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INSEE Cement spearheads innovation and growth in Sri Lanka’s construction sector

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INSEE Concrete in Peliyagoda

INSEE Cement is powering the local construction industry’s steady recovery with a portfolio of value added services, offering performance-based design solutions, technical capabilities and industry expertise to contractors and construction companies, enabling industry stakeholders to expedite projects and meet construction schedules impacted by the pandemic.

“Our foresight enabled us to focus on developing highly innovative and sustainable-performing construction solutions that create value for stakeholders who invest in our cements and concrete solutions portfolio,” Dr. Moussa Baalbaki, Head of Products and Solutions Portfolio at INSEE Cement commented.

“Now, as we recover as an industry, we must focus on existing capabilities and capacities that can expedite the recovery process. INSEE Cement is happy to invite our industry stakeholders to leverage our expertise and collaborate to gain the momentum and confidence our industry lost during the pandemic.”

A strong advocate of open collaboration and knowledge sharing, INSEE Cement established the INSEE i2i Innovation to Industry Collaboration Space as a dedicated state-of-the-art centre to engage industry stakeholders in collaboration driven by openness, speed and connectivity. The centre focuses on creating shared value and collaboratively developing innovative and efficient sustainable construction solutions for Sri Lanka.

Located in Peliyagoda, the i2i Collaboration Space is a knowledge exchange hub and idea incubator for engineers, researchers, innovators, architects, construction companies, contractors and also competitors looking to collaborate on industry transforming construction solutions. Equipped with over 50 testing and measurement tools including 15 tests that are new to the Sri Lankan construction sector, the INSEE i2i Collaboration Space enables contractors, builders and construction companies meet stringent economical, structural and performance criteria for construction projects.

When it comes to optimizing concrete mixes, INSEE i2i offers comprehensive solutions using simulations, advanced technologies, testing equipment and expertise to evaluate numerous parameters for concrete mix designs. The Space offers pre-project mix design evaluations during planning stages, consulting site engineers, architects and contractors to develop the mix design that will best meet their construction needs. INSEE’s i2i team of expert consultants also offer recommendations for improvements of on-going constructions, based on modelling, testing and result evaluations, achieving the perfect balance between performance and cost-optimization.

INSEE’s i2i trademarked INSEE ConTemp™ thermal modelling simulation software creates thermal mock-ups of mass pouring projects prior to the mixing, benefiting contractors by enabling critical decision making that greatly cuts down on budget and construction times. Contractors and construction companies are also offered personalized workshops to address project-specific construction challenges, ranging from basic technical presentations to tailored concrete mix design trainings.

Stakeholders are also set to benefit from INSEE’s environmental investments and commitment to reduce emission levels and lower the collective industry carbon footprint. From acres of quarry rehabilitation and reforestation, to producing Sri Lanka’s first superior blended composite cement that is currently one of the most environmentally friendly cement products in the market, INSEE Cement’s eco-friendly initiatives guarantee contractors, builders and construction companies resulting high-performing sustainable structures with lower carbon footprints.



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Berendina bags Silver at the CA Sri Lanka 56th Annual Report Awards

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From left: Sarath Chandra Fernando - Director-BMIC, Charith Fernando - Deputy Managing Director-BMIC, Saman Manatunga - Acting Head of Finance-BMIC, Dilhara Jayasinghe - Assistant Manager Compliance & Corporate Relationship-BMIC, Ranel T Wijesinha - Past President CA Sri Lanka, Jagath Godakanda – Chairman-BMIC, Chaaminda Kumarasiri – Chairman-Annual Report Awards Committee 2021 and Chamila Cooray - Alternate Chairperson-Annual Report Awards Committee 2021

Berendina Micro Investments Company Limited, better known as BMIC among its microfinance clientele and partners, won the Silver award at the 56th Annual Report Awards organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), under the category of Finance Companies and Leasing Companies (total assets up to Rs. 20 Billion). Over 70 companies, ranging from conglomerates, multinationals to non-profit organisations, and SMEs, were honoured at this year’s competition for their excellence in financial reporting. The gala event of this year held on 09th December 2021 at BMICH. Being the first Microfinance Company licensed by the Central Bank of Sri Lanka, BMIC is no stranger to this annual competition having won a prestigious Gold Award in 2017 and Merit Award in 2018.

