The Republic of Korea donated COVID-19 test kits to Sri Lanka to mark the 43rd Anniversary of the establishment of formal diplomatic relations between the Republic of Korea and Sri Lanka.
This event was held at the Foreign Ministry in Colombo on December 8, organised by the Foreign Ministry of Sri Lanka in collaboration with the embassy of the Republic of Korea in Colombo. The ceremony was attended by the Foreign Minister Dinesh Gunawardena, State Minister of Regional Cooperation Tharaka Balasuriya, Foreign Secretary Admiral Prof. Jayanath Colombage and ambassador of the Republic of Korea, Santhush Woonjin JEONG.
Delivering the welcoming remarks, Rohana Ambagolla, Director General of East Asia, stated that the donation of PCR test kits reflects the unwavering commitment of the Republic of Korea to take our bilateral relations to new heights. He emphasised that Korea is a key partner to Sri Lanka especially in the economic sphere and recognised the immense contribution of ambassador Santhush Woonjin JEONG for the betterment of the communities in Sri Lanka.
The government of the Republic of Korea donated COVID-19 diagnostic kits amounting to the sum of USD 300,000 to contain and control COVID-19. The government of the Republic of Korea deployed these test kits as a gesture of diplomatic goodwill to deter the spread of COVID-19 here in Sri Lanka. The PCR testing kits were officially handed over by ambassador Santhush Woonjin JEONG to the Foreign Minister at the ceremony.
Foreign Minister Dinesh Gunewardena expressed his pleasure to host this event in the Foreign Ministry to mark the 43rd anniversary of the diplomatic relations between the Republic of Korea and Sri Lanka.
He also reflected on the bedrock of cultural and traditional links upon which the two countries have developed a deep mutual understanding, trust and cordial friendship today. He stated that Korea is one of the leading economic partners of Sri Lanka and KOICA has immensely contributed in the socioeconomic development in key sectors of Sri Lanka.
The Foreign Minister thanked Korea for donating PCR test kits to Sri Lanka to fight the COVID-19 pandemic.”This gesture of goodwill will be undoubtedly remembered and valued by the people of Sri Lanka”. He added that, “Korea and Sri Lanka have shared deep rooted and friendly relations over the decades, and I hope that Korea will walk with us closely in this challenging but rewarding journey of nation-building in Sri Lanka”. He also commended Korea’s efficient mechanism to contain the spread of COVID-19.
Ambassador of the Republic of Korea to Sri Lanka, Excellency Santhush Woonjin JEONG stated that since his arrival in Sri Lanka last July, many aspects of the country have brought him happiness. He expressed his happiness in the excellent diplomatic ties between the two countries.
He noted that a new era has dawned upon Sri Lanka and South Korea can assist Sri Lanka to revitalise its economy and realise the vision of vistas of prosperity and splendour. “I have observed the positive development since I arrived here in Sri Lanka. I can say that it is the right time for Sri Lanka to change and take a leap to a higher level. I believe that Korea is the very country that can help Sri Lanka achieve the vistas of prosperity and splendour. Korea and Sri Lanka share a lot of similarities in history. Korea and Sri Lanka survived, overcame all difficulties and developed ourselves.”
He also expressed his thankfulness to the anti-COVID taskforce,” I acknowledge with gratitude the contribution and courageous measures taken by the authorities in Sri Lanka that have enabled to curtail the spread of COVID-19 in the island”. The Ambassador assured to extend the fullest support to the government of Sri Lanka especially in coordinating the response to the COVID-19 pandemic and assist in issues related to economic recovery. He mentioned that the unwavering cooperation in these tough times is symbolic of the true friendship between our two countries.
Under the “Stay Strong” campaign, Korea and Sri Lanka have been strengthening Anti-Covid collaboration with each other. The Korean Embassy in Sri Lanka has shown its thankfulness by donating re-usable fabric masks to the Sri Lanka Army and Police who have dedicated themselves to protecting people in Sri Lanka including Korean residents amid COVID-19. The Ambassador expressed his commitment to strengthen the public health cooperation in the following year as well. He stated that “Korea and Sri Lanka have been true friends to each other and I would really like to carry happiness (Santhush) to Sri Lanka”.
