Biz Briefs  

CB Governor to open Regional Office

Central Bank (CB) Governor Arjuna Mahendran will open a Regional Office in Nuwara Eliya today, January 17 to further expand its regional presence, promote financial inclusion and facilitate economic activities.

The senior management of the Central Bank and senior officials of commercial banks and government institutions are expected to be present. With the opening of the regional office in Nuwara Eliya, the Central Bank will be in a better position to give priority to EPF related operations in Nuwara Eliya and Badulla, as they are dominated by the plantation sector.

People’s Leasing opens branch in Kalawana

People’s Leasing and Finance PLC (PLC) opened the 92nd branch in Kalawana recently.

CEO and General Manager, PLC, D. P. Kumarage was also present.

CEO Kumarage said, “The objective of commissioning the branch at Kalawana was to provide an opportunity for people in Sabaragamuwa to benefit from customer friendly and hassle free convenience leasing services provided by PLC.”

People’s Leasing Company was commissioned in 1995 as a wholly owned subsidiary of the People’s Bank. PLC has retained the market leader position for 14 consecutive years in the non-bank finance sector.

Fitch Rating Lanka has assigned PLC a credit rating of AA-(lka) which makes PLC one of the the highest rated finance companies, in recognition of the quality credit and other factors.

DFCC Bank in children’s savings drive

DFCC Bank conducted a New Year children’s savings drive. The Bank invited parents to open savings accounts for their children on January 1, with an additional Rs 1,000 by the Bank to the account.

The promotion was aimed at encouraging parents to consciously save for the future of their children. There was double the expected number of children’s account being opened across 137 branches on this day and DFCC Bank honoured its pledge of an additional Rs. 1,000 into all such accounts.

DFCC PLC offers a diverse range of services in project financing, corporate, business and retail banking, supported by innovative banking technology. With decades of experience in all these areas, DFCC PLC has been strengthened further by a professional and experienced team of employees, who are driven by a deep sense of commitment to achieve the bank’s new vision, a bank spokesman said.

Ford launches Service A-Team

Future Automobiles, the sole agent for Ford vehicles in Sri Lanka, launched the Ford Service A-Team recently, entrusting vehicle after-care to a five-member panel of senior executives.

After-care services have been revamped signalling the intent and focus of CEO Chamath Tennekoon, who said service was the key criterion in winning customers and has taken steps to identify, address and offer solutions to key service demands of faithful Ford owners.

He set the new initiative when he penned a letter presenting the Ford Service A-team to Ford owners, which contained the names and contact numbers of the executives and encouraged Ford owners to call them directly.

Rajya Osu Sala Karapitiya relocated
 

Rajya Osu Sala at Maitipe, Karapitiya was relocated to Hiribura Road, Karapitiya. The new location has ample space for customers. Rajya Osu Sala focuses on providing safe and efficacious drugs at an affordable price. A five percent discount is offered to prescriptions of pregnant mothers, children under five and senior citizens over 55. The State Pharmaceuticals Corporation operates and manages the Rajya Osu Sala network of 30 Osusalas islandwide.

Glorious Residencies launched

A&D Property Developers (Pvt) Ltd., launched Glorious Residencies, the super luxury housing and trade complex on January 8.

The handing over of deeds and ownership documents to buyers who had reserved houses from the housing and trade complex took place at the event. The Memorandum of Understanding between ICC Construction Company, the official builders of ‘Glorious Residencies’ and A&D Property Developers (Pvt) Ltd., was also signed at the launch. The 12-storeyed housing complex will be constructed at Udugahawalauwa Watta, Bandaranaike Mawatha, Colombo 12. Udugahawalauwa is close to Armour Street.

Inducted President, College of Surgeons

The senior most surgeon in service and the Chairman of the Board of Study in Surgery of the Faculty of Medicine, Colombo and the Lady Ridgeway Hospital for Children, Dr Ranjan Dias, was inducted as the 34th President of the College of Surgeons of Sri Lanka on January 9 at the College of Surgeons auditorium.