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Crysbro helps improve farming practices in Kantale

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Crysbro, a major player in the country’s poultry industry recently spearheaded the development of a water irrigation system to strengthen and elevate farming practices in the Suriyapura and Helambayaya villages in the Kantale region, a company news release said.

Launched in association with the Department of Mahaweli Development and Environment and The Ministry of Irrigation, Crysbro’s latest initiative aims to alleviate rural poverty in these villages deeply affected by constant drought and the 30-year long civil war in Sri Lanka.

“The new irrigation system provides these two villages with a permanent source of water to nourish their farming practices all year long, allowing them to cultivate during both the Yala and Maha seasons; a previously unknown reality due to constant droughts,” the release said.

“Although the Mahaweli River flows past this region, villagers were unable to construct a small canal as close as four km away, which is the ideal location for a primary water source for their cultivations. While several attempts were made to inform political authorities regarding their critical requirement, none have proven to be successful.”

Commenting on the initiative, Chairman – Farmer’s Association of Kantale Helambayaya G.G. Bandula, “Although our farmers have made numerous attempts to cultivate during the Yala and Maha seasons after the war, we were not successful due to insufficient access to a reliable water source. Due to the unpredictable nature of rains in the region, we have long suffered from constant droughts for most part of the year.

“The answer to this predicament was a permanent water source in the form of a canal dug just 4 km away from the villages that is fed by the Mahaweli River. We took various measures to make this project a success, but in the end, it was with Crysbro’s vision that we were able to make our long – cherished dream a reality.”

“The new canal was built upon the fervent request of the Helambayaya Farmer’s Association, and was given technical support and approval by the department of Mahaweli Development and Ministry of Irrigation. Crysbro also provided state-of-the-art excavating machinery and earth moving equipment free of charge, towards the success of this project” Crysboro said.

“As a fully home-grown company, Crysbro has always been at the forefront of spearheading initiatives that uplift the rural population and alleviate rural poverty. Over the years, our initiatives have made a significant contribution to elevate agricultural infrastructure in the country as well as to create new entrepreneurs within these communities thereby bringing employment opportunities and a steady source of income for a large number of families. In many areas in Kantale too which was a region deeply impacted by the Civil War, we managed to embolden and elevate the living standards of communities by offering entrepreneurship opportunities and improving their agricultural infrastructure to conduct cultivation operations better and faster,” Crysbro Senior Marketing Manager, Amores Sellar said.



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SLT-MOBITEL AkazaLMS enables corporate employee capability development

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As SLT-MOBITEL, the National ICT solutions service provider, continues to play a pivotal role in driving Sri Lanka’s digital transformation through its Cloud-managed offering, SLT-Mobitel AkazaLMS takes centre-stage as the nation’s leading Learning Management System (LMS). SLT-Mobitel AkazaLMS offers a unique, locally developed, comprehensive enterprise learning solution designed to cater to diverse training needs without compromising on quality.

Commenting on the initiative Chief Enterprise & Wholesale Officer of SLT, Lakmal Jayasinghe said “Especially in today’s competitive environment where human capital is more important than ever, companies need to create a learning strategy that aligns to robust curricula, employing relevant and available learning methods and technology. Addressing this need, SLT-Mobitel AkazaLMS Cloud is an enterprise e-learning solution hosted in Sri Lanka on the top of a private cloud, providing corporate and institutional customers the ability to deliver their own learning material to their users with zero cost infrastructure. With greater convenience and without additional IT resources, customers have access to their own training needs via a simple web browser”.

Empowering corporates and educational institutes, SLT-Mobitel AkazaLMS is a comprehensive locally developed platform, containing a self-portal where the user develops their own e-learning and purchase it as a SaaS product. Especially during these challenging times, when classroom lectures are not possible and distance learning methods vital, the SLT-Mobitel AkazaLMS facilitates exams, assignments, quizzes, etc. tailor-made and customised for corporates and educational institutes targeting their own specific needs.

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LIOC shows stability in earnings and margins compared to volatility during previous years

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First Capital expects stability in LIOC earnings and margins ahead, compared to the significant volatility witnessed during the previous years.

“With the new pricing formula, we expect a stable outlook for LIOC which is currently trading at a TTM PER of 7.5x on FY22 earnings while also trading at a PBV of 1.5x”, they said.

“The government’s implementation of the new fuel pricing formula on 24th May 22 includes all costs incurred in importing, unloading, distributing to the stations and taxes. With that, fuel prices will be revised on a monthly basis, and if necessary, it will be reviewed every two weeks. Accordingly, the next price revision was scheduled for 24th Jun 22. Considering the price revision, In addition to that, Sri Lanka’s Cabinet has approved a bill to impose a 2.5% tax on companies with an annual turnover of LKR 120.0Mn, which will only have a marginal effect on company margins.”

“With regards to investment in joint venture, LIOC has invested in Trinco Petroleum Terminal (Pvt) Ltd (TPT) in Jan-22 and acquired 49% of the stake with CPC which holds 51% of the ownership of TPT in order to develop 61 tanks at the Trincomalee Oil Tank Farm and allied facilities in the Upper Tank Farm of the China Bay Oil Tank Farm. Also, LIOC has entered into a Lease of State Land with the Government of Sri Lanka for a term of fifty years to develop the Lower Tank Farm of the China Bay Oil Tank Farm,” First Capital said.

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Lanka Hospitals Academy partners with NSBM Green University

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From left: Training Academy of Lanka Hospitals, Senior Executive - Ms. Chamalika Senarathna, its Senior Manager - Ms. Thanushka Waduge, Lanka Hospitals’ Deputy Chief Executive Officer/ Director Medical Services - Dr. Lasantha Karunasekara, Lanka Hospitals’ Group Chief Executive Officer - Deepthi Lokuarachchi, NSBM Green University, Dean, Faculty of Science - Dr. Nuwanthi Katuwavila and other officials

to offer clinical training for nursing undergraduates

Lanka Hospitals Academy has partnered with NSBM Green University to launch a professional clinical training programme for nursing undergraduates of NSBM. The initiative will offer prospective undergraduates of NSBM’s nursing degree programme an opportunity to obtain hands-on training in a fully equipped real-world clinical setting through Lanka Hospitals Academy, under highly experienced and qualified medical professionals. The mutually beneficial partnership is aimed to facilitate and enhance skill development in the practice of nursing, which is vital for the career development of nurses in the nursing workforce and the healthcare industry at large. The partnership with NSBM is the latest initiative by Lanka Hospitals Academy, which aims to optimize synergies with its industry stakeholders.

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