Business and Economics
Prime Group Sets Benchmark For Real Estate Industry with Credit Rating of A- Stable

Commences operations at Head office, Flagship project Prime Grand – Ward Place and all other Construction Sites 

21 May, 2020: Property magnet Prime Group makes history as the first institution in the Sri Lankan real estate industry to receive a prestigious issuer rating of [A-] Stable from ICRA Lanka, a group company of Moody’s Investors Service.

The rating was awarded based on a consolidated view of the exceptional financial and operational linkages of Prime Lands (Pvt) Ltd. and Prime Lands Residencies (Pvt.) Ltd. 

The market leader marks its 25th year in the industry by being the first and only real estate company to obtain a credit rating, shedding much needed transparency into the sector to enable buyers to make an informed decision before investing their hard earned money.

Cathay Pacific requires all passengers to wear face coverings while travelling

In response to COVID-19, Cathay Pacific has implemented a number of measures to safeguard the wellbeing of its passengers and crew. The airline has introduced face coverings for additional protection onboard and in situations where passengers cannot maintain physical distance of two meters from others, or as directed by airline employees.

Effective immediately, all passengers will be required to wear face coverings throughout their travel journey, including when passengers are checking-in, boarding and disembarking, as well as when they are at Cathay Pacific lounges.  The airline also recommends passengers to wear the face coverings in high-traffic areas such as security lines and at baggage collection areas.

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Vivo hopes for an upward market trend post Covid-19 recovery in Sri Lanka

vivo, the innovative global smartphone brand is gearing up to look beyond the impact of COVID-19 in Sri Lanka and to ensure that they join the battle to win against the global pandemic and its economic casualties. Despite the standstill of the smartphone industry and the predicted negative sales impact; vivo is confident that the business will continue, in a future post COVID 19. Also, the company is utilizing this time to innovate and understand consumer’s need. As vivo is positive that post-covid 19 the consumer need will not just survive but thrive.

“We are certain that as a committed brand, we can serve the customer demands without any hassle even amidst the challenges we are facing due to the pandemic. We have a strong team and together with our local partners, we will continue to thrive when the situation becomes normal,” stated Kevin Jiang, CEO, vivo Mobile Lanka.

At vivo it’s always “V” (We) not “I”

As an impactful brand, vivo understands the economic casualties presented by the global pandemic and is more than ever keen on working closely with the 350+ vivo employees and 1200+ retailers who represent the brand, while aligning the brand to the concept of Sri Lanka Government’s efforts on #RestartSriLanka. vivo believes that their major strengths as a rapidly growing brand in Sri Lanka are its local employees and partners.

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