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John Keells Holdings signs the first ever Technology Transfer Agreement with 4Ever Skin Naturals

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Krishan Balendra – Chairman - John Keells Group with Chandani Bandara, Chairperson of 4Ever. Standing Behind from left: Chathuri Yatawara - Head of IP, Tech Strategy and Business Development - John Keells Research, Shehara Gunasekera - Assistant Manager- Group Legal of John Keells Group, Dr. Muditha Senarath-Yapa - Head of John Keells Research, Gihan Cooray - Deputy Chairman and Group Finance Director, Daminda Gamlath - President Consumer Foods - John Keells Group, Kanchana Senanayake - Legal Consultant - 4Ever Skin Naturals, Ruwen Liyanagamage - Chief Executive Officer – 4Ever Skin Naturals and Venura Koralagamage - Head of Sales and Marketing – 4Ever Skin Naturals.

John Keells Research (JKR), the Research & Development and Innovation arm of John Keells Holdings PLC (JKH) signed an agreement with 4Ever Skin Naturals (Pvt) Ltd on 15th March 2022 and entered into its first-ever technology licensing agreement. Krishan Balendra Chairman John Keells Group and Chandani Bandara, Founder and Chairperson of 4ever Skin Naturals (Pvt) Ltd. signed on behalf of the respective companies.

JKR operates with the mandate of creating commercially viable intellectual property for not only John Keells Group but also for Sri Lanka, and Dr. Muditha Senarath-Yapa Head of JKR together with a team of multidisciplinary scientists work on the four areas of composites, energy storage, biomaterials, and mechatronics.

4Ever Skin Naturals (Pvt) Ltd is one of Sri Lanka’s leading herbal-based cosmetic manufacturing companies, which specializes in products ranging from personal care, healthcare, and safe care that are trusted by both local and international markets.

Krishan Balendra, Chairman John Keells Group, speaking at the occasion said “Innovation is one of the Group’s core values, through which we seek to add value to our offering of products and services across all our businesses. We believe that the benefits of Nanotechnology will surpass its current applications and the technology transfer today will pave way for more innovative and sustainable products in the market.”

JKR’s proprietary Silmetic TM technology will be exclusively utilized by 4Ever to develop a range of skin care products with enhanced properties. Silmetic TM is a cosmeceutical and cosmetic additive containing silver nanoparticles developed and trademarked by JKR. The licensed cosmetic product line will be launched under 4Ever’s sub brand, DermaPRO.

Ms. Chandani Bandara, the Founder and Chairperson of 4ever Skin Naturals (Pvt) Ltd. said “Nano silver is different from other nanoparticles, and it has been known for decades for its use in various applications including consumer products. It’s a pleasure to partner with John Keells to develop unique nano silver products at our ultra-modern production plant under optimum hygienic conditions, according to ISO 9001: 2015, cosmetic GMP 22716: 2007, HACCP and Sri Lankan Ayurvedic standards at the BOI Industrial Zone in Pallekele, Kandy”.

Nanotechnology is a cutting-edge area in science that includes the design, characterization, production, and application of materials, devices, and systems where shape and size are controlled at the nano meter scale. The incorporation of nano materials into cosmetic formulations introduces novel advantages to the skin care industry by making the products therapeutic and of a high-quality finish with antiaging, anti-wrinkling, anti-inflammatory, and antimicrobial properties.

Silmetic TM is a technology that is sustainable in terms of both material and energy usage since minute amounts of Silmetic TM could offer long lasting effects. It is the goal of John Keells Research to uplift the quality of life through science while contributing towards the advancement of an innovation ecosystem in Sri Lanka.

John Keells Research is the Research & Development and Innovation arm of John Keells Holdings PLC (JKH), Sri Lanka’s largest listed company in the Colombo Stock Exchange operating over 70 companies in 7 diverse industry sectors. With a history of over 150 years, John Keells Group provides employment to over 14,000 persons and has been ranked as Sri Lanka’s ‘Most Respected Entity’ for the last 16 Years by LMD Magazine. Whilst being a full member of the World Economic Forum and a Participant of the UN Global Compact, JKH drives its CSR vision of “Empowering the Nation for Tomorrow” through John Keells Foundation and through the social entrepreneurship initiative, ‘Plasticcycle’, which is a catalyst in significantly reducing plastic pollution in Sri Lanka.



