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CMG future-focused to get its leadership closer to the ground

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A year after Sashi Rajamahendran took over the reins of the Capital Maharaja Group (CMG), the conglomerate is going through some sweeping changes. The Group is broad basing its decision-making processes to give more opportunity for career growth at all levels of its management structure, the CMG said in a statement.

The following is the text of the Group statement: “In line with that, two new positions have been layered in, with Group Directors Nedra Weerasinghe and S.C. Weerasekera both being appointed as Group Director/Chief Operating Officer (COO) to helm the Group’s Industrial and Retail/Strategic Business hubs respectively.

Chairman of CMG, Sashi Rajamahendran says apart from laying a strong emphasis on recognising the sustained achievement of its people from time to time, the Group believes in blending its expertise across the Group’s multiple businesses. “This allows for maximum synergistic benefits to them as well as the Group.

Nedra and Shan are two Group Directors on the Main Board, involved in handling operations. They have served the Group with panache and have handled two of the most important business hubs over the past several years. We believe the specific portfolios assigned to them under the new positions will give them the impetus to further grow the business.”

Effective from 23 June 2022, S C Weerasekera will be Group Director/COO of CMG’s Industrial Hub, continuing to give leadership and grow business for S-Lon, PE+, Kevilton, Kansai Lanka and Herrero.

Nedra Weerasinghe will be the Group Director/COO heading the Group’s retail hub and strategic business initiatives. While the retail segments of the Group are relatively new, it is a key area of focus for the future expansion and development of the Group.

Sunil Kanojia, Group Director/CEO of CMG will continue to lead all CMG operations and he will guide both Shan and Nedra in their new roles.

The media company which has organically grown in the last 30 years is also being restructured to ensure better clarity and focus in the news and entertainment business. Chevaan Daniel, who is currently the Group Director in charge of News First, will also now provide leadership to MTV Channel (Private) Limited.

“The current situation in the country requires all of us to be agile and receptive to change. We as a Group, throughout our 90 years of existence have faced many adversities and overcome them with fortitude and innovative thinking. In facing today’s crisis which is not only local but spreading across the globe, we need our leaders to be closer to the ground, and respond intelligently and appropriately to the changes that can come very fast and even be devastating at times. This is not a time to be relying only on our standard operating procedures but to be creative in our approach. I am confident the management restructuring will get CMG ready for the next level of growth and wealth creation,” says the Chairman of CMG.The Group with its ‘Employees First’ ethos is moving boldly to its next phase in the ever-changing business environment.”



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Pakistan Navy ship arrives in Colombo

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Pakistan Navy Ship (PNS) Taimur arrived, at the port of Colombo, on a formal visit, yesterday morning (12). The visiting ship was welcomed by the Sri Lanka Navy, in compliance with naval traditions.The 134m-long ship is commanded by Captain M. Yasir Tahir and it is manned by 169 as the ship’s complement.

The Commanding Officer of PNS Taimur is scheduled to call on Commander Western Naval Area, at the Western Naval Command Headquarters, today. The ship is expected to remain in the island, until 15th August, and the crew of the ship will take part in several programmes, organized by the Sri Lanka Navy, to promote cooperation and goodwill between the two navies.

PNS Taimur is also expected to conduct a naval exercise with the Sri Lanka Navy in western seas on its departure on 15th August.

Meanwhile, PNS Tughril, an identical warship belonging to the Pakistan Navy, arrived in Sri Lanka on an official visit on 13th December 2021 and conducted a successful naval exercise with SLNS Sindurala off the western coast on 16th December. Naval exercises of this nature with regional navies will enable each partner to overcome common maritime challenges in the future, through enhanced cooperation.

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Stalin reads riot act to govt. over proposal to allow schoolchildren to work part time

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By Rathindra Kuruwita

The Alliance of Trade Unions and Mass Organisations yesterday warned that the government’s decision to allow schoolchildren, between the ages of 16 and 20, to work part time, would have disastrous consequences.Addressing the media on 11 Aug., General Secretary of the Ceylon Teachers’ Union, Joseph Stalin, said that the government was planning to amend laws, allowing schoolchildren to work in the private sector for 20 hours a week.

“Now, this may look like a progressive idea. A lot of families are

struggling and if another family member can chip in, it would be a great help. I am sure a lot of children feel the same way. It is also true that there may be children who will find great jobs and horn their skills,” he said.However, these proposals have come at a time when education is in crisis and the schools are on the verge of collapse.

“During the last two and a half years, most children have learnt nothing. But children who go to elite schools are doing better. These schools have systems in place, but most others don’t. Children who do not go to tier one schools have suffered and most children who do not go to such elite schools will not find part time work that will prepare them for the jobs of the future,” he said. “It’s not easy to balance school work with vocation training, especially physically intensive work. Most people will drop out and social mobility will further stagnate. Fix the education system first and create a more level playing field,” Stalin said.

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Harsha: Will RW use Emergency to steamroller his economic reforms?

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By Saman Indrajith

SJB MP Harsha de Silva yesterday asked President Ranil Wickremesinghe whether the latter was planning to use Emergency powers to suppress the people who might oppose his economic reform agenda.

“It is being asked why the government wants to continue the State of Emergency. The anti-government protesters have gone home. There is no unrest. There are those who say that the President wants to keep the Emergency laws to carry out economic reforms. Does that mean the President will use these laws to scare people into submission if they do not accept his economic reforms? I don’t think people can be intimidated. I want the President to answer this question,” he said.

MP de Silva said that the government did not have public support and that it was obvious that the spectre of the Rajapaksas was haunting the government.

“I agree that Wickremesinghe was appointed constitutionally. We have to work within the Constitution. However, the 134 votes he received on 20 July were not realistic. They have managed to manipulate the Constitution, but the government doesn’t have the support of the people. The problem is can the government win the support of the people,” he said.The SJB lawmaker added that Sri Lanka needed to restructure its debt. However, the country had not even started the process.

“One of the consultants we hired, Lazard, says that we have to start with China because it is new to debt restructuring. But we have not done so. Not only that, we have in fact started a diplomatic issue with China. What’s the front page news today? Can this government solve this sensitive international issue? Can it carry out the necessary economic reforms?” he asked.

MP de Silva said that the government had to work with the people and that it had to be honest with them. The government needed to present a common programme on which an all party government could be established.

“In 2020, we said that the government was on the wrong path and that we needed to seek IMF assistance. The government didn’t listen. We need an all-party programme to go before the IMF and get a decent deal. Today, I present to Parliament an economic recovery plan we have prepared. When we decided to throw our weight behind SLPP MP Dullas Alahapperuma, I was entrusted with the task of making an economic plan. We have run it through experts too. I ask the MPs to look at this and suggest improvements.”

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