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Oppo launches F19 Pro in Sri Lanka



Global leader in innovative mobile devices and accessories, OPPO, launched their most sophisticated F Series device to date, F19 Pro, on March 15. The mobile phone features a plethora of innovative enhancements, including unparalleled videography capabilities to cater to content creators looking for a powerful tool to tell compelling stories.

The launch themed ‘F19 PRO STYLISH LAUNCH NIGHT’ was hosted virtually via OPPO Sri Lanka’s official social media channels. The event was a resounding success with an overwhelming participation from thousands of fans and well-wishers from all over Sri Lankan tuning in.

Brand Ambassador for OPPO, TheVoice coach and award-winning vocalist, Umaria Sinhawamsa and a host of other celebrities and online personalities including dance choreographer Ramod Malaka, athlete/fitness model Zuri&singer/actor Gayan Gunawardena also participated in the launch event.

The new revolutionary mobile phone features 48MP quad cameras, a 48MP main camera, 8MP ultra wide-angle camera, 2MP macro camera and 2MP mono camera to deliver an exceptional output both for pictures as well as videos. The arrangement facilitates better color-depth as well as better clarity allowing users to stay ahead of the game. The phone also features a 32MP front-cam for Instagram-ready selfies.

AI Color Portrait Video and Monochrome features enable content creators to use creativity & imagination. The former works by recognizing the person in the video and enhancing the subject while in the monochrome feature a single RGB color is enhanced adding a splash of drama to the footage. The phone also has Dual-View Video enabling capture of videos from the front and rear cameras simultaneously; a feature incorporated especially with streamers in mind, giving optimum coverage in the event of covering a concert, rally or any context that calls for recording footage from more than one perspective.

The phone has AI Beautification 2.0, AI scene enhancement and other features for capturing flawless and professional-grade photographs. F19 Pro is a sturdy phone that does not compromising on style; it comes in two colors Fantastic Purple & Fluid Black and incorporates the Flowing Light Design concept which projects a gentler and warmer exterior.

F19 Pro features a larger 4310mAh battery &30W VOOC Flash Charge 4.0 technology. This offers ample battery life and 16 hours of online video playback on a single charge which makes F19 Pro the ideal choice for the millennial on the go. The battery also comes with all-day power saving, Super power Saving Mode, Super Nighttime Standby & a Battery Guard to protect from hazards due to overcharging.

The device has a MediaTeckHelio P95 Octa-core Processor and runs on 2ARM Cortex A-75 Prime Cores that operate at up to 2.2 GHz. This means F19 Pro offering faster app startup time, more responsive on-screen touches and less lag which makes the device a gamer’s best friend.

Smooth graphics, optimized network latency, Real HD sounds, Cooling System, Game Focus Mode, Quick Startup & Bullet Screen Message that facilitate work-play balance are other features that contribute to making the F19 Pro the ultimate choice of gamers.

The F19 Pro runs on ColorOS11 which is designed for enhanced productivity in keeping with the overarching theme of facilitating the work-life balance for the fun-loving, thrill-seeking millennial.

About the launch, CEO of OPPO Sri Lanka Bob Li said: “We are thrilled to unveil the all new F19 Pro in the Sri Lankan market. We are confident that this will be a hit among the younger generation especially seeking for creative ways to express themselves. We are also delighted to have UmariaSinhawamsa on board as our brand ambassador; not only is she a well-loved personality, she embodies the OPPO F19 Pro with her uniqueness & unparalleled versatility as an artist.”



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Cabinet approves rationalization of VAT exemptions and abolition of SVAT System




The Cabinet of Ministers granted concurrence to the resolution forwarded by the Minister of Finance, Economic Stabilization and National Policies to remove most of the releases from Value Added Tax (VAT), further retaining releases that ease the pressure on low – income families to secure the fundamental sectors of the economy as well as the releases for sectors such as education, health and agriculture, as well as to revise the provisions applicable for the Value Added Tax (VAT) act so that the Simplified Value Added Tax (SVAT) methodology can be canceled with effect from 01.01.2024 by introducing a more formal methodology for repaying the Value Added Tax (VAT) and to instruct the Legal Draftsman to prepare a draft bill for the purpose.

