People’s Bank Receives ISO Certification

People’s Bank Receives ISO Certification

People’s Bank Sri Lanka

People’s Bank has been awarded with the ISO 9001:2008 accreditations from the Sri Lanka Standards Institution (SLSI) in recognition of the quality of its Trade Service products which enables its customers with a secured and efficient import and export services. The Trade Service department provides a centralised processing mechanism unit for Sri Lanka’s largest commercial banking network with 730 branches and service centres; catering to the needs of a customer base of over 13 million with easy-to-use banking facilities that enable them to venture across borders for import and export transactions from any of the People’s Bank outlets located island wide. 

Quote from Mr. N. Vasantha Kumar, Chief Executive Officer/General Manager, People’s Bank added, “The People’s Bank Trade Services Department have stepped up the game in export and import services by obtaining the ISO 9001-2008 certification; servicing the largest network of 730 branches island wide, we are determined to serve our customers better by implementing service standards on par with international standards. I must thank our Trade Services team that have worked tirelessly to ensure that we met all the requirements set by the Sri Lanka Standards Institution, to enable us to serve our customers better.”   

The stringent criteria set by the SLSI were all met at the highest order by the staff and systems implemented at People’s Bank to obtain the ISO 9001-2008 certification. The systems implemented empower the staff to process letters of credit,  post  import facilities that include: import bills, post import facilities and foreign and local guarantees and exports products for their customers in an efficient manner.

Speaking at the presentation of the certificate Mr. Lalith Senaweera, Director General Sri Lanka Standard Institution said, “Firstly I’d like to congratulate the team from People’s Bank for receiving the ISO certificate; in today’s business environment the banking industry is rapidly changing, customers are becoming more demanding and there are rapid advancements in technology and regulatory requirements are forever changing, therefore it is a challenge for all banks to keep up with the latest trends. It is essential in today’s context for any organization to adopt proper quality assurance systems to maintain a standard and we are happy to say that People’s Bank Trade Services has met all the requirements to receive ISO Certification to ensure their customers receive the best of service standards.” 

Mr. Jayantha Newnhella, Deputy General Manager, International Banking, People’s Bank added, “Our team at People’s Bank Trade Services have achieved great heights in quality standards today, I am very proud of my team that have put together and implemented the quality standards set by the SLSI. The certification will enable us to improve the operations and increase our standards of delivery. It will also be instrumental in setting up an efficient and service oriented work culture allowing the team to strive and offer the best possible service to all our customers. Such commitment and dedication of our team members will enable the division to maintain and increase the standards of delivery and efficiency of our services in the future.”     

The Trade Services Department provides services for many exporters and importers who are aggressively venturing out across the borders. People’s Bank’s network of over 300 correspondents in 103 countries to give their business the global edge with cutting edge technology, commitment, and decades of superior experience in handling high value transactions our staff is fully equipped to enhance customer value. They enable their customers with speedy settlement of international commercial transactions providing safety for the parties involved.

The AYS Gnanam Construction Training Academy signs MOU with NAITA and receives accreditation from TVEC

The AYS signs MOU with NAITA and receives accreditation from TVEC

 

The AYS Gnanam Construction Training Academy signed a memorandum of understanding with the National Apprenticeship & Industrial Training Authority (NAITA) at a ceremony held at Cinnamon Grand. The Group also received a certificate of accreditation from the Tertiary and Vocational Education Commission (TVEC) for the training programmes being held at The AYS Gnanam Construction Training Academy to empower local masons, ensuring that they receive the proper training and the accreditation to support them.

The Academy is dedicated to the memory of Tokyo Cement Group's founder Chairman, the late Deshamanya A.Y.S.Gnanam. The ultra-modern facility caters for 50 residential trainees and includes a workshop for practicals, a lecture hall, dining hall and dormitory. The Academy is also open to school leavers looking for a career and will offer theoretical as well as practical training. The A.Y.S. Gnanam Construction Training Academy is affiliated to the National Apprentices and Industrial Training Authority and is registered in the Tertiary and Vocational Education Commission (TVEC).

Coca-Cola celebrates World Environment Day 2013

Coca-Cola celebrates World Environment Day 2013

“Give Back Life”

As part of Coca-Cola’s global commitment to sustainabilityof resources, Coca-Cola Sri Lanka celebrated World Environment Day on 5 June 2013. The companyplanned its celebrations around environmental conservation and protection by organising a PETcollection initiative, a debate competition for students and creating awareness on climate protection.

The Company commemorated World Environment Day 2013 by handing over 33 PET collection binsto the Kaduwela Education Zone, to encourage students to collect and recycle plastic waste. Coca-Cola Sri Lanka began the ‘Give Back Life’ project five years ago on World Environment Day in 2008 to support plastic recycling. The project which is being worked out in partnership with the Central Environmental Authority (CEA), the Biyagama Education Division and Kalhari Enterprises, Coca-Cola is taking the mission one step further by inculcating the habit of recycling amongst school children.

Students of the schools in the Biyagama Education Division

The first bin was handed over symbolically to W.L.R.K. Wijerathne, Principal - Munidasa KumarathungeVidyalaya, Kaduwela by Abhishek Jugran – Country Manager Sri Lanka and Maldives, Coca-Cola FarEast Limited. Also present at the event were Palitha Gamage – Programme Officer - National PostConsumer Plastic Waste Management Project - Central Environmental Authority, Aruni Premathilake,Assistant Director - Central Environmental Authority, P.H.C. Manel, Divisional Environmental Officer -Central Environmental Authority,Kaushalya Rajapakse, Managing Director - Kalhari Group and NeelikaTillekeratne, Public Affairs and Communications Manager, Coca-Cola Beverages Sri Lanka Limited

Speaking at the event, Abhishek Jugran – Country Manager Sri Lanka and Maldives, Coca-ColaFar East Limited, stated” Coca-Cola believes in giving back to the communities in which it operates.World Environment Day gives us an opportunity to reaffirm our commitment to sustainability andenvironment protection, outlined in our Company’s  Vision 2020 statement as well as our ‘ME-WEWORLD’ sustainability framework. The PET recycling project “Give Back Life” was designed to managethe growing quantity of PET bottle waste in Sri Lanka. I hope that through our efforts in Kaduwela,Biyagama and other parts of the country, we are able to raise awareness and make some difference to the communities in Sri Lanka.

