Business
Samsung refrigerators: It’s more than a fridge
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Modern built-in inspired designs elevate the kitchen experience, enhancing home living
With all-new updates and developments, Samsung Sri Lanka brings to you top-notch and high-tech refrigerators to keep your groceries cool and fresh for longer in this hot humid summer and power cut situations.
One of the most well-received products in Samsung’s extensive range is the premium range SpaceMax Series (Side-by-Side). You can store more food with the SpaceMax refrigerator’s spacious ranging from 660L to 700 liter interior. Its unique SpaceMax technology enables the walls to be much thinner whilst still ensuring optimal insulation, creating more storage space without increasing the external dimensions.
The Samsung Digital Inverter Compressor lasts longer while saving energy up to 50%. Unlike conventional compressors, Samsung’s Digital Inverter Compressor automatically adjusts its speed in response to cooling demand, thus using less energy, while minimizing noise and reducing wear and tear. It is also certified for 21 year lifespan durability and guaranteed by a 10-year warranty.
Further, it gives your kitchen a sleek and minimalist look with the stylish counter depth design and beautiful flat doors with recessed handles that blend seamlessly with your kitchen for a completely harmonious look. You can freeze or chill your food rapidly with the Power Freeze and Power Cool options, all done with a simple push of a button. Ideal for chilling your favorite drinks or firming up ice cream in a flash.
The refrigerator also comes with a large water tank for its Non-plumbing Ice & Water Dispenser, which does not require a water filter. Meanwhile, the Auto Ice Maker gives you extra storage space by freeing up freezer shelf space while allowing you to automatically make, store and enjoy ice at your convenience. Its compact design also frees up extra storage space for food, without compromising on the amount of ice produced.
A large capacity Vege Box provides a convenient space to store a large amount of fresh vegetables and fruits. And because it’s so big, it’s so much easier to find everything – the all-in-one place to access your vegetables or fruits at just one glance.
Under step-up models, Samsung has its Twin Cooling/Convertible Series. This locks in moisture, seals in freshness through Twin Cooling Plus Technology which has two independent cooling systems to ensure the right temperature and humidity level up to 70% is maintained throughout the fridge (compared to 30% in a conventional Top Mount Freezer), so no matter where food is stored, it stays fresh.
Food odors can change the taste of frozen foods and affect the flavors of finished dishes. Twin Cooling Plus is a truly independent cooling system, with separate airflows in both the fridge and freezer. This prevents unpleasant smells from foods moving between the fridge and freezer, ensuring the original flavor of ingredients stored in the freezer remains odorless.
It also provides 5 possible Conversion Modes for flexible storage. You can easily convert your freezer into a fridge to keep all the fresh food you need to store for different seasons or special occasions. Or just switch to off the fridge compartment when leaving home for a long vacation. The five modes are Freezer-Fridge, Energy Saving, Vacation, Fridge Max and Mini mode.
In addition to this it rapidly delivers intense cold air to fast freeze or cool. At the touch of a button, Power Cool quickly chills food and drinks, while Power Freeze is great for freezing or firming up frozen food and making ice.
Backed by a 10-year warranty, Samsung guarantees the durability of its Digital Inverter Compressor. Digital Inverter Technology automatically adjusts the compressor speed in response to cooling demand across 7 levels. It uses less energy, minimizes noise and reduces wear and tear for longer-lasting performance Samsung Digital Inverter Compressor lasts longer while saving energy up to 50%. Unlike conventional compressors, our Digital Inverter Compressor automatically adjusts its speed in response to cooling demand, thus using less energy, while minimizing noise and reducing wear and tear.
Samsung also possesses a range of Single Door Refrigerators, which has a truly distinctive Grande door design. It enhances the look of the refrigerator with a fine line aesthetically placed towards the bottom to add a sleek and elegant look to your kitchen. Your food and fresh groceries are now much easier to find with safe and power efficient brighter lamp inside the fridge.
Its Stabilizer Free Operation means it works very steadily and reliably to prevent electrical damages in case of any voltage fluctuations it automatically cuts off the power. Further, its Safe Clean Back is a smooth safety cover for its internal vital components that can be easily wiped clean.
The Samsung refrigerator range starts at a price point of Rs.58,999 and is available for purchase at Samsung’s authorized dealers partners Softlogic, Singer, Singhagiri, Damro and Samsung e-Store.
Business
ADB supports Sri Lanka inter-university Make-A-Thon
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The Asian Development Bank (ADB) and the University of Kelaniya organized the Sri Lanka Inter-University Make-A-Thon for Assistive Medical Technology from 22–24 February 2025 to come up with new solutions for affordable assistive medical technology devices.
This Make-A-Thon is supported by the Ministry of Education, the University of Colombo, the Open University of Sri Lanka, Thrimana 3D Printers, ATG Glove Solutions, Avon Pharmo Chem, Leeban Interiors, and FabLab Shinagawa, Japan. “I am thrilled to witness the creativity, empathy and passion of Sri Lankan youth making a social impact by providing customized but potentially scalable interdisciplinary solutions within this limited time,” said ADB Country Director for Sri Lanka Takafumi Kadono. “I hope that this Make-A-Thon event will bring a lasting impact for mainstreaming affordable assistive health technology service delivery to the doorstep of people with disability in Sri Lanka.” The event brought together over 150 participants, including people with disabilities as need knowers, university students and faculty members whose majors are engineering, technology, medical, designing occupational therapy, speech and language therapy from 9 universities, and digital fabrication experts to co-create human-centered assistive devices.
