Connect with us

Business

ChildFund Sri Lanka transforms lives of communities in Batticaloa with water and sanitation facilities

Published

on

Towards its ongoing commitment to transformative Water, Sanitation and Health (WASH) interventions, ChildFund Sri Lanka has successfully concluded a two-year project ensuring water and sanitation facilities in schools and communities in the Vavunativu Divisional Secretariat in the Batticaloa District.

For communities in the area, the scarcity of water for drinking and washing was a significant issue. Having been affected by the war, these communities experienced further challenges exacerbated by seasonal effects of drought and floods and limited water sources due to the geographical ground water level. Their health and children’s education also suffered due to lack of access to clean water.

Bringing water to these communities, the ChildFund Sri Lanka project strove to enhance the health status of especially marginalized and vulnerable children and their families through the provision of pure drinking water, hygiene facilities and practices in several locations. Beneficiaries of the project included six villages and 30 schools comprising over 5000 children and nearly 8000 adults in Batticaloa district.

The ‘Water and Sanitation in Schools and Communities in Batticaloa District – Phase 2 Project’ has ensured a community-based water supply scheme where residents of Kothiyapulai now receive water direct to their homes through individual connections. The project also provides water and sanitation facilities for six learning centers and 30 schools in the Vavunativu division and helps families apply proper health, hygiene, and sanitation practices after the completion of awareness programs.

ChildFund Sri Lanka Business Development Director Dinantha Thambavita said, “At ChildFund we understand that poor access to safe drinking water, lack of sanitation facilities and good hygiene practices in school poses significant challenges to child education. Together with our partners we have been able to collaborate and improve lives with the promise of ensuring improved health outcomes and school performance.”



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Seven factors of concern at upcoming Monetary Policy Review

Published

on

by Sanath Nanayakkare

The Central Bank of Sri Lanka (CBSL) is scheduled to announce its latest monetary policy review on 20th January 2022, with all eyes on dwindling foreign reserves and foreign currency exchange in the country.

In this context, First Capital Research has named 7 factors of concern that could be taken into account at the upcoming monetary policy review. They are as follows.

* Foreign Reserves USD 3.1 billion – Dec 2021

* Inflation CCPI 12.1% – Dec 2021

* GDP Growth -1.5% – 3Q2021

* Private Credit LKR 60.5 billion – Nov 2021

* 03M T-Bill rate 8.38% as at 12.01.22

Liquidity and CBSL Holdings LKR -364.0 billion and LKR 1.42 trillion

Balance of Trade (BOT) and Balance of Payment (BOP) USD -6.5 billion and USD -3.3 billion for Jan-Oct 21

First Capital Research’s Policy Rate Forecast – Jan 2022-Apr 2022 notes that they believe the CBSL may highly consider tightening the monetary policy rates in this policy review but given the concerns over economic growth, there is a probability of 40% for CBSL to maintain its policy stance at current levels.

“With high frequent indicators improving in line with expectations, we have eliminated any probability of a rate cut. We expect a continued increase in probability for a rate hike in order to prevent overheating of the economy amidst the given fiscal and monetary stimulus,” they said.

As per First Capital’s view, CBSL either can choose to hike policy rates by 50bps or 100bps or hold policy rates steady, while a rate cut is off the table due to the high debt repayment and the high domestic borrowing requirement.

First Capital believes that there is a 60% probability for a rate hike due to the remedial actions required in achieving external stability.

However, there is also a 40% probability to maintain the policy rates at its current level in order to further improve the high frequency indicators.30%, they noted.

Continue Reading

Business

Sri Lanka’s dash brand enters international markets

Published

on

Multichemi International Ltd, which manufactures and distributes a wide range of products under dash, one of Sri Lanka’s leading detergent and household care brands, has begun exporting its products to several international markets in Asia and Oceania, with plans also to enter Africa. The dash brand includes a wide range of products in car care, household care, home fragrances and laundry care sectors. Multichemi International Ltd, which has been awarded ISO 9001:2015 certification, is a Sri Lankan pioneer in environment-friendly cleaning products, having launched the country’s first biodegradable, safe cleaning products over 28 years ago.

Amila Wijesinghe, General Manager of the Company said,”Having conquered the domestic market, we are now ready to capture the international market. We are confident that our products which are of high quality will receive a good demand overseas as well. The feedback we have received so far from our overseas customers is extremely encouraging. We are dedicated to taking our products to the international market, to bring in foreign currency to the country and help uplift the economy”,

Continue Reading

Business

Janaka Abeysinghe appointed SLT CEO

Published

on

Sri Lanka Telecom PLC has announced the appointment of Janaka Abeysinghe as its Chief Executive Officer (CEO) with effect from February 1, 2022.

The incumbent CEO Kiththi Perera will be overseas on leave for a period of two years to pursue higher studies, according to a stock market filing by the company.

Abeysinghe joined SLT in 1991. In his present role, he leads the enterprise and wholesale business of SLT that provides integrated voice and data solutions to enterprises, government institutions, domestic telco operators and global wholesale carriers.

In his career at SLT spanning 29 years, he has held a number of senior positions, including general manager Enterprise and International Sales and has extensive experience in the areas of Enterprise Digital Services, Enterprise Communications Solutions, Data Communications, Business Development, Domestic and International Switching Operations and Global Wholesale Voice & Data Business.

He holds a Master’s Degree in Electrical and Computer Engineering from the University of Kansas, USA and a BSc degree in Electronics and Telecommunications Engineering with a First Class Honours from the University of Moratuwa.

Continue Reading

Trending