Items filtered by date: October 2016

Colombo, Sri Lanka, 31 October 2016 – Microsoft recently hosted a Supplier Communication and Compliance Awareness Session to educate and update suppliers the company frequently engages with, on the company code of conduct expectations. Microsoft is committed to ensuring trust and protection in compliance with suppliers and their employees, agents, and subcontractors.

Valued suppliers attended the compliance briefing at the Microsoft Sri Lanka office. The session was conducted by Jacqueline Koh, Senior Procurement Engagement Manager Indonesia, Malaysia, South East Asia New Markets, Microsoft while Brian Kealey, Microsoft Country Manager for Sri Lanka and Maldives delivered the key note.

“As digital transformation takes over, more companies are moving to the cloud and licensing agreements are lost in translation. By equipping valued suppliers with the right knowledge on compliance, we at Microsoft hope to influence a wide network, ensuring the digital transformation happens ethically and within the company’s affirmations,” said Brian Kealey.

Published in ICT

As one of Sri Lanka’s leading textile manufacturer, having completed the initial Rs. 1 billion expansion program, South Asia Textiles as now decided to embark on another very ambitious expansion programme to infuse the very latest state-of-art textile technology and machinery into its existing factory. This investment is likely to exceed US$ 3 million at the initial stage.

Some of the machinery to be introduced will be the aerodynamic Air-Flow textile dye machines with absolute minimal usage of water, a continuous washer which saves water consumption up to 40% of the regular usage and a modern fully automated 10 chamber stenter which enhances efficiency and quality of the fabrics produced.

South Asia Textiles CEO/MD Mr. Prithiv Dorai noted that the plan has been set up to make the entire factory a Green Project within one year, thus making South Asia Textiles the first Textile Manufacturer to go green. Two large bio-mass and fossil fuel fired THERMIC & STEAM boilers have already been installed providing steam and heat generation for dyeing and finishing divisions.

Whilst recording a strong growth rate, several areas of expansion coupled with installation of latest technology and a process improvement has been the company’s main objective. Success in achieving ZERO DISCHARGE OF HAZARDOUS CHEMICAL (ZDHC) has added strength in keeping with international requirements and standards.

According to South Asia Textiles CEO/MD Mr. Prithiv Dorai, the year 2018 will be landmark year for the company as the ground work has begun for absolute Zero Discharge be achieved.

South Asia Textiles is the only weft knitted fabric manufacturer in Sri Lanka to produce over 400 qualities with a specialty in achieving the lowest shrinkage standards in the Industry. Its customers comprise world-leading brand names such as Victoria Secret, Next Plc, Marks & Spencer, Tesco, Calvin Klein, Decathlon and Adidas, to name just a few. South Asia Textiles is a subsidiary company of LCI GROUP.

Published in Economy & Commerce

A regional leader in Restaurant Management Solutions, OMAK Technologies, is gearing up for aggressive push into ASEAN markets, having secured Rs. 85 million in investments. This new round of investment was led by BOV Capital, a Sri Lanka- and Singapore-based venture capital firm that invests in Sri Lankan technology-oriented ventures looking to grow regionally or globally.

With its start in Sri Lanka in 2012, OMAK Technologies is a fast-growing Restaurant Management Solutions provider operating a SaaS (Software as a Service) model. Its flagship offering, OMAK POS 360, is a fully integrated suite of solutions that covers all aspects of a restaurant's operations, from increasing revenues, to minimizing costs and identifying unnecessary wastage. To date, OMAK Technologies solutions are currently deployed at a number of F&B outlets in Sri Lanka, Indonesia, Maldives and Australia. OMAK Technologies also holds the honour of having been recognised as the “Hottest Sri Lankan Start Up” in 2015 by Roar.lk and was the first runner-up at Venture Engine 2014.

Said OMAK Technologies CEO Ehantha Sirisena, "Having secured significant funding, OMAK is all set to aggressively grow its footprint across South East Asia. We are particularly excited that a well-known regional player like Singapore- and Sri Lanka-based BOV Capital believes in us so strongly that they have singled us out for both investment and advice, aiding us in many ways in our regional and global expansion plans."

Also importantly, BOV Capital's commitment to the evolution of OMAK Technologies fulfills the venture capital firm's mission to invest in Sri Lankan ventures focusing on technology-oriented exports. In fact, BOV Capital's stated purpose has always been to empower trailblazers who inspire, with the core idea being to invest in extraordinary entrepreneurs and unique technologies geared to re-define the next era of innovation, growing them internationally.

Said BOV Capital General Partner Prajeeth Balasubramaniam, "OMAK Technologies and Ehantha and his team are smart and dedicated, with the drive to achieve impressive results. Their hard-won successes in large markets like Indonesia are a testament to their versatility and commitment. My partners, Eric Wikramanayake and Rajan Anandan, and I are pleased to be able to invest in this success story, helping them in any way possible for their continued success and growth in ASEAN and beyond."

