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HCL Technologies celebrates one year in Sri Lanka

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Srimathi Shivashankar - Corporate Vice President, HCL Technologies

HCL Technologies, a leading global technology company, has completed one year of operations in Sri Lanka and recently surpassed a milestone of recruiting more than 1,000 local employees, including recent graduates as well as seasoned industry professionals.

HCL entered Sri Lanka in 2020 with an aim to make it a global delivery hub that works on technology programs for some of the biggest corporations in the world. The company now has a global delivery centre in Orion City, Colombo, and is expanding its footprint to Cinnamon Life, a state-of-the-art office space, in the city.

During its one year of operation in the country, HCL has launched several programs to nurture and attract new talent. For young graduates who have completed three-year or four-year studies in technical and non-technical streams, HCL Sri Lanka offers an opportunity to join the company as software engineers or IT analysts. Earlier this year, the company also launched its early career program HCL TechBee to give A-Level students a head start to pursue their career path in the IT industry and pursue higher education from Horizon Campus, a leading university in Sri Lanka. In addition to programs for new graduates, HCL Sri Lanka continuously hires experienced professionals for roles in digital, applications and infrastructure management and actively engages with talent through a host of online webinars and programs to drive its recruitment efforts.

“We are delighted to celebrate our first year of success in Sri Lanka,” said Apparao VV, Chief Human Resources Officer, HCL Technologies. “We are optimistic about the country’s growth prospects and look forward to bringing in more global opportunities to the local community. Sri Lanka has an extremely talented and world-class pool of IT professionals, and we are certain our family here will continue to play an increasing role in serving our Global 2000 clients and partners situated all over the globe.”

“On the first anniversary of our entry in Sri Lanka, we are extremely proud to have more than 1,000 locals working at HCL Sri Lanka,” said Srimathi Shivashankar, Corporate Vice President, HCL Technologies. “HCL is immensely grateful for continued support from the Board of Investment and the Government of Sri Lanka as we strengthen our base in the country.”



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Business

Singapore economy grows 4%, beating forecasts

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[File pic] Singapore The Singapore skyline on June 30, 2020 [Aljazeera]

Singapore’s economy grew 4 percent in 2024, comfortably beating forecasts, according to preliminary government figures.

Gross domestic product (GDP) expanded 4.3 percent in the October-December period, Singapore’s Ministry of Trade and Industry said on Thursday, lifting full-year growth to its strongest performance since 2011, excluding the post-COVID-19 pandemic rebound in 2021.

Officials in the Southeast Asian nation had in November forecast growth for the year at about 3.5 percent.

Manufacturing, a major driver of the city-state’s export-reliant economy, expanded 4.2 percent in the last quarter, while construction and services grew 5.9 percent and 4.3 percent, respectively.

In a New Year’s message, Singapore Prime Minister Lawrence Wong said most workers had seen their wages outpace inflation and could expect to see their incomes continue to rise.

“Unlike in many developed countries, we are not plagued by unemployment and stagnant wages,” Wong said.

Wong, however, acknowledged that Singapore’s economy was not immune from geopolitical tensions, such as the wars in the Middle East and Ukraine.

“Across many countries, cost of living pressures continue to weigh heavily on families and communities. People feel a deep sense of angst and anxiety about the future,” he said.

Singapore’s Trade Ministry in November said it expected growth of between 1 and 3 percent in 2025.

[Aljazeera]

 

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National Savings Bank begins 2025 on a high note

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National Savings Bank (NSB) ceremonially commenced the first working day of the New Year, 2025, at the Head Office premises of the Bank, at Kollupitiya, on 01.01.2025, in the morning hours.

The proceedings of the event began with the Chanting of Pirith and anushasana by the Venerable Members of Maha Sangarathne, which was followed by the invoking of blessings by the clergies of the Christian, Hindu, and Islamic religions. The occasion was graced by Chairman, Harsha Cabaral PC, and General Manager/CEO, Ms. Shashi Kandambi. Senior Deputy General Manager, K. Ravindran, Deputy General Managers, Assistant General Managers, Senior Management, and staff of the Head Office were also present at the occasion.

