Connect with us

Business

Pathfinder- Centennial launched to provide strategic advisory services to foreign and local investors

Published

on

The MMBL-Pathfinder Group and the Washington DC based Centennial Group Holdings LLC., have launched a joint venture company for providing strategic advisory and project management services to policymakers as well as prospective foreign and local investors, with a view to attracting foreign investment and establishing new business ventures in the island.

The Agreement was signed on December 22nd, 2020 on a virtual platform in the presence of signatories from both sides. The Board of Pathfinder-Centennial will comprise of Harinder Kohli, President & CEO of Centennial Group International and Director and Chief Executive of Emerging Markets Forum (a nonprofit arm), both based in Washington D.C., who held several senior positions at the World Bank; Dr. Rajat Nag, former Managing Director General of the Asian Development Bank and Distinguished Fellow of National Council of Applied Economic Research, Delhi and Emerging Markets Forum, Washington DC (2006-2013) and Mohamed V. Muhsin, Strategic Management Consultant, Corporate Director and former Vice President & CIO of the World Bank. Board members representing MMBL-Pathfinder Group will be former Ambassador and Chairman of the Pathfinder Foundation Bernard Goonetilleke; K. Balasundaram, CEO of MMBL-Pathfinder Group and senior corporate executive and Dr. Indrajit Coomaraswamy, former Governor of the Central Bank of Sri Lanka.Bernard Goonetilleke will function as Chairman, while Mohamed V. Muhsin will be the Managing Director/ CEO of the joint venture company, Pathfinder-Centennial (Pvt.) Ltd.Centennial Group International. headquartered in Washington DC, is a strategic and policy advisory firm with branches and operations globally.

Centennial partners with local ‘Think Tanks’, Universities, executive training institutions and other counterparts. It provides advice across economic sectors in the public and private sectors, state owned enterprises and small and medium enterprises. Economic transformation is a major focus of Centennial, including reorganization and transformation of enterprises, implementation of program and projects, monitoring and evaluation, advising on mergers and acqusitions and leveraging digital opportunities. Centennial works with sovereign and non-sovereign clients as well as with a full range of multilateral and bilateral development institutions. The Group has the benefit of a unique blend of senior staff, having experience in high-level policy and strategy formulation and implementation by serving in senior most positions in multilateral institutions including UN agencies, the World Bank, Asian Development Bank, the IMF, IFAD, AfDB and the Islamic Development Bank.

It has released a number of major publications through its non-profit arm, the Emerging Markets Forum.MMBL-Pathfinder Group has been engaged in investing and promoting investments by local and foreign investors for a considerable period of time. The ‘Pathfinder Foundation’, which is a non-profit organization established by the Group, has been active since 2003 in multifaceted fields such as economic reform, security and strategic studies etc. by conducting public seminars, workshops, conferences etc. for the local and international audience.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Sampath Bank continues to partner Central Bank on promoting QR payments

Published

on

 

Sampath Bank PLC joined hands with the Central Bank of Sri Lanka (CBSL) yet again to raise awareness and increase acceptance and usage of LANKAQR, the common Quick Response (QR) code standard for the country that was introduced in 2020.

Encouraging consumers to adopt LANKAQR for their day to day transactions, Sampath Bank held a 2-day promotional drive at one of Colombo’s latest outdoor dining destinations, Dining Capsule at Baladaksha Mawatha, near Galle Face Green on the 23rd and 24th of January.

Dharmasri Kumaratunga, Director – Payments and Settlements, Central Bank of Sri Lanka; Nanda Fernando, Managing Director, Sampath Bank PLC; and Tharaka Ranwala, Head of Operations and Group Chief Marketing Officer, Sampath Bank PLC, took part in the ceremonial launch of this initiative together with other senior representatives.

The Bank offered 25% cash back on payments made with the LANKAQR-enabled Sampath WePay digital payments mobile application at Dunhinda Colombo, Roots, Grand Monarch, Street Wok, Lavinia, Spice Junction, Giovanni’s Pizza al Taglio and BoxBar outlets at the Dining Capsule during this period.