”Coca-Cola also partnered with the Biyagama  Educational Division to organise an Environment Day Debate Competition for students for the second consecutive year. The commencement of the debatingcompetition was graced by Duleep Wijesekara, Deputy Minister of Disaster Management in thepresence of I. Chandralatha, Divisional Director of Education, Biyagama, Abhishek Jugran – Country Manager Sri Lanka and Maldives, Coca-Cola Far East Limited and Ruwan Kumara, SHEQ Scientificand Regulatory Affairs Manager, CCBSL and Neelika Tillekeratne, Public Affairs and CommunicationsManager, CCBSL. . Students from grades 6-11 participated in the competition with the  themeof ‘Rakimu Api Parisaraya’ (Let’s Protect the Environment), to win the World Environment Day Trophy.

One of Coca-Cola Beverages Sri Lanka Ltd.’s associates, Praneeth Mendis, who was part of aninternational expedition to Antarctica earlier this year with Sir Robert Swan, presented a first-handaccount of his excursion. Detailing his view of the deteriorating conditions caused due to climate changeand the negative effects of global warming, Praneeth discussed ways in which school students couldplay a part in impacting the environment by recycling waste, turning off electrical equipment, plantingmore trees, using water conservatively etc.

Coca-Cola Sri Lanka has  designed various sustainability programs under  the Coca-Cola Company’s global sustainability framework of ‘Me We World’, with an emphasis on Water and sanitation, Climate Protection and promoting Healthy Active Living. Coca-Cola Sri Lanka has a long standing partnership with UNDP and work with them on water and sanitation programs including the Every Drop Matters’ Project, the Kattankudy revitalization project and the conservation of the Kelani River basin. Coca Cola also partnered with Habitat for Humanity, to undertake a revitalization project in Batticaloa in 2011after the devastating floods by revitalizing wells and schools in the area. The Company also promotes grassroots level cricket through the ‘Coca-Cola Cricket Pathway’, a series of cricket camps organized with the Aravinda de Silva Cricket Foundation and Sri Lanka Cricket.

Coca-Cola in Sri Lanka

Coca-Cola in Sri Lanka refreshes thousands of consumers throughout the country with an exciting range of beverages including Coca-Cola, Coca-Cola Light, Sprite, Fanta Orange, Fanta Portello,Fanta Cream Soda, Lion Soda, Lion Tonic Water, Lion Gingerale, Lion Ginger Beer, Schweppes Tonic Water, Minute Maid Orange, Minute Maid Mango, Minute Maid Apple and Minute Maid Mixed Fruit. The Coca-Cola System in Sri Lanka employs more than 700 people. Coca-Cola undertakes a number of community development and sustainability projects as part of the Company’s Vision 2020 Sustainability agenda.

GREY GROUP Sri Lanka appoints new creative head

GREY GROUP Sri Lanka appoints new creative head

GREY GROUP new creative head

In a move to further boost its creative offerings, Grey Group Sri Lanka has appointed creative veteran, Ambar Prakash as its new Creative Director. Reporting to country head, Rachita Dutta, Prakash will be responsible for the overall quality, development and execution of the agency’s client creative agendas. The appointment is effective immediately. 

Prior to joining Grey, the 13-year industry veteran has worked across numerous global creative agencies including Hakuhodo Percept, TBWA/India and DDB Group. During his tenure, he has worked on some of the biggest brands such as Panasonic, Mitsubishi Motors, Yamaha, Henkel, Citigroup, Volkswagen, Schwarzkopf, Future Group and Reliance, just to name a few. Some of his noteworthy campaigns include leading the creative execution for Panasonic’s VIERA launch, WWF’s Earth Hour Campaign in 2010 and 2011, launch campaign for the new brand identity of Crompton Greaves in 2009 and Future Group’s ‘The Great Indian Shopping Festival’. The campaign went on to win ‘Retail Campaign of the Year’ at the Asia Retail Congress Awards, during his stint at DDB Group (then, Mudra Communications).

“Ambar is a seasoned creative whose professional career covers a wide range of brand experience including conceptualizing award-wining brand launches and digital campaigns,” said Rachita Dutta, country head, Grey Group Sri Lanka. “We are very pleased to have him on board and I am confident that his experience and talent will only further boost our creative offerings to our clients,” she continued. “Grey offers an exciting prospect of working with some of the best brands in the world,” said Prakash. “I am looking forward to working with Rachita and the team to produce famously effective campaigns that will take the agency to the next level.”

About Grey 

Grey is the global advertising network of Grey Group. Grey Group ranks among the largest global communications companies. Its parent company is WPP (NASDAQ:WPPGY). Under the banner of “Grey Famously Effective Since 1917,” the agency serves a blue-chip client roster of many of the world’s best known companies: Procter & Gamble, GlaxoSmithKline, Diageo, Pfizer, Canon, 3M, Boehringer Ingelheim and Allianz. Grey was featured in FAST COMPANY magazine’s “50 Most Innovative Companies in the World” issue in both 2010 and 2011. In Asia, Grey Group covers 28 cities in 16 countries and manages branding for some of the biggest brands: Mercedes-Benz, Dell, Volkswagen, Qatar Airways, Microsoft, Lenovo and Honda. For information on Grey Group Asia Pacific, 
please visit: www.grey.com/asiapacific.

Tokyo Cement sponsors the All Island Schools Quiz Programme

Tokyo Cement sponsors the All Island Schools Quiz Programme

ALL ISLAND SCHOOLS QUIZ Programme 

The Tokyo Cement Group presents the ALL ISLAND SCHOOLS QUIZ Programme with the intention of promoting the pursuit of academic excellence and stimulating education through healthy competition. The National programme will be coordinated in partnership with the Ministry of Education and produced by Swarnavahini.

The Signing of the MOU to announce the partnership was held at Isurupaya in the presence of the Minister of Education. With 5.2million in prize money on offer, the quiz programme will see the participation of schools across the country.

