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ILO, UNOPS in joint exercise to protect MSMEs from virus

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From left: Lalith Silva of Akalanka Products, Thamara Ravimali Bandara, Development Officer, Small Enterprise Division – Panadura, P.K Pathirana, Assistant Director, Small Enterprise Division – Kalutara,  N.C.W. Jayasekara, Assistant Director, Small Enterprise Division – Kalutara.

 

* Begins with the delivery of PPE worth Rs. 47 million

* Initiative enjoys partnership with many government entities

The International Labour Organisation (ILO) together with the United Nations Office for Project Services (UNOPS) have taken another initiative to assist the healthy socio-economic recovery of the micro and small enterprise sector of Sri Lanka (MSMEs).

The initiative will help MSMEs face the challenges posed by COVID-19 and to ensure that workplaces do not become places of COVID-19 spread.

In this bid, hundreds of MSEs in the Kalutara and Gampaha Districts, where a majority of such enterprises are concentrated, and are safe and healthy spaces to work, the IILO together with UNOPS purchased and kick- started the delivery of Personal Protective Equipment (PPE) worth 47 million Sri Lankan Rupees.

With funding from the UN COVID-19 Response and Recovery Multi-Partner Trust Fund (UN COVID-19 MPTF), this timely response is among the many interventions underway by the ILO to assist the healthy socio-economic recovery of the micro and small enterprise sector of Sri Lanka.

The distribution of PPE kits commenced on 18 November 2020 and is being carried out with the support of the Small Enterprise Division (SED) of the Ministry of Youth and Sports. The PPE kits include handwashing stations, bottles of hand sanitizers, first aid kits, face masks, visitor record keeping books, cakes of soap, packets of paper tissue, packets of paper towels, hand-held digital thermometers, bottles of toilet sanitizer, hand gloves, bins with lids.
 

Simrin Singh, Director, ILO Country Office for Sri Lanka and the Maldives and Gayasiri of Lalith Bakery

 

The Gampaha and Kalutara district-based enterprises and their specific PPE requirements were identified through swift assessments carried out by SED officers, with the support of the Ministry of Labour. Assessments targeted enterprises, particularly economically hard-hit and women-owned, across various sectors such as tourism-accommodation, food and food processing, textile, craft and agri-business industries.

The enterprises are located in Kelaniya, Meerigama, Negombo, Katana DS Divisions in the Gampaha District, and Beruwala, Kalutara, Panadura, Bulathsinhala DS Divisions in the Kalutara District.

A further batch of PPE kit distributions are planned for before the end of the year, reaching all remaining divisions of the two districts.

The PPE kit distribution is being complimented by OSH risk assessment of MSEs; training entrepreneurs on how to implement OSH measures and how to use PPE; enterprise level training programmes with a focus on business development, psychosocial support, and facilitating access to finance. This will be coupled with a national campaign focussed on bringing awareness of the occupational health and safety (OSH) risks and measures for MSEs, psychosocial risks faced by MSE owners and workers, and how to access state provided financing.

The initiative enjoys solid partnerships with many Government entities for its effective implementation.



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Business

Newly developed Sathosa Motors Service Complex to service all vehicle brands

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Sathosa Motors PLC and its new state-of-the-art vehicle service complex, is now serving not just Isuzu but also any brand of vehicle.

Pioneering automotive specialist, Sathosa Motors is the sole authorized agent for the world-renowned Isuzu brand, but the newly developed service complex will now undertake all kinds of services required for any brand of vehicle.

 The internationally trained specialists are ready to serve you at the Sathosa Motors Service Complex now on weekdays from 8.00 am to 5.00 pm and on Saturday from 8.00 am to 1.00 pm at No 25, Vauxhall Street, Colombo 02.

Sathosa Motors PLC guarantees its customers reliable and convenient service and will undertake vehicle inspections, periodic maintenance, body and under carriage washing, interior cleaning and beautification, engine tuning, error diagnosis, accident repairs, air condition repairs, and many more at a highly affordable rate.