Published in ICT

JLanka Technologies, the premier solar solution provider in Sri Lanka was awarded the FLAME Entrepreneur Award 2016 in the Eco Business Category during a prestigious awards gala on last week, at Galle Face Hotel Colombo.

With renewed focus on reviving a culture of new thinking and risk-taking among Sri Lanka’s mid segment entrepreneurs, the FLAME Entrepreneur Awards organized by the Western Province Councilaims to positively impact long-term economic growth in Sri Lanka, boosting productivity and efficiency across entrepreneurial business ventures.

JLanka, as a pioneer in the local energy industry, is investing heavily in providing innovative and sustainable energy solutions across the country. Driving a revolution of renewable energy consumption in Sri Lanka, the company has introduced numerouscustomized solar solutions to suit any type of consumer based on their financial feasibilities. As a novel concept, the company also introduced energy storage to the country, with rechargeable batteries that can be charged off-peak and utilized during peak times, reducing both consumer bills and the demand on the national electricity grid.

During the last six years, JLanka’s solar installations have generated over 10MW of electricity. This power is inclusive in the company’s annual contribution of 13GW hours of energy to the Sri Lanka national grid. The number of bulbs powered by JLanka is a staggering 41,454,545. Additionally the company’s ecofriendly practices has seen over 18,000 trees and saplings planted across the island with 5,390 tons of CO2 emissions saved per year, making JLanka the deserving winner of the FLAME Entrepreneur Award 2016 in the Eco Business Category.

The credibility that the company has achieved is recognized and endorsed by most of the major commercial and state banks in the country, offering solar loans and credit card facilities for JLankasolar installations.

“We are extremely thrilled with this recognition,” commented Mrs. G. Jayasoma, Director Operations of JLanka. “As a company our main focus is to empower consumers with new and innovative ways of reducing power consumption and saving energy. To have our efforts recognized is always a good reason to celebrate, but most importantly, it also gives us the encouragement we need to journey forward in the same direction.”

Making giant strides to continue as a sustainable business to all stakeholders, the company is now diversifying into providing solutions in Smart Technologies such as Work Process Optimization, Preventive Maintenance, Smart Transportation, Energy Efficient Buildings and Industry Automation, catering to their rapidly growing domestic and commercial client base.

Published in Achievement

An exciting new online design and print ordering resource has been unveiled in Sri Lanka by Print Point (Pvt) Ltd., a leading on-demand, quick-print digital printing specialist.

Anythinginprinting.com (www.anythinginprinting.com) the new Web2Print portal enables customers to design anything from a visiting card to a 10-foot large-format banner by customising templates on the site, entering their specifications, calculating the print cost, and confirming and paying for the job, all from the convenience of their homes or offices.

The printed material can be picked up from the Print Point office at Union Place, Colombo 2 or be delivered to the customer’s address. According to the owner of the service, the process can result in up to 70 per cent faster order turnaround when compared with working with a graphic designer and visiting the print outlet.

The site can also be accessed and used via a smartphone with no loss in functionality, the company said.

“This facility is perfect for small, urgent print jobs of individuals and corporate entities because it saves time, costs and hassle,” said Ashan Abeyesundere, Chairman and CEO of Papyrus Corporation, the company that owns Print Point and Anythinginprinting.com. “It is also very useful for repeat printing because the system allows users to save their artwork for later use.”

He said the complete range of printing services on offer at Print Point’s new purpose-built digital printing facility at Union Place can be accessed by the web portal. Print Point is equipped to produce visiting cards, letterheads, brochures, flyers, leaflets, certificates, books, plastic identification cards, invitations, event IDs, posters, envelopes, desktop calendars, menus, ticket books, promotional stands, pennants, banners, ‘X’ stands, pull-up stands, outdoor stickers, light boxes, wedding cards, artistic canvasses and personalised mugs and also offers book binding services.

“We believe that web2print is the future of quick printing in Sri Lanka, as has already been proven in many parts of the world,” Mr Abeyesundere added. “People’s lives are getting busier by the day and the hassle of negotiating Colombo’s traffic alone is enough to motivate them to use an online portal.”

Print Point (Pvt) Ltd. is a fully-owned subsidiary of Papyrus Corporation which also owns companies such as JAMPhoto, the company that pioneered the production of digitally printed Photobooks in Sri Lanka and is the undisputed leader in the segment, and Papyrus Papers which has established itself as the market leader with a 70 per cent share of the country’s Fine and Specialty Papers market. Ashalin Investments (Pvt) Ltd. is the Group’s property management company.

Published in Marketing
Page 1 of 62