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Brandix reaffirms commitment to provide and preserve water

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World Water Day 2022

This ‘World Water Day’ which falls on 22nd March, Brandix recognises the importance of providing resources for clean water and sanitation to uplift the living standards of those in the community, and also the preservation of water to face the complex challenges of global climate change.

Over a decade and a half ago, Brandix committed to providing its employees and their families with access to clean water, under its Manusathkara initiative. With the completion of over 4,200 ‘Care for Our Own’ projects spanning across the country from Batticaloa to Koggala, the Brandix Group has ensured that all employees have access to clean water, for drinking and for household needs. In Sri Lanka and much of the developing world, the benefits of such programmes most significantly impact women and girls who would otherwise spend valuable time collecting water, thus preventing them from pursuing educational and economic opportunities.

Furthering its efforts beyond employees of Brandix, the ‘Model Village’ programme aims to resolve water-related issues faced by people living in close proximity to a Brandix factory. The Group supports both individuals and institutions such as schools, hospitals, community centres and places of worship, which are key to the wellbeing of society. Today, over a quarter of a million people benefit from the Model Village programme.

Both the Care for Our Own and Model Village programmes have been appreciated by the beneficiaries, especially in the pandemic situation, where the attention to hygiene plays a significant role in limiting the spread of COVID-19.

In celebration of World Water Day this year, Brandix will hand over a further 87 completed ‘Care for Our Own’ water projects to employees and their families. The Group has also partnered with the Department of National Community Water Supply and has initiated a wall art initiative at Model Village Schools. Themed ‘Water is Life’, this initiative aims to create awareness amongst the future generations on the importance of safeguarding water resources through a creative and engaging platform.

For truly transformative change, Brandix understands the equal importance of water in the light of care for community and sustainable initiatives to conserve this scarce resource in response to climate change. The Group’s environmental sustainability framework is anchored to the pillars of Air, Water and Earth, and at its core is the aim to become a truly sustainable manufacturer leading the efforts to address the complex challenges that face the planet today.

A multi-pronged approach for resource optimisation is currently implemented and continuously enhanced, with the Group’s goal of achieving Zero Water Wastage by 2023. Recent highlights include several factories being added to the initiative of channeling condensed water recovery towards more effective use for the cooling towers of Heating, Ventilation and Air Conditioning systems. As already implemented in the Batticaloa and Rambukkana manufacturing facilities, Brandix is also taking steps to roll out the Zero Liquid Discharge initiative to other locations, whilst rainwater harvesting infrastructure across the Group has also been further enhanced. Through these composite efforts, the Group has achieved a 19% reduction in water intensity for the financial year 2020/21.

As Brandix continues these efforts, the Group hopes to inspire more individuals and organisations to join hands and stitch care for the community and sustainability, into the very fabric of daily living and businesses.



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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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