Sri Lanka was further able to strengthen its cultural and historical friendship with its Indian counterparts by organizing the first ever ‘’Murugan Trail ‘’ from South India, which was a Media FAM Tour organized by the Sri Lanka Tourism Promotion Bureau, in collaboration with the Sri Lanka Deputy High commission in Chennai, from 3rd to 13th August 2022.
This was seen as a good initiative as the country is recovering slowly from its economic crisis, where the Tourism sector also suffered a considerable setback, with several countries issuing travel advisories. Sri Lanka Tourism is back on track with the hope of bringing one million tourists this year, where tourist arrivals are on the rise with the gradual relaxation of travel advisories at the same time. India has been exceptionally helpful towards its neighbor during this crucial period, by bringing the most number of tourist arrivals to the destination, recorded as 74,792 for the month of July 2022.
The main purpose of organizing this FAM Tour was to promote the ‘’Murugan Trail’’ to South Indian tourists, who have a deep connection with Lord Murugan and the festivals as Hindu devotees. Nallur festival in Jaffna and Kataragama Esala Festival are held annually to pay homage to Lord Murugan. Nallur Kandaswamy Kovil or Nallur Murugan Kovil is one of the of the most significant Hindu temples in the Nallur, Jaffna. The Nallur Festival in Jaffna in August is the island’s longest festival. Spanning 25 days of vibrant chariot processions, drumming, dancing and acts of self-mortification, held in honor of the war god Skanda.
Kataragama temple is mostly worshipped by Sinhalese and Hindu devotees. Kataragama plays a very pivotal role as it is a religious place of worship by both Sri Lankans and South Indians alike. Murugan, is the Hindu god of war, the son of Parvati and Shiva, the brother of Ganesha and a god whose legends have many versions in Hinduism. Skanda has been an important deity in the Indian subcontinent since ancient times, worshipped as Mahasena and Kumara in North India and is and predominantly worshipped in the state of Tamil Nadu and other parts of South India, Sri Lanka, Singapore, and Malaysia as Murugan. He is also known as the God of the Tamil people’’. Therefore, the Kataragama Esala Festival is also a crucial part of the Murugan Trail.
In this regard, the Kataragama Esala Festival is a crucial celebration where Kataragama temple is dedicated to lord Murugan and is also known as ‘’Skandha’’ who is known among the Sinhalese as the “Kataragama Deviyo”. The Kataragama Esala Festival also holds an important place in the ‘’Murugan Trail ‘’ because of its historic connection. Due to this reason, many South Indians come to Sri Lanka as Pilgrims to worship.
‘Expolanka Holdings steadfast in posting stabilized Q3 results’
Expolanka Holdings PLC recorded a steady 9-month performance as at December 31, 2022 amid declines in the overall global markets. Reflecting the underlying strength of its business and success in pursuing a consolidated strategy, the combined 9-month performance delivered a strong endorsement in overcoming challenges in the macro environment with Year-to-date Revenue of Rs. 491Bn, Gross Profit Rs. 85.9Bn and Net Profit Rs. 32Bn. International business continued to generate above 95% in contribution, demonstrating the robust earning potential of the company, an Expolanka Holdings press release said.
The release adds: ‘However, declines in international trade moderated Q3 FY 2022 earnings, recording a Revenue of Rs. 94.2Bn, Gross Profit of Rs. 20.6Bn and a Profit after Tax of Rs. 3.0Bn.
‘Contributing to company earnings was the logistics sector which navigated the challenging macro-economic environment and adopted longer-term strategies concentrating on business fundamentals. For Q3, the sector posted a Revenue of Rs. 92Bn, Gross Profit of Rs. 19.9Bn and Profit after Tax of Rs. 2.7Bn delivering a YTD Profit after tax of Rs. 30.1Bn.
‘Impacting revenues were a reduction in operating volumes across Air Freight and Ocean Freight products due to the overall slowdown in global trade volumes on grounds of high inventory levels, inflationary fears and the global energy crisis. The Air Freight business encountered a relatively larger impact due to challenging market conditions resulting in weakening demand and reduced volumes.
‘Focusing on increased customer penetration, developing partner networks and enhanced competencies, the company was successful in gaining cumulative progress in the Ocean Freight product.
