Business
Swisstek Aluminium certified as a ‘Great Place to Work’ in Sri Lanka
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.
Business
ADB approves $100 million loan to boost skills development and jobs for youth in Sri Lanka
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
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
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.
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