Business
DIMO Academy for Technical Skills honours graduates at 31st convocation

DIMO Academy for Technical Skills (DATS) recently held its 31st Convocation ceremony at the Sirimavo Bandaranaike Memorial International Conference Hall to honour the graduates of the year 2022. The ceremony was a proud moment for the institute as it produced yet another batch of globally recognized Automobile Mechatronics technicians for the country.
The students who successfully completed the German Diploma in Automobile Mechatronics and Certificate course in Automobile Mechatronics were awarded at the ceremony. DATS is the first and only Vocational Education and Training (VET) institute in Sri Lanka to offer Automobile Mechatronics, which combines the Mechanical, Electrical, Electronics, and IT aspects of an automobile into a single comprehensive competence.
Holger Seubert, Ambassador of the Federal Republic of Germany to Sri Lanka was the Chief Guest of the convocation ceremony, which was also graced by the presence of Ms. Marie Antonia von Schönburg Chief Delegate of The Delegation of German Industry and Commerce in Sri Lanka (AHK), and Stefan Winkler, Director of the Goethe- Institute Colombo. The event was also attended by Mahendra Kumarasinghe, Director of the Sri Lanka Bureau of Foreign Employment, T. Senthuran, Director-Planning, Tertiary and Vocational Education Commission Sri Lanka, Ranjith Pandithage, Chairman & Managing Director of DIMO, Gahanath Pandithage, Group Chief Executive Officer of DIMO, Ms. Dilrukshi Kurukulasuriya, Executive Director/ CHRO of DIMO, and other officials as well.
Ranjith Pandithage, Chairman & Managing Director of DIMO said, Developing vocational education is a critical factor for the Economic growth in the country. DATS plays a significant role enhancing vocational education in the country through its dynamic training courses from Automobile Mechatronics, Electric and Hybrid Vehicle Technology to plant engineering. Fuelling the dreams and aspirations of the youth in Sri Lanka DIMO aims to empower them with the correct skill sets as their perfect talent partner.
This program is recognized as identical to the German equivalent, and its graduates are eligible to work in Germany. The certificate in Automobile Mechatronics is offered free of charge at DIMO’s Colombo and Jaffna Centres. .
Business
Oil prices rise as Saudi Arabia pledges output cuts – Opec+

Oil-producing countries have agreed to continued cuts in production in a bid to shore up flagging prices.
Saudi Arabia said it would make cuts of a million barrels per day (bpd) in July and Opec+ said targets would drop by a further 1.4 million bpd from 2024.
Opec+ accounts for around 40% of the world’s crude oil and its decisions can have a major impact on oil prices.
In Asia trade on Monday, Brent crude oil rose by as much as 2.4% before settling at around $77 a barrel.
The seven hour-long meeting on Sunday of the oil-rich nations, led by Russia, came against a backdrop of falling energy prices.
Total production cuts, which Opec+ has undertaken since October 2022, reached 3.66 million bpd, according to Russian Deputy Prime Minister Alexander Novak.
Opec+, a formulation which refers to the Organization of Petroleum Exporting Countries and its allies, had already agreed to cut production by two million bpd, about 2% of global demand.
(BBC)
Business
Manpower services agency wins accolades for its contribution to foreign employment sector

Its MD says. ‘go abroad only if you can work hard’
Siraj Manpower Services, one of Sri Lanka’s leading foreign employment agencies, was honoured with the Three-Star Award at the ‘Golden Awards’ 2023, organised by the Sri Lanka Bureau of Foreign Employment (SLBFE). This award ceremony was organised to honour foreign employment agencies that have made a significant contribution to the development of the foreign employment sector, which is a major source of foreign exchange for Sri Lanka. Siraj Cafoor, Managing Director of Siraj Manpower Services, was presented with the award at the award ceremony which was held at the BMICH in Colombo under the patronage of Minister of Foreign Employment and Labour Manusha Nanayakkara.
Having been established in 2002, Siraj Manpower Services (www.sirajmanpower.lk) has earned a reputation in the field of foreign employment by winning the trust of customers for more than 20 years. It has been offering job opportunities in the Middle East countries such as Kuwait, Qatar, Dubai and Saudi Arabia, and Malaysia as housekeepers, drivers, sanitation workers, labourers and also jobs related to the apparel industry. All these workers are entitled to approved salary scales certified by the SLBFE.
“We always stand for the safety of workers who go abroad through our organisation. We work to solve the problems that arise in relation to the contracts that the workers have entered into. I must mention something special to those who go abroad for employment. That is, you should keep in mind that you go abroad only to work. Go abroad only if you can work hard. You have to remember that you are going abroad to earn some more money and achieve the advancement of your family.” said Siraj Cafoor.
Business
Ports Minister invites Singaporean investors to develop Colombo North Port

The Minister of Ports, Navigation and Aviation Nimal Siripala de Silva was on an observation tour on 3rd of June to witness the operations and development of Singapore’s main port. During the tour, he had a special discussion with the head of PSA International Private Company which carries out the operations and development of the Singapore port.
Won Chee Fung, CEO of the company’s Middle East and South Asia arm said if there are investment opportunities for development and operations in the ports of Sri Lanka, they would like to apply for them.
The Minister told him that since the government has planned to start the development of the North Colombo Port, a suitable investment plan and proposal could be made for it. He also requested the heads of PSA International Private Company to provide a suitable proposal for the development of Trincomalee Port.
PSA International is one of the few largest companies operating in ports in the world, and 37,000 million containers are handled per year in Singapore’s main port alone.Officials including Assistant Vice President of PSA Company Lim Wei Chang, Chairman of JCT Oil Bank Company, Lakmal Ratnayake and representatives of the Sri Lankan Embassy in Singapore also participated in this discussion.
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