BIZ BRIEFS

Abans launches Hero Splendor 1

Abans, the sole agent for Hero motorcycles in Sri Lanka, launched the innovative Hero Splendor I-Smart fuel-saving motorcycle at the Hero-Abans Marketing Convention at the Cinnamon Grand recently.

Hero has developed the new Splendor I-Smart incorporating its innovative i3S Technology (Idle Stop and Start System) for two-wheelers.

"The advanced i3S Technology is an eco-friendly, green technology that automatically shuts off the engine when idling and automatically turns it on when needed, thereby giving more mileage in congested cities," a company spokesman said.

Airtel to invest $ 20m this year

Sri Lanka mobile tariffs are among the lowest in the world, said Bharati Airtel Sri Lanka CEO, Suren Goonewardene.

He said that due to this margins in the industry are thin, but they have large volumes to survive.

He said that year-on-year they see a 15% increase of their subscriber base and this has prompted them to invest a further US $ 20 million this year.

"We have now invested heavily in our 3G network. Our new HSPA+ network infrastructure uses cutting edge technology and is designed to deliver a world class data experience for customers in Sri Lanka," he said.

AMW opens Suzuki showroom

Associated Motorways (Pvt) Limited opened a Suzuki showroom in Galle recently.

The people now have access to a showroom with all the facilities available in Colombo, right at their doorstep which affords convenience. "Opening a showroom in Galle had been in the pipeline for a long time and we are glad to see its fruition today.

I believe that the people of this region need the opportunity to experience for themselves what AMW, through Suzuki, has to offer them," said General Manager - Suzuki, Virann de Zoysa.

Hemas Hospital opens dialysis centre

Hemas Hospital recently launched Haemodialysis operations - the first such facility in the Gampaha district.

The new dialysis centre is equipped with Fresenius 4008 S Hemodialysis systems and a team of trained nurses and medical officers with round the clock support of paramedical staff.

The dialysis centre was opened by Chairman, Hemas Hospitals, Murtaza Esufally.

Leading nephrologists and physicians of Hemas Hospital, Wattala, were present. Esufally said that the motive of setting up this facility goes beyond commercial aspects.

"Patients with chronic kidney disease will have convenient and easy access to our facility at Wattala," he said.

SLT to raise US $ 100m

SLT will use the US $ 100 million raised from the international capital market to upgrade telecom infrastructure. SLT has the island's sole wireline network, and a mobile firm, pay television in addition to operating a fibre optic backbone network.

This five-year loan facility has been arranged by HSBC with Sampath Bank.

Chief Executive of HSBC Sri Lanka, Patrick J Gallagher said that this will further strengthen the Bank's relationship with SLT and steer it to achieve development objectives for the benefit of the country. Sampath Bank Managing Director Aravinda Perera said that in addition to taking part in syndicated finance for SLT, the bank has also provided services such as internet payment gateways to the firm's clients.

Fine Vision introduces new camera

Fine Vision, a provider of digital film and television equipment in Sri Lanka, has introduced. Blackmagic 4K production camera to the market.

This camera is suitable for shooting high quality feature films, TV commercials, music videos, documentaries, television episodes and is compatible with the worlds best Carl Zeiss lenses. Fine Vision are the agents for Blackmagic products in Sri Lanka.

Here Blackmagic Asia, Marketing Manager Gregory Chang presents the camera to Chairman, Fine Vision, Rohan Welivita in Singapore.

Union Bank Jaffna branch relocates