Business
Quickee.lk and Durex offer climactic delivery service
From left to right: Mariam Moosa – Founder, Quickee Delivery Solutions, Leroy Ebert – Chief Growth Officer, EFL 3PL, Amaya Gunasekara – Assistant Brand Manager, Durex, Tehan Samarasinha – Product Group Manager, Durex
Protection and pleasure are now available at the click of a button, thanks to a delightful tie-up between Quickee.lk and Durex, to deliver Durex products at customers’ doorsteps without having to leave homes.
The unique partnership kicks off with an exciting promotion in the run up to Valentine’s Day. Deliveries of Durex Performa, Fetherlite and Extra Safe will be undertaken by Quickee with FREE delivery for the first 100 orders within the Quickee delivery grid that covers Colombo 1-15 and immediate suburbs, within the hour!
The promotion will run for one month from February 11. Customers can order via; www.quickee.lk / call 0117-324-325 / WhatsApp 077QUICKEE for orders from 9am – 3am 365days a year!
Amorous couples need not delay their pleasure any longer and can enjoy instant gratification (within an hour while they set the mood) with Quickee’s promise – ‘Convenience. Delivered’ – to ensure they enjoy safe and pleasurable sex without having to rush to a store or having to end a promising evening with an anti-climax.
This strategic partnership with Durex by Reckitt Benckiser is the first high-profile corporate partnership for EFL 3PL after its recent management takeover of Quickee.lk, which marks a new business vertical for the reputed 3PL company.
Commenting further, Leroy, Chief Growth Officer, EFL 3PL and Quickee.lk said, “We are excited about this first official partnership with Durex since the 3PL takeover, mainly because of the brand compatibility to deliver gratification without delay. The tongue-in-cheek and youthfulness persona of the promotion makes it a match made in heaven, and I believe it truly unlocks brand potential to achieve the positioning we want for the Quickee.lk brand. Whether it is a ‘quickee’ that customers seek or long periods of pleasure, this promotion fulfills both fantasies.”
Adding further, Mariam, Founder, Quickee.lk Delivery Solutions said, “This partnership with Durex reignites the true spirit of Quickee.lk which is and has always been a trend-setter by going beyond the traditional ecommerce models by offering Rapid Express Delivery, within the hour, to brands and businesses who are used to having only 2-5-day delivery, thereby enabling them to exploit last mile as not only a necessity but a strategic advantage – by offering that much more value to their end consumers.”
Inspired by its tagline, ‘Love Sex, Durex’, the Durex is proactively raising its voice against sexual stigmas, taboos and non-inclusive attitudes with the aim of showcasing the ‘positive reality’ of modern-day sex. By normalising home delivery of condoms, just like food, clothing or electronics, Quickee.lk too is demonstrating that it can deliver almost everything in quick time. More importantly, it is delivered ‘discreetly’, so nosy neighbours have no idea of how you plan to spend your day or night!
Explaining further, Amaya, Brand Manager, Durex said, “We live in a time where everything is delivered to our doorsteps within hours – so we thought why not condoms too? The aim of this partnership is to enable users to order condoms when in urgent situations directly to them anywhere in Colombo, within 60 minutes. We firmly believe that this service will become highly successful in Sri Lanka and that consumers will find it to be really helpful. We hope this service we are launching in partnership with Quickee.lk will benefit many condom emergencies!”
Having safe and consensual sex – wherever you want and whenever your want – contributes towards the overall health and wellbeing of people, and even more so, during the stressful times brought about by the global pandemic.
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Business
Unlimited music streaming platform in Sri Lanka
SLT-Mobitel, the nation’s ICT and Telecommunications Service Provider recently partnered with Spotify, to mark their launch in Sri Lanka. Spotify is a paid premium music streaming app which allows subscribers to listen to music to their hearts content. Both, SLT-Mobitel Post-Paid and Pre-Paid customers will now be able to enjoy Spotify by activating a monthly recurring subscription or one-time subscription plan and access unlimited music streaming and downloading facilities.
The subscription charges will get added to the user’s customary billing, where payment will be deducted in real time. Starting from the payment date, the user will be able to access Spotify and download their favourite songs, for the next 30 days. Users who sign up for their first monthly subscription will receive an additional one month, courtesy of Spotify. The one-month subscription plan is not applicable with one-time subscription plans. SLT-Mobitel data rates, depending on the user’s respective broadband charges, will apply.
Spotify also has some exciting features that will provide SLT-Mobitel customers with the opportunity to listen to ad-free music, access millions of uninterrupted music under one platform, play any song they like, anywhere they go, and also be able to enjoy their music offline.
SLT-Mobitel customers can select their preferred premium package under four categories; Individual, Duo, Family, Student. Each category has recurring and non-recurring plans. After one month of free streaming, the package will activate once the offer period terminates. While both, the Individual and Student premiums are limited to one account user, the Duo package offers two accounts and the Family premium is accessible through six accounts. To view Spotify plans, users can log on to https://spoti.fi/3aLWvce
Business
Sri Lanka using ‘sovereign power’ over economy: CB Governor
by Sanath Nanayakkare
Anyone conversant with the elements of a political economy would know that Sri Lanka is using its ‘sovereign power’ to manage the different dynamics of the economy in a sustainable manner, Professor W. D Lakshman Governor of the Central Bank said on Wednesday.
