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Swisstek Aluminium certified as a ‘Great Place to Work’ in Sri Lanka

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From Left to right Kshanika Ratnayaka, Chief Executive Officer, Great Place to Work® Institute ,Sri Lanka, Iran Udayanga, Head of Manufacturing, Athula Hewapathirana, Group Human Resource Manager, Gihan De Silva, Manager Market Development, Nalin Priyantha, Assistant Manager, Human Resource.

Swisstek Aluminium Ltd was certified as a “Great Place to Work” by the independent analysts at Great Place to Work in Sri Lanka. Swisstek Aluminium Ltd earned this credential based on the extensive ratings provided by its employees in anonymous surveys conducted by Great Place to Work Sri Lanka. A great workplace is one in which employees, no matter who they are and what they do for the organization, have a consistently positive experience of trusting their leaders, enjoying the people they work with, and having pride in what they do. Driven by its values, Swisstek Aluminium Ltd is known by its employees as an organization that fosters respect, trust, and fairness.

Mahendra Jayasekera, Managing Director of Lanka Wall Tiles group stated with regard to this recent recognition- “Swisstek Aluminium has been consistently serving the public for over the 12 years with products of unmatched quality and consistency. The long-standing success of the company is entirely attributed to our work force and our vision for the way we treat our employees and the way we work as a company.”

The journey evolves within and around our 360 degree philosophy “Ceaseless Creation of Seamlessness Ecosystems”, there we respect the insatiable hunger motivated by equal opportunity and equal right of every stakeholder to create and live a great life. Within this context, we are truly humble to be recognized as a great place to work since it further reinforces our empathic efforts on every single member to offer a conducive culture at the work place which could ultimately create a great society. “Great People Make Great Places” Mr. Tharindu Atapattu Chief Executive Officer of Swisstek Aluminium Ltd.

Group Human Resource Manager, Mr. Athula Hewapathirana said, “To win the marketplace first we must win the workplace’. Our passion is to take care of our employees who in turn will take good care of our customers. The concept of ‘People First’ enriches our organizational culture, and it’s our privilege to be recognized as a ‘Great Place to Work’ since great people create a great place to work.”

Swisstek Aluminium Ltd, established in 2009, is the first company to claim the Qualicoat sea side certificate and, along with other awards, received the most recent achievement, the best display on aluminium products by the National Construction Association of Sri Lanka. They have been seamlessly moving forward in par and, at the same pace of cutting-edge technological development. Their primary objective is the extrusion of aluminium, focusing on high-demand products and ingenious system applications. Swisstek Aluminium Ltd proudly claims the mastery of offering tailored products and services to its customers, their energetic team with a futuristic vision ensures the highest level of quality products and services through continuous research and development. They are at the forefront of the ethical industrial practice movement and dedicated to environmental conservation, and the plant boasts the latest technology with a constantly updated approach and is situated in Dompe, Sri Lanka. Innovative thinking, dynamic leadership, and dedicated workmanship are the cornerstones of their success. Swisstek Aluminium Ltd dominates the market as a part of the group with Lanka Walltiles PLC and Vallibel One PLC.

Great Place to Work, headquartered in the USA, is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, including Best Workplaces lists and workplace reviews, Great Place to Work provides the benchmarks, framework, and expertise required to create, sustain, and recognize outstanding workplace cultures. They offer executive advisory and culture consulting services to businesses, non-profits, and government agencies in over 60 countries across five continents, including Sri Lanka. Follow Great Place to Work online at www.greatplacetoworksl.lk

The ‘Great Place to Work® Certified TM’ program is designed to help organizations assess the employee experience based on five principles (credibility, respect, fairness, pride, and camaraderie) through the Trust Index Survey and existing people practices through the Culture Audit Management Questionnaire. As the global authority on workplace culture, Great Place to Work uses the employee feedback collected through the assessment process to discover, recognize and share insights into the world’s most desirable workplaces and businesses.



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SL to launch first Dedicated Sustainable Tourism Association in South Asia

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Tourism personnel at the press briefing

‘Sri Lanka embarks on a journey towards a more sustainable and prosperous tourism industry.’

