Amãna Bank’s Dilan Joseph becomes Sri Lanka Toastmaster Champion
Amãna Bank’s Toastmaster (TM) Dilan Joseph was adjudicated as the Sri Lankan Champion of the Toastmasters District 82 International Speech Contest which was recently held on a virtual platform and will now go on to proudly represent Sri Lanka in the Region 13 Quarter Finals.
Having previously won the Club, Area and Division contests with his enthralling speech, TM Dilan Joseph competed amongst the country’s finest orators in the national competition representing 8 Divisions constituting of 179 corporate and community clubs in Sri Lanka. Titled ‘The Gap’, TM Dilan’s heartwarming speech gave one key message, which is applicable to all, that is accept yourself for who you are.
Going forward with his dream of becoming a World Champion, TM Dilan Joseph, representing the entire Sri Lankan Toastmasters fraternity, will compete amongst country winners from India, Bangladesh, Nepal, Bhutan, Myanmar, Thailand, Laos, Cambodia, Vietnam, Singapore and Malaysia at the Region 13 Quarter Finals. District 82 of Toastmasters International is known to be a breeding ground for champion public speakers, witnessing 3 World Champions of Public Speaking during the short span of the last 7 years, including producing Sri Lanka’s one and only world champion TM Dananjaya Hettiarachchi.
TM Dilan Joseph, who is attached to Amãna Bank’s Retail Banking Division as the Manager Digital Customer Experience, is the incumbent President of Amãna Bank Toastmasters Club. Prior to this victory, TM Dilan Joseph also won the Division F Humorous Speech Competition in 2018.
Commenting on his success, the Bank’s Head of Human Resources Farhan Refai said “We are very honoured of Dilan’s achievement. I believe it is a great example in showcasing dedication and hard work to achieve one’s dream. Since joining Amãna Bank TMC in 2015, Dilan has been an active member of the club and has come a long way, having won many other speech competitions. On behalf of the Bank, we would like to wish Dilan all the best as he represents the entire country in the forthcoming Quarterfinals, and pray he becomes successful in reaching his ultimate goal of becoming a World Champion.”
Sharing his views, TM Dilan Joseph said “I am truly blessed to have won this competition and would like to congratulate all other participants who gave out their best at the District contest as well all others who contested in the runner up from Club level onwards. I am thankful to the support extended by Amãna Bank and Amãna Bank TMC to me in this journey. Toastmasters is a wonderful program that empowers individuals to become more effective communicators and leaders. I am humbled to say that I have come a long way and benefitted immensely from the Toastmasters program.
Amãna Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange with Jeddah based IsDB Group being the principal shareholder having a 29.97% shareholding of the Bank. The IsDB Group is a ‘AAA’ rated multilateral development financial institution with a membership of 57 countries. The Bank was recently recognized with the Best Employer Brand Award at the Sri Lankan edition of the Best Employer Brand Awards 2020 organized by World HRD Congress. Amãna Bank does not have any subsidiaries, associates or affiliated institutions, other than its flagship CSR initiative ‘OrphanCare’ Trust.
Cabinet approves rationalization of VAT exemptions and abolition of SVAT System
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.
Venora Lanka Power Panels to set up assembly plant in Australia
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.’
Share market moves into positive territory; indices up
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.
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