Sri Lanka looks to give the freedom of getting incoming payments through Paypal

Sri Lanka looks to give the freedom of getting incoming payments
through Paypal

"We have to move with the times"

Sri Lanka is looking to give the freedom of getting incoming payments through Paypal, a cost-effective global remittance and payments system that has helped boost e-commerce in many countries, the current Governor of the Central Bank  Ajith Nivard Cabraal said.
Lack of Paypal incoming remittance had been a key problem for expanding internet based business in Sri Lanka especially small time outsourcing work done through the internet by independent workers.

Sri Lankan's can currently make use of the Paypal system to make payments via their credit cards which results in an outflow of cash but cannot receive cash because the system's accounts are not allowed to be linked to banks accounts in this country.Paypal has expanded worldwide helping make small payments to internet based businesses.

People from USA to Vietnam are using Paypal to run a variety of businesses ranging from selling goods online through ebay.com an auction site running flower delivery businesses and small time outsourcing activities.

"We are looking at it seriously," Ajith Nivard Cabraal Said.

Tokyo Cement’s new frontier - Sri Lanka’s first cement company to offer products online

Tokyo Cement’s new frontier - Sri Lanka’s first cement
company to offer products online

www.tokyocement.lk

Sri Lanka’s premier manufacturer of cement, The Tokyo Cement Group (TKYO), has reinvigorated their online presence with a fresh, new website that facilitates unprecedented access between consumer and cement manufacturer. The launch of this refreshed website will make Tokyo Cement the nation’s first-ever cement manufacturer to offer a direct-to-consumer online retail environment for cement and similar value added products.

Accessible at http://www.tokyocement.lk the website enables customers to order products online with the click of a button. Delivered at no cost to the customer within 48hrs of the order being placed from their factory to your door (within Colombo city limits). This service enables customers – especially
full time workers unable to go to the store during office hours – to deal directly with the company at their convenience, without concerning themselves with “shopping around” or organizing transport.

Tokyocement

Commenting on the launch, Dashantha Udawatte, Marketing Manager of Tokyo Cement Group had this to say: “Cement traditionally is a B2B, which over the decades has allowed us to nurture healthy, reciprocal relationships between us – the manufacturer – and our sprawling dealer network.

However, with the dawn of the information age comes the evolution of the consumer – those that hold corporations responsible for how they act and the quality of what they produce and that take greater personal responsibility for their purchasing.

The concept of selling cement and cement-based products online is to equip our consumers with the information of what different types of cement are used for, their applications and limitations. Our hope is that by helping consumers appreciate and compare the nuances of different types of building materials,
they will be able make informed decisions that are tailored to their needs. So by venturing into this new frontier of online retail, we hope that our refreshed web presence not only conveniences our customers,but informs and empowers them.”


www.tokyocement.lk offers an intuitive interface that guides customers to select the products they need and pay online. Payment methods include direct bank deposit or credit via Visa or Mastercard. The products available for online purchase are Tokyo Super Cement, Premixed Concrete, Tile Adhesives,
Plasters and Flooring or Waterproofing Solutions. The website will also feature a FAQ and an inquiries section to answer any queries from customers. Furthermore, customers are welcome to supplement their web experience with Tokyo Cement’s trilingual hotline number - 011 2030030.

Tokyo Cement Group is the market leader in cement manufacturing and is reputed for its role as innovator and pioneer in adding immense value in cement and other related products. Ensuring it operates in a sustainable manner, Tokyo Cement offers superior quality cement and related products at

competitive prices. It is also the pioneer of the “green cement” concept in Sri Lanka.

Tokyo Cement’s 10 megawatt Biomass clean-energy power plant in Trincomalee is a first of its kind and frees the company from reliance on thermal power generation via the national grid. The company plans to open a similar plant in Mahiyangana which will contribute 5 megawatts to the national grid. Such progressive projects typify the company's approach to its business in terms of positive contributions to both the nation and the environment.

No stranger to being “the first”, Tokyo Cement has set up the country’s first automated cement factory.Coupled with Tokyo Cement’s silent mantra of “setting the standard” they surpassed the low-hanging fruit of local standardisation to become the first local corporation to achieve ISO 14001 Environment Management Systems certification, and the first cement manufacturer to achieve the ISO 9000 Quality Management Systems certification, all while surpassing UNFCCC’s strict protocols to accomplish 40,000tons of Certified Emission Reductions.

Coca-Cola & Habitat for Humanity dedicate revitalized wells and schools in Batticaloa

Coca-Cola & Habitat for Humanity dedicate revitalized
 wells and schools in Batticaloa

Coca-Cola Sri Lanka

Coca-Cola Sri Lanka and Habitat for Humanity Sri Lanka dedicated more than 1700 wells and 4 play schools to the community members and students of Batticaloa today, under a joint community revitalization project. The project was begun in 2011 after the devastating floods in the Eastern Province of the country rendered 1 million people homeless, with 200,000 acres of paddy fields destroyed and 100,000 wells contaminated. The two partners have helped in the clearing of 1783 wells and the rebuilding of 4 playschools, impacting more than 3,800 people in the region.

Neeraj Garg - Vice President, South West Asia & Juice Business,
 Coca-Cola India & South West Asia Business Unit;
 unveiling the commemorative plaque to
open the Navalar pre school in Batticaloa

Mr. S. Giritharan – Divisional Secretary (MN) of Batticaloa; dedicated the Navalar Pre-School in Batticaloa,in the presence of Neeraj Garg - Vice President, South West Asia & Juice Business, Coca-Cola India & South West Asia Business Unit; Sanjeev Kumar - Vice President-Finance, Coca-Cola India & South West Asia Business Unit; Tony Senewiratne – National Director for Habitat for Humanity Sri Lanka, Kapila Welmillage, Country Managers- SABCO, Sri Lanka and Abhishek Jugran, Country Manager-Sri Lanka,Coca-Cola Far East Ltd.
Cleaning the contaminated wells in the affected areas was crucial, since the community depends almost exclusively on these wells for their daily supply of water. The project acquired a unique element when home-owners began providing unskilled labour to help the project teams in their work. This reduced the overall time and the monetary benefits than what was initially planned. The support extended by the community enabled the project committee to complete 1783 wells, versus the 1600 that were initially budgeted for.