The Executive Committee of the Sustainable Tourism Association of Sri Lanka (SusTour) announced the above at its final meeting held on May 6, at Connaisance head office, Colombo. The committee finalised all preparations for the official launch in August of the first private sector led, non-governmental Sustainable Tourism Association in South Asia, as most tourism associations in Asia operate as dedicated Eco Tourism entities while this is probably the first in Asia.

This momentous event will be officiated by Prof. Ruwan Ranasinghe, the Deputy Minister of Tourism, who has agreed to inaugurate the Association in conjunction with a media launch.

Prof. Ranasinghe is not only a qualified academic specializing in sustainable tourism but also a passionate advocate for the development of sustainable tourism practices in Sri Lanka. His involvement is pivotal, as he has expressed his commitment to provide unwavering support to the Sustainable Tourism Association of Sri Lanka.

In addition to Prof. Ranasinghe’s support, Buddhika Hewawasam, chairman, SLTDA and Dheera Hettiarchchi, chairman, Sri Lanka Institute of Tourism and Hospitality Management, have also pledged their cooperation in the implementation of sustainable tourism initiatives through their respective state organisations. Their combined expertise and resources are expected to play a crucial role in shaping the future of tourism in Sri Lanka, ensuring that it aligns with sustainable development goals.

This inauguration marks a significant step towards fostering a sustainable tourism framework in Sri Lanka, one that prioritizes environmental preservation, cultural heritage and economic viability. The Sustainable Tourism Association of Sri Lanka is poised to lead the charge in promoting responsible tourism practices, ensuring that the industry flourishes while respecting the rich natural and cultural resources of the island.

Speaking at an exclusive press interview the Tourism Deputy Minister noted; “I am thrilled to see the private sector actively participating in the promotion of sustainable development, particularly within the tourism industry. This partnership is not just beneficial but essential, as it represents a viable mission that requires the joint engagement of both government and private entities. By working together, we can ensure that our tourism practices not only enhance economic growth but also preserve our natural resources and cultural heritage for future generations. It is through this collaborative approach that we can create lasting change and fulfill our commitment to sustainability.”

Adding to this collaborative effort, Australian High Commissioner Matthew Duckworth said Australia would continue its long-term support for sustainable tourism development in Sri Lanka. Australia has contributed more than 50 million Australian dollars over the past decade to sustainable tourism initiatives in Sri Lanka, including to support more sustainable planning, accreditation and skills development for this crucial sector. The High Commissioner confirmed that this support would continue into the future and highlighted Australia’s partnership with the Market Development Facility (MDF), which had recently launched a new initiative using data analytics to help Sri Lankan policy makers better understand how travelers discover and engage with destinations.

“Our vision is to create a platform where all stakeholders including product manufacturers can collaborate and share best practices in sustainable tourism, said Chandra Wickramasinghe, elected founder president of the Association. “We aim to ensure that tourism in Sri Lanka not only provides economic benefits but also contributes positively to the environment and local communities, he added.

The founders of STASL-SusTour believe that sustainable tourism is the ‘Future of World Tourism’ and is crucial for the long-term viability of Sri Lanka’s tourism sector, which is a significant contributor to the nation’s economy. By fostering responsible travel practices, the association seeks to educate stakeholders, including tourists and businesses along with manufacturers about the importance of sustainability.

‘ The association plans to launch various initiatives, including workshops, awareness campaigns and partnerships with local and international organizations focused on sustainable tourism, said Nalin Malwenna, newly elected secretary. Through these efforts, SusTour hopes to position Sri Lanka as a leading destination for eco-conscious travelers looking for authentic and responsible travel experiences.

“The establishment of the Sustainable Tourism Association of Sri Lanka arrives at a pivotal moment, signaling a commitment to a more sustainable future in the nation’s tourism landscape, said elected treasurer Dr. Samantha Pathirathne.

By Claude Gunasekera

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Siyapatha Finance unveils 62nd branch in dynamic Horana City

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Premier finance company Siyapatha Finance PLC recently unveiled its newest branch in Horana, successfully expanding its islandwide branch network to 62 branches. Located in one of the fastest-emerging economic hotspots in the Kalutara District, the Horana branch offers Siyapatha Finance’s wide range of holistic financial services including leasing, fixed deposits, gold financing, business loans,fast draft, factoring, and Smart Pay – the Company’s bill payment facility.

