Business
ISMM International Seminar on October 24, 2022 at the Shangri-La
The Institute of Supply and Materials Management (ISMM) came into being on 24th October 1972. Accordingly, we are celebrating our 50th Anniversary on 24th October 2022 and to coincide with this event ISMM will be organizing a Full Day International Seminar on 24th October 2022 at the Shangri-La Hotel, Colombo, where eminent scholars in the supply chain profession, both local and foreign are scheduled to attend. The theme selected for the Seminar is “Elevating the economy through innovative and sustainable supply chain solutions”.
The Institute of Supply and Materials Management (ISMM) is the only national body in Sri Lanka in the field of supply chain management. ISMM was incorporated by Act of Parliament No. 03 of 1981 on 29th January 1981. In 1980 ISMM was affiliated to the International Federation of Purchasing and Supply Management (IFPSM) based in UK. IFPSM is the world body encompassing 45 National Associations having over 250,000 Supply Chain Management professionals engaged in different sectors and levels. In recognition of its expertise the ISMM was able to obtain the membership of the Organization of Professional Associations of Sri Lanka (OPA) on 3rd September 1976. Since then, ISMM plays a vital role in OPA activities. ISMM is also registered under the Tertiary and Vocational Education Commission (TVEC) under reference P01/0160. In 2001, ISMM was affiliated to the International Trade Centre (ITC) and licensed to conduct its MLS-SCM programmes in Sri Lanka and in 2014 ISMM was able to obtain the ISO 9001 Quality Management System Certificate from the Sri Lanka Standards Institution (SLSI).
ISMM has been the Diploma awarding National Body for the last three decades awarding Graduate Diploma and Advance Diploma, in addition to conducting other Professional Courses namely Certificate and Management Courses adding more than 10,000 professionals to the profession of Supply Chain Management in Sri Lanka on a national scale including the government sector, tri forces and police. In 2010, ISMM launched the 3-year Graduate Diploma in Purchasing and Supply Chain Management (GDPSCM) programme with a dissertation. This Programme contains 120 Credits, and it is designed equivalent to a Special Degree. As at present, ISMM conducts the following courses at the operational, supervisory middle and senior management levels:
Graduate Diploma in Purchasing and Supply Chain Management (English)
Advance Diploma in Logistics and Warehouse Management (Sinhala & English).
Advance Diploma in Purchasing and Logistics Management (Sinhala & English).
International Diploma in Supply Chain Management (English).
Course in Stores Management (Sinhala & English).
Course in Purchasing Management (Sinhala & English).
Course in Shipping, Air Cargo and Containerization (English).
Certificate Course in Project Management for Supply Chain Professionals (English).
Certificate Course in Government Tender Procedure (Sinhala)
Certificate Course in Import and Export Procedures (English)
Certificate Course in Storekeeping (Sinhala)
In recognition of the increasingly crucial role played by ISMM in the development of the supply chain profession in Sri Lanka, the Department of Public Administration by its Circular No 46/09 (1) of 20.06.1994 recognizes the Corporate Membership of the ISMM as equivalent to a First or Second Class Degree in the field of Supply and Materials Management awarded by a recognized University in the recruitment and promotional process.
ISMM’s main thrust of activities from the inception was the training of supplies personnel at all levels. ISMM has trained more than 10,000 practitioners in the field of procurement and supply chain management. There are more than 1,000 Diplomates who have successfully completed Diploma Courses conducted by ISMM which enjoys a wide recognition in all sectors having a heavy input of procurement and supply chain activity. Training is also given at grassroots level and over 10,000 Stores personnel, including Storekeepers, Stores Managers and over 6,000 officers engaged in Purchasing, Inventory Control, Import & Export Trade, Shipping and Clearance work have successfully undergone training so far.
The extensive range of services rendered by ISMM include the up-to-date training programmes, seminars, workshops, conferences, discussions, members days, lectures, consultancy services and annual get-togethers. ISMM is strengthened by a professional membership who has wide knowledge on Supply Chain Management. President, Office Bearers and Council Members are selected by the members at the Annual General Meeting. Council of Management includes the Past Presidents of the Institution. In its recognition of the education and experience in the field of Supply Chain Management, ISMM membership is awarded to the professionals and Institutions in the following sequence:
Fellow Members
Life and Corporate Members
Associate Members (Non-voting members)
Affiliate Members (Students)
Institutional Members (Institutions)
Supply Chain Management is a fast-developing field of management, having a major influence on economic development and trade both at domestic and international levels. Globalization and regionalization are taking pride in international trade and development of competition is taking precedence over other factors as the driver of business. The benefits of Supply Chain Management are immense and to name a few; higher productivity, reduce cost, raise output, raise efficient/effective levels, boost cooperation, lowers delay in processes and enhances the effectiveness of Supply Chain Networks.
It is pivotal that Supply Chain Management has taken an imperative role with the Sri Lankan Government development plan to procure and manage scares resources wisely with limited money available. As it is leading private sector organizations in Sri Lanka has employed most of our highly skilled professionals to manage the high spend of the organisation by understanding the importance of the effective and efficient management of Supply Chain. The impact of supply chain will be felt in all activities and no institution could carry on with its activities devoid of material resources. As a result, the role of purchasing and Supply Chain Management is assuming a strategic role for the progressive development of the country.
ISMM Office and the Training Directorate is housed at the Organisation Professional Association Premises, Professional Centre, No. 275/75, Prof. Stanley Wijesundara Mawatha, Colombo 07, and for further information you can visit the website www.ismmsrilanka.com
Business
Successful government securities auctions anchor yield curve amid subdued trading
The secondary market yield curve remained broadly stable during the past week as subdued trading activity persisted around the Treasury Bond auction. Meanwhile, weighted average yields at the weekly Treasury Bill auction recorded declines across all tenors, First Capital Research stated in its latest weekly report.
