Bag Plus has officially opened its flagship store in the vicinity of Maharagama, marking a significant step in its ambition to reshape Sri Lanka’s bag retail landscape by offering a comprehensive and premium shopping experience for travellers and everyday consumers.
Located beside High Level Road, Maharagama, just minutes away from the town centre, the new flagship outlet showcases an extensive range of premium bags, including backpacks, cross-body bags, luggage sets, and a variety of travel accessories designed to enhance user convenience and experience.
The store is designed to deliver a modern and premium retail environment, supported by customer-focused service that guides shoppers through the entire purchasing journey. Bag Plus aims to provide a seamless experience both in-store and online, with a fully developed e-commerce platform complementing its physical retail presence.
According to the company, its sales channels have been optimised to reflect the same level of quality and premium positioning offered in-store, ensuring a consistent customer experience across all touchpoints.
The flagship store also offers access to a curated selection of globally recognised bag brands, allowing Sri Lankan consumers to choose from products known for performance, durability, and style. Bag Plus positions itself as a gateway for local shoppers to access internationally trusted brands and award-winning designs.
With a focus on travellers, the store features a range of luggage options tailored to different needs, including compact sizes for short trips, medium-sized variants for flexible use, and larger luggage sets for extended travel.
Through this expansion, Bag Plus signals its intention to strengthen its presence in Sri Lanka’s competitive retail sector while catering to the evolving lifestyle needs of modern consumers seeking both functionality and premium quality in travel accessories.
Sri Lanka’s Banking Sector Reaffirms Stability and Fraud-Response Readiness
Sri Lanka’s Banking Sector Reaffirms Stability and Strong Security Amid Isolated Fraud Incidents
Sri Lanka’s banking sector has issued a collective assurance that it remains stable, resilient, and secure, despite a few recent isolated incidents of financial fraud, emphasising that such cases do not pose any risk to customer deposits or the overall integrity of the financial system.
While acknowledging that recent incidents have raised public concern, the industry has reiterated that these matters are being addressed comprehensively and that the sector is fully equipped with the necessary safeguards, controls, and response mechanisms to manage and mitigate such risks.
The assurance was conveyed through a statement issued by the Sri Lanka Banks’ Association (SLBA), which represents all licensed commercial banks in the country. The Association highlighted that recent media and social media discussions surrounding fraud and cyber-related incidents should be viewed in the context of a financially strong and well-regulated banking system.
SLBA Chairman Sanath Manatunge stated that while recent reports of financial fraud and cyber-related incidents have drawn public attention, the banking sector remains fundamentally strong and well positioned to withstand such challenges without compromising stability or depositor security.
He noted that although some social media content may be misleading or inaccurate, recent cases—including electronic fund transfer fraud—have raised valid concerns regarding digital security. However, he emphasised that such incidents represent a very small proportion relative to the strong capital buffers maintained by banks.
Importantly, he further assured that customer deposits remain fully secure, with any losses arising from fraud being absorbed through institutional capital buffers rather than impacting depositor funds, reinforcing confidence in the resilience of Sri Lanka’s financial system.
Bag Plus Launches Flagship Store to Transform Sri Lanka’s Bag Shopping Experience
