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Samsung, Sri Lanka’s No. 1 smartphone brand, recently announced that it has enabled Samsung Galaxy A22 5G users with the capability of using their 5G compatible device on the 5G trial network of Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, to experience the power of 5G. Galaxy A22 5G, is a future-ready device offering 11 bands’ support for 5G experience with the promise of two-year OS upgrades. This follows the tech giants recent enabling of 5G for the Samsung Galaxy S21 series including the Galaxy S21, Galaxy S21+ and Galaxy S21 Ultra.
Samsung’s new partnerships with top brands and companies make its 5G experience more exciting than anywhere else, from crystal clear video chatting with Google Duo to virtually lag-free gaming whenever, wherever the consumer wants. As one the world’s most experienced and fastest 5G device manufacturers, Samsung will pave the way for a continuous enhancement of everyday 5G experience.
“5G is continually becoming more accessible to consumers of all smartphones, and it is our duty as smartphone providers to ensure that our consumers get the best out of their purchase. While most smartphone makers only offer a single 5G device, Samsung makes just as many kinds of hyperfast 5G devices as the people who use them—from top-of-the-line smartphones for creatives to streamlined devices for the cost-conscious to 5G tablets for the powerfully productive. The Samsung Galaxy A series stands out with its exceptional capabilities, and we are committed to taking it one step forward by enabling 5G through Dialog’s Trial network. We are proud and excited to see how our consumers have flocked to embrace this new technology and strive to give them the best technological experience always,” said Kevin SungSu YOU, Managing Director, Samsung Sri Lanka.
Samsung has extended its 5G capabilities to a large array of its smartphones, and in 2022, has promised to extend 5G to all its smartphones.
Galaxy A22 5G comes in a range of vibrant colours – Grey and Violet – offering users another way to express themselves. Powered by MediaTek Dimensity 700 processor, Galaxy A22 5G ensures optimized performance, smooth multi-tasking, and reduced power consumption even while browsing and using multiple apps. With massive 5000mAh battery and in-box 15W USB-C fast charger, Galaxy A22 5G will help you sail through your tasks without a worry. Galaxy A22 5G supports Android 11 and One UI Core 3.1, which is designed so you can be productive and creative every day.
Memory Variants, Price and Availability
Galaxy A22 5G is priced at LKR 59,999 for 6GB + 128GB variant and available at island-wide authorized dealers of John Keells Office Automation and Softlogic Mobile Distribution which can be easily identified by the Samsung logo placed outside the shop. It is also available at authorized partners; Softlogic Max, Softlogic Retail, Singer, Singhagiri and Damro, Network Partners Dialog and Mobitel, and via the online portals; Samsung EStore (samsungsrilanka.lk), MySoftlogic.lk, Keellssuper.com and Kapruka.com. To get the latest updates on the Samsung Galaxy 5G Family, log on to https://samsungsrilanka.lk/mobile/5g/
Always at your Service, wherever, Whenever. Enjoy peace of mind when you choose to buy a Samsung Galaxy smartphone. The interactive diagnostics and optimization on the Samsung Members app makes it easy to tune up the performance of your devices, while our helpline lets you troubleshoot problems when you need the extra support.
In Sri Lanka, Samsung has been recognised as the ‘Most Loved Electronics Brand’ for three consecutive years by Brand Finance Lanka’s review of the country’s most valuable brands. As Sri Lanka’s No.1 smartphone brand, Samsung’s customer base in the country spans across all age groups, particularly the Gen Z and Millennial segments.
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The President has refused to accept the resignations of the chairman and Board of the BOI. The President has instead indicated that he wishes for them to continue in office, a BOI statement said.
The Board of Investment wishes to announce that His Excellency the President has refused to accept the resignations of the Chairman and Board members of the Board of Investment who tendered in their resignations last week.
In a letter addressed individually to the Chairman and respective Board members, by Dr. P.B. Jayasundera, Secretary to the President, further stated that His Excellency wishes for them to continue services, as he has highest confidence in them, as they contribute effectively to promote foreign investments to the best interest of the country and help the post COVID economic transformation.
