Business and Economics
Ceylinco Life lays foundation for Piliyandala ‘Green’ branch

Ceylinco Life recently, laid the foundation stone for a purpose-designed environment-friendly building for its branch in Piliyandala, continuing the greening of the Company’s operations undeterred by the effects of the COVID-19 pandemic.

The new three storey edifice would on completion, be the Ceylinco Life’s 40th building on a land owned by the Company. Located at Horana Road in Piliyandala, this 5,683 square foot office conforms to the environment-friendly specifications adopted by the Company for all new branches on owned land.   The new building would be powered entirely by a 20kW solar power system that results in zero consumption of electricity from the National Grid and would have its own rainwater harvesting facility and waste water recycling system, minimising the use of pipe-borne water. 

The building is also designed for optimal use of natural light and would be equipped with the latest energy-efficient lighting and air conditioning systems. The construction would minimize the use of timber, the Company said and a number of new trees are to be planted on the property.



Huawei 2020 First Half revenue up 13.1% to US $ 64 Bn

Huawei announced its business results for the first half of 2020 today. The company generated over US $ 64.2 billion (CNY 454 billion) in revenue during this period, a 13.1% increase year-on-year, with a net profit margin of 9.2%. Huawei's carrier, enterprise, and consumer businesses achieved US $ 22.58 billion (CNY 159.6 billion), US $ 5.13 billion (CNY 36.3 billion), and US $ 36.19 (CNY 255.8 billion) in revenue, respectively. As countries around the globe are grappling with the COVID-19 pandemic, information and communications technologies (ICT) have become not only a crucial tool for combatting the virus, but also an engine for economic recovery. Huawei reiterated its commitment to working with carriers and industry partners to maintain stable network operations, accelerate digital transformation, and support efforts to contain local outbreaks and reopen local economies.

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Allianz Lanka, AMW enters Service Level agreement

Allianz Insurance Lanka Limited (Allianz Lanka) joined hands with Associated Motorways Ltd. (AMW) to simplify the claims process for policyholders with vehicles sold and serviced by AMW. The insurer entered into a Service Level Agreement with AMW in this regard, recently.

Allianz Lanka policyholders will now be able to inform the insurer and take their vehicles to AMW Body and Paint Repair centres around the island, in the unfortunate event of an accident. The service locations covered under this agreement include AMW Pitstop centres in Anuradhapura, Attidiya, Kandy, Matara and Negombo and AMW body shops in Kithulwatte, Peliyagoda and Rajagiriya.

AMW representatives will work directly with Allianz Lanka on getting the repair estimatesapproved and processing the payments, without policyholders having to get involved. With the entire process being streamlined, AMW will be able to do the repairs and hand over the vehicle more quickly.

This is applicable to all Suzuki, Nissan, Datsun and Renault cars, cabs (utility vehicles), SUVs and vans with a motor insurance cover from Allianz Lanka.

Simplifying the entire claims process, the partnership is set to deliver greater convenience to policyholders.Allianz Lanka and AMW will also be offering discounts on spare parts and accessories as well as a host of other benefits across the AMW Body and Paint Repair network,islandwide.

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