ACL Cables PLC, the No. 1 cable manufacturer in Sri Lanka commenced another novel concept recently supporting electricians enhance skillsets, contributing to their personal growth and the industry.
ACL Cables has partnered the Vocational Training Authority (VTA) to ensure electrical technicians island wide are awarded the NVQ level 4 certification.
This programme is aligned to the regulations enforced by the Government and Public Utility Commission of Sri Lanka (PUCSL) which aim to certify and create licensed electricians.
According to local authority regulations all electricians are required to be certified and obtain a license to conduct any electrical construction activity in the future.
This is mainly to establish a professional status for electricians in the country by accrediting their qualifications and experience.
Towards this objective, ACL Cables together with VTA Centers will sponsor and conduct knowledge sharing sessions for electricians to ensure they are prepared for theoretical and practical examinations to obtain the NVQ level 4 Certification. This project was put into action by ACL Cables under the CSR theme of “Divimaga Denuma” (Knowledge for lives).
Specifically targeting electricians who are registered under the Electricians Club of ACL Cables, individuals will be selected in batches of 25 and the programme will be conducted over a period of 6-months around 217 VTA centers islandwide. The certification which usually takes two and a half years for completion has been fast-tracked to ensure a larger number of electricians benefit. This special scheme was maneuvered and guided under the supervision of Dhamitha Wickramasinghe the president of VTA.
ACL Cables also aims to continue this initiative throughout the next few years to ensure all partner electricians receive this valuable qualification.
Commenting on this worthy programme, ACL Managing Director Suren Madanayake said, “We have continuously empowered our stakeholders for their betterment. This has been part of our corporate social responsibility initiatives. In this programme, we have identified Electricians as among our major stakeholders in making our business operations a success. As the No. 1 cable company in Sri Lanka, we undertook the responsibility to step in and transform these individuals into qualified professionals by helping them obtaining the necessary license and certifications as directed by local authorities.”
“Our initial step was to educate electricians on existing regulations, which we did through our island wide seminars. Now we have commenced the next stage to ensure they are equipped with the necessary knowledge. I thank the VTA, PUCSL and all local authorities who partnered with us to make this overall programme a success. I also invite all electricians who are yet to partner ACL to call our agents and register with the ACL Electricians’ Club,” he added.
The proposed licensing mechanism was developed by PUCSL in collaboration with the Institution of Engineers Sri Lanka (IESL), Tertiary, Vocational Education Commission (TVEC) and Construction Industry Development Authority (CIDA), Ceylon Electricity Board (CEB) and Lanka Electricity Company (PVT) Limited (LECO).
During the initial stage of this programme, ACL together with PUCSL conducted several sessions island wide to educate electricians on the necessary licensing procedure.
ACL Cables is the leading cable company in Sri Lanka with a market share of 70% and annual turnover of 18 billion as a group. Diversifying its operation ACL has moved into the distribution of electrical switches, circuit protection devices (MCB, RCD and isolator), ceiling fans and a wide range of electrical accessories.
LOLC Al-Falaah unveils pioneering Wadi’ah Gold-Storage Facility with multiple customer benefits
Sri Lanka’s most awarded and trusted Alternate Financial services brand, LOLC Al-Falaah recently unveiled their ground-breaking new product – the Wadi’ah Gold Loan Facility. This is the 1st time a Finance company in Sri Lanka is offering this facility. Al-Falaah Wadi’ah is a unique gold storage option offered to Al-Falaah’s valued customer base. All gold articles are tested for quality and authenticity using state-of-the art equipment by the company’s experienced staff without causing any damage to the jewellery. A unique ‘Gold Storage Certificate’ with the description of articles, including weight, quality and quantity along with the market value will be issued to the customer when obtaining this facility.
Speaking about the new product, Mr. Shiraz Refai, Deputy General Manager of LOLC Al-Falaah said, “Gold is a favourite investment option at all levels within the concentrated community. The metal is usually pawned, sold or exchanged when in need of cash. As the conventional Pawning options and Gold Loan offering has limitations to cater to the specific needs, as well as contradict with certain beliefs of the community, a concept acceptable and practiced in the industry is introduced by LOLC’s Alternate Financial Services Unit to its valued customer segment”.