According to the report, secondary market activity opened on a cautious note with selling interest emerging ahead of the T-Bond auction, causing a slight upward adjustment in yields amid moderate trading volumes. As the week progressed, investor participation remained muted, with market participants largely staying on the sidelines in anticipation of the auction, keeping the yield curve broadly unchanged.
Following the successful completion of the bond auction, the market witnessed mixed sentiment, with selling pressure concentrated at the short end and buying interest emerging in longer-dated maturities. However, activity remained subdued, and the yield curve largely held its ground through the weekend.
At the Treasury Bond auction held on July 13, 2026, the Public Debt Management Office (PDMO) successfully raised the full offered amount of LKR 150.0 billion. This comprised LKR 70.0 billion through the 2030 maturity, LKR 50.0 billion through the 2034 maturity, and LKR 30.0 billion through the 2037 maturity, at weighted average yields of 11.57%, 12.04%, and 12.58%, respectively.
Similarly, at the weekly Treasury Bill auction held on July 15, 2026, the PDMO raised the full offered amount of LKR 120.0 billion. The 3-month, 6-month, and 12-month bills raised LKR 55.0 billion, LKR 35.0 billion, and LKR 30.0 billion, respectively. Weighted average yields declined across all tenors, with the 3-month bill easing by 8 basis points (bps) to 10.13%, the 6-month bill by 3 bps to 10.27%, and the 12-month bill by 1 bp to 10.20%.
On the external front, the Sri Lankan Rupee (LKR) depreciated against the US Dollar, closing the week at LKR 336.3/USD compared to LKR 334.7/USD seen previously. Market liquidity within the banking system expanded significantly, starting the week at LKR 125.89 billion and closing higher at LKR 157.19 billion.
Thus the market data may highlight a clear divergence between short-term liquidity comfort and long-term caution, which points toward a gradual steepening of the yield curve in the near term.
The emergence of buying interest in longer-dated maturities (2034 and 2037) shows that institutional investors are eager to lock in double-digit yields while liquidity is high. This institutional support will likely place a temporary ceiling on long-term rates.
The mild depreciation of the rupee (moving to LKR 336.3/USD) acts as a cautionary counter-signal. If the currency continues to face pressure, it could limit how far short-term yields can fall, flattening the curve back out.
Business
CSE sees lack of investor participation, market turnover remains thin
The Colombo Stock Exchange (CSE) witnessed a quiet trading session on Friday, with the benchmark All Share Price Index (ASPI) edging marginally lower down by 42.16 points or 0.20% to close at 21,405.41.
Market turnover remained thin, coming in at Rs. 0.72 billion (approximately US$ 2.2 million), reflecting a general lack of investor participation as most sectors encountered downward pressure.
A total of 31.94 million shares changed hands across 13,397 trades, resulting in a negative market breadth where declining counters outpaced gainers 127 to 91. Blue-chip counters Sampath Bank PLC (SAMP), Lanka IOC PLC (LIOC), and John Keells Holdings PLC (JKH) anchored the day’s market turnover, while a notable off-market crossing was recorded in Chevron Lubricants Lanka PLC (LLUB). Trading volume in SAMP alone was highly concentrated, accounting for 12% of the day’s total turnover.
Sector performance remained mixed, with the Banking sector emerging as the most actively traded, posting a modest gain of 0.18%. The Health Care Equipment & Services sector secured the spot as the day’s best performer, rising by 0.55%.
Conversely, the Household & Personal Products sector faced the steepest decline, dropping 1.95% to finish as the worst-performing sector of the day. In terms of individual movements, Blue Diamonds Jewellery Worldwide PLC [Voting] (PINS.N) led the gainers, advancing by 6.11%, while Agstar PLC (AGPL.N) emerged as the top loser, shedding 9.09%.
By Hiran H. Senewiratne
Business
Going Green in Kirindiwela: Ceylinco Life begins work on 36th company-owned building
Ceylinco Life has commenced construction of its 36th company-owned branch building with the laying of the foundation stone for a new eco-friendly edifice in Kirindiwela, reaffirming the life insurance market leader’s continued investment in sustainable infrastructure and enhanced customer service.
The ceremony was attended by Ceylinco Life Chairman Mr R. Renganathan, Managing Director/CEO Mr Thushara Ranasinghe, members of the Board of Directors and senior management of Ceylinco Life, alongside valued customers and distinguished invitees from the Kirindiwela area.
Driven by its commitment to delivering superior service in a welcoming and customer-centric environment, Ceylinco Life has consistently invested in purpose-built branch buildings that serve as flagship locations. The Kirindiwela branch will join a network of 35 such company-owned buildings currently in operation across the country, each designed to offer elevated standards of service and modern facilities.
The new building will be constructed on company-owned land and developed in line with the Company’s green building concept, incorporating environmentally responsible design principles and energy-efficient technologies.
Spanning a floor area of 3,440 square feet, the Kirindiwela branch will utilise locally developed prefabricated construction technology from the National Engineering Research and Development Centre (NERD). The building is planned to operate on a 100 per cent self-sufficient solar electricity system, eliminating reliance on the national grid.
Key sustainability features of the proposed building include natural ventilation design, a topography-friendly layout, a green patch with grass grown in between interlocking blocks, energy-efficient air conditioning and lighting systems, and a rainwater harvesting facility. A dedicated Sewerage Treatment Plant (STP) will recycle wastewater for toilet flushing and gardening, while the company will practice the green concept of ‘Reuse’ in air-conditioning and electronic equipment, further minimising environmental impact.
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