Business
SLIM NASCO Awards programme opens entries for 2020/2021 edition
The National Sales Congress (NASCO), organized by the Sri Lanka Institute of Marketing (SLIM), opens applications for the SLIM NASCO awards 2020/2021. All interested parties who look forward to taking part in this most anticipated event in Sri Lanka’s annual corporate calendar, can submit their entries from the 9th of December 2021 to the 21ST of January 2022.
Celebrating its 21st year as the premier event dedicated to recognizing the efforts and performance of sales personnel, while uplifting them to the next level, NASCO is eagerly awaited by Sri Lanka’s dynamic sales professionals who seek to shine on this prestigious platform benefitting both their careers and the human capital profile of the companies they represent.
The only credible and respected award ceremony for sales professionals – SLIM NASCO has become a badge of honour for sales professionals and corporates. The organizers aim to honour the sales professionals whose potential knows no bounds and aims to recognize individuals who have powered through blazing roads to change the game, having conquered the steepest mountains to reach the pinnacle of excellence.
Thilanka Abeywardena, President of SLIM noted, “We recently launched ‘Future Ready Sri Lanka’, a national initiative, with the objective of encouraging Sri Lankans to adapt to the new normalcy, challenge dependent and risk-averse mentality, and enforce an entrepreneurial and innovative mindset through the right skills and knowledge to drive our nation towards economic recovery and prosperity. Since the beginning of the year 2020 and throughout 2021 we, as a nation, faced economic downturns owing to the Covid-19 pandemic and we have had to rethink our business strategies while exploring new opportunities. Over the years, SLIM has engaged in plenty of activities to develop and recognize sales personnel in Sri Lanka. SLIM NASCO is one of the key events in the SLIM event calendar and it strives to support sales professionals to develop and lift them up to the next level. Sales professionals play a pivotal role in the business organization and make a significant contribution to the growth of the economy, and we want to recognize and appreciate their efforts.”
Chinthaka Perera, Vice President – Events at SLIM stated, “The role of sales used to be heavily physical, but now, especially since the pandemic, it has become something entirely different. The sales personnel now make great effort to overcome the challenges posed by this new normal by placing sales at the centre of their strategy, leveraging sales to discover and meet new customer needs while improving the sales experience offered to the valued clientele. We believe that it is very important that sales personnel are guided on how to adapt to this ‘new normal’ and as the apex body for the Sri Lankan Marketers, we strive to support them in their journey.”
Nuwan Thilakawardhana, Project Chairperson of NASCO 2021 said, “SLIM NASCO has grown to become a premier sales awards event in the country, and it serves as the ideal motivational tool to inspire sales professionals to optimize the skills and enhance their capacity. NASCO has been an outstanding success year after year and even in 2020, amidst the pandemic, we were able to recognize our valued sales personnel spread across the nation. We strongly believe that sales professionals stand tall and have the maximum capability to adapt to new ways of doing sales, benefitting not only their livelihoods but also greatly contributing to the revival of the economy.”
Since the beginning of the Covid-19 pandemic Sri Lanka was posed with major macro-economic challenges such as increased rate of inflation, lack of foreign capital inflows, political instability followed by the global health emergency. It has been a tough business landscape for all businesses but despite the challenges, the sales personnel across all industries have been required to rise and face these challenges to create positive outcomes. The industry changes and latest technology have eased the task of sales personnel and took it to new and greater heights. Thereby, even during these challenging times, SLIM warmly invites organizations to apply for this year’s NASCO 2020/2021 awards enhancing opportunities for their best sales personnel to go beyond their potential.
The NASCO 2020/2021 Awards will be judged on the performance for the financial year starting from 1st January 2020 or 1st April 2020 until the financial year ending 31st December 2020 or 31st March 2021.
The entry kit can now be downloaded at www.nasco.lk and all entries must be submitted by 5.00 pm on 21st January 2022. Applicants may contact Gangani Liyanage on +94 703266988 for further details.
Business
SriLankan Airlines Alerts Customers to Social Media Scams
18 March 2026; Colombo – SriLankan Airlines wishes to alert customers to social media scams circulating on Facebook, WhatsApp and other platforms, often sent from both known and unknown contacts, featuring fake offers that misuse the SriLankan Airlines name, logo and brand.
SriLankan Airlines will never request payments, OTPs, credit card details, bank information or any other financial details via social media channels.
Customers are advised to always verify that any promotional offer is linked to the airline’s official website, www.srilankan.com, or shared through the verified social media accounts of SriLankan Airlines, as scammers often use fake links with unusual characters or spellings, or impersonate the airline through fake social media accounts.
