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SampathCards puts forward the ‘Right Reasons for a Bright Season’

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Darshin Pathinayake, AGM

Giving their valued Credit and Debit cardholders the right reasons for a bright season, SampathCards has announced a series of wide-ranging discounts and benefits in line with the fast approaching festive season.

Together with their partner outlets islandwide, savings of up to 60% are on offer for cardholders to enjoy. Some of the categories include Retail & Fashion, Baby & Kids, Footwear, Gifts, Watches & Wellness, Books, Home Care, Jewellery, Supermarkets, Eyewear & Hearing Aids, Online ecommerce merchants, Dining, Electronics & Furniture, and easy settlement plans on Auto care, Education, Hospital and Insurance payments.

Adding to cardholders’ cheer during the holidays, SampathCards has stayed true to its promise of putting together real and meaningful offers, giving cardholders the opportunity to spend responsibly with the lowest cost Credit cards in the market today. These offers are a part of SampathCards’ year-round efforts to thank cardholders for being card-wise with Sampath Bank and rewarding them for the same.

“We’ve understood that the lifestyles and consumer habits of our customers are always evolving. With the festive season upon us, SampathCards has gone the extra mile to ensure that the offers we have planned reflect what our customers want to spend on,” said Darshin Pathinayake, AGM – Card Centre, Sampath Bank PLC. “SampathCards has always been the responsible choice and the value we are offering this year gives our cardholders the right reasons for a bright season. We invite all Sampath Credit and Debit cardholders to avail these offers discounts and enjoy the holidays with their loved ones.”

For those who are looking to upgrade their wardrobes for the coming year, discounts of up to 40% being offered by some of the most popular fashion and retail brands including House of Fashion, Chamathkara, Cotton Island, Kadapatha, FIG, Dilliganz, Jezza, Fashion Bug, Cool Planet, Beverly Street, Under Armour, Arienti, Mimosa, Nolimit, Glit, Double XL, Spring & Summer and many more.

Cardholders can also get the right footwear to complement their look thanks to the savings of up to 25% on offer at Helanka, DSI, DSI Premier, Bata and Genelle. Several other merchants who specialise in gifts and watches are onboard, with savings of up to 25% at Miniso, Wimaladarma Watches, Parfumerie, Luv Essence, Spa Ceylon, British Cosmetics, DLas International and Cosmetics.lk.

Parents can also enjoy savings of up to 20% when buying gifts and essentials for their kids at Arista, Baby Bear, Baby Mart, Velona and many more. Not forgetting the precious homes of cardholders, merchants such as Dankotuwa, Wayamba Trading, Celcius, Hunters, and Comfort World are offering discounts of up to 25%.

Cardholders looking to purchase jewellery for themselves or their loved ones, can avail themselves of savings of up to 60% as well as 0% interest extended settlement plans of up to 40 months at stores including Abdeen Jewellers, Alankara Jewellers, Chamathka Jewellers, Diamond Dreams, Mallika Hemachandra Jewellers, Raja Jewellers, Tiesh, and Vogue Jewellers.

Bookworms can avail themselves savings of up to 30% at Atlas.lk, Grantha.lk, Promateoworld.com and Samayawardhana Books. SampathCards is also looking to support cardholders with their electronics and furniture purchases during the holiday season with up to 24 months 0% interest instalment plans at Abans, Arpico Furniture, Browns, Ceylon Furniture, Dinapala, Don Carolis and Sons, Dialog, Damro, Eser Marketing International, Metropolitan Computers, urban.lk, Yamaha Music Centre & Mike Audio and many more.

SampathCards has not left out the essential purchases of cardholders, with up to 25% discounts on offer at Glomark, Arpico, Laugfs, Cargills, Keells and Cargills. Assisting them with vision and hearing related expenses, SampathCards is offering cardholders savings of up to 40% on offer at George Goonarathne, Techno Vision, Wickramarachchi Opticians, DS Jayasinghe, Eagle Vision and Eric Rajapaksha.

SampathCards has also ensured easy settlement plans for any educational payments, Hospital payments and Auto care payments. Automotive related payments at Pit & Drive, Micro Cars, Associated Motorways, DIMO AUTOLAB, United Motors, Access Motors, KIA Automobile, Stafford Motor Company and Toyota Lanka are eligible for conversion under this offer. This has been coupled with easy settlement plans at any local insurance company as well. All these payments can easily be converted into instalments by calling 011 2300 604.

Cardholders can also save up to 20% when hosting their family and friends at some of the country’s famed dining establishments including The Verandah and The Traveller’s Bar at Galle Face Hotel; Pranzo, Kobe, and Thuna Paha at Waters Edge. Additionally, Rare at Uga Residence, Chinese Lotus Restaurant & Pub, The Tuna & The Crab, Harpos Pizza, Granbell Hotel, Great Wall Restaurant, Allstar Sports Lounge, Botanik, Rooftop Bistro Tunnel Pub and several more. Special offers with PickMe & UberEats ensures that the Cardholders who wish to dine at home are not missed out.

The above discounts and many more are on offer from the 19th of November to the 31st of December 2022. Cardholders are encouraged to visit http://www.sampath.lk to view the complete list of offers or call 011 2300 604 for more information.



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People’s Bank celebrates 75 years of Independence by offering gifts to newborns

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People’s Bank celebrated Sri Lanka’s 75thNational Independence at a modest ceremony held at their Head Office which was followed by a series of island wide initiatives.People’s Bank’s ‘Birth of Freedom’ programme which commences on every Independence Day was carried out this year as well. Under this concept, People’s Bank gifts Rs.2,000/- worth of an ‘IsuruUdana’ Gift Certificate to every baby born between the 1st and 14th of February.