As of November 2021, the BOI has signed USD 2bn worth of investment approvals. During the first half of 2021 alone, USD 760mn has been invested in Sri Lanka, of which USD 400mn is FDI, in contrast to pre-pandemic 2019, where 113 new projects were approved and added to the pipeline, to the value of USD 1.1Bn, of which, the foreign component value was USD 400mn. In 2020, despite the pandemic and slow down in investment decisions, 128 projects were approved with a value of USD 2.2Bn, of which, the foreign investment component was USD 1.6Bn. in 2021, 117 new projects were approved to the value of USD 2Bn, of which USD 980mn is the foreign investment component. Through this, the overall investment pipeline has exceeded 2019 values, despite the pandemic continuing through 2020 and 2021. Added to this, the year-to-date export value for BOI companies has also surpassed 2019 pre-pandemic levels.
Earlier a BOI statement said:
Prominent members of the Board of Directors of the Board of Investment have stepped down from their positions.
The Chairman, members of the Board of Directors and Director General assumed office with the singular intent of supporting His Excellency the President’s vision to double Sri Lanka’s GDP in this decade. In line with this, the Board of Investment’s role in transforming the country into a preferred investment destination by creating a compelling investment climate arose through the conceptualisation and execution of strategic and proactive investment promotions.
To achieve this strategic agenda, the cabinet and the leadership team of the Board of Investment recognised that many transformations were required internally to enable the Board of Investment to compete against over 1,000 international promotion agencies active globally. They also recognised that this task could not be achieved in silos, and that collaborative efforts through a public-private partnership model was essential. This included the infusion of specialist skills through the acquisition of new talent for selected positions and also the obtaining of specialist professional services to attract and create new investment portfolios to stimulate the country’s trajectory towards a knowledge driven economy.
Unfortunately, the efforts of the leadership to achieve this urgently required transformation, was strongly and continuously resisted by isolated factions both within and outside the organization, who have put their self-interest over the public. Such factions either failed or refused to comprehend the competitive realities of the international promotion landscape, in which Sri Lanka needs to compete much more effectively, if it is to attract FDI at the scale the country needs.
It is also a matter of regret that the progressive agenda of the leadership has come into question in public fora, also implying mismanagement based on events that occurred during 2017 and 2019, a period prior to the time of the current leadership. The many distortions and misconceptions publicised about the Board of Investment as a result of this confusion, has affected the reputation of the Board of Investment internationally, as well as the reputations of its key personnel.
Despite these unfortunate developments, the leadership of the Board of Investment remain confident about the significant potential their programme of reforms can provide to support Sri Lanka’s economic progress in future, if it is continued to its natural culmination. They are hopeful that all stakeholders will collectively work in that manner necessary for the greater good of Sri Lanka and all its citizens.
by Hiran H.Senewiratne
The CSE yesterday closed on the up, thanks to a strong recovery following bullish sentiments indicated in the morning, while during the middle of the session profit- takings were witnessed in LOLC Group counters, mainly Browns Investments, Brown and Company, LOLC Holdings and Vallibel One. However, during the latter part of the day the CSE slowly recovered and ended on a positive note, stock market analysts said.
The All- Share Price Index finished on a 53.76- point gain or 0.5 per cent and the S&P SL20 rose to 19.47 points. Turnover was healthy at Rs. 6 billion involving 873 million shares with a single crossing. The crossing was reported in Alumex PLC, which crossed three million shares to the tune of Rs 48 million and its shares traded at Rs 16.
It is said the ASPI crossed the 11,000-mark once again and returned to positive territory after witnessing three sessions of losses, while the more liquid S&P SL20 index also resumed its record-breaking run and posted a gain of more than 1%, largely helped by price increases recorded in Expolanka.
In the retail market, top seven companies that mainly contributed to the turnover were, Expolanka Rs 835 million (2.7 million shares traded), Browns Investments Rs 645 million (44.3 million shares traded), Sunshine Holdings Rs 431 million (10.5 million shares traded), Royal Ceramic Rs 262 million (3.7 million shares traded),Commercial Leasing and Finance Rs 26.2 million (7.8 million shares traded), SMB Finance Rs 250 million (217 million shares traded) and Brown and Company Rs 214 million (68,000 shares traded).
