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People’s Bank and UGC tie-up to provide laptop loans to undergraduates

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People’s Bank has entered into a partnership with University Grant Commission (UGC) Sri Lanka to provide loan facilities to undergraduates of all universities in the country with easy repayment plans. This special loan scheme has been introduced to fulfill a promise given by President Gotabaya Rajapaksa in his election manifesto “Saubagye Dekma” to empower all university undergraduates with the latest technology.

A Memorandum of Understanding (MoU) announcing the partnership was exchanged by Sujeewa Rajapakse – chairman of People’s Bank and Senior Professor Sampath Amaratunge – chairman of University Grants Commission (UGC) at the People’s Bank Head Office on July 29. Ranjith Kodituwakku – Chief Executive Officer / General Manager of People’s Bank, Dr. Priyantha Premakumara – Secretary of UGC, Ubayakula Ranaweera – Head of Finance/Accountant of UGC together with K.B. Rajapakse – Senior Deputy General Manager-Retail Banking, G.P. Renuka Jayasinghe – Deputy General Manager-Process Management, Quality Assurance and Retail Banking and Lionel Galagedara – Deputy General Manager-Channel Management, all from People’s Bank, were present on the occasion.

With this historical partnership, all Sri Lankan undergraduates will benefit through a concessionary loan scheme to purchase laptop computers which suit their respective education areas. The loan facilities will be granted to purchase laptops with specifications that are pre-approved by the University Grants Commission at a more concessionary interest rate with easy repayment plans. The undergraduates are privileged to pay only the interest portion during the university course period while repayment of the loan capital will commence after they have graduated from their respective university.

Expressing his opinion on the partnership, Sujeewa Rajapakse – Chairman of People’s Bank stated, “We are pleased to introduce this special loan scheme for undergraduates of all universities in the country. We are confident that these laptops will assist them to carry out their studies while providing them access to global knowledge which will allow them to be always updated in their respective field.”

Senior Professor Sampath Amaratunge – Chairman of University Grants Commission (UGC) stated, “Today, we marked another milestone in our university system in the country, I hope this strong bond with the largest bank with such a widespread branch network in the country will provide all the undergraduates with a great opportunity to complete their degrees while creating financial discipline in their life.”

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Business

New Administration building at Horana EPZ opened

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The BOI’s Horana Export Processing Zone ceremonially opened its 46 million-rupee new administrative building recently with BOI DG Sanjaya Mohottala as chief guest. The event was attended by a large number of investors, government officials and the senior BOI officials, the BOI announced.

Mohottala said on this occasion that “our biggest challenge is to maintain the GDP rate at 6% for the next 10 years with the BOI charged with the responsibility of uplifting the economy and attracting Foreign Direct Investment.

“We need to provide necessary infrastructure facilities and a healthy investment climate with a more proactive rather than reactive role,” he said.

He announced that steps are being taken to develop thrust sectors for investment such as pharmaceuticals, agricultural processing, ICT, aquaculture and rubber etc. Also the BOI was responsible for providing investors with an efficient service.

Horana Export processing Zone was established in 1999 on 390 acres of which 181 acres is industrial land. The infrastructure provided include water, processing of waste water and electricity, making the zome attractive to investors.

Zone companies have generated 3,375 direct employment opportunities and twice that number of indirect jobs with total export revenue of Rs 8.6 billion earned in 2019.

There are 21 enterprises in commercial operation at the Horana EPZ involved in the manufacture of apparel & accessories, food, wooden products, consumer goods, steel, aluminum and plastic products.

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GPV Lanka awarded SLS 1672: 2020 COVID-19 Safety Management System

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GPV Lanka (Pvt) Ltd., recently received the Certificate of Conformity – SLS 1672:2020 COVID -19 Safety Management System from the Sri Lanka Standards Institution (SLSI).

This confirms the company’s unparalleled commitment towards ensuring health and safety measures among its workforce and all stakeholders engaged in its day-to-day operations.

Preparations to face the pandemic’s consequences within a short time is a noteworthy aspect of the organisation. Furthermore, this qualification will support to keep production geared up to serve overseas customers with minimum hindrance.

GPV Lanka (Pvt) Ltd., has become the first Sri Lankan Company into electronics manufacturing to receive this certification. GPV was founded in Denmark in 1961 and is today one of Europe’s leading electronics manufacturers. GPV is a global EMS-partner providing complex electronics, cable-harness, mechatronics and box-build solutions including design and engineering activities to customers worldwide within high mix/low-medium volume.

GPV generates a revenue at about USD 460 million with around 3,700 employees and has production sites across Europe, Asia and the Americas.

GPV Lanka (Pvt.) Ltd has been in the industry in Sri Lanka for more than 30 years and today it has 1,022 employees including 45 electronic engineers with a state-of-the-art manufacturing facility.

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Lankan company offers Chinese language services

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In a global climate where China has established its standing as the second largest and fastest growing economy in the world, the extent of the country’s scale and integration has meant that proficiency in Chinese has become a coveted asset.

Hàny? Services -a Sri Lanka-based Chinese content creation, translation, and interpretation company- has launched with a wide portfolio of professional Chinese language services to fulfil the growing interest in investing in this highly lucrative market.

“The company, with its vast global network of qualified Chinese linguists, delivers translation service excellence for any industry, where content is produced such that the client’s brand message is effectively conveyed without the loss of style, tone or context. The language service provider’s scope of services in this regard include document and website translations, interpretation, proofreading, voice-over services, and video subtitling, the SL company said in a news release.

“Additionally, clients of Hàny? Services stand to gain a strong competitive advantage in their respective sectors by having tailor-made content created that will best target the Chinese market accurately, ensuring that every message communicated is localized persuasively.”

The company’s team of seasoned Mandarin translators and writers are experienced in Chinese content writing, creation of localized marketing collateral, website localization and translation, and video creation, helping businesses find their distinctive voice and share their brand story through exceptional content, the release said.

The service also offers greater insight into Chinese business culture and etiquette, a vital asset for those looking to do business with or in China. Here too, Hàny? Services offers training on Chinese business language and culture that will help earn clients’ trust through the ability to communicate and negotiate better; paving the way for more successful agreements and business deals, it added.

Recently the agency launched Sri Lanka’s first ‘Mandarin Corner’ -an interactive initiative to encourage Lankans from across the island to learn, practise, and network in Mandarin with native speakers, students, and others. communication overall, the release said.

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