Business and Economics
Vehicle registrations drop to 3,256 in January

Total vehicle registrations have fallen to 3,256 units in January down from 4,478 units the previous month and 34,475 units 12 months ago.

Analyzers of vehicle registrations JB Securities say for the analysis from January 2019 to January 2021they had to update their database to accommodate a new category called locally assembled vehicles that were previously not in the RMV data feed.

In the brand-new car segment of the 40 units registered in January, 27 units were Zotye – Z100 down from 48 units the previous month, this vehicle is assembled by Unimo a subsidiary of United Motors.

In the SUV/crossover segment of the 114 brand new units registered in January, Mahindra KUV 100 accounted for 61 units down from 72 units the previous month, this vehicle is assembled by Ideal Motors. DFSK accounted for 14 units in January down from 55 units in December, this vehicle is assembled by Unimo.

Latest model of OPPO F- Series tipped to launched in March

It is learnt that OPPO is set to unveil the latest addition to their range – the F19 Series in early March 2021. A rectangular camera module with four lenses, LED flash, and AI support adorns the rear design of the F19 Pro whilst a smart band which may get launched simultaneously - is seen alongside, in a post revealing the series.
OPPO F19 Pro looks quite elegant its design & features a button on the right side which is believed to be the power on/off button. As per the poster image, there is no physical fingerprint sensor at the back panel, which suggests the phone might come with an in-display fingerprint sensor.
Whilst OPPO might be working on the low-light camera performance, it is also suggested that it will have features like AI Colour Portrait Video, and Dual-View Video, which allow recording videos from both front and rear cameras.

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GSP Plus unaffected by trade restrictions, helped by fall in GNI

The Generalised Scheme of Preferences Plus (GSP Plus) that Sri Lankan exporters currently enjoy will not be impacted by the trade restrictions imposed by the government. The agreement’s eligibility period is also likely to be extended given the fall in Gross National Income following the COVID-19 pandemic.

Head of Cooperation European Delegation to Sri Lanka and the Maldives Frank Hess said, “Let me be very clear. There is no link whatsoever between GSP Plus and import restrictions. Why do we give GSP Plus? We give GSP Plus as a unilateral trade concession because Sri Lanka has committed to itself to implement a number of UN conventions on environmental issues, social issues, and governance. As long as Sri Lanka does that, Sri Lanka does qualify for that program.”

Hess noted, “Whatever Sri Lanka does on import restrictions will not impact that.”

GSP+ is limited to countries that are categorised as being lower income. For a country to qualify they must have a GNI below US$ 4000. Sri Lanka in the recent past crossed this threshold and no longer qualified.

Hess said, “As you know Sri Lanka at some stage crossed that threshold and became a middle-income country. In this case, there is a transition period of 3-4 years. In the (transition) period Sri Lanka has fallen and is again below this threshold. That means Sri Lanka is able to qualify for GSP Plus.”

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