Neeraj Garg - Vice-President, South West Asia & Juices, Coca-Cola India & South West Asia Business Unit said, “The Coca-Cola Company has a world-wide focus on sustainability and undertakes a number of initiatives on water, climate protection and promoting healthy living in the community. We believe
that sustainable businesses thrive only amidst sustainable communities. Therefore it is crucial for us to support community initiatives across the world, including in Sri Lanka. We undertake various programs in partnership with organizations like Habitat for Humanity to improve sanitation, hygiene and water conditions.

We are very happy that we have been able to make a positive difference to the lives of people in Batticaloa.We hope we can partner with more organizations in the future as well and impact the society and the environment in more positive, sustainable ways.”

Coca-Cola Sri Lanka and HFHSL not only ensured accessible clean water to people of the region, but also empowered the local community through training programs on water conservation, water preservation and critical, immediate disaster response techniques.

Tony Senewiratne - National Director for Habitat for Humanity Sri Lanka commented - “Habitat for Humanity has been working in Sri Lanka for many years now, yet when we rebuild a school or clean a well,it is the same satisfaction we get – that we have made a difference to someone else’s life. We are very happy that we have brought about a change in the lives of the young children who can now gain access to education through these pre schools. We are glad that Corporates like Coca-Cola are partnering with us and we hope that more and more companies join us in our endeavors.”

The teams also distributed posters to homes, schools and government institutions on water filtration and conservation methods to ensure that the water used by people is not contaminated. A total of 20 training programs were held for community members in 8 villages and 43 training programs were held in schools across the region.

Coca-Cola in Sri Lanka

Coca-Cola in Sri Lanka refreshes thousands of consumers throughout the country with an exciting range of beverages including Coca-Cola, Coca-Cola Light, Sprite, Fanta Orange, Fanta Portello, Fanta Cream Soda, Lion Soda, Lion Tonic Water, Lion Gingerale, Lion Ginger Beer, Schweppes Tonic Water, Minute
Maid Orange, Minute Maid Mango, Minute Maid Apple and Minute Maid Mixed Fruit. The Coca-Cola System in Sri Lanka employs more than 400 people. Coca-Cola undertakes a number of community development and sustainability projects like the Coca-Cola Cricket Pathways to promote healthy active living, water and sanitation projects in partnership with organizations like United Nations Development Programme and Habitat for Humanity and PET collection and recycling with the Central Environmental Authority.

PLC is valued 17th among the “Top 20 Most Valuable Brands” of Sri Lanka

“Top 20 Most Valuable Brands”

PLC is valued 17th among the “Top 20 Most Valuable Brands”
of Sri Lanka

People’s Leasing & Finance PLC (PLC) has scaled up from 21st to 17th among
the “Top 20 Most Valuable Brands”. The rating was revealed as an outcome of the research study in the 05th annual brand valuation edition released by Brand Finance. PLC brand was rated AA- and valued at Rs. 4,265 Million compared to Rs. 3,015 Million in the previous year under the Financial Services (Leasing) sector. The PLC brand is the top brand with AA- rating in the non banking financial services sector while the secound slot in the banking segment has been taken by the parent, People’s Bank with a brand value of Rs.19 Billion.

Also important to note is the steady increase in rating in just four years from 2009 to 2013. The Brands Annual 2013 is published by Media Services (Private) Limited and lists and profiles Sri Lanka’s leading brands. Brands Annual is arguably the most comprehensive analysis of brands in this country the rankings and analyses are compiled by Brand Finance Lanka.

 People's Leasing & Finance

About PLC

Founded in 1995, People's Leasing & Finance PLC (PLC) is Sri Lanka's unshakable leader in the leasing sector. In the past 16 years, People's Leasing has built an extraordinary tradition of excellence in all spheres of leasing and is now the established market leader. PLC’s customers range from individuals to SMEs to blue chip companies in every corner of the island. The
Company has contributed immensely to the country's economic growth and the quality of life of millions of Sri Lankans. The People's Leasing Group has diversified to include five subsidiaries, united under the PLC brand. Customers can now obtain Insurance, Finance, Microfinance and Fleet Management services under one roof.

PLC’s user-friendly product range, nationwide outreach and strong foundation of talented management and staff have made the Company immensely profitable. The Company is now a major contributor to the success of its parent, People’s Bank. As a subsidiary of People's Bank, the group enjoys the strength and recognition of its parent and the flexibility of the private sector.
PLC currently holds a stable outlook with international and local ratings. Ratings as of now stands at Fitch Ratings International (‘B+’ Rating); Standard & Poor’s (‘B+/B” Rating) and Fitch Lanka 'AA-(lka)'.

People’s Insurance Limited launches new website, paving the way for the future

The website being launched

People’s Insurance Limited new website

People’s Insurance Limited, a fully-owned subsidiary of People’s Leasing & Finance PLC, launched an exclusive website dedicated to its customers. The People’s Insurance Website will offer prospective and existing customers comprehensive information about every aspect of the company and its products and services. Easy to navigate, the user-friendly People’s Insurance website showcases the company’s unique insurance products and guides customers on how to identify the product that best suits their needs. The attractively designed website is also accessible on all desktop and mobile devices.

Speaking at the event, Mr. Amaratunga, Chairman of
People’s Insurance Limited

Speaking at the event, Mr. Amaratunga, Chairman of People’s Insurance Limited, commented: “People’s Insurance Limited has been envisaged as an insurance company that will fulfill the rapidly evolving insurance needs of the people and provide them with secure solutions for a lifetime. We have been in operation for the last 3 years and we hope that the milestones we have achieved in that short time showcases our commitment to the people of the country. The launch of our new website marks another step that demonstrates our commitment to building long-term relationships with our customers. Online insurance transactions are becoming the norm and People’s Insurance’s technologically advanced website guides customers to the right solutions, making for a pleasant interaction. We believe that we stand at the threshold of a bright future and that it is time to accelerate our operations to reach out to a wider network whilst being focused on customer responsiveness, professionalism, transparency and accountability. With the solid foundation and support provided by our parent company, People’s Leasing & Finance PLC and ultimate parent, People’s Bank and our continued investment in human capital and advanced technology, we are confident that we are geared to move to the next level.” 

