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Handcrafted Gifts from the Finest Artisans on Earth

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Lakpahana situated in Colombo 07, across from the Colombo Race Course opened its doors in December 1973. It was founded by Deshamanya Mrs. Siva Obeyesekere. It has gained popularity amongst customers for its wide array of Sri Lankan handicrafts, offering an extensive range of choice for local and foreign customers. Lakpahana is a traditional Sri Lankan gift and souvenir shop. For more than 45 years it has marketed and sustained Sri Lankan handicrafts. Recommended by Trip Advisor, a member of the World Crafts Council and with many UNESCO Excellence Awards for its crafts, Lakpahana is truly representative of Sri Lanka’s rich craft heritage.

Sri Lankan handicraft production has been traditionally handed down generation to generation. Handicrafts have a strong link to the environment and to Sri Lankan way of life. Sri Lanka is well known for its beautiful crafts. It consists of many different products made out of many different raw materials. Folk crafts of a country also reveal a historical process of evolution in relation to the concept, quality, techniques and material used. Craftsmen attached to Lakpahana have earned an international reputation for quality, originality, variety of designs and motifs. Most of the finished products are fascinating expression of local concepts. One of the main objectives of Lakpahana is to preservation the diversity of Sri Lankan handicrafts. Crafts are the symbols of a particular culture.

Lakpahana is the one of the largest and most exclusive store of its kind in Sri Lanka. It brings together the right quality and standard of all Sri Lanka’s arts and crafts under one roof. Here you will find beautiful handicrafts with over 2500 years of tradition, medieval period arts and crafts and modern Sri Lankan crafts and designs. It represents a special bond of commercialism combined with traditionalism offering services to upgrade the social economic position of the craftsman.

Lakpahana is a store which has exquisite silverware, silver jewellery, elegant brass, copper, oxidized and pewter ware, beautifully patterned dumbara and pung weaving mats, ladies handbags, delicate lacquer ware, intricate wood carvings, reed and rush ware, handloom items, embroidery, lace work, batik, educational toys, painted wooden wall hangings, earthenware are some of the better known handicrafts.

Today with the changes in social trends, handicrafts have taken on a new dimension. They are now not only artifacts of beauty but are utilitarian objects absorbed into modern day living. Most handicrafts use traditional motifs, colours and designs for decoration. The demand for new designs from the existing range of handicrafts and new innovations adopting traditional techniques and motifs are constantly increasing. The crafts people and artisans of Lakpahana strike a balance between tradition and modern day trends by combining two or more raw materials finding new uses for existing handicrafts and by introducing modern art in the way of colours, motifs and techniques. Finding new utility value for traditional crafts or by adding value to the existing range, these crafts have been transformed into articles for modern day living.



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Rootcode wins Startup of the Year and People’s Choice Award at SAARC Startup Awards 2022

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Rootcode, one of Sri Lanka’s leading tech companies, recently took home the “People’s Choice Award” in addition to being bestowed with the “Startup of the Year” title at the SAARC Startup Awards 2022. This regional recognition marks a significant milestone for the Sri Lankan tech space and workforce. Rootcode’s mission to build great tech is well underway, and it is gaining traction faster than ever.

This is the first time a Sri Lankan tech company has made a name for itself in the regional competition, and it is a watershed moment that has focused the global spotlight on Rootcode’s distinct approach to fostering innovation in Sri Lanka. This is also the first time that a Sri Lankan company was able to take home two awards of those presented at the SAARC Startup Awards.

Global Startup Awards SAARC celebrates the spirit of entrepreneurship and promotes bridging boundaries through innovation in its regions, which include Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka, by recognizing them with its most prestigious awards program, attended by top-notch entrepreneurs, corporates, investors, and ecosystem builders from Nordic, Central Europe, SAARC, and ASEAN regions.

Every year, the SAARC Startup Awards bring together hundreds of South Asian startups, entrepreneurs, investors, co-working spaces, and accelerators to provide a platform to highlight trailblazers in the region’s startup world. Rootcode was chosen ahead of dozens of other regional tech startups in the competition.

Sri Lanka is a relative newcomer to the South Asian startup fraternity, and Rootcode’s ability to represent the country on the global stage not long after its inception is remarkable.

“We are extremely humbled and honored by the support shown to us at the SAARC Startup Awards 2022, and being recognized under two categories is a huge milestone for us,” said the CEO and Founder of Rootcode Labs, Alagan Mahalingam. “We have always been driven forward by excellence, collaboration, and integrity, which I believe is the reason why we have come so far and why Rootcode continues to grow every day.”

Rootcode is driven by its focus on helping businesses build great tech not just locally but globally, and its achievement at the SAARC awards stands as a testament to that. Despite the challenging times, this is a win for Sri Lanka.

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INSEE Cement felicitates Sri Lanka’s youngest Commonwealth medallist

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INSEE Cement awarded aspiring wrestler, Nethmi Ahimsa Fernando, who won a Bronze Medal for Sri Lanka at the recently concluded Commonwealth Games in Birmingham, LKR 1 million cash reward, to support her to pursue her passion. Suranga Kumara, her coach, also received LKR 250,000 cash reward, in appreciation of his contribution towards Nethmi’s recent achievements. INSEE Cement has also pledged to support Nethmi’s aspiration to represent Sri Lanka at the 2024 Olympic games, while also providing the entire cement requirement for the completion of her new house, which is presently under construction, in collaboration with the Manusath Derana initiative.

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Textile maker Teejay knits strong start to 2022-23

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Q1 revenue more than doubles to Rs 23.9 billion

Teejay Lanka PLC has made a positive start to 2022-23 posting Group revenue of Rs 23.9 billion for the three months ending 30th June 2022. The Group achieved nearly half its full-year revenue of 2021-22 in just the first quarter of the new financial year as a result of the low base of the previous financial year due to the impacts of COVID, the depreciation of the Rupee and the passing on of yarn price increases during the last quarter.

In a filing with the Colombo Stock Exchange (CSE), Sri Lanka’s largest textile manufacturer said it had also recorded significant growth in pre-tax and net profit at both Group and Company level in the quarter reviewed.According to interim financial statements, Group profit before tax for the three months grew by more than Rs 1 billion or 291% to Rs 1.5 billion, while Group net profit for the period was up 301% to Rs 1.2 billion.

At Company level, revenue improved by 108% in the quarter under review to Rs 12.9 billion, while profit before tax grew by 323% to Rs 1.5 billion, and net profit increased by 311% to Rs 1.3 billion.

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