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Basilur Tea streamlines operations with Infor CSI implemented by Kingslake

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Leading IT and Enterprise Resource Planning (ERP) experts, Kingslake announced a breakthrough partnership with globally renowned Pure Ceylon Tea brand, Basilur Tea, to streamline manufacturing operations through the implementation of the Infor CloudSuite Industrial (CSI) Quickstart solution.

Kingslake has introduced next-generation seamlessly connected manufacturing technology capable of enabling advanced, highly flexible solutions and functionality that is essential for remaining competitive in a technologically driven environment.

Kingslake will host a free webinar that will provide comprehensive insights into how Infor CloudSuite can drastically improve planning and management of people, machines, and tools across a manufacturing supply chain.

The free webinar scheduled for October 16 from 3-5 pm will also detail out how enterprises can leverage the solution to reduce lead-time in manufacturing, minimize overheads, reduce work-in-progress and finished goods inventory and ultimately increase throughput in order to achieve expanded profitability in any manufacturing enterprise.

Speaking on the potential of Infor CSI Quickstart to catalyze growth at scale among Sri Lanka’s key business sectors, Kingslake CEO, Duleep Fernando said: “Advancements in these technologies means that impactful solutions are more cost-effective and within reach of businesses of any size. For example, we offer special modular user licensed based pricing, which enables a more cost-effective approach to transforming manufacturing businesses.”

He noted that the transformations initiated by Infor CSI Quickstart would ultimately deliver greater competitive advantage through increased efficiency and agility.

Represented by Kingslake in Sri Lanka, Infor is a global leader in providing highly effective, cutting-edge business applications, which can be configured to meet the demands of a wide range of industries.

Infor CSI QuickStart – previously known as SyteLine – is a solution designed to ensure that industrial and manufacturing organizations have deeply personalized solution to meet their business-specific needs with role-based information, a personalized user experience, familiar tools, common navigation and last-mile industry capabilities that are built-in.

Basilur is a world-renowned brand of superior quality tea and herbal infusions with decades of experience producing and exporting the finest quality Ceylon tea. As the organisation has grown both in size and scope it has found it necessary to incorporate new technology that will enable it to advance its operation.

Commenting on the powerful benefits enabled through the implementation of Infor CSI Quickstart, Basilur Tea Director Operations Sumith Jayawickrama said: “Since our integrated manufacturing project came online, we have been able to significantly optimize production while staying on top of shifting market dynamics. This has allowed us to cover everything from smaller orders to large pack sizes, thereby giving us improved flexibility to simultaneously cater to the changing preferences of modern-tea consumers across the globe.”

Speaking of the advantages of Infor CSI Quickstart, Senior Project Manager, Shalika Pituwala said: “There’s no room for error in today’s highly competitive manufacturing sectors. That’s why we create and implement leading-edge digital technology that delivers solutions to simplify complex supply chains and helps businesses deliver on time, every time.”

Since its inception in 1994, Kingslake has focused on providing software to help mid-sized manufacturing companies grow. They deliver state-of-the-art solutions built with a mix of best-of-breed ERP systems, specialized software solutions and experienced dynamic consultants. Today Kingslake continues to build and deliver fit-for-purpose software that enables customers to increase the visibility of their operations, be it customer service, inventory management, planning, procurement, manufacturing, engineering, HR, transport or finance.



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Sri Lanka’s economic confidence index plummets

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‘No one has rated Sri Lanka’s economic condition as excellent. 1.8 % rated it as good and 1.3 % rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022, a wide ranging Verite Research public opinion survey reveals.

Key findings of the survey:

Government approval rating drops from 10% to 3%

The second round of the Gallup Style “Mood of the Nation” poll was conducted in June by Verité Research. It assessed the approval, satisfaction, and confidence of the nation in relation to the government, the country, and the economy.

The poll was conducted as a part of the syndicated survey instrument by Verité Research. This instrument also provides other organisations the opportunity to survey the sentiments of Sri Lanka.

1. Government approval rating | 3% | To the question, “Do you approve or disapprove of the way the current government is working?” only 3% said they approve. In January 2022 this rating was at 10%.