Having commenced commercial operations in January 2010 as a non-life (general) insurance provider, People’s Insurance has pioneered some unique features in its technically advanced website to enhance customer convenience. The website offers a ‘Call me Back’, whereby customers can send in their queries online to the company without having to visit a branch location. The professional team at People’s Insurance will then follow up on inquires and make necessary updates from the manager tool. This feature will help to boost sales on account of its speed and efficiency, coupled with cost savings to customers. A detailed FAQ section has also been incorporated in the website to educate users on the benefits of insurance and industry specific terms, so that People’s Insurance customers can make an informed decision. 

People’s Insurance has a wide range of products to suit both individual and corporate clients under lifestyle products and business products. Lifestyle products cater to needs of individuals and insurance covers include dwelling fire, home insurance, personal accident and motor vehicle insurance. Business products cater to requirements of corporate clients and insurance covers which include commercial fire, business interruption (consequential loss), plate glass, burglary, fidelity guarantee, machinery/electronic equipment, contractor’s all risks, workmen’s compensation, public liability, motor vehicle, marine (cargo) and goods in transit insurance. 

Established with a vision ‘to be appreciated for building lasting trust based on strength, stability and sustainability’, People’s Insurance operations are backed by international reinsurers with standards approved by the Insurance Board of Sri Lanka (IBSL). Within one year of commencing operations, the company recorded Gross Written Premium (GWP) of Rs. 933 million while GWP exceeded Rs. 1 billion in June 2011. Furthermore, People’s Insurance was the first insurer to achieve Rs. 1 billion within a mere 18 months of operations, posting a Rs. 2.4 billion GWP and generating a profit after tax of Rs. 72 million for the year ended 31st December 2011.

The company recorded an outstanding financial performance in 2012 with an increase in Gross written premium (GWP) of 22% from Rs. 2,415 million to Rs. 2,944 million, which is above the growth rate of the non-life insurance industry estimated at 20%. This growth enabled the company to position itself in the fifth position in the non-life insurance industry in terms of the market share. Further, it recorded an impressive underwriting profit of Rs. 42 million. Meanwhile, Profit after tax increased significantly by Rs. 163 million (226%) from Rs. 72 million to Rs. 235 million reflecting outstanding underwriting results and investment performance. 

These excellent financial results reflect the company’s strong fundamentals and cutting edge strategy to propel itself at the forefront of the insurance industry. The company stands on the solid foundation and support provided by the Group, particularly, People’s Leasing & Finance PLC and People’s Bank, which stands as an epitome of stability, trust and integrity in the domain of finance in Sri Lanka. 

People’s Insurance released its first annual report for 2012 together with its first financial statements which were prepared in accordance with the revised Sri Lanka Accounting Standards (SLFRS/LKAS). The company has focused on setting high benchmarks in all aspects its operations, successfully concluding the implementation of a customised enterprise resource planning (ERP) system, which has automated and integrated its key business processes - underwriting, claims and general ledger across the company, including the regional offices and window offices.

With an aim to serve the country better People’s Insurance recently opened regional offices in both Galle and Negombo and entered into a Bancassurance agreement with People’s Bank that will support the company and help distribute People’s Insurance products and services through the Bank’s branch network, currently ensuring that customers are offered insurance services from over 700 branches island wide. The company has also developed and inaugurated its state of the art call centre equipped with the latest technology. People’s Insurance is truly poised to meet the rapidly evolving demands of its customers.

Coca-Cola wins two prestigious SLIM Nielsen People’s Choice Awards

Coca-Cola wins two prestigious SLIM Nielsen
 People’s Choice Awards

"Youth Beverage Brand of the Year"

Coca-Cola Sri Lanka recently won two prestigious SLIM Nielsen People’s Choice Awards 2013. The Company won the “Youth Beverage Brand of the Year for the sixth consecutive year and for the first time won the ‘People’s Advertisement of the Year’ for its Minute Maid Mixed Fruit Campaign.

"Youth Beverage Brand of the Year"

The People's Advertisement of the Year was won for the Minute Maid Mixed Fruit TV commercial titled Fruit Kottu which was produced by Leo Burnett Solutions Inc. In 2012, Coca-Cola Sri Lanka launched Minute Maid 'Mixed Fruit' packed with the goodness of Mango, Banana, Papaya and Guava, in 200 ml glass bottles across the island country. The TV campaign, a locally shot 45s commercial, is built around a humorous story, brought to life by the loveable and famous Sri Lankan comedian, Giriraj. Minute Maid currently offers Orange, Mango and Apple flavors in Sri-Lanka and is expanding its presence in the country through the fourth variant- Minute Maid Mixed Fruit flavored juice drink.

The SLIM-Nielsen Youth Beverage Brand award is a genuine recognition of consumer’s approval. This recognition gives us all immense pleasure since the results reflect consumers' choice of their most loved brands in Sri Lanka. This is the first year we have won the People's Advertisement of the year and we are very happy that consumers across Sri Lanka have appreciated and voted for our brands. We have won the Youth Beverage Brand Award for the sixth consecutive year and that just validates the connect that Coca-Cola has with the youth. ” said Abhishek Jugran, Country Manager, Sri Lanka and Maldives, Coca-Cola Far East Ltd.

Brand Coca-Cola has constantly tried to connect with the youth of the country. Through campaigns like the Coca-Cola and meals campaign and Coca-Cola Shake up Your Senses Campaign, activations like Coca-Cola's Happiness Truck and the Christmas Caravan, it has stayed relevant to its consumers. The Company has also partnered with the Aravinda de Silva foundation to conduct the Coca-Cola Cricket Pathway camps that connect with the youth at the grassroots level. Through these interventions, Coca- Cola was able to amplify its connect with the youth of the country and won the "Youth Beverage Brand of the Year" for the sixth consecutive year.