“Some critics are saying that we adopt a so-called modern monetary theory. That’s not the case. In fact, Sri Lanka is using its sovereign power in a number of economic aspects to honour its external debt repayment commitments as well as to reduce its debt burden in the medium term as well as achieve resilient growth in the medium to long term, he said.
“We make policy decisions to boost our gross foreign reserves, meet our external debt servicing, to facilitate monetary expansion, to boost our GDP growth, to strengthen our current account balance and manage our domestic and external economic variables in a sustainable manner. This is not a modern monetary theory. This is an age-old tool used by central banks around the world when the circumstances demand it, he said.
“Certain trade-offs will be necessary when dealing with an economy which has a big fiscal gap to bridge. There are efforts to push Sri Lanka towards the IMF again which would in turn have influence on our policymaking. We have taken policy measures to stabilize the economy and we have adequate reserve levels to meet our debt repayments. Meanwhile, we are in negotiations with overseas central banks and multilateral agencies to further boost our reserve level and it would materialise within a matter of weeks,” he noted.
“One of the tools the Central Bank has introduced is in respect of repatriation of export proceeds into Sri Lanka and conversion of such proceeds into Sri Lankan rupees in order to strengthen the foreign exchange situation of the country,” he said.
The Governor made these remarks while delivering the keynote speech at a webinar organised by the Veemansa Initiative led by its Managing Director Luxman Siriwardene – the former Executive Director of Pathfinder Foundation.
The webinar revolved round the topic ‘External debt situation in Sri Lanka: Are we heading for a resolution or crisis?’
Professor Sirimal Abeyratne, Prof. Sumanasiri Liyanage, Dr. Nishan de Mel and Dr. Ravi Liyanage were the other speakers on the panel.
Business
CSE on the rebound; indices close positive
By Hiran H.Senewiratne
CSE produced signs of a rebound yesterday with both indices closing positive, though turnover remained low. Central Bank Governor W.D Lakshman’s recent statement on managing foreign reserves gave some boost to the market yesterday, stock market analysts said.
The index experienced a zigzag movement within the early hours of trading; thereafter, it recorded a slight up-trend as it reached its intraday high of 7,439. Later, the market witnessed a down-trend at mid-day, followed by a sideways movement and closed at 7,372, gaining 43 points during the month of February, market sources said.
It is said the banking sector dominated turnover with a contribution of considerable parcel trades in Sampath Bank, Commercial Bank and HNB.
Further, the Commercial Bank’s impressive quarterly results during the recent turbulent period also built investor confidence. Commercial Bank was able to register a18 percent net interest income when other banks were reporting a decline. Its share price increased by Rs. 3 or 3.5 percent. On the previous day, its shares started trading at Rs. 85 and at the end of the day they moved up to Rs. 88. Due to the positive growth results, the bank announced a Rs. 4.40 dividend per share, plus a Rs. 2 script divergent for every share.
Further, Sampath Bank shares also appreciated in both crossing and retail. In crossings its shares appreciated by Rs. 1.At the end of the day they moved up to Rs. 154.50. In the retail market, its shares moved up by Rs. 2 or 1.3 percent. Previously, its shares fetched Rs. 154 and at the end of yesterday they moved up to Rs. 156.
Amid those developments, both indices moved upwards. The All Share Price Index went up by 104.48 points and S and P SL20 rose by 67.78 points. Turnover stood at Rs. 3 billion with four crossings. Those crossings were reported in Sampath Bank, where 3.9 million shares crossed for Rs. 602.2 million, its share price being Rs. 154.50, HNB 375,000 shares crossed for Rs. 39.4 million, its shares traded at Rs. 105, Pan Asia Power 9.5 million shares crossed for Rs. 33.2 million, its shares traded at Rs. 3.50 and Access Engineering 1.2 million shares crossed for Rs. 28.2 million; its shares traded at Rs. 24.
In the retail market top five companies that mainly contributed to the turnover were, Expolanka Rs. 450 million (10 million shares traded), JKH Rs. 205 million (1.3 million shares traded), Browns Investments Rs. 199 million (34.9 million shares traded), Sampath Bank Rs. 191 million (1.2 million shares traded) and Dipped Products Rs. 137.7 million (2.8 million shares traded). During the day 101 million share volumes changed hands in 18046 transactions.
During the day, Expolanka, the biggest contributor to the turnover, saw its share price appreciating by Rs. 6.20 or 15 percent. Its share price quoted on the previous day was Rs. 41 and at the end of trading yesterday it moved up to Rs. 47.
Sri Lanka’s rupee quoted wider at 193.50/195.50 levels to the US dollar in the spot next market on Thursday while bond yields remained unchanged, dealers said. The rupee last closed in the spot market at 194.50/195.00 to the dollar on Wednesday.