Cuisine Gastronome by Sri Lankan Catering bags three Gold Awards at the Sri Lanka Packaging Awards 2021
Illustrating the power of storytelling, clear communication and design elegance, ‘Cuisine Gastronome’, the heat and eat gastronomic product of SriLankan Catering, won three Gold Awards for its product packaging at the Sri Lanka Packaging Awards 2021. The packaging concept of Cuisine Gastronome appeals to the target audience with the clear and inspired design conveying a sense of gourmet food and fine dining, in the comfort of one’s home. Cuisine Gastronome clinched the three Gold Awards in the categories; ‘Food Packaging’, ‘Innovation’ and ‘Packaging that Saves the Food’. As a result, Cuisine Gastronome qualified for the World Star and Asia Star awards conducted by the World Packaging Organization.
Prestigious World Star and Asia Star awards honour companies with innovative and creative packaging designs for their products, taking into consideration areas of construction and materials usage, design, innovation technology and environmental consciousness.
“As the sole airline caterer to operate from BIA Katunayake, we at Sri Lankan Catering always exceled in culinary expertise. We have been catering to major international airlines such as Emirates, Qatar and Turkish Airlines. As an award-winning catering company, we remain steadfastly committed to the high quality of food, safety and hygiene standards. Hence, producing high quality consumer products was simply an extension of our existing excellence. We first launched Cuisine Gastronome during the first lockdown, when our revenue sources were fast dwindling due to the pandemic. But, it was challenging to reach out to our new customer base. We knew we had to maximize customer convenience to prepare the food within minutes while also retaining the nutritional integrity and flavours of our products. We are glad to have partnered on this project with the Dentsu Grant team who guided us from the very inception to the execution phase – their support in conducting research and benchmark studies across a number of areas supported us in understanding our audiences during challenging times.
The product soon captured consumer interest and we were able to reach the global market as well. The positioning of Cuisine Gastronome – ‘It’s Fine Home Dining’ beautifully captured the brand essence as well as the product promise we wanted to deliver to a discerning group of consumers,” said Mangala Wijesekara, Chief Executive Officer of SriLankan Catering.
“Packaging is not a communication piece that conveys product information alone. It is the spokesperson for the brand at the point of purchase – the key moment of truth. Packaging has to tie in all the aspects of a brand – the brand positioning, its values, emotional connection, consumer benefits, and the product promise creating a distinct brand experience that the target audience can believe in. It was a great pleasure working with SLC, building the next global Sri Lankan brand,” said Sajith Weerasinghe, Chief Strategy Officer at Dentsu Grant Group.
Sri Lankan Catering first launched Cuisine Gastronome in Sri Lanka. However, within a small-time frame, the product reached international markets, gaining popularity in Australia and the USA. The Company plans on making Cuisine Gastronome available across the globe, especially targeting markets with a sizeable Sri Lankan Diaspora.
Cabinet approves rationalization of VAT exemptions and abolition of SVAT System
The Cabinet of Ministers granted concurrence to the resolution forwarded by the Minister of Finance, Economic Stabilization and National Policies to remove most of the releases from Value Added Tax (VAT), further retaining releases that ease the pressure on low – income families to secure the fundamental sectors of the economy as well as the releases for sectors such as education, health and agriculture, as well as to revise the provisions applicable for the Value Added Tax (VAT) act so that the Simplified Value Added Tax (SVAT) methodology can be canceled with effect from 01.01.2024 by introducing a more formal methodology for repaying the Value Added Tax (VAT) and to instruct the Legal Draftsman to prepare a draft bill for the purpose.
Venora Lanka Power Panels to set up assembly plant in Australia
By Hiran H.Senewiratne
Sri Lanka- based, export- oriented manufacturer, Venora Lanka Power Panels (Pvt) Ltd, with a state of the art electric panel factory at the Export Processing Zone, Biyagama, will set up an assembly plant in Australia.
“Once we set up the electric panel assembly plant in Australia, we will export all our panels from Sri Lanka and that plant will do 30 percent value addition to the product to supply that market, the company’s chairman/ Managing Director, engineer Sagara Gunawardena told The Island Financial Review.
Gunawardena said that the company is a value- addition assembly plant and he would be investing AUS $ 2 million for the project to be set up in Melbourne and hire 100 engineers and other professionals. He explained that the venture has enormous potential.
Venora Lanka provides power panels to mega projects in Sri Lanka and exports to Bangladesh, Maldives, Kenya, Ethiopia, Seychelles and Myanmar. Panel assembling is strictly in compliance with IEC 61439 standards, it was explained.
Gunawardena added: ‘I firmly believe that, being a truly customer focused organization, every employee and every process in the organization has to be aligned behind delighting customers. Therefore, at a time when the country is facing a major dollar crisis, my company would be aiming at bringing dollars into the country, while providing employment for local professionals, especially engineers.
‘At Venora Lanka we do not try to change customers’ mindsets. Instead, we take time to understand what they really want and focus our brand on delivering that. Venora is values- driven first and cost- driven second – creating a unique brand proposition.
‘Since the US dollar rate has come down, it is our concern that importers and suppliers do not change their prices, which is really affecting the manufacturing sector.
Company sources added: ‘The company has several wings of operation, such as local and overseas projects, switch board assembling, telecommunication infrastructure installations, earthing, lighting and surge protection, incorporating world renowned brands.
‘Venora Lanka Power Panels is the first Sri Lankan company to receive the licence, in accordance with the UK Trade Mark Act 1994, to use the trade mark “Best Enterprise”. It won a global award at the event, ‘Golden Awards for Quality and Business Prestige’, held in Geneva, Switzerland, in 2015.
‘Within a short span of time, with the perfect blend of progressive thinking and expertise, Venora Group has expanded to consist of, Venora International Projects, Venora Telecom, Venora Industrial Solutions and Venora Lanka Power Panels (BOI approved). Further, Venora has established its overseas presence through Venora Engineering Kenya and Venora Engineering Myanmar.’
Share market moves into positive territory; indices up
By Hiran H. Senewiratne
CSE trading got off to a positive note yesterday but during the last session of the day the momentum slowed. However, the market is now moving towards positive territory following the Central Bank announcement of a downward trend in interest rates, market analysts said.
Amid those developments the market witnesses improvements in both indices and in the turnover.
The All- Share Price Index up by 12.8 points and S and P SL 20 rose by 6.97 points. Turnover stood at Rs 710 million with one crossing. The crossing was reported in JKH which crossed 430,000 shares to the tune of Rs 60.2 million; its shares traded at Rs 140.
In the retail market top seven companies that mainly contributed to the turnover were; JKH Rs 212 million (1.5 million shares traded), Access Engineering Rs 44.7 million ( three million shares traded), Lanka IOC Rs 34.5 million (264,000 shares traded), Browns Investments Rs 28.6 million (5.3 million shares traded), LOLC Finance Rs 23.8 million (4.7 million shares traded), Capital Alliance Rs 22.9 million (615,000 shares traded) and First Capital Holdings Rs 19.2 million (574,000 shares traded). During the day the 31.4 million shares volumes changed hands in 9000 transactions.
Yesterday, the Central Bank’s US dollar buying rate was Rs 285.16 and the selling rate Rs 298.85.
Sagala Ratnayaka leads Sri Lanka delegation to 20th IISS Shangri-La Dialogue
Prices of sixty essential drugs to be reduced from 15th June
Cabinet approval to publish draft bill on contempt of a court, a tribunal or an institution
‘Dates have the highest sugar content to fight Coronavirus’
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