About Coca-Cola Sri Lanka

Coca-Cola in Sri Lanka refreshes thousands of consumers throughout the country with an exciting range of beverages including Coca-Cola, Coca-Cola Light, Sprite, Fanta Orange, Fanta Portello, Fanta Cream Soda, Lion Soda, Lion Tonic Water, Lion Gingerale, Lion Ginger Beer, Schweppes Tonic Water, Minute Maid Orange, Minute Maid Mango and Minute Maid Apple. The Coca-Cola system in Sri Lanka employs more than 400 people. Coca-Cola undertakes a number of community development and sustainability projects like the Coca-Cola Cricket Pathways to promote healthy active living, and identify grassroots cricketing talent. It also undertakes sanitation and clean drinking water projects in partnership with organizations like UNDP, and a PET Collection and recycling project with Central Environmental Authority (CEA) and Kalhari Enterprises.

About SLIM Nielsen

Launched in Sri Lanka in 2006, the SLIM- Nielsen People's Awards are conducted annually to recognize the brands and personalities that have left a lasting impact on the people of Sri Lanka. The awards are significant because they allow people to name their favorite brands. The difference in the Peoples Awards is that no person or company can apply for recognition, and instead the winners are those nominated by consumers themselves, thus reflecting actual views of people based on what is close to their hearts and minds. The survey for the SLIM- Nielsen People's Awards 2013 spanned a period of five months: commencing in September 2012 and ending in January 2013, with a total of 2,700 individuals having been interviewed throughout the island

Halal labeling removed from local products in Sri Lanka

Halal labeling removed from local products in Sri Lanka

Issue free Halal

 certification for

 exports

All Lankan producers will no longer carry the Halal logo on their products unless requested by their foreign consumer, the Ceylon Chamber of Commerce said. Meanwhile it was stated that for export purposes companies could obtain the Halal certification free of charge from the All Ceylon Jamiyyathul Ulama (ACJU).

"We are giving up what is important to us. We are making a sacrifice in the interest of peace and harmony," ACJU president Mufti Rizwe said.

Nationalist Buddhist monks(Bodu bala sena) and their supporters had launched a campaign  to boycott halal-slaughtered meat, as well as other products that carry a halal certificate.

The monks argue that Buddhists should not be forced to consume food that is prepared according to Islamic rites, saying it demonstrates the undue influence of Muslims in Sri Lanka.

Gamini Senarath appointed as the Chairman of the Board of People’s Leasing & Finance PLC

Mr. Gamini Senerath - Chairman of PLC

People’s Leasing & Finance PLC

People’s Leasing & Finance PLC proudly announces the appointment of Mr. Gamini Senarath as the Chairman (Non-Independent, Non-Executive Director) of the Board with effect from the 28^th of February 2013. A well reputed officer of the Sri Lanka Administrative Service, Mr. Senarath is well poised to lead the country’s largest non-banking financial institution and the leader in leasing.

Commenting on his new appointment Mr. Senarath said: ‘I am delighted at the challenge to lead this dynamic organisation as the Chairman of the Board. People’sLeasing & Finance PLC, the leader in leasing in Sri Lanka, is poised at the forefront of the financial services sector and is working hard to set new paradigms in the industry. I hope to build and add value to the existing brand while working to ensure that the company rises to the challenges ahead of us.’

A graduate of the University of Kelaniya, Mr. Senarath joined the Sri Lanka Administrative Service in the year 1984 as an Assistant Government Agent. He has also served in the capacity of Assistant Controller and Deputy Controller of the Department of Immigration and Emigration, Senior Assistant Secretary to the Ministry of Transport and Civil Aviation and the Commissioner General of Motor Traffic. Mr. Senerath was appointed as the Chief of Staff to His Excellency the President in the year 2009, after a successful tenor as the Additional Secretary to the Prime Minister and as an Additional Secretary to the President. He was the former Chairman of the Sri Lanka Insurance Corporation and currently holds the post of the Chairman of People’s Bank, Litro Gas Lanka Limited, Litro Gas Terminals Lanka (Private) Limited and Sri Lanka Insurance Resorts & Spas (Private) Limited.

About PLC

Founded in 1995, People's Leasing & Finance PLC (PLC) is Sri Lanka's unshakable leader in the leasing sector. In the past 16 years, People's Leasing has built an extraordinary tradition of excellence in all spheres

of leasing and is now the established market leader. PLC’s customers range from individuals to SMEs to blue chip companies in every corner of the island. The Company has contributed immensely to the economic growth and the quality of life of millions of Sri Lankans. The People's Leasing Group has diversified to include six subsidiaries, united under the PLC’s name. Customers can now obtain Insurance, Finance, Microfinance and Fleet Management services under one roof.

PLC’s user-friendly product range, nationwide outreach and strong foundation of talented management and staff have made the Company immensely profitable. The Company is now a major contributor to the success of its parent company, People's Bank. As a subsidiary of People's Bank, the group enjoys the strength and recognition of its parent and the flexibility of the private sector. PLC currently holds a stable outlook with international and local ratings. Ratings as of now stands at Fitch Ratings International (‘B+’ Rating); Standard & Poor’s (‘B+/B” Rating) and Fitch Lanka 'AA-(lka)'.

Global HR Excellence Awards recognizes Coca-Cola Sri Lanka ‘s efforts towards building capability and promoting people excellence

Global HR Excellence Awards recognizes Coca-Cola Sri Lanka ‘s
efforts towards building capability and
 promoting people excellence

Global HR Excellence Awards

Coca-Cola Beverages Sri Lanka Limited (CCBSL) won four Global HR Excellence Awards at the recently concluded World HRD Congress in Mumbai, India. Coca-Cola Sri Lanka competed against 82 countries to win accolades in 3 corporate categories- Talent Management, Best Employer Brand and Outstanding Contribution to the Cause of Education, apart from one individual category for HR Leadership.

The 7th Employer Branding Awards given by the Employer Branding Institute, recognized Coca-Cola Sri Lanka’s efforts for Talent Management. The Company has undertaken a number of initiatives like Talent Development Committees, which helps the organization to retain and build capability at the plant.


