Business

Hameedia declares ‘Every day should be Father’s Day’ by offering 1,000 gift packs to deserving fathers

Published

3 years ago

2023/06/22

Hameedia, Sri Lanka’s leading menswear brand synonymous with style and quality, is celebrating Father’s Day by offering 1,000 special gift packs to fathers from all walks of life.

Hameedia invites the general public to nominate fathers, with a brief description in any language as to why he is special, by sending all submissions via direct messages on Hameedia Facebook or Instagram or by emailing marketing@hameedia.com. After a grand draw, 1,000 deserving fathers will be rewarded with an exciting Hameedia gift pack that is sure to bring joy into their lives.

There is no doubt parents undergo great hardships to raise their children. They ensure that every aspect of their child is taken care of including health, education, food, clothing and more. As these children grow up, they pursue higher studies, obtain jobs, get married, build homes, buy vehicles and start their own families. During the process of achieving such life goals, often the parents are sidelined and sometimes even neglected to the point where they live the rest of their years struggling to come to terms with how poorly their children are treating them and often end up depressed and unhappy. Understandably, parents from underprivileged communities undergo even more hardships during their life journey. Through this timely initiative, Hameedia aims to create awareness of the immense contributions made by fathers in bringing up children and how there must be a consistent effort by the children to take better care of these individuals and appreciate them daily or as often as possible.

Hameedia’s Managing Director Fouzul Hameed stated, “Parents go through great pain and suffering to bring you up in life. Once a year celebrations such as ‘Mother’s Day’ and ‘Father’s Day’ are fine but what we must all remember is to celebrate them every day in our own little way. Even a small gesture of love, kindness and caring is enough to brighten up their lives and we must make it a habit to pay special attention and appreciate them regularly. Every religion teaches about the importance respecting elders and taking good care of parents especially when they’re old and feeble. Parents also have the responsibility of bringing up children in a way where they learn to respect elders and won’t abandon or neglect parents. Even if our modern, busy lifestyles leave us with little time, we must find a way to look after them well and give them all the resources to live happy, comfortable lives. That is why I firmly believe that ‘Every day should be Father’s Day’ and not merely celebrate them once a year.”

Established in 1949, Hameedia has grown to become leaders and trendsetters in the Sri Lankan retail fashion industry having always delivered expert custom tailoring and the best in men’s fashion. Hameedia is a multi-brand retail store that offers customers optimal satisfaction in terms of a world-class retail experience and high-quality products merged with global trends. Hameedia’s collection of quality menswear brands include Envoy London, Le Bond, Signature, Roseavelt, Van Heusen, Louis Philippe, Park Avenue, Raymond, and Adidas.

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Business

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

Published

15 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

15 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

15 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.