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Bank of Ceylon appoints Veteran Banker K.E.D Sumanasiri as its General Manager

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Veteran banker K.E. D Sumanasiri has assumed duties as General Manager of Bank of Ceylon (BoC) . He assumed duties as General Manager of the bank commencing from 16th August 2021.

Sumanasiri who joined the bank in 1990 rose up in the different grades as a career banker and has been a Deputy General Manager, that is a member of the Bank’s Corporate Management Team since 2013. His experience and industry acumen as a banker ranges across many key areas of banking. His contribution in retail banking, micro and corporate finance and human resource development has contributed immensely to the bank’s development. Over the years he has played many roles such as Area Manager, Operations Manager and Assistant General Manager leading him to gain a deep insight into banking in practice.

After his Bachelor of Science (Hons.) Degree in Business Administration from University of Sri Jayewardenepura (USJ) Sri Lanka, Sumanasiri persevered in his efforts to be an effective professional banker thus gained the Associate Membership of the Institute of Bankers of Sri Lanka and the Chartered Institute of Personal Management Sri Lanka.

He has undergone many professional and career trainings. Among them the following stand out “The Linkage 20 conversations Leadership Program” conducted by Harvard Business School of USA, and “Management Development Programme for Key Management Personal”, the “Special Management Course of higher Management and Public Policy for Business Leadership” conducted by Post Graduate Institute of Management (PIM).

Sumanasiri has been a noteworthy contributor towards the career development of aspiring bankers. His contribution as the faculty member of the bank’s training institute is well acclaimed by the industry peers. As the manager training, his services towards uplifting the knowledge, professional acumen, career, and skill development of the staff is immeasurable.

With the dawn of the peace time in the north after 30 long years of conflict he was given the responsibility of uplifting the livelihood of the resettled population and to inject the business confidence and financial management hitherto grief-stricken and panicked masses of the region. As the Assistant General Manager Northern province, he played a remarkable role in achieving this. He saw the successful upward trend in the economic activities of the area and was able to boost the delivery channels of the area considerably. Micro finance and retail bank took an unprecedented turn around during his tenure as the AGM North.

As the Senior Deputy General Manager Human resources, he was very quick in adopting the health guidelines recommended by health authorities effectively in all BoC branches and head office. This minimized exposure to the pandemic for both customers and employees. His focus on safety of the lives of all stake holders of the bank was remarkable. The human first HR policy successfully adopted by the bank gave BOC the edge as the people- centric bank in the financial landscape of the country.The competence and potential demonstrated by him over the years both as a professional banker and a compassionate human being within the Bank’s Corporate Management led to him being the choice for the task chief helmsman for steering Bank of Ceylon ahead as “Bankers to the Nation”.



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Business

SLTMobitel-PEOTV and DP Education launch ‘Videsa DP Education’

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SLT-MOBITEL, the National ICT, Telecommunications and Mobile Services Provider has teamed up with DP Education, to launch ‘Videsa DP Education’, a dedicated educational channel on CH.215 of SLTMobitel–PEOTV, ensuring school children from Grade Five to Advanced Level have access to a high-quality learning experience with Rewind TV.

The revolutionary services of SLTMobitel-PEOTV includes ‘Videsa’ a series of educational channels hosted on the platform, that comprise of 06 TV channels dedicated to individual grades covering grades 06 to 11, that enhance the knowledge sharing with curriculum-centered lessons from a panel of reputed teachers. DP Education, a unique online learning platform, leverages digital solutions to deliver quality education to empower students. Together, Videsa and DP Education, enrich the educational arena further with the ‘Videsa DP Education’ channel, a dedicated television space for the students at home.

This path-breaking partnership is a commitment by SLTMobitel–PEOTV to support the education of children, whose options are limited due to the challenges convergence posed by the COVID-19 pandemic. The initiative will use the home TV screen and mobile devices as a ubiquitous medium to impart knowledge providing access to quality education for students across the country.

Commenting on the initiative, Rohan Fernando, Group Chairman, SLT said, “We understand that parents are now faced with the challenge of keeping their children safe during the pandemic as well as having to deal with the ongoing disturbances to their children’s education. As a solution to ensure that their learning remains uninterrupted, we have already introduced six different channels for Grade 6 to Grade 11 students through our Videsa digital platform. Our latest initiative and partnership with DP Education has now enabled us to launch a dedicated channel with unique learning experiences in key subjects such as Mathematics, Science and English for students from Grade 5 to Advanced Level with the Rewind TV facility. We are appreciative of the exceptional efforts extended by Mr. Dammika Perera and his team at DP Education and are grateful for the opportunity to connect the two learning platforms together in unison to create a revolutionary learning experience for our children”.

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Thornton and Dane’s combined projects portfolio tops Rs 5.9 billion

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Thornton Engineering, the Nextventures owned civil engineering company, has announced the acquisition of a 100% stake in Dane Engineering (Pvt) Ltd. for Rs 350 million, creating a construction business with a combined portfolio of Rs 5.9 billion.

The new entity, Thornton and Dane Engineering, expects to add new construction projects with a cumulative value of Rs 5 billion within the current financial year, nearly doubling its projects portfolio, the Company said in its announcement.

“We are excited at the post-acquisition prospects for the new company, because we strongly believe that it is a good example for the concept of the whole being greater than the sum of its parts,” said Thornton and Dane Director Dinesh Schaffter. “The combined strengths of Thornton and Dane create a formidable as well as extremely flexible engineering company that is capable of executing projects of varying scope and scale.”

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Capacity-building programs for SMEs

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Sri Lanka Chamber of Small and Medium Industries (SLCSMI), the apex body for SMEs in Sri Lanka has been at the forefront in supporting the SMEs during the pandemic. The chamber took several measures since the pandemic first hit the country in the first quarter of 2020. The Webinar series “Way Forward for SMEs” was a grand success among other initiatives, which was conducted with the participation of prominent scholars, leading business personalities as well as top rankers of state and private sector organizations.

The president of SLCSMI, Prof. Rohan De Silva said: “We are always there to represent and support the SMEs in the country and that’s our prime duty. During the first wave, we understood the need to share the knowledge and provide psychological support for the business owners to withstand the difficult times and that’s how the webinar series was born. Our initiative was well received by the businesses and our audience was not limited to Sri Lanka alone, as we witnessed participants from around 12 countries.”

Prof. Rohan further said that the chamber has looked at the possibilities of providing sustainable solutions to the SMEs beyond merely conducting knowledge sharing sessions and the Executive Committee has decided to introduce a range of Capacity Building programs to develop the SMEs. These programs include different solutions to address various gaps among the SMEs and the chamber intends to issue a valuable certificate for the participants of these programs.

The chamber has partnered with the Asia Pacific Institute of Money and Entrepreneurship Development (iMED) to design and deliver the programs and the details of the Programs will be unveiled at the launching event scheduled to be held on the 25th of September.

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