Business
JSL & Fentons Joint Venture to Construct Double Circuit Transmission Line from Mannar Grid Substation to Mullikulam Collection Grid Substation
Approval has been granted at the Cabinet meeting held on 03-02-2025 to implement the formal procurement procedure to select a contractor for the construction of a 28 km long double circuit transmission line with the capacity of 220 kW, from Mannar Grid Substation to Mullikulam Collection Grid Substation under the Lot B of the Mullikulam Wind Power Transmission Project.
Bids have been invited following the International Competitive Procurement Procedure and five (5) bids have been received.
Accordingly, based on the recommendations submitted by the High-Level Standing Procurement Committee after evaluating the aforementioned bids, the Cabinet of Ministers has approved the resolution furnished by the Minister of Power and Energy to award the contract to the JSL & Fentons Joint Venture – Intend (Jyoti Structure Limited, India and Hayleys Fentons
Limited, Sri Lanka), substantially responsive minimum bidder, for an equal amount of Sri Lankan Rs. 2,269.18 million (without VAT).
Business
Fuel crunch forces midweek shutdown; courts told to show leniency
Economic pressure likely to push already-strained businesses into a liquidity crunch
By Sanath Nanayakkare
Sri Lanka is slowing to a midweek halt as a deepening fuel shortage has compelled the government to suspend most public sector operations every Wednesday, while courts have been advised to take a lenient view of attendance requirements amid transportation difficulties caused by fuel rationing.
The directive, issued by the Commissioner General of Essential Services, suspends most state functions one day a week until further notice in an attempt to conserve scarce fuel reserves. Authorities have also urged the private sector to adopt a similar arrangement.
Officials say the measure is aimed at reducing commuter traffic into major cities, particularly Colombo, where thousands of public servants travel daily from suburban areas.
Explaining the decision to select Wednesday, officials said declaring Friday a holiday could have effectively denied the public access to government services for three consecutive days when combined with the weekend.
However, the development underscores the fragility of Sri Lanka’s economic recovery as households continue to grapple with rising prices of essential goods.
The impact is already visible on the streets. Long queues have formed outside fuel stations while public buses have been seen overcrowded, with passengers clinging to footboards. Many commuters were also seen attempting to secure rides through the ride-hailing platforms Uber and PickMe, where drivers were demanding higher fares as demand surged.
Recognising these difficulties, the Judicial Service Commission (JSC) has issued a circular instructing judges to take transportation constraints caused by fuel rationing into consideration when making legal determinations.
Judges have been advised to consider the possibility that lawyers, litigants, witnesses and even suspects may be unable to attend court due to limited fuel availability.
While court proceedings are expected to continue, judicial officers have been asked to assess such situations on a case-by-case basis.
The JSC has also directed courts to make greater use of virtual platforms whenever possible. This is expected to apply particularly to proceedings such as extending remand orders, thereby avoiding the need to transport prisoners physically to court.
Authorities believe that conducting such hearings online could significantly reduce fuel consumption associated with prison transport. The temporary measures will remain in effect until further notice.
Meanwhile, officials say special fuel allocations may be considered for critical sectors including tourism, the Colombo Port, agriculture, health services, the plantation industry and public transportation in order to sustain essential services and economic activity.
However, the broader economic outlook remains uncertain. Business leaders warn that companies already burdened with higher taxes, rising operational costs and thin margins could face severe liquidity pressures if global oil prices remain elevated.
Industry observers say some firms may be compelled to seek loan moratoria if the disruption linked to the conflict involving Iran continues for another month.
Public concern has also been heightened by recent comments from Iranian officials indicating that Tehran has not sought a ceasefire in the ongoing conflict.
For President Anura Kumara Dissanayake, the unfolding fuel shortage is emerging as one of the most serious challenges facing his administration. Although the government has been holding internal consultations, critics say an all-party conference has yet to be convened to formulate a unified national response to the crisis.
Within business circles and sections of the public, questions are increasingly being raised about whether the government possesses the institutional capacity and experience required to manage a prolonged energy shock.
-
News7 days agoHistoric address by BASL President at the Supreme Court of India
-
Sports7 days agoThe 147th Royal–Thomian and 175 Years of the School by the Sea
-
Business3 days agoBrowns EV launches fast-charging BAW E7 Pro at Rs. 5.8 million
-
Life style4 days agoFrom culture to empowerment: Indonesia’s vision for Sri Lanka
-
News7 days agoPower sector reforms jolted by 40% pay hike demand
-
Latest News4 days agoQR code system will be implemented for fuel with effect from 06.00 a.m. today (15th)
-
Opinion6 days agoM. D. Banda: Memories of Appachchi – II
-
News5 days agoCrypto loopholes funnel Lankan funds abroad
