Business and Economics
Double honors for 99X Technology by Great Place To Work Institute

Reiterating its commitment to diversity and creating equal opportunities for all in the workplace, 99X Technology was once again ranked on the Best Workplaces in Asia index for 2020 by Great Place to Work Institute. It retains its position at 8th place among 25 companies from the Asia Pacific region in the Small and Medium Enterprises category. This achievement was soon followed by yet another, being listed among 10 companies on Sri Lanka’s inaugural list of Best Small and Medium IT/ITES Workplaces.

The publication of these lists comes amid the COVID-19 crisis, which has upended daily life and business operations throughout the region. The ranking of Asia’s Best Workplaces is based on data collected prior to the novel coronavirus outbreak but organizations on the list are leading the way amid the pandemic, demonstrating care for their employees, their customers and their communities during this difficult time.

Airtel keeps users in flood affected regions connected with free call & data benefits

Responding to flooding and landslides caused by tropical cyclone Amphan, Airtel Lanka helped its customers stay connected by providing free talk-time and data. The benefit was extended to customers residing in over 23 affected towns in the Nuwara Eliya and Ratnapura districts.

Commenting on the initiative, Airtel’s Chief Marketing Officer, Chandrashekhar Singh Chauhan stated: “We are deeply concerned about the well-being of our customers who have been adversely affected by these extreme weather conditions. Especially considering the fact that they have to deal with the twin impacts of the storm as well as the ongoing COVID-19 pandemic, Airtel felt it was an urgent priority to support our users to stay safe and stay connected during these difficult times.”

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People’s Bank slashes interest rates to uplift entrepreneurs

In keeping with the government's guidelines to uplift local entrepreneurs, and with the aim of uplifting businesses that are struggling as a result of the COVID-19 pandemic, People's Bank has embraced the responsibility of a state bank and taken steps to immediately reduce the interest rates of industries that contribute directly to the local economy. These industries include agriculture, animal husbandry, related industries, other crops and fisheries fields as well as manufacturing, tourist hotels, exports, development and microfinance and cooperative divisions.

Accordingly, in terms of agriculture, animal husbandry, related industries, other crops and fisheries fields, the 13% interest rate applicable for loans of up to Rs.1 million (up to 3 years) has reduced to 9.50% and if more than 3 years to 9.75%, while the current 14% interest rate for loans over Rs.1 million has reduced to 13.50%. In the manufacturing industry, the 13.50% interest applicable to loans of up to Rs. 1 million (up to 3 years) has dropped to 9.50% while the interest rate for loans above 3 years has dropped to 9.75%.

In the Hotels and Tourism industry, the 14.5% interest rate applicable for loans of up to Rs.1 million has reduced to 9.50% (up to 3 years) and 9.75% (more than 3 years) whereas the 16.75% interest rate applicable for loans of more than Rs.1 million has reduced to 14.50% (up to 3 years) and 16.25% (more than 3 years).

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