Business and Economics
Standard Chartered Sri Lanka clinches ADB’s prestigious Trade Finance Deal of the Year 2020 Award

Awarded in recognition of a USD 25M trade loan extended for the purchase of medical supplies for the national initiative against COVID-19

Standard Chartered Sri Lanka has won the Asian Development Bank’s (ADB) prestigious Trade Finance Deal of the Year 2020 (Confirming Bank) Award at the Trade & Supply Chain Finance Program (TSCFP) Awards hosted virtually on October 28, 2020. The award recognised an underlying risk participation deal the ADB entered into with the Bank on a USD 25 million trade loan extended to state-owned People’s Bank.

Speaking on the recognition by the Asian Development Bank, Bingumal Thewarathanthri, Chief Executive Officer, Standard Chartered Sri Lanka, stated, “It is a privilege for Standard Chartered Sri Lanka to be awarded the Trade Finance Deal of the Year 2020 by the ADB, especially on a transaction intended for a purpose that is close to our hearts.
Acer unveils Porsche Design Acer Book RS

Taking design and functionality to another level, Acer has partnered with Porsche Design to create a high-end notebook that combines advanced technologies with purist and minimalist design elements.

The Porsche Design Acer Book RS with compact all-metal chassis packs in up to the latest 11th Gen Intel Core i7 processor and an NVIDIA GeForce MX350 GPU while remaining just 1.2 kg (2.65 lbs) light.

Topping off the chassis is a carbon fiber cover, a distinctive touch derived from decades of motorsports designs that value carbon fiber for its lightweight strength and extreme performance. Porsche Design Acer Book RS was co-engineered with Intel and includes Intel Evo platform verified modelsto meet key experience targets for consistent responsiveness on battery, instant wake, real-world battery life and fast charge, making it an exceptional laptop for getting things done.

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SLT Fibre creates smart lifestyles for residents of Unitown Residencies

Sri Lanka Telecom (SLT), the leading ICT and digital solutions provider in the country recently entered into an agreement with Asian Silk Route Private Limited, a company specializing in condominium development and construction, to facilitate Unitown Residencies with a unique Smart Home Solution powered by SLT Fibre. The official agreement signing took place recently at SLT’s head office premises, Colombo Fort, with the participation of authorized signatories: Zhou Wansho, Chairman and Fazmin Shahabdeen, Director Operations of Asian Silk Route and Imantha Wijekoon, Chief Sales Officer and Chethana Attanayake, General Manager of SLT. Other representatives from both the companies were also present to witness the agreement signing.

Unitown Residencies, the latest condominium project undertaken by Asian Silk Route, promises a unique living experience together with unique living space design and amenities, right at the heart of Colombo city, in Colombo 9. The 10-storied condominium will comprise of 64 luxury apartments. SLT will be responsible for the ICT infrastructure of the building, and will ensure that residents are provided with state-of-the-art services which include crystal clear telecommunications, the latest ultra-fast broadband connectivity provided through fibre technology and the next revolution in entertainment television, PEO TV. SLT will also set up the backbone necessary for a Smart Building promising residents of unique and enhanced digital lifestyles.

“We selected SLT to be our partner for this project because we needed a partner that would be able to match our standards, in terms of the uniqueness that we stand for, and promise to our customers in every aspect of this living space that we are creating,” said Zhou Wansho -Chairman of Asia Silk Route, giving his views on the newly formed partnership.

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