Connect with us

Business

‘More than 500,000 jobs in local vehicle industry at stake’

Published

on

By Hiran H.Senewiratne 

The vehicle industry in Sri Lanka is now going through a major crisis due to import restrictions. As a result, more than 500,000 direct and indirect local jobs are at risk, Director,  Sterling Automobiles Lanka  Renuka Wijesiriwardane said.

“Our company’s main business being vehicle after sales services, all stakeholders  have been  noticed that our business has dropped by more than 50 percent up to now, Wijesiriwardane said at the recent launch of the  SterlingCars.lk website  by Sterling Automobiles Lanka Pvt Ltd – one of Sri Lanka’s prominent automobile service providers. 

SterlingCars.lk is a web platform which aims to provide a marketplace for buying and selling automobiles. The website offers a comprehensive range of vehicles, covering numerous makes and models. The event was held at Taj Samudra  Hotel.

Wijesiriwardene said that all vehicle importers must completely convince the decision makers of the country and avail of some relief because people in this sector cannot switch for  any other job. 

The design of SterlingCars.lk aims to provide a free of charge, simple, fast and reliable buying and selling experience to consumers. Through this website Sterling Automobiles aims to drive online sales for cars of all makes and models and hopes that it will be an ideal platform for potential vehicle buyers and sellers to get the right value for a product.

Moreover, vehicle sellers who opt to sell through SterlingCars.lk have the option of obtaining a Multipoint Inspection Certificate from the Sterling Aftercare Centre. The site will distinguish those vehicles that have received the Multipoint Inspection Certificate – meaning that the vehicle on sale has been inspected and its condition is certified by the expert technicians at Sterling Aftercare. Not only will this concept add value to the vehicles on sale, it will also provide an assurance to buyers about the quality of the vehicle. Furthermore, automobiles that are sold via the website will be entitled to a labour free full services from Sterling Aftercare Centre for one year from the date of sale.

In addition, upon receiving automobile services and repairs from Sterling Aftercare Centre, customers who have purchased their vehicles via SterlingCars.lk will also be entitled to join Sterling Aftercare Centre’s Sterling Steorra Loyalty Programme. The Steorra Loyalty programme will enable customers to opt for a Sterling-HNB co-branded Visa debit card and turn the loyalty points they earn into cash; and use it anywhere in the world.

The website allows users to seamlessly upload ads onto the site and have them displayed within 2-3 hours of posting. All ads will be subjected to a verification and approval process to ensure that they follow the site’s terms of use and the information published is correct and is as genuine as possible.

Sterling Automobiles is the sole authorized franchisee service provider for reconditioned Japanese and European vehicles that are exported to Sri Lanka by Sterling Japan under the Sterling Aftercare Guarantee. The company operates six state-of-the-art facilities known as Sterling Aftercare Centres to provide after sales services to vehicles with the Sterling Aftercare Guarantee. Located in Mahara, Udahamulla, Ratmalana, Dunagaha, Narahenpita and Galle, Sterling Aftercare Centres are fully fledged facilities that are geared to provide any automobile related service to discerning vehicle owners.



Business

ComBank unveils new Corporate Branch at Head Office

Published

on

Commercial Bank Managing Director/CEO, Sanath Manatunge, Chief Operating Officer S. Prabagar, Deputy General Manager – Corporate Banking Hasrath Munasinghe, Corporate Branch Chief Manager -Ruvini Samarasinghe and representatives of the Bank’s corporate and senior management at the opening of the new Corporate Branch

The Commercial Bank of Ceylon has transformed its iconic ‘Foreign Branch’ into the ‘Corporate Branch,’ reaffirming its commitment to delivering dedicated, comprehensive financial solutions to corporate and trade customers.

The Bank said this transformation represents a new milestone in its illustrious journey, and resonates with the rich commercial heritage of Colombo, a city that has long served as a vital trading hub in the region.

Strategically located at the Bank’s Head Office at Commercial House, 21, Sir Razeek Fareed Mawatha (Bristol Street), Colombo 1, this rebranded Corporate Branch stands as a first of its kind in Sri Lanka —a premier financial hub tailored exclusively to the needs of corporate customers, the Bank said. The transformation aligns with the Bank’s vision of providing unparalleled service excellence, bespoke financial solutions, and fostering long-term business partnerships.

Commenting on this strategic initiative, Commercial Bank’s Managing Director/CEO Sanath Manatunge stated: “It is our aspiration that just as the historic Delft Gateway, at which our Head Office is located, once opened the path to the Dutch Fort, our Corporate Branch will chart a new era of enduring and prosperous business collaborations, that will extend beyond Sri Lanka’s shores.”

Continue Reading

Business

Fits Retail and Abans PLC Unveil Exclusive DeLonghi Premium Coffee Experience

Published

on

The iconic DeLonghi coffee machines at Abans showroom

Fits Retail has partnered with retail giant Abans PLC to showcase the iconic DeLonghi coffee machines at two of Colombo’s most prestigious locations: Abans Elite Colombo 3 and Abans Havelock City Mall showrooms.

At these dedicated demonstration zones, visitors can discover the unparalleled precision engineering and user-friendly technology that have made DeLonghi machines the preferred choice for discerning coffee lovers in more than 46 countries worldwide. Renowned for consistently delivering café-quality espresso, cappuccino, and even specialty cold brews, DeLonghi machines exemplify Italian innovation at its finest.

Yasas Kodituwakku, CEO of Fits Retail, expressed excitement about the collaboration: “This partnership represents our unwavering commitment to bringing global coffee excellence to Sri Lankan connoisseurs. With Abans PLC, we’re creating more than just demonstration spaces; we’re curating premium destinations for an authentic coffee experience.”

“As pioneers of premium lifestyle experiences in Sri Lanka, our collaboration with Fits Retail aligns seamlessly with our vision of elevating everyday moments into exceptional experiences,” said Tanaz Pestonjee, Director Business Development at Abans PLC.

Continue Reading

Business

Members’ Night of the Sri Lanka – Russia Business Council of The Ceylon Chamber of Commerce

Published

on

Participants at the Members’ Night

The Sri Lanka-Russia Business Council (SLRBC) of The Ceylon Chamber of Commerce (CCC) hosted a Members’ Night on March 27, at the Sophia Colombo City Hotel. The event, attended by His Excellency Levan S. Dzhagaryan, Ambassador of Russia to Sri Lanka, offered a valuable platform for business leaders, embassy officials, and Members to discuss and explore opportunities for deeper Sri Lanka-Russia collaboration, a CCC news release said.

SLRBC President, Mr. Jude Fernando, kicked off the evening with a speech highlighting the importance of strengthening international ties, which was followed by H.E. Dzhagaryan’s address on the need for continued engagement between the two countries. The event featured networking opportunities, allowing Members to connect with key stakeholders and discuss future business ventures, followed by a delightful dinner.

The event was made possible with the generous support of sponsors, including OCEAN 7 Logistics (Pvt) Ltd, Bally/Walkers Tours, Fibre cement associations, Ceylon Fresh Teas, SCANWELL Logistics, Regency Teas, Shan Teas, and others, whose contributions were key to its success.

The SLRBC is committed to further facilitating trade and cultural exchange between Sri Lanka and Russia, continuing to foster stronger business relationships.

Continue Reading

Trending