Business and Economics
Korea’s Lodule to ink IJV for Lanka’s Smartphone

The CEO of Lodule International Ltd. in South Korea, Byungchul Kim and Senior Director Donghan Shin called on the Ambassador of Sri Lanka, Dr. A. Saj U. Mendis, at the Embassy to further discuss the aforementioned international joint venture (IJV) and to find the most efficacious navigation of the proposed IJV in Sri Lanka to manufacture a smarphone in Sri Lanka.

This would be the first ever occasion that a smartphone is manufactured, solely, in Sri Lanka and this news was first EXCLUSIVELY reported in ‘Daily News Business’ by this writer.
The CEO of Lodule International Ltd., Byungchul Kim, and the Senior Director of the Company explained and expounded, in detail, to Dr. Mendis and senior officials of the Commercial Division of the Embassy of their Company and the functionaries of the company since its formation in 2004.

Chairman Kim stated that most of the products and goods manufactured in Lodule International are being exported to other countries mostly to the ASEAN and China.


SDB bank introduces a paperless onboarding process

Further advancing their continuous program of digital transformation, SDB bank is set to introduce an all-new paperless onboarding process in mid-February.This follows the bank’s implementation of a lean, e-signature system for customer loan agreements in late-2020.

SDB bank’s paperless customer onboarding effort will replace their current customer onboarding process which is fully paper-based.

The use of digital technology in this key process across the bank’s 94 branches islandwide promises a host of new benefits to their extensive personal customer base, proudly covering people belonging to all walks of life with both small-scale entrepreneurial and personal finance requirements.

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Pickme Nena Pahana distributes school supplies to staff drivers

PickMe, recently distributed school supplies and stationary in lieu of the new school year under its CSR initiate, PickMe Nena Pahana. The beneficiaries of this project were the children of best-rated PickMe drivers islandwide.

This was the 5th instalment of Nena Pahana whereby 1600 students were provided with stationery items worth of 4 million rupees. The items were delivered to the residences of deserving drivers - as a gesture of appreciation for the service rendered, in keeping with health & safety regulations- following a simple ceremony at PickMe Headquarters in Colombo.

“Our drivers and riders are the lifeblood of PickMe; I hope this simple gesture will serve to incentivise them to perform even better this year. We particularly appreciate them rising to the occasion at the peak of the pandemic last year, during the two back to back lockdowns. We’re deeply appreciative of the dedication & commitment,” said CEO of PickMe, Zulfer Jiffry.

COO Isira Perera said: “Best performing drivers are ambassadors of the company.

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