Items filtered by date: December 2016

The Commercial Bank of Ceylon has strengthened its presence in the deep south of Sri Lanka with the opening of two branches in Deiyandara and Morawaka.

The 254th and 255th branches respectively of Sri Lanka’s benchmark private bank, the two branches were declared open by Commercial Bank Chairman Mr Dharma Dheerasinghe in the presence of the Bank’s Managing Director Mr Jegan Durairatnam, Chief Operating Officer Mr S Renganathan and members of the corporate management.

Both fully-fledged branches offering a comprehensive range of services, the new branches are equipped with one ATM each.

The Deiyandara branch is located at No 51, Police Watta, Deiyandara, and the Morawaka branch at Nilwala Building, Pansalgodalla Watta, Morawaka.

Published in monetary

The nation’s favourite cereal Samaposha, produced from nutritious grain cultivated by Sri Lanka’s own farmers was recently relaunched in an attractive, more colourful and eye-catching pack that revitalizes the popular brand. In addition to the newly designed sachet packs, Samaposha has also introduced a new, bigger 500g family pack to meet the growing demand from busy mothers who need more quantity for greater convenience.

Samaposha is manufactured by Plenty Foods (Pvt) Ltd., a fully owned subsidiary of Ceylon Biscuits Ltd (CBL) and Shammi Karunaratne, Director/CEO of Plenty Foods commented “We are delighted to launch our bright new Samaposha pack in a design that will appeal to families and encourage, especially young children, to readily eat a nutritious breakfast to start the day. This will contribute to a healthier nation. The taste and goodness of Samaposha appeal to both children and adults and we take pride that our well-balanced, easy-to-serve cereal has significantly contributed to improved nutrition in the country.”

Samaposha is made of corn, rice, soya and green gram and contains Vitamins A, B, E and minerals and thiamine that provide much needed, balanced nutrition to the nation’s children helping to make them healthier in mind and body. The ingredients in Samaposha are 100% natural and 100% local. The company has in place a successful backward integration programme which results in a win-win situation for both the supplier and the producer. The farmer is assured of a guaranteed minimum price based on prevailing market rates while the Company is assured of receiving high quality produce for the manufacture of Samaposha.

The extensive out-grower system that provides the raw materials nurtures the livelihood of more than 8,500 farmers and their families, contributing significantly to enhancing Sri Lanka’s rural economy. The Company even has in place a corporate welfare programme providing the farmer community assistance in times of need while supporting and strengthening their livelihood.

Samaposha has received several prestigious accolades for providing a well-balanced, quality assured, wholesome, pre-cooked breakfast cereal which is a boon for busy mothers. Samaposha won the top-rung Gold Award at National Agribusiness Awards in the Large Scale Food Processors category in 2014 and 2015. Samaposha is manufactured using modern machinery and the factory is the only one of its kind to receive SLS certification of quality. Samaposha has also received Good Manufacturing Practices (GMP) certification as well as ISO 22000 and HACCP certifications which are the hallmarks of quality.

Published in Marketing

BMICH was adjudged the Leading Meeting & Convention Venue at The South Asian Travel Awards concluded recently. It is the first ever regional Travel Awards endorsed by Multi National Associations providing the Tourism sector of the South Asian Region with recognition towards their facilities and service excellence. The South Asian Travel Awards aims to encourage and raise service standards of the Tourism industry within the region. The Director/CEO of BMICH, Sunil Dissnayake said “We are proud and delighted to be selected as the leading convention venue in the South Asian region. The award amply demonstrates that BMICH is among the best and most importantly, it is an honour for the country.”

The Award is the first of its kind with affiliations from regional associations ensuring the process within a smooth and transparent procedure. SATA is a concept of the Maldivian company “Highrise” in Collaboration with India and Sri Lanka. The endorsement of organizations from Sri Lanka included Federation of Chambers of Commerce and Industry in Sri Lanka (FCCISL) and Colombo Chamber of Commerce (CCC).

The judging panel consisted of high profile senior retired representatives from each destination with vast knowledge and background of the industry to assure an accurate and fair process. The nominations were open with an initial press briefing at the Sri Lanka Tourism premises amidst the presence of the press and heads of regional associations. The event consisted of 10 segments falling into 39 categories and BMICH Sri Lanka was named the Leading Meeting & Convention Venue.

Offering exceptionally versatile and impressive settings, the BMICH venues are ideal for any occasion, from an intimate dinner to a lavish banquet, business conference or wedding. The purpose built rooms have facilities to suit any setting enhancing any event. All Function Rooms too have also been renamed and primed to deliver a truly exceptional experience. BMICH is the proud winner of Gold Century International Quality ERA Award – Geneva 2016 as well.

Published in Achievement
Friday, 30 December 2016 13:49

A FASTer approach to Stroke at Durdans

Time and Quality Care is Critical in the Diagnosis and Treatment of Stroke

According to the latest WHO data published, Stroke is the second leading cause of death among Sri Lankans and the leading cause of adult disability in Sri Lanka. With the population standing in approximately 21 million, it is predicted that by 2020, around 20% of the population in Sri Lanka will be older than 65 years of age. As stroke commonly occurs in the elderly, there is thus an impending epidemic of stroke in Sri Lanka.