In addition, genuine spare parts, as well as lubricants and industrial services are available at discounted prices at the Service Complex.

Sathosa Motors PLC aims to provide high quality services at all times and all services are carried out strictly under health guidelines due to the prevailing COVID-19 pandemic situation.

Sathosa Motors announces that it has decided to keep all branches of the Sathosa Motors service network open to continue to serve its customers.

 

(Sathosa Motors)

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CSE trading bullish despite rupee hitting historic low against dollar

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By Hiran H.Senewiratne 

CSE trading activities were bullish despite Sri Lanka’s rupee registering a historic slump against the US dollar   at 202/205 to the one month dollar in mid morning trade yesterday, after opening at around 200/203.The stock market moved up, though, anticipating March quarterly results to be exceptional. This is expected to be particularly true of the Hayleys Group and Expolanka. Accordingly, investors seem to be re-entering the market after January, stock market analysts said.

Further, approval of the US $ 500 million Chinese loan and the fact that the Port City Bill has been tabled in parliament have lifted investor sentiment in a significant direction of the stock market, market analysts said. Amid those developments, both indices moved upwards, especially the All Share Price Index went up by 1.22 percent. The All Share Price Index rose by 92.35 points and S and P SL20 went up by 19.21 points. Turnover stood at Rs. 4.72 billion with four crossings. 

Those crossings were reported in JKH, which crossed 922,000 shares to the tune of Rs. 137.8 million, its shares traded at Rs. 149.25, Commercial Bank 950,000 shares crossed for Rs. 82.7 million, its shares traded at Rs. 87, HNB 155,000 shares crossed for Rs. 26.5 million, its shares traded at Rs. 132 and Ceylon Cold Stores 33,500 shares crossed for Rs. 20.1 million, its shares fetching Rs. 600.

In the retail market, five companies that mainly contributed to the turnover were, Browns Investments Rs. 793.6 million (123.1 million shares traded), LOLC Rs. 463.4 million (1.32 million shares traded), Royal Ceramic Rs. 442 million (1.2 million shares traded), Hayleys Rs. 442 million (five million shares traded), Dipped Products Rs. 372.3 million (6.2 million shares traded). During the day 197.3 million share volumes changed hands in 30480 transactions. 

The market was quite bullish from the beginning and LOLC Group companies led the market. It is said that LOLC contributed 25.5 points to the All Share Price Index. Browns Investments 9.8 points and Vallibel One contributed 8 points to the All Share Price Price Index while Commercial Leasing contributed six points.    

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‘Embark on that long-awaited getaway with Emirates and enjoy special fares’

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Emirates is launching seasonal fares that enable aspiring globetrotters to plan exciting adventures around the world as well as for students preparing to travel overseas. With Emirates’ generous booking policies, customers have the option to lock in these special fares and extend ticket validity for up to three years, enjoying greater flexibility and confidence when planning travel during unprecedented times.

Travellers in Sri Lanka can look forward to flight deals on all routes in Emirates’ global network, with return fares starting at only Rs 68,700 in Economy Class or Rs 257,500 in Business Class. These special seasonal fares are available for bookings made from 13 to 26 April 2021, and are valid for travel between 16 April and 30 September 2021*.

Featured destinations and starting Economy Class fares include: US$ 342 (about Rs 68,700 at current exchange rates) to Dubai, US$ 654 (about Rs 131,300) to Milan, US$ 644 (about Rs 129,300) to Paris, US$ 1,117 (about Rs 224,200) to New York, US$ 1,303 (about Rs 261,500) to Toronto and US$ 966 (about Rs 193,900) to Nairobi.

Special Business Class fares start at US$ 1,283 (approximately Rs 257,500) to Dubai, from US$ 3,127 (about Rs 627,600) to Milan, US$ 2,860 (about Rs 574,000) to Paris, US$ 3,618 (about Rs 726,100) to New York, US$ 3,654 (about Rs 733,300) to Toronto and US$ 2,179 (about Rs 437,300) to Nairobi. All fares in Rupees are subject to the rate of exchange on the day of purchase.

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