Business

Addressing growing interest in the Chinese language

Published

3 years ago

2020/09/26

Zylan Group International Director Helen Cheung with Hànyǔ Services founder Fathima Shabir

In a global climate where China has established its standing as the second largest and fastest growing economy in the world, the extent of the country’s scale and integration has meant that proficiency in Chinese has become a coveted asset.

Hànyǔ Services -a Sri Lanka-based Chinese content creation, translation, and interpretation company- has launched with a wide portfolio of professional Chinese language services to fulfil the growing interest in investing in this highly lucrative market.

Hànyǔ Services, with its vast global network of qualified Chinese linguists, delivers translation service excellence for any industry, where content is produced such that the client’s brand message is effectively conveyed without the loss of style, tone or context. The language service provider’s scope of services in this regard include document and website translations, interpretation, proofreading, voice-over services, and video subtitling.

Additionally, clients of Hànyǔ Services stand to gain a strong competitive advantage in their respective sectors by having tailor-made content created that will best target the Chinese market accurately, ensuring that every message communicated is localized persuasively. The company’s team of seasoned Mandarin translators and writers are experienced in Chinese content writing, creation of localized marketing collateral, website localization and translation, and video creation, helping businesses find their distinctive voice and share their brand story through exceptional content.

Developing greater insight into Chinese business culture and etiquette is also a vital asset for those looking to do business with or in China. Here too, Hànyǔ Services offers training on Chinese business language and culture that will help earn clients’ trust through the ability to communicate and negotiate better; paving the way for more successful agreements and business deals.

More recently, as part of its commitment to furthering the Chinese language proficiencies of its clients and members, the agency launched Sri Lanka’s first ‘Mandarin Corner’ -an interactive initiative to encourage Sri Lankans from across the island to learn, practise, and network in Mandarin with native speakers, students, and others. Attendees benefited greatly from the event in that they were able to share their language learning experience with other students, gain useful tips from experts, forge valuable business connections, and boost their confidence in Chinese language communication overall. “Now more than ever, Sri Lankans are acutely aware of the many dividends to be reaped from tapping into the Chinese market, whether in terms of basic communication or corporate visibility,” said Fathima Shabir, Founder of Hànyǔ Services. “Our company has been built on a strong foundation of expertise, and we are confident that through the many language services we offer, we can help advance not just individuals and businesses, but also play a part in bolstering the local economy as well.”

Hànyǔ Services has taken yet another step into new territory by initiating Mandarin language classes for children above the age of 4, the first in the country to do so.

For adults looking to hone their Mandarin speaking skills, Hànyǔ Services also offers online Mandarin classes, as well as Business Mandarin classes for effective corporate communications.

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Business

Cabinet approves rationalization of VAT exemptions and abolition of SVAT System

Published

3 hours ago

2023/06/6

Priyan

The Cabinet of Ministers granted concurrence to the resolution forwarded by the Minister of Finance, Economic Stabilization and National Policies to remove most of the releases from Value Added Tax (VAT), further retaining releases that ease the pressure on low – income families to secure the fundamental sectors of the economy as well as the releases for sectors such as education, health and agriculture, as well as to revise the provisions applicable for the Value Added Tax (VAT) act so that the Simplified Value Added Tax (SVAT) methodology can be canceled with effect from 01.01.2024 by introducing a more formal methodology for repaying the Value Added Tax (VAT) and to instruct the Legal Draftsman to prepare a draft bill for the purpose.

Business

Venora Lanka Power Panels to set up assembly plant in Australia

Published

9 hours ago

2023/06/6

Sahan Weerasooriya

Sagara Gunawardene

By Hiran H.Senewiratne

Sri Lanka- based, export- oriented manufacturer, Venora Lanka Power Panels (Pvt) Ltd, with a state of the art electric panel factory at the Export Processing Zone, Biyagama, will set up an assembly plant in Australia.

“Once we set up the electric panel assembly plant in Australia, we will export all our panels from Sri Lanka and that plant will do 30 percent value addition to the product to supply that market, the company’s chairman/ Managing Director, engineer Sagara Gunawardena told The Island Financial Review.

Gunawardena said that the company is a value- addition assembly plant and he would be investing AUS $ 2 million for the project to be set up in Melbourne and hire 100 engineers and other professionals. He explained that the venture has enormous potential.

Venora Lanka provides power panels to mega projects in Sri Lanka and exports to Bangladesh, Maldives, Kenya, Ethiopia, Seychelles and Myanmar. Panel assembling is strictly in compliance with IEC 61439 standards, it was explained.

Gunawardena added: ‘I firmly believe that, being a truly customer focused organization, every employee and every process in the organization has to be aligned behind delighting customers. Therefore, at a time when the country is facing a major dollar crisis, my company would be aiming at bringing dollars into the country, while providing employment for local professionals, especially engineers.

‘At Venora Lanka we do not try to change customers’ mindsets. Instead, we take time to understand what they really want and focus our brand on delivering that. Venora is values- driven first and cost- driven second – creating a unique brand proposition.

‘Since the US dollar rate has come down, it is our concern that importers and suppliers do not change their prices, which is really affecting the manufacturing sector.

Company sources added: ‘The company has several wings of operation, such as local and overseas projects, switch board assembling, telecommunication infrastructure installations, earthing, lighting and surge protection, incorporating world renowned brands.

‘Venora Lanka Power Panels is the first Sri Lankan company to receive the licence, in accordance with the UK Trade Mark Act 1994, to use the trade mark “Best Enterprise”. It won a global award at the event, ‘Golden Awards for Quality and Business Prestige’, held in Geneva, Switzerland, in 2015.

‘Within a short span of time, with the perfect blend of progressive thinking and expertise, Venora Group has expanded to consist of, Venora International Projects, Venora Telecom, Venora Industrial Solutions and Venora Lanka Power Panels (BOI approved). Further, Venora has established its overseas presence through Venora Engineering Kenya and Venora Engineering Myanmar.’

Business

Share market moves into positive territory; indices up

Published

9 hours ago

2023/06/6

Sahan Weerasooriya

By Hiran H. Senewiratne

CSE trading got off to a positive note yesterday but during the last session of the day the momentum slowed. However, the market is now moving towards positive territory following the Central Bank announcement of a downward trend in interest rates, market analysts said.

Amid those developments the market witnesses improvements in both indices and in the turnover.

The All- Share Price Index up by 12.8 points and S and P SL 20 rose by 6.97 points. Turnover stood at Rs 710 million with one crossing. The crossing was reported in JKH which crossed 430,000 shares to the tune of Rs 60.2 million; its shares traded at Rs 140.

In the retail market top seven companies that mainly contributed to the turnover were; JKH Rs 212 million (1.5 million shares traded), Access Engineering Rs 44.7 million ( three million shares traded), Lanka IOC Rs 34.5 million (264,000 shares traded), Browns Investments Rs 28.6 million (5.3 million shares traded), LOLC Finance Rs 23.8 million (4.7 million shares traded), Capital Alliance Rs 22.9 million (615,000 shares traded) and First Capital Holdings Rs 19.2 million (574,000 shares traded). During the day the 31.4 million shares volumes changed hands in 9000 transactions.

Yesterday, the Central Bank’s US dollar buying rate was Rs 285.16 and the selling rate Rs 298.85.