Business

Singer Sri Lanka showcases widest range of energy-efficient refrigerators

Published

4 years ago

2023/03/3

Singer Sri Lanka, a pioneer in the consumer electronics industry, has introduced a range of cutting-edge technological innovations to its line of eco-friendly refrigerators. These innovations are setting a new standard in the market and helping consumers save both money and energy. This coincides with the pilot refrigerator replacement project initiated by the Sri Lanka Sustainable Energy Authority (SLSEA) on February 17th, 2023. The project introduced a Minimum Energy Performance (MEP) label to 15 models of refrigerators offered by three major appliance vendors in the country, out of which Sisil brand under SINGER comprises of 9 models. This enables customers to identify energy-efficient products at the point of sale by display of energy usage information. The objective of the program is to progressively reduce energy consumption by encouraging energy-efficient products and discouraging energy-wasting products in the market, thereby forcing out obsolete refrigerators from the grid.

Singer Sri Lanka has been at the forefront of technological innovations in refrigeration. One of the key features of Singer/Sisil refrigerators is the use of R600a refrigerant, which was introduced by Singer Sri Lanka approximately ten years ago. This environmentally friendly refrigerant has since become the standard in the South Asian region, with other vendors & brands following suit. Singer/Sisil refrigerators are also among the most efficient and energy-saving on the market, boasting an impressive A+++ rating.

Kelum Kospelawatte, the Factory Director of Singer Sri Lanka, stated that the company has always been ahead of the game when it comes to technological innovations in refrigeration. Kospelawatte stated, “To my knowledge, there were no special modifications required. We had the required technology in our refrigerators all along. Singer/Sisil refrigerators have always conformed to the standards set by the Sri Lanka Sustainable Energy Authority. In fact, Singer and Sisil refrigerators don’t just conform to high standards, we often exceed them.”

Singer/Sisil refrigerators also come with several other features that set them apart from the competition. For example, they are designed with specialties such as “Inverters”, “No Frost” and “Direct Cool” and are available in single-door and two-door models with a wide range of designs and capacities. The coolant used in Singer/Sisil refrigerators is Hydrocarbon – R600a, the best refrigerant available in the market. Additionally, these refrigerators are equipped with an environmental temperature sensor that adjusts the temperature simultaneously with the temperature of the room, further conserving energy.

The trend among consumers towards purchasing refrigerators that use natural coolants such as R600a is growing. Thus, consumers who are currently using refrigerators with old refrigerants, and models older than ten years, should consider upgrading to a new Singer/Sisil refrigerator to save on their electricity bill and help save the environment. Overall, Singer Sri Lanka’s commitment to eco-friendly refrigeration technology is making a significant impact in the industry. Their Singer/Sisil refrigerators not only conform to high standards but often exceed them, making them the top choice for consumers looking for an energy-efficient and environmentally friendly option. With Singer Sri Lanka leading the way, consumers can expect even more eco-friendly innovations in the future.

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Business

ADB approves $100 million loan to boost skills development and jobs for youth in Sri Lanka

Published

5 hours ago

2026/10/2

Thilina Walpola

The Asian Development Bank (ADB) has approved a $100 million results-based loan to help Sri Lanka transform its technical and vocational education and training (TVET) system, equip more young people with industry-relevant skills, and strengthen the country’s competitiveness and inclusive growth.

The Skills Development System Transformation Program will support the Government of Sri Lanka’s efforts in improving the quality and relevance of skills training, strengthening links between training providers and industries, and expanding employment opportunities for youth. The program will increase women’s employment opportunities in nontraditional jobs in fields including automotive technology, engineering, information and communications technology, construction, and renewable energy.

“A skilled workforce is essential to Sri Lanka’s long-term economic transformation and competitiveness,” said ADB Country Director for Sri Lanka Shannon Cowlin. “This program will help create stronger pathways from education to employment by making training more responsive to industry needs, expanding opportunities for young people and women, and ensuring that graduates have the skills required by a modern and evolving economy.”