‘The North American trade lane continues to remain the critical business driver for Expolanka, while the European and Intra-Asia companies remained resilient.
‘Reinforcing growth and sustaining improved margins was also due to the company’s focus on strengthening customer relationships, attracting selective new customers and engaging in proactive procurement strategies.
‘Key EFL origins also delivered strong results, reflecting the success of the infrastructure investments made into these markets.
‘The Group’s stabilized 9-month performance was also aided by the continued resurgence in the leisure sector. In Q3 the sector delivered a Revenue of Rs. 725Mn, Gross profit of Rs. 578Mn and Profit after tax of Rs. 202Mn by strengthening its market position focusing on efficient procurement and operational excellence.’
‘Recording a revenue of Rs. 1.6Bn and a Profit after Tax of Rs. 41Mn, the Group’s investment sector remained steady making progress across its business portfolios.
‘Despite the global macro environment remaining uncertain and challenging in the future, Expolanka aims to forge ahead, unwavering in its approach to deliver on earmarked strategic initiatives building on its strong performance. The company stands persistent towards generating accelerated growth and innovation while remaining true to its core values by reaffirming its long-term commitment and challenging the status quo to seize opportunities in the market that would predominantly secure its position as a market leader.’
Sanasa Life Introduces “Pinsaru Vandana” – A Premium Insurance Policy for Buddhist Clergy
Helping to elevate and protect the Buddha Sasana, Sanasa Life Insurance has introduced a very special and tailored insurance policy for Buddhist Monks. The “Pinsaru Vandana” insurance policy provides a specialized insurance scheme addressing the special needs of Buddhist Monks. An auspicious inauguration ceremony was held, in the presence of several senior members of the Buddhist Clergy on the 17th of January 2023, at the Sri Sambudhdhatva Jayanthi Mandiraya in Colombo. A total of 300 Buddhist Monks were in attendance at the event, and gave their blessings for this special insurance scheme. A group of dignitaries, including Wishawa Prasadini, Dr. P. A. Kirivandeniya and Piriwena Director, Venerable Watinapaha Somarathana Thero, were also present and played key roles during the event.
“Pinsaru Vandana” is an insurance scheme that provides relief and protection for junior monks, in the event of the death, serious illness or incapacitation of their patron/senior monk. In such an unfortunate event, junior monks can often become destitute and or marginalized. Thus, “Pinsaru Vandana” will help to protect these young monks as they pursue their journey and mission of elevating and sustaining the Buddha Sasana.
Technocity hosts ‘Together We Win’ training programme in Thailand
The Technocity Pvt. Ltd., the leading Sri Lankan IT Distribution Company, recently held a three-day ‘Together We Win’ training programme at the Rembrandt Hotel in Bangkok, Thailand.
The event, in partnership with HP, invited The Technocity’s top 10 Partners for training in gratitude for the continuous support they have shown towards helping the company develop its business.
The event featured esteemed speakers, including Gehan Thangappan (Business Head, The Technocity), Manish Gawri (Hp Inc., Notebook), T Natarajan (Hp Inc., Print) and M. Kalim (Sales Manager, The Technocity).
The sessions covered various pertinent topics while the invitees viewed a series of product videos during the training to further understand the complexities of the products.
Addressing the invitees, Gehan Thangappan said, “We started small, as all new businesses do, but we’ve grown beyond our borders. This is all thanks to our valued partners and customers who have helped us achieve newer and higher ground. Grateful as we are, we also look forward to providing our diverse clientele with the best products and top-notch service as always.”
The Technocity also conducted a F2F discussion with the partners, briefing them on the way forward and announcing the channel incentive schemes in place targeting Ink Tank Printers. Prior to the conclusion of the event, the attending partners partook in a quiz segment and were treated to exciting giveaways.
“We are very happy with the success of this programme. The training had a very good impact, especially as it was held out of the country and it motivated partners. It was also significant for us as it was the first event we had held overseas after Covid,” Thangappan added.
The Technocity Pvt Ltd is one of the leading distributors in Sri Lanka for IT products and services. In the nearly three decades since its establishment, The Technocity has grown to become one of the most trusted names in the industry. The company is also the first local distributor for HP in Sri Lanka and boasts a portfolio of representation for notable brands like Asus, Lenovo, MSI, Logitech and Viewsonic.
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