The 8th Recruiting And Staffing Best in Class Award (RASBIC) for 2012-13 awarded the Company for being the Best Employer Brand. Coca-Cola in Sri Lanka is being viewed as a Best Employer for its stringent recruiting practices that allow for the right person to be recruited for the right job. The company believes in promoting loyalty and talent excellence through solid performance management systems including rewards and recognition programs.

The Company received an award for Outstanding Contribution to the cause of Education given by Global HR Excellence Awards, for its efforts towards education in Sri Lanka. The Company has committed to uplift the educational and infrastructural standards of the schools in the Biyagama education zone. The Company has also developed long term relationships with schools in Batticaloa, Ampara, Hikkaduwa, which the company has helped revitalize in the past few years.

The HR Services Manager of Coca-Cola Beverages Sri Lanka Limited, Priyantha Ranasinghe received the prestigious HR Leadership Award for his exceptional leadership and valuable contribution to the field of HR in the country. Under his leadership the Company has been able to attract high potential Management Trainees and developing the HR function to support the business adequately.

Kapila Welmillage, Country Manager, Coca-Cola Beverages Sri Lanka Limited, said: “We are very happy and humbled by the recognition we have received from such prestigious HR organizations. It gives us great satisfaction that the initiatives we have taken for our employees have been recognized and awarded. We congratulate Priyantha on his award and all the work he has done to advance the field of HR in Sri Lanka. Coca-Cola is focused on its people and we will continue to invest in building our HR capabilities.”

Asia’s 50 best restaurants announces best in Sri Lanka, Vietnam, and Indonesia

 asia’s 50 best restaurants announces best
 in sri lanka, vietnam, and indonesia 

Narisawa in Japan named as The S.Pellegrino Best Restaurant in Asia 

• Nihonbashi named as The S.Pellegrino Best Restaurant in Sri Lanka 

• Don’s named as The S.Pellegrino Best Restaurant in Vietnam 

• Mozaic named as The S.Pellegrino Best Restaurant in Indonesia

Asia’s 50 Best Restaurants, sponsored by S.Pellegrino & Acqua Panna and organised by William Reed Business Media,announced the first ever list and individual award winners at a glittering awards ceremony at Marina Bay Sands, Singapore.

Nihonbashi in Colombo, Sri Lanka, is celebrating its success after being awarded The S.Pellegrino Best Restaurant in Sri Lanka, ranked at no. 38 on the list. The brainchild of chef restaurateur Dharshan Munidasa, Nihonbashi brings a tranquil slice of Japan to Colombo. Largely self-taught, Munidasa shares a common heritage through his Japanese mother and Sri Lankan father and learnt most of his skills by watching his Japanese aunts cook home-style dishes.

Asia's 50 Best Restaurants

1. Narisawa, Tokyo, Japan

2. Nihonryori Ryugin, Tokyo, Japan
3. Nahm, Bangkok, Thailand
4. Amber, Hong Kong, China
5. Restaurant Andre, Singapore
6. 8 1/2 Otto e Mezzo Bombana, Hong Kong, China
7. Mr and Mrs Bund, Shanghai, China
8. Ultra Violet, Shanghai, China
9. Iggy's, Singapore
10. Gaggan, Bangkok, Thailand
11. Waku Ghin, Singapore
12. Caprice, Hong Kong, China
13. Lung King Heen, Hong Kong, China
14. Les Amis, Singapore
15. Bo Innovation, Hong Kong, China
16. Quintessence, Tokyo, Japan
17. Dum Pukht, New Delhi, India
18. The Chairman, Hong Kong, China
19. Eat Me, Bangkok, Thailand
20. Wasabi by Morimoto, Mumbai, India
21. Hajime Restaurant, Osaka, Japan
22. Jaan, Singapore
23. L'atelier de Joel Robuchon Hong Kong, Hong Kong, China
24. L'atelier de Joel Robuchon Singapore, Singapore
25. 28 Hubin Road, Hangzhou, China
26. Bukhara, New Delhi, India
27. Sushi Mizutani, Tokyo, Japan
28. Indigo, Mumbai, India
29. Sra Bua by Kiin Kiin, Bangkok, Thailand
30. Varq, New Delhi, India
31. Aronia de Takazawa, Tokyo, Japan
32. Shinji by Kanesaka, Singapore
33. Kahala, Osaka, Japan
34. Franck Bistro, Shanghai, China
35. Osteria Mozza, Singapore
36. Bo Lan, Bangkok, Thailand
37. Robuchon au Dome, Macau, China
38. Nihonbashi, Colombo, Sri Lanka
39. Sushi Saito, Tokyo, Japan
40. FU1015, Shanghai, China
41. Indian Accent, New Delhi, India
42. Ishikawa, Tokyo, Japan
43. Gunther's, Singapore
44. Karavalli, Bangalore, India
45. Jade on 36, Shanghai, China
46. Yardbird, Hong Kong, China
47. Don's, Hanoi, Vietnam
48. Fook Lam Moon, Hong Kong, China
49. Imperial Treasure, Singapore
50. Mozaic, Bali, Indonesia

Asia’s 50 Best Restaurants sponsored by S.Pellegrino & Acqua Panna Asia’s 50 Best Restaurants provides a credible and trusted list that is dedicated to the restaurant industry in Asia and voted for by peers and luminaries in the culinary profession. The results of the awards and Asia’s 50 Best Restaurants list is available at www.theworlds50best.asia. There will be a standalone Asia’s 50 Best Restaurants guide available from 26 February.

SLT Group 2012 Operating Profits up 19% to Rs.6.17billion

SLT Group 2012 Operating Profits up 19% to Rs.6.17billion

SLT financial results for the year 2012

The Premier integrated telecommunication service provider, Sri Lanka Telecom PLC. (SLT) announced its group and company financial results for the year 2012, notching Rs. 6.17bn Group Operating Profit, a growth of 19% Year on Year (YoY). Despite the gain on foreign exchange translation in the second half of the year due to the appreciation of the rupee against the first half, cumulative translation loss on exchange for the full year has diluted the Group Profit before Tax (PBT) and Profit after Tax (PAT).
On a normalized basis (without exchange loss on translation), the group has reported a PBT of Rs. 7.2 bn, an increase of 12% and PAT of Rs. 5.25bn, an increase of 10% YoY. However, after the loss on exchange translation, Group PBT and PAT declined by 3.2% and 10% to Rs 5.97 bn and Rs. 4.04 bn respectively. 2012 has been a challenging year for the SLT Group with the increase in fuel prices, hikes in energy costs and the rise in other input costs which exerted excessive pressure on the profitability of the group. The SLT Group Revenue increased by 10% YoY to Rs 56.77 bn. 