Though Sri Lanka’s economy is recovering, it faces skills shortages in priority sectors, high youth unemployment, and low female labor force participation. Many employers report difficulty finding workers with the skills needed in a changing economy.

Aligned with the Government of Sri Lanka’s Technical and Vocational Education and Training Sector Strategic Framework 2026–2035, the nationwide program will be implemented from 2027 to 2031 and is expected to directly benefit more than 100,000 young people through improved access to quality, employment-oriented training.

Business

USD 40.84m pipeline to secure aviation fuel supplies to BIA

Published

5 hours ago

2026/10/2

Thilina Walpola

By Ifham Nizam

The government has cleared a USD 40.84 million and Rs. 8,548.75 million contract to build a dedicated aviation fuel pipeline from Muthurajawela to Bandaranaike International Airport (BIA), alongside a massive new fuel storage facility with a capacity of 92,000 cubic metres.

Energy Minister Anura Karunatilaka said the project represented a major investment in strengthening the infrastructure underpinning Sri Lanka’s aviation fuel supply and ensuring more reliable fuel availability at the country’s main international airport.

‘This project will provide the infrastructure required to strengthen the reliability and continuity of aviation fuel supplies to Bandaranaike International Airport, Karunatilaka said.

The contract has been awarded to China Petroleum Pipeline Engineering Company Limited, following an international competitive procurement process in which three bids were received.

The project will see a new aviation fuel storage tank complex constructed at Muthurajawela, together with the associated infrastructure required for handling and transferring aviation fuel.

Business

CSE activity up, turnover weak at Rs. 1.4 billion

Published

5 hours ago

2026/10/2

Thilina Walpola

By Hiran H Senewiratne

Trading activity on the Colombo Stock Exchange (CSE) gathered pace yesterday as global fuel prices began to show signs of easing, according to market analysts.In this context, both indices moved upwards. All Share Price Index up by 67.97 points while S and P SL20 up by 8.30 points.

Turnover stood at Rs 1.4 billion with seven crossings. Those crossings were reported in Sampath Bank 1.7 million shares crossed to the tune of Rs 238 million and its share price traded at Rs 140, Access Engineering two million shares crossed to the tune of Rs 159 million and its share price traded at Rs 79.50, LOLC one million shares crossed to the tune of Rs 129 million and its share price traded at Rs 129, HNB 100,000 shares crossed to the tune of Rs 38.4 million and its share price traded at Rs 384, JKH 1.9 million shares crossed to the tune of Rs 35 million and its share price traded at Rs 18.60, Hayleys 100,000 shares crossed to the tune of Rs 22.50 million and its share price traded at Rs 225 and Richard Pieris 847,000 shares crossed to the tune of Rs 22 million and its share price traded at Rs 25.50.

In the retail market top seven companies that have mainly contributed to the turnover were Sampath Bank Rs 114 million (813,000 shares traded), JKH Rs 100 million (5.3 million shares traded) LB Finance Rs 49 million (325,000 shares traded), HNB Finance Rs 30 million (27 million shares traded), HNB Rs 27 million (70000 shares traded), NTB Rs 25 million (82000 shares traded ) and Lanka IOC Rs 21 million (666,000 shares traded). During the day 65 million shares volumes changed hands in 10433 transactions.

The Banking and manufacturing sector counters performed well. In the banking sector Sampath Bank let the market while manufacturing sector especially JKH also significantly performed well. With the fuel revision Land IOC also a significant stock at the floor.

Meanwhile, First Capital Treasuries said that Ramesh Schaffter resigned as a Non-Independent Non-Executive Director with effect from October 1, to facilitate the restructuring of the company’s board.

Yesterday the Central Bank announced the US Dollar rate as against rupee. The rupee was quoted flat at Rs 330.65/80 to the US dollar in the spot market , while bond yields dropped, dealers said.