Business and Economics
SriLankan Airlines supports export industries by converting passenger aircraft to full freighter

In its quest to continuously support Sri Lanka’s export industries and to keep the country connected with the global economy during the pandemic, the National Carrier SriLankan Airlines has converted a wide-body passenger aircraft into a dedicated cargo aircraft.

This converted Airbus A330 aircraft will commence operations on the 25th of June to key destinations in the Far East and Europe.

Mr. Ashok Pathirage, Chairman of SriLankan Airlines said, “We have transformed this aircraft to allow maximum cargo capacity with main deck loading in addition to the aircraft’s lower deck cargo hold to mainly support the needs of our export industries, as well as our imports sector, during the current global shortage of air cargo capacity and to strengthen the airline’s revenue stream during a time when the air transport industry is in crisis.”

mCash crowned with 3 top recognitions within 1 year

In a notable achievement, mCash, Mobitel’s mobile money platform, has been bestowed with some of the highest accolades within a short period of 1 year – successfully winning the Silver award at the LankaPay Technnovation Awards for Most Popular Payments FinTech App in 2019; winning the Gold award for ‘Online Brand of the Year’ at the highly-coveted SLIM Brand Excellence Awards in 2019; and being listed recently as the Top 10 eCommerce Brands by Brand Finance and LMD for 2020. Currently in its 7th year of operations, mCash has successfully expanded the scope of financial inclusivity and convenience for thousands of customers island-wide, propelling it to the forefront of digital platforms powering the nation today.mCash has repeatedly pioneered the mobile financial industry with innovative solutions and winning these recognitions within a period of one year reflects the meaningful impact that the platform is having across the population.

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Nations Trust Bank launches Rs. 7 bn fund to support economic revival

Nations Trust Bank has identified the importance of assisting adversely affected businesses with a view to supporting the revival of the national economy and towards this objective has announced the launch of a Rs.7 billion internally generated fund dedicated to extending financial support to key industries thereby, enabling them to recommence their businesses and in turn boost the national economy.

With the “Nations Diriya” support fund, the Bank will reach out to exporters under “Nations ApanayanaDiriya” and to local manufacturers under “NationsVyaparaDiriya”.

The facilities are designed to support Corporates and Small & Medium Enterprises by offering attractive credit facilities at competitive rates.

Through this initiative, Nations Trust Bank will help rebuild a range of industries engaged in direct or indirect export-oriented business and for businesses engaged in local manufacturing to help uplift the economy at large by providing the much needed financial support.

The “NationsDiriya” platform is formulated to offer financial support to businesses in local manufacturing, fisheries, value added agriculture, tea, processed food, beverages, spices, coconut and coconut-basedproducts, as well as manufacturers of chemical products, minerals and essential oils.

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