“Offering greater convenience and security, technology continues to transform the way we conduct our day to day transactions. This is becoming increasingly true in Sri Lanka too, where consumers and businesses are actively adopting digital payments,” said Nanda Fernando, Managing Director, Sampath Bank PLC. “At Sampath Bank we have always focused on leveraging emerging technologies and delivering market relevant solutions that add value to our customers around the island. In line with this, we are delighted to partner with the Central Bank of Sri Lanka on driving the acceptance and usage of LANKAQR.”

“Across Sri Lanka, a growing number of merchants and consumers are getting on board the LANKAQR ecosystem and beginning to appreciate the value offered by QR based payments. We are witnessing this phenomenon with Sampath WePay, the secure, one stop digital wallet from Sampath Bank that allows users to store all types of financial instruments from any bank and carry out a wide range of real-time online transactions.

Continue Reading

Business

Taking cashless transactions across the country

Published

on

 

The Central Bank of Sri Lanka in coordination with leading financial institutions and telcos in the country set in motion the ‘Rata Purama LANKAQR’ promotional campaign with a monumental event on January, 23. The ‘Rata Purama LANKAQR’ initiative represents the second phase of an island-wide campaign commenced late last year to introduce LANKAQR as the standard for mobile phone and digital payments countrywide, in moving towards a cashless and digitally-savvy society plus greater financial inclusion across Sri Lanka.

Held at Diyatha Uyana, Battaramulla, the event was graced by the Chief Guest, Ajith Nivard Cabraal, State Minister of Money & Capital Market and State Enterprise Reforms, Ms. Yvette Fernando, Deputy Governor CBSL and the chairperson of the National Payments Council, D. Kumaratunge, Director Payments and Settlements – CBSL, and Thilak Piyadigama, chairman – CBSL appointed LANKAQR Committee/CEO SDB bank, among other distinguished guests.

The Colombo-leg of the LANKAQR national campaign, drawing on the participation of numerous high-profile guests plus the island’s top banks and financial institutions, aimed to advance the program’s overall vision of promoting digital transactions as the new norm and included city-wide promotions, covering major commercial locations in and around the city.

Developed by the Central Bank of Sri Lanka, LANKAQR is a common Quick Response (QR) code standard, and its adoption by most major financial institutions in Sri Lanka is a progressive step on the path to Sri Lankans fully embracing a future that is inevitably digital, gradually leading to an entirely cashless mode of transaction.

The LANKAQR system will allow banks, financial institutions and telcos, through their digital payment apps and platforms, to facilitate fast, secure and low cost digital payments to any merchant or service provider. LANKAQR provides customers with a mechanism for payment for all their needs ranging from groceries, healthcare to utilities, and even the purchase of goods from street-side vendors, directly from their bank account through the use of any LANKAQR-compliant mobile payment app.

Continue Reading

Business

SLT-MOBITEL gives ‘Power to Your Dreams’ with special connectivity offers

Published

on

SLT-MOBITEL is all set to launch the ‘Power to Your Dreams – සිහිනයට සවියක්’ campaign to provide the latest connectivity solutions to microbusinesses on the of January, 25 the company announced recently. This program will provide ICT solutions packages encompassing products and services essential for microbusinesses, at maximum affordability.

Understanding the connectivity needs of the microbusiness segment, the promotion provides them solutions that fulfil their requirements. Accordingly, communication, business networking, cloud technology, entertainment & IoT, communications devices and business infrastructure services for various market segments within the microbusiness ecosystem is provided utilising SLT-MOBITEL products and services such as voice & mobile telephony, 4G LTE, SLT Broadband, SLT Fibre and Peo TV services.

Speaking on the planned promotion, Sanjeewa Jayamaha, General Manager – SME Business Development, Sri Lanka Telecom stated, “Microbusinesses are the bedrock of Sri Lanka’s economic activity, supporting day to day transactions for millions of people. It is vitally important that they receive the full benefit of the connectivity solutions offered by the national ICT solutions provider, Sri Lankan Telecom. The brand unification of SLT-MOBITEL means now we can offer a full bouquet of products and services to our clients. This promotion will ensure that microbusinesses from various segments can now access the connectivity solutions most important for their businesses to thrive.”

Microbusinesses operating in entertainment and leisure, fashion and beauty, daily essentials, medical and health care, education, special occasion services, financial services, e-commerce and software development, professional services, construction support and transportation and delivery services will be able to benefit from bespoke packages crafted by SLT-MOBITEL with their specific industry needs taken into consideration.

 

Continue Reading

Trending