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Ideal First Choice introduces Schwing Stetter self-loading mixer

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Concrete construction equipment

Ideal Motors (Pvt) Ltd’s subsidiary Ideal First Choice has broken new ground introducing the Schwing Stetter Self Loading Mixer to the local market recently.

Ideal First Choice is the sole representative for the equipment, manufactured and distributed by Schwing Stetter India (Pvt) Ltd, a wholly-owned subsidiary of the acclaimed German group, Schwing Stetter.

German’s Schwing Stetter with a rich history for over 88 years, and as the world’s leader for concrete construction machines, has located its wholly-owned subsidiary Schwing Stetter India (Pvt) Ltd in Chennai. While Schwing Stetter’s factories are situated worldwide, the group’s entity in Chennai supplies equipment to Sri Lanka was well as 27 countries globally. This factory manufactures and distributes Batching Plant, Truk mixer, Boom Pum etc.

Schwing Stetter India (Pvt) Ltd also manages five plants across Chennai, manufacturing a wide range of concrete construction equipment. A massive 450 Self Loading Mixers are produced monthly.

Commenting on introducing this machine to the local market, Kasun Wickramaratne, National Sales Manager, Schwing Stetter India (Pvt) Ltd said, “Ideal Motors is undoubtedly the superior choice when selecting after-sales service for vehicles in Sri Lanka. Their customer service is matchless. As both our organizations are attuned to support customers, Ideal Motors is the best suited local authorized dealer for the Schwing Stetter Self Loading Mixer.”

Top construction firms such as ELS Construction, NEM Construction, Tokyo Super Mix (Pvt) Ltd use the Schwing Stetter Self Loading Mixer. Since being appointed the local authorized dealer, Ideal Motors (Pvt) Ltd has concluded a successful sale of the Self Loading Mixer to Sri Ram Construction.

The Self-Loading Mixer is an off-highway, rough terrain machine which can be easily operated, and is able to transport mixture with minimal costs. The novelty of the Self-loading Mixers is that within the vehicle it can automatically mix the concrete. Especially, in rural villages, for the development of smaller roads, the equipment is able to play a vital role.

Through an automatic system, the machine blends water, cement and stones to create the concrete and impressively is able to provide a valid receipt to the customer on the quantities of sand, stones and water used to manufacture the cement.



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Business

Assetline Leasing recognised at SLIM People’s Awards

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Assetline Leasing Company Limited (ALCL) was nominated for “SLIM People’s Financial Services Provider of the Year” category at the recently held SLIM People’s Awards 2021 at BMICH, Colombo.

As a specialized leasing company with a network of 53 branches located Islandwide, ALCL has been able to carve a name for itself as a leading financial services providers by continuing to fulfill the financial needs people from all walks of life with an innovative and reliable portfolio of leasing and loan products that are geared to improve the livelihood of individuals and families whilst enriching their lifestyles. Access to financial services, particularly by SMEs and entrepreneurs, has always been a key area of ALCL’s focus.

Commenting on the achievement, Ajantha Premasiri, Chief Marketing Officer, ALCL, said; “We would like to extend our sincere gratitude to our valuable and loyal customers, business partners and team Assetline for their unwavering support in securing this nomination in the category of “SLIM People’s Financial Services Provider of the year”.

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DIMO forum focuses on youth skills for employment and entrepreneurship

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DIMO celebrated ‘World Youth Skills Day’ by shining the spotlight on the importance of equipping the youth with skills for employment, decent work and entrepreneurship, through a webinar titled ‘Job Demand and Vocational Education – Fuelling Dreams and Aspirations of the Youth’, held recently.

The keynote speaker at the webinar was a renowned expert in the industry, Mangala P.B. Yapa the Director General / CEO of Employers’ Federation of Ceylon, while the panel consisted of leading Human Resources professionals Dilrukshi Kurukulasuriya the Chief Human Resources Officer of DIMO, Chinthaka Premaratne the Group Director Human Resources of Fairway Holdings and Ishan Dantanarayana the Group Chief People Officer of Brandix. The event was moderated by Yohan Thilakaratne the Head of Corporate Communications of DIMO. Vocational Training is a key attribute in DIMO’s sustainability agenda and the forum ‘Job Demand and Vocational Education – Fuelling Dreams and Aspirations of the Youth’ was the latest initiative of DIMO to empower the dynamic youth with the correct skills.

During his keynote address, Mangala P.B. Yapa stated, “Knowledge, skills and employment are 3 elements that are inter-connected in a complex manner. Today, knowledge has surpassed skills and therefore, receives prominence. However, I believe that knowledge which does not develop skills, does not do justice to society. Through vocational education, what we attempt to do is to develop both knowledge and skills.”

 

 

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CA Sri Lanka Annual Report Awards makes a comeback this year

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In its continuing determination to crown the most brilliant financial reports produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will present the prestigious Annual Reports Awards competition this year, incorporating new concessions on account of COVID-19, whilst also automating the marking system for the first time in the competition’s history.

Applications for the 56th Annual Report Awards competition 2021 will be accepted from 15th August 2021 onwards. Organisations ranging from multinationals to blue-chip companies, conglomerates, small and medium businesses, state corporations, statutory bodies and even NGOs and NPOs which produce annual reports can vie for this year’s top honours.

Known to promote transparency, corporate governance, sustainability and social responsibility, the competition’s grand comeback this year was announced at a press conference on Tuesday.

The Annual Report Awards commands a history of over half a century, but following COVID, the Institute decided not to proceed with the competition last year on grounds that the competition would not yield the required benefits for the participating companies due to the challenges stemming from the pandemic and the related crisis.

Addressing the press conference, Jayesinghe said that as the sole authority to promulgate accounting and auditing standards in Sri Lanka, the Institute has taken every effort necessary to implement a world class accounting framework, which will result in long-term benefits to the country including bringing in vital investments such as FDIs.

He said that an annual report is recognised as the single most important document for readers and potential investors to understand the financial state of a company as well as its positive contribution not only towards the company’s bottom line but also to the country and society.

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