NDB Wealth celebrates a wealth of seasonal joy
This year expert financial planner NDB Wealth Management celebrates Avurudu 2021 by encouraging a wealth of seasonal joy for their valuable and loyal customers.
The Sinhala and Tamil new year heralds a season of joy, happiness and prosperity uniting families and friends to celebrate the age old traditions and rituals which have been a part of the country’s culture for generations. The Aluth Avurudha is a special time for financial renewal and strengthening signified by the tradition of “Ganu Denu”, the first financial transaction of the season. It’s that special designated time of the year to gear up for the new dawning ushering in prosperity and abundance. Managing wealth and saving for the future is that secure step towards prosperity, ensuring financial security for you and your family.
“This is the time of the year where you thoughtfully reflect upon the bygones and make definite decisions for your future success. Taking that positive step in the right direction, everyone aspires to be able to make the Avurudu season a memorable one for their family and themselves,” commented Ms. Vindhya Jayasekera, Vice President of NDB Wealth.
“Being able to indulge in all the festive celebrations, the gift buying, the caring and sharing with a new – found peace of mind is a dream come true for all of us. Financial security and prosperity have become a very integral part of life’s new journey. It’s imperative to be prepared to face the changes and challenges of the future,” Jayasekera elaborated further.
NDB Wealth offers well designed wealth plans that will help you prepare for your future by allowing you to benefit and maximise on your returns. The Money Plus Fund is an ideal wealth plan for new beginnings. It is a rewarding investment account which allows you to enjoy your monthly interest or even capital withdrawals – whenever the occasion calls. Money Plus will especially help you to plan ahead for future celebrations and festivities such as Avurudu as it works like a savings account. Currently, the Money Plus fund yields 5.50% per annum as at 25th March, 2021. With the income being credited daily, NDB Wealth Money Plus is proving to be the ideal account for busy individuals who have limited time to keep track of their ongoing finances.
It’s time you celebrate wisely and well. Visit www.ndbwealth.com or call on 0719 788 788 and speak to one of the relationship managers to enjoy a wealth of joy this season and in the seasons to follow. You can also visit their website to explore other investment opportunities, or even connect with NDB Wealth’s exemplary team of financial planners who can help you and your family to achieve full financial independence, with all the benefits entailed therein.
NDB Wealth is fully owned subsidiary of the NDB Bank, one of the fastest growing financial services conglomerates in Sri Lanka, with the strategic mission to be the leader in the financial services sector. From its inception, the group which includes NDB Bank, NDB Investment Banking, NDB Wealth, NDB Securities, and NDB Capital has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy. The customers across all NDB Group companies have benefited from the extensive product and service offerings of the NDB Bank and its affiliates.
*Current yield is variable and subject to change. Past performance is not indicative of future performance. Investors are advised to read and understand the contents of the Exploratory Memorandum before investing. Among others, investors should consider the fees and charges involved
Share investors worried over Wealth and Heritage tax
By Hiran H Senewiratne
CSE trading kicked off on a positive note yesterday but the momentum could not be sustained for long owing to investor worries that the government is planning domestic debt restructuring involving the imposition of a wealth and heritage tax on citizens, market sources said.
Amid those developments both indices moved downwards. The All -Share Price Index went down by 131 points and S and P SL-20 declined by 46.8 points. Turnover stood at Rs 3.4 billion with four crossings. Those crossings were reported in Agalawattte Plantations, which crossed 45.3 million shares to the tune of Rs 1.5 billion, its shares traded at Rs 35, CTC 420,000 shares crossed for Rs 269 million and its shares traded at Rs 640, Cargills 100,000 shares crossed to the tune of Rs 24.5 million; its shares traded at Rs 245 and Hayleys 300,000 shares crossed for Rs 24 million; its shares traded at Rs 80.
In the retail market top seven companies that mainly contributed to the turnover were, SLT Rs 234 million (two million shares traded), Hayleys RS 121 million (1.5 million shares traded), Lanka IOC Rs 106 million (115,000 shares traded), Softlogic Capital Rs 69 million (5.6 million shares traded), CTC Rs 65.3 million (101,000 shares traded), Sampath Bank RS 54.7 million (one million shares traded) and Commercial Bank RS 52.5 million (801,000 shares traded).During the day 164 million share volumes changed hands in 20000 transactions.
Brandix ‘RightToRead’ initiative gains momentum enriching Sri Lanka students and transforming learning
Inspired by the challenge to provide Sri Lankan children with better access to learning materials and the transformative power to read and comprehend English, Brandix launched the ‘RightToRead’ project in 2018 in collaboration with the Ministry of Education.
Accordingly, Brandix introduced the ‘ReadToMe’ English learning tool, created by English Helper – India, to improve reading and comprehension skills of Sri Lankan students. Last Monday, Julie Chung, the US Ambassador to Sri Lanka, visited Susamayawardhana Vidyalaya in Borella, to observe progress of the project and experience how children and educators in Sri Lanka engage with educational technology.
Brandix Lanka Limited, Director, Ajit Johnpillai, said: “Education is the most powerful tool to enrich communities and futures, and Brandix is committed to build a strong foundation for transformational learning for students across Sri Lanka. The progress we have made with RiteToRead over the past two years is promising, and the potential for change in the education sector harnessing such digital technologies is immeasurable. Brandix will continue its commitment to deliver Inspired Solutions for the people of Sri Lanka.”
Dialog TV Boosts Resilience and Capacity with Norsat Satellite Earth Station
Hytera, a leading global provider of professional communications technologies and solutions, is proud to announce the successful deployment of a new backup satellite station for Dialog TV, Sri Lanka’s No.1 satellite Pay TV service provider. The project was fulfilled in 2022 by Hytera and its subsidiary specialized in Satellite Communications (SatCom), Norsat International Inc. The new station enhances the resilience and capacity of Dialog TV’s existing system and ensures continuity of service in the event of damage due to natural disasters.
Dialog TV provides coverage over the entirety of Sri Lanka through the Intelsat 38 Ku-band satellite. As the business expanded, it opted for a backup solution to support its existing satellite station and to strengthen the network’s disaster tolerance.
Hytera and Norsat provided an end-to-end satellite earth station solution that includes the installation, integration, and setup of satellite antennas, a transmission and receiving system, a new network management system (NMS), and a carrier monitoring system (CMS). The NMS makes routine work easier and simpler for on-duty staff, as equipment status, parameter monitoring and configuration, and remote control of the devices can be viewed and accomplished via a single interface. The CMS monitors the carrier spectrum status of satellite signals in real-time and ensures stable signal transmission and receiving.
“We are excited to have been able to work with Dialog TV on this important project,” said Kevin Sun, Sales Director for Hytera South Asia, “Our ability to seamlessly integrate our new equipment and software with Dialog TV’s existing systems has helped to ensure a stable and reliable service for their millions of customers across Sri Lanka.”
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