Connect with us

Business

INSEE Cement recognizes Top Performing Business Partners at Annual Awards Ceremony 2022

Published

on

INSEE Cement, Sri Lanka’s leading cement manufacturer, recently concluded the annual INSEE Business Partner Awards 2022 at the luxurious, five-star Cinnamon Bentota Beach Hotel, hosting Business Partners from across the country in a night of celebration and camaraderie.

Recognizing and rewarding regional and national Business Partners for their unwavering sales performance despite the challenges posed over the year, the awards were hosted under the patronage of the company’s Chairman, CEO, Executive Committee, and Management. Adhering to stringent COVID guidelines, with restricted guest capacity to ensure the health and safety of all present at the celebration, INSEE Cement was able to successfully conclude a memorable night, complete with entertainment acts by renowned musicians, whilst honoring the untiring efforts of Business Partners Island wide.

Speaking at the occasion, Chief Executive Officer of INSEE Cement, Gustavo Navarro stated, “This year, a visionary and proactive outlook, backed by a multinational ecosystem of INSEE facilities across the region, and a strong local network of loyal Business Partners, ensured that INSEE Cement was ready and equipped to face and overcome any challenge, paving the way for an even bigger and better 2022 with you.”

Mr. Navarro further addressed the Business Partners present at the event and touched on his plans for the future of the company; “By enhancing our portfolio and production capacities, INSEE Cement will be able to offer customers a total solution for all their construction needs. Just as we have been supported by your unwavering loyalty during a remarkable 2021, we are encouraged by your assured partnership and commitment to retain INSEE Cement’s No.1 position in the market in 2022.”

INSEE Cement or Siam City Cement (Lanka) Limited, is a member of the Siam City Cement Public Company Limited (SCCC), a leading cement manufacturer in Southeast Asia, founded in 1969 in Thailand. The Company – INSEE Cement, manufactures INSEE branded – Sanstha, Mahaweli Marine, Mahaweli Marine Plus, INSEE Rapid Flow, INSEE Rapid Flow Plus and INSEE Extra cement. INSEE Cement is the first certified ‘Green Cement’ in Sri Lanka, having received Green Labelling certification awarded by the Green Building Council. The Company is the only fully integrated cement manufacturer in Sri Lanka and is ranked among LMD’s Most Respected Entities.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Sri Lanka’s economic confidence index plummets

Published

on

‘No one has rated Sri Lanka’s economic condition as excellent. 1.8 % rated it as good and 1.3 % rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022, a wide ranging Verite Research public opinion survey reveals.

Key findings of the survey:

Government approval rating drops from 10% to 3%

The second round of the Gallup Style “Mood of the Nation” poll was conducted in June by Verité Research. It assessed the approval, satisfaction, and confidence of the nation in relation to the government, the country, and the economy.

The poll was conducted as a part of the syndicated survey instrument by Verité Research. This instrument also provides other organisations the opportunity to survey the sentiments of Sri Lanka.

1. Government approval rating | 3% | To the question, “Do you approve or disapprove of the way the current government is working?” only 3% said they approve. In January 2022 this rating was at 10%.

2. Sri Lanka satisfaction | 2% | To the question, “In general, are you satisfied or dissatisfied with the way things are going in Sri Lanka?” only 2% said they were satisfied. This rating was at 6% in January 2022.

3. Economic confidence | negative (-) 96 | Multiple choice questions on the condition and trajectory of the economy are used to generate an economic confidence score. The score can range from negative (-) 100 to positive (+) 100. A score above zero means more people see the economic conditions positively rather than negatively. If everyone thinks the economy is in either excellent or good condition, and everyone also thinks it is getting better, the score will be (+) 10. If everyone thinks that the economy is in a poor condition, and everyone also thinks it is getting worse, the score will be a (-) 100. No one rated the economic condition as excellent. 1.8% rated it as good; and 1.3% rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022.

Implementation of “Mood of

the Nation”

The poll is based on an island wide nationally representative sample of responses from 1,052 Sri Lankan adults, conducted in June 2022. The sample and methodology was designed to ensure a maximum error margin of under 3% at a 95% confidence interval. The polling partner was Vanguard Survey (Pvt) Ltd.

Continue Reading

Business

Decline in share market in the wake of rate hike reports

Published

on

By Hiran H.Senewiratne

CSE trading activities began on a positive note yesterday but during the latter part of the day the market experienced a dip on account of the overall supply chain economy being subjected to a contraction, stemming from the fuel crisis. Consequently, CSE activities were relatively low keyed, market analysts said.

“We are reverting to the negative. There is uncertainty on all fronts, from the political to the economic. Therefore, we are expecting a rate hike on Thursday. This is creating a bit of a cloud and we may see this continuing further, a top market analyst said.

Even if top level decision- making is happening in Sri Lanka the impact is not felt at the grassroots level. This has resulted in unrest in the country, the analyst said.

Amid those developments, both indices moved downwards. The All- Share Price Index went down by 97.9 points and S and P SL20 declined by 34.3 points. Turnover stood at Rs 1.3 billion with one crossing. The crossing was reported in JKH, which crossed 600,000 shares to the tune of Rs 73.2 million, its shares traded at Rs 122.

In the retail market, the top seven companies that mainly contributed to the turnover were; Lanka IOC Rs 611 million (7.3 million shares traded), Expolanka Holdings Rs 173.9 million (one million shares traded). LOLC Holdings Rs 47.4 million (120,000 sha4es traded), Hayleys PLC Rs 46.5 million (697.000 shares traded), Browns Investments Rs 46.3 million (6.4 million shares traded), JKH Rs 21 million (173,000 shares traded) and Softlogic Holdings Rs 20.5 million (794,000 shares traded). During the day 109 million share volumes changed hands in 15000 transactions.

The International Monetary Fund said last Thursday its talks with crisis-hit Sri Lanka had been “constructive”, thereby raising hopes it would soon grant preliminary approval for a desperately needed financial support package, observers said.

Meanwhile, the Colombo Consumer Price index rose 54.6 per cent year-on-year in June against a 39.1 per cent rise in May, according to the Statistics Department.

Yesterday the US dollar rate was Rs 360.73, which is now being controlled due to the prudent fiscal and monetary policies of the Central Bank.

Continue Reading

Business

Dialog Club vision members receive access to an exclusive screening of ‘Jurassic World Dominion’

Published

on

In a bold and breath-taking new global adventure, the epic conclusion to the Jurassic film franchise ‘Jurassic World Dominion’ hit theatres across the world on June 10. Just a day after its global premiere, Dialog Club Vision Red members and their loved ones received special access to an exclusive screening of the film at the Kandy City Centre Multiplex on June 11.

The explosive end to the Jurassic era sees two generations of the film’s franchise unite for the first time with Hollywood’s Chris Pratt and Bryce Dallas Howard joined by Oscar winner Laura Dern, Jeff Goldblum and Sam Neill. Dialog Club Vision members were some of the first to witness the utopian world where Dinosaurs and humans co-exist.

With the best interests of its members and their loved ones at heart, Dialog Club Vision continues to deliver a world of exclusivity and privileges such as personalized care, exclusive discounts and offers, lifestyle and entertainment events and more. To explore more exciting offers available for Dialog Club Vision members, and to learn more about Sri Lanka’s premier loyalty programme, customers can visit the MyDialog App or visit dialog.lk/club-vision

Continue Reading

Trending