with a smart reflect, placed in an exclusive packaging and will be delivered to the card members along with a surprise gift.

A significant initiation of Swairee is the ‘Women Empowerment Fund’ launched in parallel to the facility. With every transaction, LOLC will donate an equivalent of 0.1% of the transaction value to a Women’s Empowerment Fund and the contribution will be cited in the monthly credit card statement. The Swairee members will be ranked based on the contribution to the fund and will be rewarded accordingly.

Commenting on the launch, Conrad Dias, Director/CEO of LOLC Finance PLC said “In the present day, women around the world still continue to face inequalities bearing the economic impacts of the pandemic deviously. Swairee, the credit card by LOLC Finance is the element of response offered to overcome the modern day challenges faced by women. Swairee is specifically developed to elevate their financial freedom by allowing them to reach their financial aspirations with much ease”.

The Head of SME & Consumer Business of LOLC Finance, Hasala Thilekaratne added “This card is of a dual significance; Swairee is introduced with gender inclusiveness to the LOLC Finance portfolio while bridging a stable channel to empower women in need. Swairee will also be a stepping stone for a comprehensive women focused financial package in time to come. Henceforth, becoming a LOLC Swairee credit card member means you are not only getting a world class credit card but also access to offers and experiences”.

Also commenting, Ruwini Hettiarachchi, Product Manager of Swairee stated “LOLC Finance was bestowed the honours of being the Most Innovative and Most Trusted Financial Services Brand in Sri Lanka, by the Global Brand Awards recently, which is a true testament of our commitment of introducing products of this nature. Swairee has also introduced a QR-code based Green PIN to card members to set up their own PIN number. For further details, you could visit our website www.lolcfinance.com”

LOLC Finance PLC, the largest Non-Banking Financial institute with the largest Fixed Deposit and Savings Deposit base is rated (SL) A (Stable) by ICRA Lanka Limited and is licensed by the Monetary Board of the Central Bank of Sri Lanka.



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Wing Commander (Retd.) D. Pradeep S. Kannangara elected president, Industrial Security Foundation

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The Industrial Security Foundation (ISF) which acts as the sole organization in Sri Lanka to represent the Private Security industry having incorporated by an Act passed in the Parliament, Act No. 51 of 1999, elected Wing Commander (Retd.) Pradeep Kannangara as its President for the years 2022/2023 at its 30th annual General Meeting which was held at the PIM Auditorium in Borella. Wing Commander Pradeep Kannangara was appointed President while 14 other members were appointed to the Executive Committee, strengthening the ISF in order to drive and uplift the standards of the private security industry in Sri Lanka.

He has served on the ExCo consecutively since 2012 under four different presidents where he held the positions of Senior Vice President during the last three consecutive years. He has also been a committed member of the ISF and was awarded prestigious coveted FISF title due to his many valuable contributions to the organization and the Private Security Industry in Sri Lanka in 2012.

Wing Commander Kannangara’s journey into private security began after a successful career in the Sri Lanka Air Force for over 24 years where he served in many capacities finally being the Officer Commanding of the Special Air Borne Force. A recipient of the Ranasura Padakkama (RSP) Gallantry award for his bravery, sacrifices and service to the nation by the President of the Socialist Republic of Sri Lanka in 1990. He holds a Master’s in business management from the Edith Cowan University, Perth, Australia too and serves as a Board Director in AB Securitas (Private) Limited in Sri Lanka and AB Securitas Bangladesh Limited.

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Kitchen & Bedroom reaffirms its partnership with Häfele Sri Lanka

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(L-R) Pawan Singh- General Manager Sales & Marketing at Hafele Sri Lanka, Jurgen Wolf- Managing Director Hafele South Asia, Dr. Sacquaff- Group CEO Kitchen & Bedroom, and Manish Mahajan, Director Sales Hafele South Asia

Kitchen & Bedroom, a name synonymous in the interior designing and furniture sector in the country recently celebrated its long-standing partnership with Häfele Sri Lanka during the latter’s 12th year anniversary celebratory event, reaffirming its ambitious plans to further strengthen and explore the numerous opportunities available here.

Häfele Sri Lanka, part of Häfele India which is a wholly owned subsidiary of the Hafele Global network, is a technology partner for various projects and initiatives of Kitchen & Bedroom. Both the companies operate in the interior design space, sharing their cumulative knowledge and expertise to provide extensive and personalized solutions catering to domestic requirements.

‘We take great pride in our association with Häfele Sri Lanka having exchanged and collaborated on many projects both commercial and household. We share similar values such as providing high quality, sustainable, functional and customized solutions to our customers, and most importantly to guide them through every aspect and step of the project and how best we could bring out their desired design,’ said Dr. Sacquaff, Kitchen & Bedroom Group CEO.

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DSI strengthens its islandwide presence with three new showrooms

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Amid the prevailing economic hardships faced by Sri Lanka, Sri Lanka’s premier footwear brand DSI recently expanded its islandwide presence in the country with the opening of three new showrooms in Kahawatta, Akuressa, and Chavakachcheri, with the aim of offering greater access to its diversified product range to a wider customer base.

Gracing the special occasion, the showrooms were declared open by D. Samson & Sons (Pvt.) Ltd. Managing Director Thusitha Rajapaksa, in the presence of Director Asanka Rajapaksa, General Manager Pradeep Samarathunga, National Sales Manager – Retail Sales Naleen Weerawardana, invitees, and well-wishers.

Speaking at the opening ceremony, Thusitha Rajapaksa stated: “We are excited about expanding DSI wings to three new locations. Despite the ongoing economic conditions of the country, we took a call to take a proactive measure to expand our islandwide presence. While it has been a challenge, the commitment and hard work of our team has made it possible to serve our loyal customers better, and we are confident that we will be able to continue these efforts in the future as well.”

DSI is renowned for its well-trained staff who offer exceptional customer service. The three new DSI showrooms prioritize providing a unique service and customer support to make purchasing further convenient for the customer.

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