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CDB supports agricultural sector from the frontline

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Citizens Development Business Finance PLC (CDB), lauded as one of the Top Ten Corporate Citizens for Sustainability in Sri Lanka, has come forward to support and enhance the agriculture sector in Sri Lanka. CDB will be at the forefront in supporting the government policies to enhance the sector with tailor-made finance facilities for the growth and sustenance of agriculture.

With a triple bottom line approach integrated into its business strategy, CDB is aware of its social responsibility as a leading corporate towards the wellbeing of the nation. CDB’s main focus will be empowering the farmers and their aspirations mainly through facilitating the finances for the purchase of Agri-equipment to enhance their efficiency in daily activities. 

Commenting on the initiative, Director Sales and Development, CDB, Sasindra

Munasinghe said: “Rice production is one of the main resources of our country. Therefore, providing a secure environment to continue production and taking care of our farmers is our

foremost responsibility. With this in mind, CDB initiated these facilities which will empower all farmers’ aspirations and create a better livelihood for them”.

CDB has special payment plans for those in the agricultural sector, where seasonal payment methods are tailor-made as per the different harvesting periods and yields in the area. These facilities are provided with low-interest rates for farmers coupled with a flexible payback period. These facilities will be processed at their convenience, with minimum documentation and doorstep services. 

“It is a great pleasure to offer our exclusive facilities to Sri Lankan farmers. Farmers play a vital role in development within the country and their work is rarely felicitated. The current contribution of the agricultural sector for the GDP is around 7.4% which emphasizes on the space for further expansion by focusing on new technology. Uplifting this particular sector will help the country maintain a sustainable economy and CDB will always be in support of providing assurance to the finest assets of the country.” added Director Business Operations, CDB, Dave De Silva. 

Citizens Development Business Finance PLC (CDB) is a publicly quoted corporate leader positioned among the Top Five Largest Non-Banking Financial Institutions in Sri Lanka with an island-wide presence, driven by a state-of-the-art technological platform that has revolutionized the way financial services are performed in Sri Lanka.



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Business

Assetline Leasing recognised at SLIM People’s Awards

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Assetline Leasing Company Limited (ALCL) was nominated for “SLIM People’s Financial Services Provider of the Year” category at the recently held SLIM People’s Awards 2021 at BMICH, Colombo.

As a specialized leasing company with a network of 53 branches located Islandwide, ALCL has been able to carve a name for itself as a leading financial services providers by continuing to fulfill the financial needs people from all walks of life with an innovative and reliable portfolio of leasing and loan products that are geared to improve the livelihood of individuals and families whilst enriching their lifestyles. Access to financial services, particularly by SMEs and entrepreneurs, has always been a key area of ALCL’s focus.

Commenting on the achievement, Ajantha Premasiri, Chief Marketing Officer, ALCL, said; “We would like to extend our sincere gratitude to our valuable and loyal customers, business partners and team Assetline for their unwavering support in securing this nomination in the category of “SLIM People’s Financial Services Provider of the year”.

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DIMO forum focuses on youth skills for employment and entrepreneurship

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DIMO celebrated ‘World Youth Skills Day’ by shining the spotlight on the importance of equipping the youth with skills for employment, decent work and entrepreneurship, through a webinar titled ‘Job Demand and Vocational Education – Fuelling Dreams and Aspirations of the Youth’, held recently.

The keynote speaker at the webinar was a renowned expert in the industry, Mangala P.B. Yapa the Director General / CEO of Employers’ Federation of Ceylon, while the panel consisted of leading Human Resources professionals Dilrukshi Kurukulasuriya the Chief Human Resources Officer of DIMO, Chinthaka Premaratne the Group Director Human Resources of Fairway Holdings and Ishan Dantanarayana the Group Chief People Officer of Brandix. The event was moderated by Yohan Thilakaratne the Head of Corporate Communications of DIMO. Vocational Training is a key attribute in DIMO’s sustainability agenda and the forum ‘Job Demand and Vocational Education – Fuelling Dreams and Aspirations of the Youth’ was the latest initiative of DIMO to empower the dynamic youth with the correct skills.

During his keynote address, Mangala P.B. Yapa stated, “Knowledge, skills and employment are 3 elements that are inter-connected in a complex manner. Today, knowledge has surpassed skills and therefore, receives prominence. However, I believe that knowledge which does not develop skills, does not do justice to society. Through vocational education, what we attempt to do is to develop both knowledge and skills.”

 

 

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CA Sri Lanka Annual Report Awards makes a comeback this year

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In its continuing determination to crown the most brilliant financial reports produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will present the prestigious Annual Reports Awards competition this year, incorporating new concessions on account of COVID-19, whilst also automating the marking system for the first time in the competition’s history.

Applications for the 56th Annual Report Awards competition 2021 will be accepted from 15th August 2021 onwards. Organisations ranging from multinationals to blue-chip companies, conglomerates, small and medium businesses, state corporations, statutory bodies and even NGOs and NPOs which produce annual reports can vie for this year’s top honours.

Known to promote transparency, corporate governance, sustainability and social responsibility, the competition’s grand comeback this year was announced at a press conference on Tuesday.

The Annual Report Awards commands a history of over half a century, but following COVID, the Institute decided not to proceed with the competition last year on grounds that the competition would not yield the required benefits for the participating companies due to the challenges stemming from the pandemic and the related crisis.

Addressing the press conference, Jayesinghe said that as the sole authority to promulgate accounting and auditing standards in Sri Lanka, the Institute has taken every effort necessary to implement a world class accounting framework, which will result in long-term benefits to the country including bringing in vital investments such as FDIs.

He said that an annual report is recognised as the single most important document for readers and potential investors to understand the financial state of a company as well as its positive contribution not only towards the company’s bottom line but also to the country and society.

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