Business
Standard Chartered contributes US$ 500,000 to support the fight against COVID-19 in the local community
Standard Chartered Sri Lanka has announced donations totalling USD500,000 (approximately LKR 92.5 million) to support the fight against COVID-19 in the local community.
The donation, which will flow through the Sri Lanka Red Cross Society (SLRCS), is in keeping with its brand promise to be ‘Here for good’ and is part of the Bank’s wider response to the COVID-19 global pandemic.
The funding is made up of two parts: USD300,000 from Standard Chartered PLC will support emergency relief activities that target the control and containment of coronavirus, precaution against infection, and public awareness to combat misinformation on COVID-19. These funds are part of the Group’s USD5 million donation to Red Cross to support urgent medical and humanitarian support in countries across Africa and Asia from its USD50 million COVID-19 Global Charitable Fund; and USD200,000 from Standard Chartered Sri Lanka for the procurement of approximately 13,000 COVID-19 testing kits to assist in identifying suspected patients of the virus.
Commenting on the donation, Bingumal Thewarathanthri, CEO, Standard Chartered Sri Lanka said: “Standard Chartered Sri Lanka is proud to be able to contribute to the fight against COVID-19 in Sri Lanka and we are glad to partner with Red Cross programmes that reach the most vulnerable people in our communities. By working together, we are able to support the delivery of rapid and effective relief that aims to address some of the current and future challenges created by the COVID-19 pandemic. In addition to supporting our communities at this time of need, we have also gone an extra mile in contributing to the country’s economy in a holistic fashion in the wake of this pandemic.”
Dearo Investment Pvt. Ltd. won four major titles at the Iconic Awards 2024, including Best Investment Product Provider of the Year and Best Project Finance of the Year. The awards, presented at the BMICH in Colombo, recognize the company’s excellence in financial services and digital solutions. Dearo Investment, known for its comprehensive financial services, including SME and joint venture financing, operates over 30 branches nationwide and recently opened a new branch in Polonnaruwa. The company is focused on driving digital innovation and plans to expand further
Since its debut on August 15, 2024, Oceanfront Service Apartments at Marine Drive has become a premier destination in Colombo’s luxury real estate market, said a release.
Developed by the International Construction Consortium (ICC), this exclusive project features 118 high-end units across 21 floors, with sizes ranging from 912 to 1,569 square feet. Located in the vibrant Marine Drive area, the development offers stunning ocean views and a serene escape from city life.
With only a few apartments remaining, demand is high, making now the time to act. The residences provide easy access to Colombo’s nightlife, dining, and essential services, making it an ideal spot for both living and working. Each unit combines modern elegance with functional design, offering spacious bedrooms, stylish living areas, and luxurious bathrooms. Seize the opportunity to experience beachfront luxury at its best with Oceanfront Service Apartments.
TVS Motor Company has launched the TVS Raider 125 in Sri Lanka, featuring an LCD digital speedometer, 3V iTouch Start, LED headlamp, and under-seat storage. This sporty motorcycle boasts a 125cc engine for a balance of power and efficiency, an advanced digital console with real-time information, and superior safety features like disc brakes.
Rahul Nayak, VP of International Business at TVS Motor Company, highlighted that the TVS Raider 125 aims to captivate the Gen Z market with its advanced features and design. G. S. Raghavan, Global President of TVS Mobility, praised the Raider 125 as a standout addition to TVS’s trusted lineup in Sri Lanka. Geethal Anthony, CEO of TVS Lanka, expressed excitement about the Raider 125’s launch and its contribution to local manufacturing and quality standards, anticipating it will appeal to young riders and boost the industry’s growth.
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