The year marked another milestone for the SLT Group as it published its maiden annual financial statements based on new Sri Lanka Accounting Standards applicable for the financial period beginning 1st January 2012. 

Commenting on 2012 results, the Chairman of SLT Group Mr. Nimal Welgama said “as the country’s premier integrated communication service provider, the SLT Group has been a catalyst of change and transformation in post-war Sri Lanka, truly connecting the entire nation as One Country. One Voice. During the last three years the SLT Group has spent Rs. 42 bn in capital expenditure displaying ourpassion and commitment to the rapid growth of ICT in the country and further strengthening the position of the SLT Group as a key contributor to the ambitious development plans of the government. Operating results of 2012 and investments made in network modernization, capacity and coverage expansion demonstrates our quest and vigor to add value to our stakeholders”

 At company level, revenue increased to Rs. 34.72bn, recording a growth of 8%.This is the highest revenue growth recorded since 2006 which was driven by an impressive growth of the broadband, enterprise data, wholesale, international services and PEO TV businesses. The company posted a PBT of Rs. 4.68 bn and a
PAT of Rs.3.36 bn recording growth rates of 4% and 1% respectively. 

Sri Lanka Telecom Mobitel (Mobitel), the mobile arm of the group recorded an impressive revenue growth of 13% in 2012 despite intensified competition in the mobile telephony sector. In absolute terms, Mobitel recorded revenue of Rs. 24.93 bn in 2012 compared to Rs.22.08 bn in 2011, an increase of Rs.2.85 bn. This growth was realized mainly due to the increase in Mobitel’s subscriber base by 14% which is a remarkable achievement, considering the fact that the voice market has reached 100% penetration by 4Q 2012 according to the Telecom Regulatory Commission of Sri Lanka (TRCSL).

The growth in Mobitel’s subscriber base can be attributed to various factors including Mobitel’s continuous commitment and investments made towards scaling and upgrading its network infrastructure. Completion of the stage VI project in mid-2012 led to significant enhancements in network coverage and capacity that has translated into better customer experience. An innovative product suite, comprehensive service offering and extensive reach to the furthest corners of the island also contributed towards significant growth in subscribers and revenue. Prudent cost management initiatives coupled with measures to enhance productivity contributed to help negate the adverse impact of increased operational expenditure. The company recorded a growth in key profitability indicators EBITDA and EBIT which increased by 21% and 20% respectively compared to 2011. In absolute terms EBITDA reached Rs. 8.28 bn while EBIT was recorded at Rs 3.24 bn. The company EBITDA margin improved from 31% to 33% which further endorses the operational efficiency of the organisation. Thus viewed in the light of the above, during 2012, Mobitel delivered a commendable performance successfully overcoming the challenges encountered, recording PBT (normalised to exclude exchange loss) of Rs. 2.98 Bn and PAT of 2.43 bn, recording growth of 34% and 38% YoY respectively, the highest ever normalised profits recorded. 

SLT Publications, the publishing arm of SLT Group delivered impressive results with a revenue of Rs 516 mn and PBT of Rs 214 mn, recording growth of 25% and 116 % YoY respectively.

Lalith de silva to lead Sri Lanka Telecom as its new group CEO

Lalith De Silva SLT new CEO

Sri Lanka Telecom New CEO‎ 

Sri Lanka Telecom(SLT), the national telecommunications provider, proudly announces the appo­intment of Mr. Lalith De Silva as the new Group Chief Executive Officer with effect from 7th February 2013. De Silva’s position as the Group CEO will see him overlooking the SLT Group Companies excluding Mobitel (Pvt) Ltd. A veteran in IT & Telecommunications, Mr. De Silva has held the position of CEO of Mobitel (Pvt) Limited since 2011 and has also functioned as Director/CEO of Mobitel subsequent to Mobitel’s acquisition by SLT in 2002.

He also served as an Advisor to the Chairman of SLT from 2002 to 2004 and thus possesses a deep knowledge of the group’s operations. Mr. De Silva is ideally positioned to chart the future course of one of Sri Lanka’s most valued brands going ahead. Commenting on his appointment to one of the most coveted and respected positions in Sri Lanka’s corporate sector, Mr. De Silva said: “I am delighted to serve my country as the first local CEO, post privatization in 1997, of our nation’s most trusted flagship telecommunication provider.

I am committed to adding immense value in my new role to better serve my country and the ICT industry. SLT is perhaps one of the most dynamic and innovative companies in Sri Lanka and I am enthused by the challenge of taking it to the next level. The company’s 150­year ­old heritage reflects its deep roots amongst the people of this nation and we hope to thank the people and our partners for their trust and loyalty by rolling out some path­breaking ICT innovations in the near future to enrich their lives and businesses even further. 

I hope to build and add value to the good work that the former CEO of SLT started and I am cognizant of the extremely dynamic and experienced team SLT possesses. We will work together to consolidate the SLT Group’s premier position in Sri Lanka.” The experienced telecommunications professional brings with him three decades of extensive international private sector experience in telecommunications and other business industries. 

His wide­ranging experience has been garnered at IBM in Sri Lanka and Australia and at Saudi Telecom. In the past he has functioned as an advisor to SLT, a Consultant / Board Director at SriLankan Airlines and a Senior Advisor at Saudi Telecom. Mr. De Silva also has the distinction of being the Founder Chairman and President/Chairman of the Project Management Institute of the Sri Lankan Chapter from 2004 to 2009. A graduate in Electronics and Telecommunications Engineering, he is also a Fellow Member of the Institute of Management Consultants,UK.