People’s Bank launched this programme in 2006 with the vision of instilling national pride and encouraging parents to plan for their children’s future. Parents can open an ‘Isuru Udana’ Children’s Savings Account at any People’s Bank Branch using the Gift Certificate.

Director of the Castle Street Maternity Hospital Dr. Ajith Danthanarayana, Director of De Soysa Hospital for Women in Borella Dr. Pradeep Wijesinghe, People’s Bank Senior Deputy General Manager (TB & OCS) Rohan Pathirage, Deputy General Manager (Retail Banking) Renuka Jayasinghe, Deputy General Manager (Strategic Planning, Performance Management & Research) Jayanthi Kurukulasooriya, Deputy General Manager (Risk Management) Roshini Wijerathna, Deputy General Manager (Banking Support Services) Nipunika Wijayaratne, Deputy General Manager (Channel Management) T.M.W Chandrakumara, Head of Marketing Nalaka Wijayawardana, Assistant General Manager (Retail Banking) Nalin Pathiranage, Assistant General Manager (Human Resources) Manjula Dissanayake, Colombo North Regional Manager S.L.M.A.S Samarathunga, Colombo South Regional Manager M.S Kanakka Hewage, Borella Branch Manager W.A.N Udayangani, Town Hall Branch Manager Tiral Pradeep, Deputy Director of De Soysa Hospital for Women in Borella, Dr. K.M Nihal, Administrative Officer of Castle Street Hospital for Women S.M.T.A.R. Bandara, Nursing officers along with hospital staff were also present at the event.In line with the above all People’s Bank branches across the country initiated ‘Nidahase Upatha’ activities island wide.

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Norlanka Manufacturing Trincomalee receives LEED Gold Certification

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Norlanka Manufacturing Trincomalee was recently awarded the prestigious LEED Gold Certification (Leadership in Energy and Environmental Design).Norlanka, one of Sri Lanka’s largest sustainable exporters of baby and kidswear, has an extensive ESG (Environmental/Social/Governance) strategy and understands the responsibility it has concerning the future of a sustainable apparel industry. Therefore, ethical sourcing, in particular working with responsible supply chain partners has been a critical operational necessity.

The LEED certification is a globally recognized symbol of sustainability achievement, and it is backed by an entire industry of committed organizations and individuals paving the way for market transformation. It’s awarded for projects that have earned points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Buildings consume energy and resources at an alarming rate, therefore the LEED rating system is the most widely used green building rating system, as it provides a framework for healthy, efficient, carbon and cost-saving green buildings.

LEED takes multiple areas into account with varying sub-criteria when certifying a building such as location, transportation, sustainability of the site, construction, water efficiency, energy and atmosphere, materials and resource, waste management, indoor environment quality, innovations and more.

Chief Innovation Officer of Norlanka, Buddhi Paranamana stated, “This LEED Gold certification is a testament to our constant drive to improve our sustainability efforts. This award marks yet another milestone in Norlanka’s journey towards becoming carbon neutral by 2025. Since 2010 we’ve constantly been learning how to do things in a more sustainable way. I would like to congratulate our team for obtaining this certification. It showcases dedication towards achieving sustainable excellence while achieving our goals and providing customers with high-quality products.”

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SL bondholders ready for debt restructuring talks with authorities– with conditions

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Sri Lanka’s bondholders have told the International Monetary Fund (IMF) that they are prepared to engage with Sri Lankan authorities in debt restructuring talks consistent with the parameters of the global lender’s program.The Ad Hoc Group of Sri Lanka bondholders conveyed its stance in a letter directed to IMF Managing Director Kristalina Georgieva on Friday (Feb. 03).

“The Bondholder Group through its Steering Committee stands ready to engage quickly and effectively with the Sri Lankan authorities to design and implement restructuring terms that would help Sri Lanka restore debt sustainability and allow the country to re-gain access to the international capital markets during the IMF Programme period.”

The Bondholder Group acknowledged the Sri Lankan authorities’ engagement with their official creditors towards a resolution of the current crisis and restoration of debt sustainability.

The Bondholder Group further acknowledged that such engagement has recently resulted in the Indian government delivering letters of financing assurances to the IMF, committing to support Sri Lanka and contribute to its efforts to restore debt sustainability by providing debt relief and financing consistent with the IMF Extended Fund Facility Arrangement and the IMF Programme targets indicated in the India’s letter to the global lender.

Sri Lanka Bondholder Group Letter to IMF stated:

Based on the limited information available to us at this time, including information contained in the India Letter, we understand that the IMF Programme’s debt sustainability targets are identified as (i) reducing the ratio of public debt to GDP to 95% by 2032, (ii) limiting the central government’s annual gross financing needs to GDP ratio to 13% in the period between 2027 and 2032, and central government annual foreign currency debt service at 4.5% of GDP in every year between 2027 and 2032 and (iii) closing of the external financing gap.

The Bondholder Group hereby confirms it is prepared to engage, through its Steering Committee, with the Sri Lankan authorities in restructuring negotiations consistent with the parameters of an IMF Programme and the targets specified therein (the “IMF Programme Targets”), which the Bondholder Group understands to be the targets identified in the India Letter; it being recognized that these negotiations will necessarily be further informed by the receipt of the forthcoming DSA. We would note that the finalization of an agreement will also be subject to the satisfaction of the following conditions:

The central government’s domestic debt – defined as debt governed by local law – is reorganized in a manner that both ensures debt sustainability and safeguards financial stability. Assuming that annual gross financing needs should not exceed 13% of GDP in the period between 2027 and 2032, whilst allowing for central government annual foreign currency debt service to reach 4.5% of GDP in every year between 2027 and 2032, domestic gross financing should therefore be limited at 8.5% of GDP for the period 2027-2032.

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