2. Sri Lanka satisfaction | 2% | To the question, “In general, are you satisfied or dissatisfied with the way things are going in Sri Lanka?” only 2% said they were satisfied. This rating was at 6% in January 2022.

3. Economic confidence | negative (-) 96 | Multiple choice questions on the condition and trajectory of the economy are used to generate an economic confidence score. The score can range from negative (-) 100 to positive (+) 100. A score above zero means more people see the economic conditions positively rather than negatively. If everyone thinks the economy is in either excellent or good condition, and everyone also thinks it is getting better, the score will be (+) 10. If everyone thinks that the economy is in a poor condition, and everyone also thinks it is getting worse, the score will be a (-) 100. No one rated the economic condition as excellent. 1.8% rated it as good; and 1.3% rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022.

Implementation of “Mood of

the Nation”

The poll is based on an island wide nationally representative sample of responses from 1,052 Sri Lankan adults, conducted in June 2022. The sample and methodology was designed to ensure a maximum error margin of under 3% at a 95% confidence interval. The polling partner was Vanguard Survey (Pvt) Ltd.

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Decline in share market in the wake of rate hike reports

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By Hiran H.Senewiratne

CSE trading activities began on a positive note yesterday but during the latter part of the day the market experienced a dip on account of the overall supply chain economy being subjected to a contraction, stemming from the fuel crisis. Consequently, CSE activities were relatively low keyed, market analysts said.

“We are reverting to the negative. There is uncertainty on all fronts, from the political to the economic. Therefore, we are expecting a rate hike on Thursday. This is creating a bit of a cloud and we may see this continuing further, a top market analyst said.

Even if top level decision- making is happening in Sri Lanka the impact is not felt at the grassroots level. This has resulted in unrest in the country, the analyst said.

Amid those developments, both indices moved downwards. The All- Share Price Index went down by 97.9 points and S and P SL20 declined by 34.3 points. Turnover stood at Rs 1.3 billion with one crossing. The crossing was reported in JKH, which crossed 600,000 shares to the tune of Rs 73.2 million, its shares traded at Rs 122.

In the retail market, the top seven companies that mainly contributed to the turnover were; Lanka IOC Rs 611 million (7.3 million shares traded), Expolanka Holdings Rs 173.9 million (one million shares traded). LOLC Holdings Rs 47.4 million (120,000 sha4es traded), Hayleys PLC Rs 46.5 million (697.000 shares traded), Browns Investments Rs 46.3 million (6.4 million shares traded), JKH Rs 21 million (173,000 shares traded) and Softlogic Holdings Rs 20.5 million (794,000 shares traded). During the day 109 million share volumes changed hands in 15000 transactions.

The International Monetary Fund said last Thursday its talks with crisis-hit Sri Lanka had been “constructive”, thereby raising hopes it would soon grant preliminary approval for a desperately needed financial support package, observers said.

Meanwhile, the Colombo Consumer Price index rose 54.6 per cent year-on-year in June against a 39.1 per cent rise in May, according to the Statistics Department.

Yesterday the US dollar rate was Rs 360.73, which is now being controlled due to the prudent fiscal and monetary policies of the Central Bank.

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Dialog Club vision members receive access to an exclusive screening of ‘Jurassic World Dominion’

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In a bold and breath-taking new global adventure, the epic conclusion to the Jurassic film franchise ‘Jurassic World Dominion’ hit theatres across the world on June 10. Just a day after its global premiere, Dialog Club Vision Red members and their loved ones received special access to an exclusive screening of the film at the Kandy City Centre Multiplex on June 11.

The explosive end to the Jurassic era sees two generations of the film’s franchise unite for the first time with Hollywood’s Chris Pratt and Bryce Dallas Howard joined by Oscar winner Laura Dern, Jeff Goldblum and Sam Neill. Dialog Club Vision members were some of the first to witness the utopian world where Dinosaurs and humans co-exist.

With the best interests of its members and their loved ones at heart, Dialog Club Vision continues to deliver a world of exclusivity and privileges such as personalized care, exclusive discounts and offers, lifestyle and entertainment events and more. To explore more exciting offers available for Dialog Club Vision members, and to learn more about Sri Lanka’s premier loyalty programme, customers can visit the MyDialog App or visit dialog.lk/club-vision

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