BOC invites Sri Lankan expatriates and international investors to join “BOC My Sri Lanka”
Bank of Ceylon, bringing forth its innate commitment towards Sri Lanka, introduces “BOC My Sri Lanka” Foreign Currency Fixed Deposit account that offers attractive incentives to the account holder while encouraging them to enhance the country’s foreign currency position. The immediate purpose of this initiative is to facilitate the collaborative effort of enhancing the country’s economic profile together with Sri Lankan expatriates and interested international investors by opening up a new channel to draw more foreign currency into the country, a BOC press release said.
The release adds: ‘The account was officially launched at the Bank of Ceylon Head office auditorium by the Bank’s General Manager Russel Fonseka and DGM International Treasury and Investments R M N Jeewantha, DGM Development Banking, Branch Credit Operations Range II Y. A. Jayathilaka with other members of the bank’s corporate and executive management who were also present on the occasion. The same will be launched at Sri Lankan embassies with the representation of BOC’s Business Promotion Officers at their Independence Day celebrations organized today.
‘In order to enhance the opportunity to attract more avenues of foreign currency inflow to the country, the Bank has also opened up this account to non-national residents or non-national non-residents of Sri Lanka, Sri Lankans with dual citizenship and companies incorporated outside Sri Lanka apart from the regular Sri Lankan expatriate community. This Foreign Currency Fixed Deposit account can be opened for either two years or five years with a minimum opening balance of USD 5000/- or equivalent in designated currencies of US-dollars-USD, Sterling Pounds- GBP, Euro-EUR or Australian dollars- AUD. The Bank offers an attractive interest rate according to the selected investment plan whether the interest is drawn either monthly or at maturity. Account holders can also capitalize the interest to the opening account. Ensuring customers are given the maximum flexibility to invest, the bank offers a top-up facility in 1000/- or in multiples of 1000/- in the designated currency. The account can also be renewed at the prevailing interest rate at the time of the maturity (conditions apply).
‘A resilient banking giant in Sri Lanka, Bank of Ceylon maintains a strong network of over 850 correspondent banks and exchange companies with its own banking subsidiary in London and branches in Chennai, Male, Hulu-Male and Seychelles. With the trust and integrity that is built over 83 years Bank of Ceylon is always committed to empower the country towards a sustainable wellbeing for its community.’
Dulux colours Architect 2023 exhibition with vibrant and engaging presence
Dulux -Sri Lanka’s, a leading manufacturer of paints and coatings – is celebrating the successful close of its participation at Architect 2023, also taking home an award for the ‘Best Trade Stall with Innovative Use of Colour’.
Organised by the Sri Lanka Institute of Architects -and now in its 41st year- this year’s edition of the Architect 2023 annual trade fair took place from February 24-26 at the BMICH, and witnessed greater participation from leading companies and entrepreneurs actively involved in the various construction and architecture sectors; both locally and internationally, a company news release said.
“Dulux established a strong presence at the event with a spectacular exhibit themed Colour Futures ’23, featuring its 2023 Colour of the Year: Wild Wonder. Visitors to the stand were able to explore the four colour palettes, Lush, Buzz, Raw and Flow, inspired by the nature-influenced theme, with Dulux colour experts on hand providing unique trade insight, and also advising visitors on how best the shades can be implemented into their own work and living spaces,” it said.
“The popular mascot, “Dulux Dog” was also present to playfully engage with exhibition attendees and brighten up the vibrant Dulux stall even further. The Dulux exhibit proved widely popular among attendees to Architect 2023, due to its powerful display of colour in both interior & Exterior spaces. “
“Architect 2023 was a great opportunity for Dulux to learn from fellow trade professionals, and also to introduce visitors to the latest trends and insights from the global paints and coatings landscape,” said Upendra Gunawardhana, Head of Marketing at AkzoNobel Paints Sri Lanka. “We’ve maintained a strong long-standing relationship with the SLIA, and have every intention of being back again next year as well.”
ACCA reaffirms ComBank as Best among Sri Lankan banks for Sustainable Reporting
The Commercial Bank of Ceylon was declared the best among all Sri Lankan banks in sustainability reporting at the Sri Lanka Sustainability Reporting Awards for 2022 presented by the Association of Chartered Certified Accountants (ACCA) Sri Lanka.