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CSE Director Board appoints new chairman

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The Chairman of the Colombo Stock Exchange (CSE) Dumith Fernando who has served in this role since July 01, 2020, has informed the Board of his intention to retire by rotation on June 23, 2022 at the conclusion of his current term as a Director. Subsequently, at its regular monthly board meeting held on May 19th, 2022, the Board of the CSE has elected Director Dilshan Wirasekara to succeed Fernando as Chairman with effect from June 24th, 2022. Wirasekara is currently Director and Chief Executive Officer of First Capital Holdings PLC.According to the Articles of Association of the CSE, it’s Chair is chosen from among the five Directors elected by the members of the CSE. The appointment of Wirasekara is in line with the CSE’s normal board succession practice.

The outgoing Chairman Fernando said that “We are very pleased with the advancement of the CSE in the last 2 years. The market has set records across capital raising, trading volumes and participation alongside significant wealth creation for investors. The CSE is also financially stronger than it has ever been, and I am pleased to hand over my role following the institution’s highest-ever profitability and capital reserves position. Credit for this is due to my fellow board members, management and staff as well as all those stakeholders who collaborated with us including our regulator the Securities & Exchange Commission of Sri Lanka and the stock broking and investor communities.”

Commenting on the appointment of his successor, he further stated “I have had the pleasure of serving as a Director with Dilshan for five years where he has been a critical and energetic member of the board. The board and I have full confidence that he will continue to work with all stakeholders to build on our recent efforts to transform into a modern-day multi-product exchange. I look forward to supporting Dilshan over the next few weeks to ensure a smooth transition.”Wirasekara thanked both the outgoing chairman for his leadership of the CSE over the last 2 years and the CSE Board for the confidence placed in him. He further stated, “I hope to continue the good progress at the CSE and look forward to working with the Board and the CSE team together with the regulator and the industry to advance our ambitious capital market development plans.”

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SLIM Research Bureau embarks on a mission to promote fair trade in Sri Lanka

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As corporates and consumers globally are shifting towards best practices such as sustainability, inclusivity, and most importantly, equality to all, “fairness” has become a significant part of how business and buyer decisions are made.With this in mind, SLIM Research Bureau, the research arm associated with the Sri Lanka Institute of Marketing (SLIM), recently signed an agreement with Fairtrade NAPP at SLIM Home, in aspiration of promoting fair trade and consumption of fairly traded products in the local market of Sri Lanka.Through this collaboration, SLIM Research Bureau and Fairtrade intends to launch a project – named “SRI-PROM” funded by AICS, the Italian Agency for Development Co-operation, and supported by Fairtrade Italy – that aims to contribute to the social and economic strengthening of rural areas in Sri Lanka, through the development of much more profitable eco-sustainable supply chains for small farmers.

Commenting on the partnership, SLIM President Mr. Nuwan Gamage stated: “SLIM is thrilled to enter into this milestone partnership with Fairtrade NAPP to instil globally accepted best practices within the corporate circle that help achieve fair, equitable trade relationships. The project will be the first step in inviting businesses across industries to become a trailblazer that sets an example both in Sri Lanka and around the world. We look forward to expand these efforts further in the days to come.”The modern concept of fair trade refers to the ethical and sustainable sourcing of products, where workers and farmers at the foundational level of supply and value chains are treated fairly. This, in turn, offers consumers a powerful opportunity to reduce poverty through their purchases.

Fairtrade International Programme Consultant for Sri Lanka, Standards Committee Chair, and Oversight Committee Asia-Pacific Representative Mrs. Iresha Sanjeewanie noted: “Fairtrade takes a 360-degree approach to address a number of different issues and developmental challenges faced by small-scale producers and workers. Though Fairtrade Standards are a glum eye-opener into the implications of unfair trade, in a broader sense, it advocates reform-oriented research and pushes to raise the bar in trade.”

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Bank of Ceylon sponsors Annual Sand Paving Ceremony at Jaya Sri Maha Bodhi Temple Anuradhapura

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Invoking the blessings of the sacred “Jaya Sri Maha Bodhi” situated in the historic city of Anuradhapura, on the country and on all its citizens, for peace, harmony and prosperity, the Bank of Ceylon conducted its annual ceremony of strewing fresh sand which is known as “weli Athirime Pinkama” in “Uda Maluwa” recently.

The ceremony took place with the participation of the Bank’s General Manager K.E.D. Sumanasiri, DGM Corporate and Offshore Banking Priyal Silva, DGM Human Resource Dhamma Wijeyawardhene, DGM Branch operations and Development Banking Nilantha Meneripitiyage, AGM North Central Province Mahinda Bandara, AGM Marketing Aruna Hettiarachchi, AGM North Western Mrs.Ruchindra Perera and other staff members. The event was organized by the Bank’s Assistant General Manager North Central Province (NCP) G.K.G. Mahinda Bandara and staff members of the NCP province with the guidance of the Atamasthanadipathi of Anuradhapura, the Most Venerable Dr. Pallegama Siriniwasa Thero.

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