The event was held at the new platinum-rated green building facilities at the Faculty of Computing and Technology, University of Kelaniya, developed under the ADB-funded Science and Technology Human Resource Development Project. The event showcased Sri Lankan university students’ creativity producing affordable assistive medical technology solutions— costing less than $1 per device, thereby reducing reliance on imports. Senior Professor Nilanthi De Silva, the Vice Chancellor of the University of Kelaniya said “More than just a competition, the Make-A-Thon could combat the stigma attached to the people with disability.
This interdisciplinary collaborative event fostered innovation to develop practical solutions to real-world disability challenges through participatory processes.” Thirteen groups successfully developed 3D-printed assistive device prototypes for people with disability based on the interdisciplinary support from the University of Kelaniya led by the Faculty of Computing and Technology as well as the Department of Disability Studies of the Faculty of Medicine. The Japanese digital fabrication experts, funded by the Japan Fund for Prosperous and Resilient Asia and the Pacific grant, provided guidance for this event.
Business
Former CB Governor highlights urgency of structural reforms
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‘Sri Lankans have shown remarkable resilience, but further austerity is untenable’
By Sanath Nanayakkare
Sri Lanka must sustain annual economic growth exceeding 5% to achieve debt sustainability and resume full debt repayments by 2028, ensuring the financing of essential imports and safeguarding social and political stability, asserted Dr. Indrajit Coomaraswamy, former Central Bank Governor. He said so while speaking at the Centre for Poverty Analysis (CEPA) symposium, ‘Crisis-Driven Poverty’, held on February 27, 2025, at the Colombo Hilton.
Highlighting the urgency of structural reforms, Dr. Coomaraswamy, the keynote speaker of the event stressed, “Steady growth beyond 2028 is critical for poverty reduction and inclusive development. Without reforms, debt sustainability could unravel, risking another restructuring that would test public patience and destabilize society.
Reflecting on stalled progress, he noted, “Reforms in factor markets, state-owned enterprises, trade policy, and skills development were proposed 45 years ago. Yet, political incentives and powerful vested interests, businesses, unions, or others—have persistently obstructed change.” He expressed cautious optimism about the current government’s pragmatism under President Anura Kumara Dissanayake, praising its adherence to a robust macroeconomic framework post-election—a rare commitment in Sri Lanka’s history, while mentioning the role of Former President Ranil Wickremesinghe in introducing and pursuing it.
The symposium featured findings from CEPA’s 2023 survey of 5,000 households, partially funded by the Asian Development Bank (ADB). The study expanded with independent financing to include an additional 2,500 households, analyzed poverty through both expenditure-based metrics and the Multidimensional Poverty Index (MPI). It assessed the socioeconomic impact of Sri Lanka’s crises and the efficacy of social protection programs.
The event brought together government officials, donors, civil society groups, and academics to strategize on poverty alleviation. Dr. Coomaraswamy warned, “Delayed reforms risk entrenching poverty and compounding debt challenges. Sri Lankans have shown remarkable resilience, but further austerity is untenable.”
His remarks underscored the delicate balance between economic discipline and social equity, urging swift action to secure long-term stability.
Business
Nestlé Lanka inaugurates new Rs.1.1bn biomass boiler at Kurunegala Factory
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Continuing its journey of doing good for Sri Lanka, Nestlé Lanka invested in a biomass boiler project at its state-of-the-art factory in Kurunegala. The biomass boiler is a key initiative in the ‘Good Food Good Life’ company’s journey towards reaching net zero carbon emissions across the value chain by 2050.
Nestlé strongly believes in conducting its operations sustainably in a manner which positively impacts not only people, but also the planet. This LKR 1.1 billion investment will facilitate the transition from the use of furnace oil to biomass for generating steam in its manufacturing operations. This transition will lead to a 90% reduction in carbon emissions generated from current steam boilers.
Sunil Handunneththi inaugurated the new biomass boiler at the Kurunegala Factory on the 27th of February 2025. The inauguration ceremony also witnessed the participation of H.E. Dr. Siri Walt, Ambassador of Switzerland to Sri Lanka and the Maldives, Professor Tilak Hewawasam, Chairman – Central Environmental Authority, and Mr. Vish Govindasamy, Past Chairman of the Ceylon Chamber of Commerce and Chair of the Chamber’s Clean Sri Lanka Initiatives.
Sharing her thoughts, Dr. Siri Walt stated “Nestlé has a longstanding presence in Sri Lanka of almost 120 years producing household names like MAGGI, MILO and NESTOMALT. But Nestlé is also a sustainability champion with its aim to reach net zero carbon emissions by 2050. The groundbreaking investment into this biomass boiler is a testimony to this. I am delighted to see Nestlé’s investment into innovation and sustainability, a priority for Switzerland and Sri Lanka.”
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