As the winner in the ‘Banking’ category Commercial Bank was recognised for being one of the most transparent, accountable, and responsible entities in the country. The award was presented for the Bank’s 2021 Annual Report titled ‘Beyond a shape, beyond a colour’ which among other aspects, explores the Bank’s evolving operating context in which social and environmental concerns are brought to the centre of its corporate agenda.
Prepared in line with the International <IR> framework, this Annual Report also presents the Bank’s social and environmental impacts as per the Global Reporting Initiative (GRI) standards: Core option. Additionally, it reports on the Bank’s contribution towards the UNDP Sustainable Development Goals.
The Report also features a dedicated section on ‘Business model for sustainable value creation’ and discloses information on loans screened through the Bank’s Social and Environmental Management System (SEMS), paper reduction and recycling initiatives, increased usage of renewable energy, and switching to energy-efficient appliances under the section on ‘Natural Capital.’ Indicators of value derived in this category include reduced energy consumption in gigajoules, number of facilities subjected to SEMS screening, number of new solar panel installation locations, number of internet banking and mobile banking users, and solar power generated as a percentage of energy consumption.
Commercial Bank’s high standards in comprehensive reporting area result of the Bank’s commitment to being a responsible financial entity and shaping its work ethics around sustainable business practices, the Bank said. Last year too, Commercial Bank topped the ACCA awards in the Banking category, in addition to winning the overall award for the Best Sustainability Report of 2020.
Notably, Commercial Bank’s 2021 Annual Report also won four awards including a Gold for ‘Interior Design,’ and a Bronze for ‘Interactive Annual Report’ at the 2022 edition of the MerComm ARC Awards which is the world’s largest annual report competition.
The Bank’s sustainability initiatives include lending to support sustainable and green operations, migrating customers to paperless banking, improving efficiency in the use of energy, water and other resources in its own operations and supporting community initiatives that help conserve habitats and the environment. Its support to a mangrove restoration project in Koggala and marine turtle conservation initiative in Panama are examples of its commitment to environmental conservation.
The Bank pioneered a mandatory social and environmental screening process for its project lending activities and was the first bank in Sri Lanka to venture into Green Financing. It also revolutionised digital banking by introducing features in its ‘Flash’ mobile application to measure and offset customer impact on the environment.
Ex-Pack Corrugated Cartons PLC prioritizes psychological wellbeing in view of Women’s Day
In view of the marking the International Women’s Day, Ex-Pack Corrugated Cartons PLC held an insightful event at their state-of-the-art factory premises in Kelaniya, highlighting the importance of psychological wellbeing and how Ex-Pack is taking up measures in ensuring an enabling environment for its 300 strong workforce, based on its wider DEI policies.
Various global studies have shown that women are impacted at much higher rates than men when it comes to mental illnesses. The session celebrated their achievements and life stories, and shared some eye-opening tips, facts, know how’s, to-dos, and various other influential factors including the dire need to change our perspectives on women’s roles, health and wellness. This also touched upon the emotional and social aspects of wellbeing too.
This year’s theme is centered on #EmbraceEquity, and Ex-Pack is no stranger when it comes to pursuing gender equality in an industry that has been traditionally dominated by male. As one of leading corrugated cartons manufacturer in Sri Lanka delivering end-to-end packaging solutions to both local and international clientele, and a subsidiary of Aberdeen Holdings (Pvt) Ltd, Ex-Pack actively encourages more female participation.
‘With this year’s theme being #EmbraceEquity, we take great pride in being an ambassador and role model in our industry. We go beyond just equal opportunities to pro-actively collaborate with everyone, to ensure that our talented women have every possible resource at their disposal and are given all the required support to succeed both professionally and personally,’ said M. Zulficar Ghouse, Managing Director- Ex-Pack Corrugated Cartons PLC
Ex-Pack has long been engaged with providing equal career opportunities, and both men and women
are respected, rewarded and compensated equally. The company also has an open-door policy for all employees. Women empowerment stems directly from the top leadership, recognizing that women and their strengths are crucial to both the company and the overall economy.
Showers in Western, Sabaragamuwa and North-Western provinces and in Galle and Matara districts during the afternoon
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