HNB promotes cashless transactions; joins CBSL’s ‘Rata Purama LANKAQR’ campaign
Chief Guest for the event Money and Capital Markets and State Enterprise Reforms State Minister Ajith Nivard Cabraal, CBSL Deputy Governor and National Payments Council chairperson Yvette Fernando, and CBSL Payments and Settlements Director D. Kumaratunge with HNB Executive Director and Chief Operating Officer Dilshan Rodrigo as he completes a transaction via HNB SOLO at a merchant stall
HNB PLC, partnered with the Central Bank of Sri Lanka to promote the Colombo-leg of ‘Rata Purama LANKA QR’ campaign at Diyatha Uyana, to raise awareness and encourage the public towards cashless payments.
Having already linked LANKA QR to its digital payment app HNB SOLO, the bank was among other financial institutions and telecommunication partners in joining efforts to make cashless QR-code based payments the standard for mobile phones and digital payments countrywide, in moving towards a cashless and digitally-savvy Sri Lanka.
“We are entering a new era of financial technology, where almost all of our daily transactions will require no physical banknotes, but just a smartphone and internet connection with our bank account integrated to a digital payment app.
The Central Bank’s national directive for banks and financial institutions to adopt and integrate LANKA QR into their existing digital payment solutions has prompted an aggressive onboarding of merchants to the new payment solution across the country. With our extensive customer base, SOLO is no doubt a significant contributor to this innovative initiative,” HNB Deputy General Manager – Retail and SME Banking, Sanjay Wijemanne said.
The Colombo-leg of the ‘Rata Purama LANKA QR’ campaign raised awareness regarding SOLO’s many facilities, including zero human interaction, efficiency, and eliminated risks that influenced many vendors to come on board.
Bank of Ceylon empowering nation with Lanka Q
The Bank of Ceylon in its mission to assist the government initiative to empower Sri Lanka through digital technology is joining the customer awareness campaign of Central Bank of Sri Lanka’s Lanka QR digital platform.
Bank of Ceylon had its most recent major awareness programs in Borella and Maharagama along with the other branches in Colombo District in line with the Central Bank’s main program held in “Diyatha Uyana” with the participation of all Lanka QR certified banks on the same day.
Central Bank of Sri Lanka (CBSL) has organized a series of awareness and promotion campaigns for popularizing Lanka QR with the participation of all Lanka QR certified financial institutions throughout the country with the aim of speeding up the customer adaptation process towards digital banking.
Sri Lanka Insurance posts a staggering revenue of Rs. 55.2 billion during 2020
Amidst the turbulent and challenging year Sri Lanka Insurance has closed year 2020 on a positive note recording phenomenal revenue growth with exceptional service innovations.
Sri Lanka Insurance the premier insurer to the nation recorded stellar performance in 2020 to record Rs. 55.2 billion revenue for the year, a marked improvement on the Rs.48.6 billion in the year 2019, a press release said.
It adds – In the year of 2020 Sri Lanka Insurance reported 30 % growth in life insurance premium increasing to Rs.19.2 billion whilst general insurance reported 7% growth in premium grew to Rs. 20.1 billion. The company achieved a combined Gross Written Premium (GWP) growth rate of 17 % during the year. General insurance contributed 51% towards the total GWP whilst Life Insurance contributed 49 %.
‘In continuing with its tradition of leadership, Sri Lanka Insurance in 2020 surpassed its own record to declare a sum of Rs.8.2 billion as bonus to policyholders. The cumulative life insurance bonus paid out during the past 10 years tops a massive Rs.54 billion making the SLIC bonus payout unmatchable.
‘As the national insurer we have witnessed yet another challenging year and the consequences brought out by pandemic outbreak urged us to conduct our business operations in a more empathetic manner. SLIC has always taken the lead to protect the nation and during this difficult time Sri Lanka Insurance launched many initiatives to sustain country’s health defenses while ensuring our customers receive uninterrupted insurance service.
‘As the pioneering insurance company in Sri Lanka we are in the forefront to inculcate the importance of insurance to the masses as a national responsibility on our shoulders. We will further strengthen internal capabilities to serve the nation through innovative and affordable insurance solutions which cater to all Sri Lankans under the ‘Insurance for All” concept. Even though the times are defining we will continue protecting our nation turning obstacles into opportunities.’ noted .Jagath Wellawatta, chairman of SLIC.
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