Accordingly, a unique feature has been introduced to the Al-Falaah Wadi’ah Gold Storage facility offering the Customer the benefit of obtaining an interest-free maximum Cash-Advance in the industry at zero mark-up against the gold storage certificate value for any emergencies. In addition, for the convenience of the customers, the Gold storage facility period is extended from 3, 6 and 12 months without any requirement for a deposit and the custodial fees are comparatively competitive. The stored gold articles will also be offered a free Takaful cover with a reassurance of highest safety and security.
The Al-Falaah Wadi’ah gold storage facility will be initially available at selected branches including Wellawatta, Akkaraipattu, Kalmunai, Pottuvil, Grandpass, Maradana, Mawanella, Matara, Nawalapitiya and Negombo. Al-Falaah aims to make the facility available across all LOLC Finance branches and dedicated Al-Falaah centers island-wide by the end of the 1st quarter of 2021.
Commenting on the new Al-Falaah Wadi’ah Gold loan facility, Nishantha Jayasekera, Chief Manager, SME Unit & Head of Gold Loan Business of LOLC Finance said, “The main aim of this facility is to give financial-access to the grass-root level clients who do not have direct access to banking & finance, but require small cash advances to develop daily businesses and self-employment. Through this product and its value added features, we hope to cover all segments of the population”.
LANKATILES donates high-end ventilator to Colombo North Teaching Hospital
A Rs. 4.3 million ventilator has been donated to the Coronary Care Unit of the Colombo North Teaching Hospital, Ragama, by LANKATILES, the country’s leading tile manufacturer.
The machine was described as a high-end, world-class piece of equipment suitable for all patient groups.
Present at the official hand-over were Mr Mahendra Jayasekera, Managing Director of Lanka Walltiles PLC and Lanka Tiles PLC, Dr. S. P. A. Liyanage Ranaweera, Director of Colombo North Teaching Hospital, and Dr. Sanjeewa Rajapakse, Consultant Cardiologist of the hospital.
At a time when state-of-the-art equipment is urgently needed to contain the COVID-19 pandemic, LANKATILES reaffirmed its commitment to help frontline hospital staff in their efforts at reducing the spread of the virus and easing patient numbers.
The company said this was a commitment it is ready to stand by at all times in the interests of the country.
Sampath Bank hosts Central Bank’s ‘MatarataQR’ event to promote QR code use
Matara, April 3rd, 2021: Sampath Bank PLC recently hosted the Central Bank of Sri Lanka’s (CBSL) MatarataQR event, in a bid to drive awareness and increase acceptance and usage of LANKAQR, the common Quick Response (QR) code standard for the country that was introduced in 2020.
Encouraging consumers to adopt the use of QR codes in their day-to-day transactions, the event was held at the Sanath Jayasuriya Grounds in Matara under the patronage of the Chief Guest, Dullas Alahapperuma, Minister of Power and Guest of Honour, D. Kumaratunga, Director – Payments and Settlements, Central Bank of Sri Lanka; along with senior officials from the CBSL, other commercial banks and financial institutions. Sampath Bank was represented by Nanda Fernando – Managing Director; Tharaka Ranwala – Senior DGM – Operations / Group Chief Marketing Officer and Ajith Salgado – Group Chief Information Officer.
At the event, the Bank actively promoted its ‘WePay’ mobile wallet which helped attract more customers while also onboarding new merchants. A 25% cash back was on offer for payments at over 200 merchants in Matara on the day, made via the LANKAQR enabled WePay digital mobile payment app.
“We are very proud to partner with the Central Bank to host this event that will highlight the safety, convenience and speed of getting onboard the LANKAQR payment standard to the people of Matara. These benefits, coupled with the advanced digital banking solutions offered by Sampath Bank, make it a simple choice to migrate to digital payment technology and we warmly invite the merchants in Matara to come experience the benefits of adopting this new method of payments,” said Nanda Fernando, Managing Director, Sampath Bank PLC.
Sampath Bank is a 100% local bank that has deeply rooted itself in the lives of the people of Sri Lanka. Established in 1987, the bank has become a state-of-the-art financial institution that continues to be a market leader today thanks to its constant innovation and customer focused approach to business. It has introduced many firsts to the Sri Lankan banking sector including introducing ATMs to Sri Lanka, extended banking hours and slip-less banking to name a few. The Bank is steadily transforming itself into a ‘tech company engaged in banking,’ from the traditional approach of a bank engaged in technology.
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