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DFCC Bank receives an honourable mention as one of Sri Lanka’s ‘Most Admired Companies’

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Sohantha Wijesingha - Senior Vice President  Corporate Banking (right) and Shan Heenkenda - Vice President - Employee Relations & Subsidiaries (left) received the Honourable Mention Award on behalf of DFCC Bank at the award ceremony of the Most Admired Companies of Sri Lanka 2021.

DFCC Bank, the premier commercial Bank in Sri Lanka, has been selected in the ‘Top 5 Honourable Mentions’ at the Chartered Institute of Management Accountants-International Chamber of Commerce Sri Lanka-Daily FT ‘Most Admired Companies of Sri Lanka 2021’ award ceremony.

The Bank received the honorary mention for its continuous efforts to create inclusive value for all, while building and securing a resilient Sri Lanka. The honorary mention highlights not only the Banks strong financial performance, but also the economic, social and environmental value created that impacts all shareholders, customers, employees and the wider community in general.

The commendation is also reflective of the long-term efforts throughout DFCC Banks 65-year history in development and commercial banking, and the strong market position it has gained backed by strong ratings from both local and international credit rating agencies. As the Bank for Everyone, DFCC Bank’s wide range of innovative, customer-centric activities has earned international recognition in the recent past, which has built up such admiration throughout the local industry.

The ‘Most Admired Companies’ are selected through a process involving a set of judges independently scoring the presentations made by the top management teams of each of the finalists. They are assessed on multiple attributes including the ability to attract and retain talent, the quality of products or services, their level of innovation, the role they play in the community and driving environmental, social and corporate governance. The organizations track record in terms of integrity and work against corruption in all its forms was also adjudged. This is followed by interactive sessions with the panel of judges and each management team to assess how well the organisations have adopted such business practices.

Commenting on the Bank’s achievement, DFCC Bank CEO Lakshman Silva stated, “DFCC Bank is indeed very proud to have received an honourary mention as one of the most admired companies in Sri Lanka. This is due to the significant, continuous, organization-wide effort to empower its stakeholders through innovative, world-class banking solutions. This accolade drives us to move further forward with our initiatives to create value for all with the goal of achieving an economically, socially and environmentally stable and resilient future.”



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Business

Passport Office collaborates with banks to boost international monetary transfers from migrants

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Central Bank Governor, Ajith Nivard Cabraal hands over a new account to a young migrant worker which he opened at the new HNB counter at the Passport Office yesterday, where Jonathan Alles, Managing Director/Chief Executive Officer of HNB was present. Pic by Thushara Athapaththu

by Sanath Nanayakkare

People’s Bank, National Savings Bank , Sampath Bank, Hatton National Bank and Commercial Bank of Sri Lanka yesterday established new banking counters at the Department of Immigration and Emigration, at ‘Suhurupaya’, Battaramulla.

The initiative is intended support the Central Bank’s ongoing effort to boost the country’s foreign reserves by offering migrant workers access for safe, official remittance channels from the time they obtain new passports or renew their passports for international jobs.

Ajith Nivard Cabraal, Governor of the Central Bank of Sri Lanka who was the chief guest of the opening ceremony said,” A lot of Sri Lankans go overseas for jobs and send their hard-earned money to Sri Lanka. Sometimes they face various issues when remitting money. So we thought we should provide the opportunity for them to open an account as they obtain their passports at the passport office which they can operate with greater ease and trust when sending money to their families from abroad. The Controller of Immigration and Emigration, his staff, the officials at the Central Bank and at other relevant banks worked in unison to establish their counters here just within a week. This shows that government institutions can collaborate with the private sector and quickly accomplish any task for the benefit of the country and its people. Our hard-working migrant workforce will enjoy the convenience and reliability of this service. As a result of it, more foreign money will flow into the country and the nation will reap benefits from it,” he said.

Workers’ remittances have been a key pillar of Sri Lanka’s foreign currency earnings that has nearly 100 per cent of domestic value addition, providing a substantial cushion for external sector resilience of the country. Workers’ remittances have covered around 80 per cent of the annual trade deficit over the past two decades, and strengthening remittances inflows to the country brings several socio-economic benefits including the smooth supply of forex inflows to the formal banking system.

The Central Bank of Sri Lanka established a new department named ‘Foreign Remittances Facilitation Department’ with effect from November 3, 2021 to facilitate and streamline workers’ remittances inflows to the country.

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SLT-MOBITEL powered SLIOT Challenge 2020 and IESL RoboGames 2020 fostering innovation

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SLT-MOBITEL, the National ICT, Telecommunications and Mobile Services Provider was the proud sponsor of SLIoT Challenge 2020 and IESL RoboGames 2020, championing innovation in Internet of Things (IoT) and robotics to reward and further develop a pipeline of tech talent and critical skills among Sri Lanka’s youth. The winners of the competitions were honoured at a special ceremony held recently.

SLIoT Challenge 2020 and IESL RoboGames 2020 was a collaborative effort between SLT-MOBITEL, the Department of Computer Science & Engineering of the University of Moratuwa and the IT and Computer Engineering Sectional Committee of Institution of Engineers of Sri Lanka (IESL). Recognising the value of promoting digital inclusion among youth and to develop new generation technology concepts, SLT-MOBITEL sponsored the event for the fourth consecutive year. Both competitions encourage technological innovation among youth which in turn provides avenues for SLT-MOBITEL to capitalize on its futuristic thinking towards a connected future.

The SLIoT Challenge 2020 theme centred around the current pandemic ‘Overcoming COVID-19 with IoT’ and over 77 submissions were received. SLT-MOBITEL comprehends that IoT is being widely embraced with the number of connected devices growing rapidly. SLT-MOBITEL recognizes that driving an IoT competition for Sri Lankan youth allows students to unleash their potential in the IoT domain and acts as a gateway to support the country’s evolution towards digital transformation.

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Akshata launches unique new tea blends

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Akshata brand, a pioneer in promoting health and wellness the traditional way presents herbal tea alongside honey/jaggery as an alternative to sugar, redefining tea consumption.

Akshata ‘Ranawara’ herbal tea which promotes clear skin and health benefits for the body is dedicated to Queen Soma Devi who was acclaimed for her beauty, bravery, and sacrifice to save King Valagamba in 77 BC.

Managing Director of Grains N Green, Roshan Perera says, “In addition to the myriad of health benefits, consumers are encouraged to experience a taste of nostalgia with each sip of Akshata herbal tea. Today’s health-conscious consumers increasingly buy items that support their nutrition and fitness. Sugar is no longer included in this list due to its negative impact on one’s health. That’s why we have introduced healthy alternatives for sugar. Putting honey or jaggery in tea is a much healthier choice than using sugar as it does not raise blood sugar levels as quickly, and with our product you can get the tea as well as

the sweeteners all in one pack. This saves time, money, and is a healthier alternative to drinking tea with sugar.”

Akshata herbal tea with bees honey/Jaggery is available at Spar and Glomark supermarkets and can also purchase online at askshatastore.com

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