During the day, plantation sector counters, especially Sunshine Holdings and Watawala Plantations, performed well. Sunshine Holdings share price appreciated by eight percent or Rs 3.30. Its shares started trading at Rs 38 and at the end of the day they shot up to Rs 41.30 and Watawala Plantations shares appreciated by Rs 9 or eight per cent. Its share price shot up to Rs 118 from Rs 109. Further, SMP Leasing and Finance shares appreciated by 20 per cent or 20 cents. Its share price appreciated to Rs 1.20 from Rs 1.
Expolanka, Richard Pieris and Melstacorp were the main contributors to the All- Share Price Index. During the day 873 million share volumes changed hands in 44000 transactions. Separately, Windforce Ltd. and Vallibel One announced their interim dividends of 55 cents and Rs. 1.50 per share respectively.
It is said that high net worth and institutional investor participation remained subdued for the day while mixed interest was observed in Expolanka Holdings, Brown & Company and Vallibel One, while retail interest was noted in Commercial Leasing & Finance, SMB Leasing and Browns Investments.
Yesterday the US dollar rate was Rs 202.94, which was controlled by the Central Bank. The foreign currency shortage is having a negative impact on business, irrespective of the type of business, in relation to imports and exports. Our construction and import trading businesses are being disrupted and other measures that have come around have made the situation even worse, market sources said.
Three leading fashion retailers recorded cumulative sales over Rs 23 million in just three weekends in October and November as a result of promotions that offered cash backs and discounts for payments made via the Q+ Payment App on the LANKAQR platform.
The Commercial Bank of Ceylon conducted these promotions to support the LANKAQR National rollout campaign by the Central Bank of Sri Lanka (CBSL), themed ‘
රටපුරාම LANKAQR’ to promote cashless digital payments via the LANKAQR platform and to popularise Scan & Pay transactions. Notably, Commercial Bank was the only bank in the country to organise three island-wide promotions of this nature within a period of two months.
These promotions conducted soon after travel restrictions were lifted, were launched in collaboration with House of Fashions, Fashion Bug and Cool Planet outlets and invited retail customers to enjoy cash backs and discounts of 25% when they scan the merchants’ QR codes and pay for their purchases via the Q+ Payment App, which is the first QR-based payment application to be launched under LANKAQR. Customers could perform scan and pay transactions via any LANKAQR compatible app at these merchant outlets.
A total over 3,200 ‘Scan & Pay’ LANKAQR transactions took place during these promotions in a testament to the fact that both customers and the merchants have accepted the Q+ Payment app and LANKAQR platform as a safe, easy, and fast mode of payment for their needs, the Bank said.
The promotions were an opportunity for customers to not just enjoy discounts at their favourite clothing stores, but also enabled them to experience the convenience and security of subscribing to the latest digital payment method that goes beyond both cashless and card-less payments, the Bank added.
The Q+ Payment App is now the fastest-growing QR app in the country. It has an easy self-registration process, and is well received by customers owing to the convenience and security it offers them in cashless payment processing when they pay for purchases by scanning QR codes via mobile phones or via the in-app bill payment facility. Commercial Bank has enabled an innovative payment experience for the Bank’s Q+ customers called ‘Q+ online Pay’ in the Q+ Payment App, which enables Q+ customers to pay for online purchases by entering their mobile numbers in merchant websites and apps that have ‘ComBank Q+’ as a payment option.
In October, the App surpassed the 100,000 registered customers milestone, doubling its customer base in just five months.
The LANKAQR Nationwide rollout campaign was launched recently to popularise LANKAQR payments among small and medium merchants as a low-cost digital payment method and as a secure and convenient payment solution that can be operated via mobile devices.
Sri Lanka’s first 100% carbon neutral bank, the first Sri Lankan bank to be listed among the Top 1000 Banks of the World and the only Sri Lankan bank to be so listed for 11 years consecutively, Commercial Bank operates a network of 268 branches and 931 automated machines in Sri Lanka.
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