Addressing the gathering, the Chairperson of the Bank, Dr. Harsha Cabaral PC, stated that even though the year 2024 was a year full of challenges, the Bank was able to achieve its targets successfully in many ways. The Chairperson also extended his appreciation to the staff for their tireless efforts in 2024 and emphasized the need of focusing more on customer relations in 2025 to achieve successful outcomes more effectively. Dr. Harsha Cabaral also emphasized the importance of collective effort of the staff for the betterment of the Bank and the country in the future.

Ms. Shashi Kandambi, the GM/CEO of the National Savings Bank, highlighted 2024 as a remarkably successful year for the Bank. This success went beyond achieving the highest profit in the Bank’s history, encompassing substantial advancements in many other areas. She expressed that these positive trends will persist and be further strengthened in the coming year.

The staff of the Bank commenced work for the New Year by giving the Clean Sri Lanka Oath to serve the public with the commitment to coexistence, modernity, and cultural life.

National Savings Bank wishes its valued customers, other stakeholders, and all Sri Lankans a prosperous New Year 2025. (NSB)

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Bank of Ceylon welcomes 2025 with religious ceremonies

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BOC General Manager/CEO Russel Fonseka presenting the ‘The Best SME Service Provider,’ award to BOC Chairman Kavinda de Zoysa.

The Bank of Ceylon, Sri Lanka’s No. 1 Bank, commenced the new year 2025, jubilantly announcing its newest achievement, being accorded recognition as ‘Bank of the Year – Sri Lanka 2024’ awarded by the prestigious The Banker Magazine U.K.

The official January 1st event was held at the bank’s head office building with the patronage of the Chairman Kavinda de Zoysa, and General Manager/CEO Russel Fonseka. Customers, Members of the bank’s Board of Directors, Corporate and Executive Management, staff, and well-wishers of the bank also gathered there for the occasion.

The proceedings began with a series of multi-religious sermons to invoke blessings on all stakeholders of the bank for the New Year. This was followed by the ceremonious presenting of the plaque received in honour of being ‘Bank of the Year Sri Lanka 2024’ from The Banker magazine U.K. by the General Manager Russel Fonseka and the Chief Financial Officer M.P. Ruwan Kumara, to the Chairman Kavinda de Zoysa.

In addition to this accolade, the Chairman was presented with a distinguished award received at the People’s Excellency Awards 2024, organized by Iconic Awards. These included the title ‘The Best SME Service Provider,’ which highlight BOC’s unwavering dedication to providing exceptional banking services and supporting small and medium enterprises across the nation.

The event then continued with the launch of the bank’s newest initiative the ‘Ranliya Loan Scheme,’ designed to empower women entrepreneurs and the relaunch of BOC Youth Loan Scheme exclusively for young entrepreneurs. As a responsible corporate citizen and a trusted financial partner to all Sri Lankans, BOC continues to make steadfast strides toward fulfilling its commitment to society and the environment meaningfully through digitally-driven and inclusive banking.

For over 85 years, Bank of Ceylon has been a cornerstone of Sri Lanka’s financial landscape, connecting individuals and businesses to global opportunities. BOC’s extensive network with over 2,300 touch points spread across the nation, ensures that bank’s customers have convenient access to a wide range of financial services. Moreover, BOC was ranked as the only Sri Lankan Bank among the Top 1000 world banks 2024 and Bank of the Year 2021 and 2023 by The Banker Magazine UK, The Number 1 Banking Brand in Sri Lanka by Brand Finance Lanka. BOC also received the People’s Banking Services Brand of the year at the SLIM KANTAR People’s Awards 2024. Internationally, Bank of Ceylon has established a strong presence in key locations, such as a Subsidiary in London, UK; branches in Male and Hulhumalé in the Maldives; Chennai, India; and the Seychelles.

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