When compared with the other countries in the South East Asian region, while Sri Lanka has shown a marked progress in stroke services over the last one and half decades, there is vast room for improvement of its services for needy stroke patients. The lack of organised stroke care facilities (i.e. stroke units) in public as well as private healthcare establishments is a major problem for the country at present.

Durdans Hospital remains at the forefront of cardiovascular disease treatment, stroke care and prevention in Sri Lanka. The dedicated Durdans Neuro and Stroke Centre, provides specialised care to our patients and their families. Another important part of Stroke care at Durdans Hospital, is that it involves multidisciplinary teams of neurologists, neurosurgeons, interventional radiologists, clinical nurse specialists, registered nurses, therapy and rehabilitation professionals who use multiple clinical possibilities to reduce disabilities and impairments.

“We now can confidently treat stroke patients with the 24/7 coverage at Durdans Neuro and Stroke Centre” said Dr. Nilaksha Kumarasinghe, who is a Consultant Neurosurgeon at Durdans Hospital. “Durdans hospital is a premium tertiary care provider in the private sector which is equipped with all the expertise and equipment for stroke care as well as other Neurosurgical treatments including spinal procedures."

About 90% of strokes that occur in Sri Lanka are ischemic strokes, caused by an obstruction within a blood vessel supplying blood to the brain. In the absence of oxygen, the brain cells in the immediate area begin to die. Understanding risk factors and learning to recognise symptoms can potentially save lives and limit damage.

“When patients come to our emergency department with stroke symptoms, they are quickly evaluated by a neurologist to determine if they are a candidate for acute therapy," added Dr. Stravinsky Perera, who is also a Consultant Neurosurgeon at Durdans Hospital. “In the past few years, we have dramatically improved our process and we now consistently treat patients with Tissue Plasminogen Activator treatment (rtPA) clot-busting medication in less than an hour from their arrival to Durdans Hospital. We have already updated our protocol so eligible patients can be treated as quickly as possible."

If you think you or someone else may be having a stroke, call the Durdans Helpline 1-3-4-4 immediately. Time is essential in the diagnosis and treatment of stroke. There is recovery if you act F.A.S.T. For more information about Durdans Stroke Care, call 011 2 140 000.

Published in Healthcare
Thursday, 29 December 2016 20:30

Amãna Bank opens branch in Old Moor Street

Amãna Bank recently opened a new branch in Old Moor Street, furthering its reach in and around Colombo for customers to access its non-interest based unique banking model as well as strengthen its focus on the country’s SME sector. The new branch located at No 330, Old Moor Street, Colombo 12 was declared open by the Bank’s Deputy Chairman Tyeab Akbarally along with the Bank’s Chief Executive Officer Mohamed Azmeer. The opening was graced by the Bank’s Board of Directors, Senior Management, customers and other invitees.

Commenting on the opening, the Bank’s Chief Executive Officer Mohamed Azmeer said “We are happy to extend our services and offer convenience to our current and potential customers in the vicinity of Old Moor Street, the hub of Sri Lanka’s hardware industry. The Bank’s Strategic Focus is towards enriching and enabling the growth of the SME sector. We are in a time, where the focal point of country’s fiscal and monetary authorities is constantly revolving around the development of SMEs, as they play a significant role to help sustain economic growth, generate employment and nurture entrepreneurship. However SMEs face varied challenges. With a thorough understanding of their limited access to capital, markets and skills, we offer a service proposition that will augment their business to the next level.

Amãna Bank offers variety of products catering to the growing needs of SMEs, including Working Capital Financing, Trade Financing (LC, Document Negotiations, Post Import Finance, Letters of Guarantee), Term Financing and Leasing. With a view of enriching customer convenience, the Bank offers its customers Internet and Mobile banking facilities to Bank in comfort and on the go as well as a Debit Card which has access to 3,500 ATMs island wide and online payment capabilities.

The Old Moor Street Branch also offers the Bank’s award winning Gold Certificate Financing Facility, which was introduced as an alternative for conventional pawning.

Amãna Bank PLC is the first Licensed Commercial Bank in Sri Lanka to operate in complete harmony with the non-interest based Islamic banking model. Fitch Ratings, in October 2016, affirmed the Bank’s National Long Term Rating of BB(lka) with a Stable Outlook. The Bank was recognized as the Best ‘Up-and-Comer’ Islamic Bank of the World by ‘Global Finance Magazine’ at the 18th Annual World’s Best Banks Award Ceremony held in Washington DC, USA. The Bank was also bestowed the coveted title ‘Islamic Finance Entity of the Year 2016’ at the inaugural Islamic Finance Forum of South Asia Awards Ceremony held in July. Powered by the stability and support of its strategic shareholders including, Bank Islam Malaysia Berhad, AB Bank in Bangladesh and Islamic Development Bank based in Saudi Arabia, Amãna Bank is making strong inroads within the Sri Lankan banking industry and is focused on capitalizing the growing market potential for its unique banking model across the country.

Published in monetary
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