The branch was declared open by Siyapatha Finance PLC Directors- Jayanath Gunawardena and Ms. Sriyani Ranathunga , Chief Executive Officer (CEO) Mathisha Hewavitharana in the presence of Chief Operating Officer (COO) Rajeev De Silva, Ms. Dinuli Gihansi Perera -student of Govinna Maha Vidyalaya , Horana who has been selected to represent Sri Lanka for Asian Boxing Championship 2026 , Senior Management, staff members as well as Police HQI Ranga Perera , Grama Niladhari Mr. Chaminda Kumara, representatives of the government and private banks and insurance companies and well-wishers.

Speaking at the ceremony, Siyapatha Finance PLC CEO Mathisha Hewavitharana remarked: “Horana is a region that has captured massive interest nationally in terms of commercial and social development in recent years. Expanding our branch network to this area gives us a significant opportunity to broaden our reach and serve a larger, diverse ;;customer base’’.

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Lingering M-E tensions negatively impact rupee and usher in a degree of volatility

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The CSE witnessed some market volatility yesterday because of West Asian tensions, which impacted the Sri Lankan rupee negatively in tandem with oil price fluctuations. Amid those developments both indices indicated some bullishness. The All Share Price Index went up by 88.15 points, while the S and P SL20 rose by the 33.35 points. Turnover stood at Rs 4.09 billion with 10 crossings.

Those crossings were: Sarvodaya Developments Finance, which crossed 4.3 million shares to the tune of Rs 182 million; its shares traded at Rs 41.40, CCS 1.25 million shares crossed to the tune of 156 million; its shares sold at Rs 125.50, Commercial Bank 620,000 shares crossed for Rs 130 million; its shares traded at Rs 210, LOLC Holdings 125,000 shares crossed for Rs 71.9 million; its shares traded at Rs 575, Colombo Dockyard 500,000 shares crossed for Rs 67.50 million; its shares sold at Rs 135, LMF 450,000 shares crossed for Rs 43.2 million; its shares traded at Rs 90 and CIC 1.2 million shares crossed for Rs 41 million; its shares traded at Rs 34.30.

In the retail market companies that mainly contributed to the turnover were; Colombo Dockyard Rs 506 million (3.7 million shares traded), Commercial Bank Rs 207 million (985,930 shares traded) ,Lanka Realty Rs 103 million (1.9 million shares traded), Haycarb Rs 93.3 million (662,000 shares traded), Bairaha Farm Rs 87.5 million (923,000 shares traded) Industrial Asphalts Rs 69 million (99 million shares traded) and Royal Ceramics Rs 67 million (1.4 million shares traded). During the day 273.7 million share changed hands in 31185 transactions.

It is said that the banking and financial sector performed well; especially Sarvodaya and Commercial Bank, while the manufacturing sector, especially Haycarb, performed well. Further in the FMCG sector, Bairaha Farm performed well at the floor.

Yesterday the rupee was quoted at Rs 321.80/90 to the US dollar in the spot market, weaker from Rs 321.70/85 the previous day, dealers said, while bond yields were steady.

A bond maturing on 01.07.2028 was quoted flat at 9.65/70 percent.

A bond maturing on 15.10.2028 was quoted at 9.70/80 percent, down from 9.75/80 percent.

A bond maturing on 15.06.2029 was quoted at 9.80/90 percent.

A bond maturing on 15.09.2029 was quoted flat at 9.85/95 percent.

A bond maturing on 15.12.2029 was quoted at 9.95/10.00 percent, up from 9.90/10.00 percent.

A bond maturing on 01.07.2030 was quoted flat at 10.10/20 percent.

A bond maturing on 01.03.2030 was quoted flat at 10.10/20 percent.

A bond maturing on 01.06.2033 was quoted at 10.90/11.00 percent, down from 10.95/11.05 percent.

A bond maturing on 15.06.2034 was quoted at 11.15/20 percent, down from 11.15/22 percent

By Hiran H Senewiratne

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