The award from CA Sri Lanka is the fourth award to be won by BMIC during the financial year 2021, having won 3 international awards, namely, ‘The Best Microfinance Company in Sri Lanka’ and ‘The Best Agricultural Lending Company in Sri Lanka’ awards from the UK based Global Banking and Finance Review magazine as well as ‘Donor’s Choice Award’ at the international competition conducted by SCALE Green Creative Adaptation Awards in USA in 2021. Focused on poverty alleviation, BMIC as a Microfinance Institution (MFI) extends micro-credit facilities and enterprise development services that ensure long term sustainability and growth of business ventures of its clients, providing loans at the lowest interest rate compared to other MFIs in Sri Lanka. At present, BMIC manages a loan portfolio of over Rs. 3.1 billion and an annual turnover exceeding Rs. 900 million. It supports well over 70,000 microfinance clients through its 30 Branches in 11 districts. The CA award bestowed on BMIC is another testament to its commitment in continuously supporting its clients to overcome the obstacles during difficult times, while preserving its transparency in reporting, corporate governance, sustainability and social responsibility.

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SLIC repositions Business Club insurance with more focus on SMEs

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Sri Lanka Insurance last week announced repositioning of its Business Club insurance, a trade insurance policy which provides a comprehensive business insurance solution to fit for the diverse insurance need of small and Medium enterprises (SME).

“According to the Export Development Board of Sri Lanka SMEs are considered to be the backbone of the economy with a contribution up to 52% of the GDP. SMEs play a crucial role to battle the poverty in the country providing employment opportunities for the youth as the SMEs does not require capital than large firms. Further SMEs increase tax bases much quickly when compared to large firms,” an SLIC news release explained.

“Recognizing the importance and vital contribution made to the economy by SMEs, Sri Lanka Insurance went back to the drawing board to refine the “Business Club” comprehensive insurance solution to cater to the unique requirements of the businesses,” it said.”

“Therefor the insurance solution was developed to reinforce the success and safety of the businesses.”

The insurance plan will provide protection for any businesses be it retail, grocery store, supermarket, pharmacy or any other covering many perils inclusive of environmental dangers such as floods, cyclone, fire, lightning as well as other factors such as breaking and burglary, SLIC explained.

The release further said an array of main covers are available for businesses inclusive of fire and/or lightening, explosion, malicious damage, aircraft damage, earthquakes along with the free covers such as cost of removal of debris, loss of rental, architect, surveyors, consulting engineering fees, cost of alternative accommodation etc..

A range of additional covers are also available at an additional premium for businesses to choose. Money insurance during transit and while at premises, accidental breakage of glass cover, sign board cover, electronic equipment all risk cover are among the many additional covers offered.

Interested parties who’d like SLIC to assist in developing an insurance solution that covers the business risks can contact SLIC call center on 011 2 357 357.

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German fruit and tea importers stresses importance of packaging

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Jan Paul Bethke, a leading German importer of Sri Lankan fruits and tea, at a recent

EDB-organized event, urged Sri Lankan agri-product exporters to practice effective and superior packaging if they are to be successful in terms of capturing markets in Europe.

“If you package your product well, include a QR code (incorporating extensive details such as the farmer who grew products), and convey a personalized story, customers in advanced markets such as Germany and Europe would develop an affinity with your products”, Bethke noted.

He made these remarks at a Jan. 12 forum forum organized by the Sri Lanka Export Development Board (EDB) on packaging and value addition strategies to enhance Sri Lanka’s agri-product exports to Germany, an EDB news release said.

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