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Venora Lanka Power Panels to set up assembly plant in Australia



Sagara Gunawardene

By Hiran H.Senewiratne

Sri Lanka- based, export- oriented manufacturer, Venora Lanka Power Panels (Pvt) Ltd, with a state of the art electric panel factory at the Export Processing Zone, Biyagama, will set up an assembly plant in Australia.

“Once we set up the electric panel assembly plant in Australia, we will export all our panels from Sri Lanka and that plant will do 30 percent value addition to the product to supply that market, the company’s chairman/ Managing Director, engineer Sagara Gunawardena told The Island Financial Review.

Gunawardena said that the company is a value- addition assembly plant and he would be investing AUS $ 2 million for the project to be set up in Melbourne and hire 100 engineers and other professionals. He explained that the venture has enormous potential.

Venora Lanka provides power panels to mega projects in Sri Lanka and exports to Bangladesh, Maldives, Kenya, Ethiopia, Seychelles and Myanmar. Panel assembling is strictly in compliance with IEC 61439 standards, it was explained.

Gunawardena added: ‘I firmly believe that, being a truly customer focused organization, every employee and every process in the organization has to be aligned behind delighting customers. Therefore, at a time when the country is facing a major dollar crisis, my company would be aiming at bringing dollars into the country, while providing employment for local professionals, especially engineers.

‘At Venora Lanka we do not try to change customers’ mindsets. Instead, we take time to understand what they really want and focus our brand on delivering that. Venora is values- driven first and cost- driven second – creating a unique brand proposition.

‘Since the US dollar rate has come down, it is our concern that importers and suppliers do not change their prices, which is really affecting the manufacturing sector.

Company sources added: ‘The company has several wings of operation, such as local and overseas projects, switch board assembling, telecommunication infrastructure installations, earthing, lighting and surge protection, incorporating world renowned brands.

‘Venora Lanka Power Panels is the first Sri Lankan company to receive the licence, in accordance with the UK Trade Mark Act 1994, to use the trade mark “Best Enterprise”. It won a global award at the event, ‘Golden Awards for Quality and Business Prestige’, held in Geneva, Switzerland, in 2015.

‘Within a short span of time, with the perfect blend of progressive thinking and expertise, Venora Group has expanded to consist of, Venora International Projects, Venora Telecom, Venora Industrial Solutions and Venora Lanka Power Panels (BOI approved). Further, Venora has established its overseas presence through Venora Engineering Kenya and Venora Engineering Myanmar.’

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Share market moves into positive territory; indices up



By Hiran H. Senewiratne

CSE trading got off to a positive note yesterday but during the last session of the day the momentum slowed. However, the market is now moving towards positive territory following the Central Bank announcement of a downward trend in interest rates, market analysts said.

Amid those developments the market witnesses improvements in both indices and in the turnover.

The All- Share Price Index up by 12.8 points and S and P SL 20 rose by 6.97 points. Turnover stood at Rs 710 million with one crossing. The crossing was reported in JKH which crossed 430,000 shares to the tune of Rs 60.2 million; its shares traded at Rs 140.

In the retail market top seven companies that mainly contributed to the turnover were; JKH Rs 212 million (1.5 million shares traded), Access Engineering Rs 44.7 million ( three million shares traded), Lanka IOC Rs 34.5 million (264,000 shares traded), Browns Investments Rs 28.6 million (5.3 million shares traded), LOLC Finance Rs 23.8 million (4.7 million shares traded), Capital Alliance Rs 22.9 million (615,000 shares traded) and First Capital Holdings Rs 19.2 million (574,000 shares traded). During the day the 31.4 million shares volumes changed hands in 9000 transactions.

Yesterday, the Central Bank’s US dollar buying rate was Rs 285.16 and the selling rate Rs 298.85.

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