John Keells Logistics (Pvt) Ltd (JKLL), a leading third-party logistics (3PL) services provider in the country, partnered with Infor, a globally renowned industry-specific business cloud software provider, in September 2020 to implement a state-of-the-art Infor Warehouse Management Systems (WMS) solution. Being one of the latest technological advancements in the 3PL industry, Infor WMS will enable JKLL to gain a substantial edge in comparison to the other offerings in the market through digitalization and optimization of its logistics value chain.
The Infor WMS & Infor Business Intelligence & Analytics solutions is a web-based solution using SaaS (software as a service) model making the implementation quick, robust, and flexible without requiring installation of the software to individual devices. , It will also offer enhanced visibility of operations, cost optimization, and increased productivity, resulting in improved profitability. Demonstrating pioneering spirit in digitalization, JKLL will be implementing the complete Infor WMS solution online.
JKLL’s Chief Executive Officer Randula Chandrarathne commenting on the collaboration said, “What sets Infor’s solution apart from other competing offerings is the company’s deep logistics expertise and industry-specific capabilities. These equip us to synergize 3PL-specific business functions with fully-fledged business intelligence platforms, all of which integrate seamlessly with our existing processes. With this solution, we can now automate previously labor-intensive and time-consuming processes, thereby improving productivity and optimizing costs Simultaneously, this further strengthens visibility and control over our operations and service delivery as well.”
Infor WMS is a solution specially developed for the logistics industry combining advanced warehousing with highly configurable rules, labor and inventory management, and automated billing. This enhances operational visibility across the entire value chain, enabling improved risk mitigation where necessary.
Fabio Tiviti, Vice President of Infor ASEAN said, “Across today’s logistics landscape, having data-driven intelligence over one’s operations is increasingly crucial—especially in a market where supply chain disruptions, contingency planning and risk management now rank among the topmost challenges faced by 3PL services worldwide. We are proud to support John Keells Logistics’ transformation efforts. Infor’s purpose-built, industry-specific solutions fine-tuned in the cloud will boost their ability to anticipate changes and make adjustments to market shifts, and help them stay ahead of the competition, beyond the pandemic.”
John Keells Logistics (Pvt) Ltd is a subsidiary 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. In 2020, John Keells Group celebrates 150 years of being in business and contributing to the Sri Lankan economy and development of the country. JKH provides employment to over 14,000 persons and has been ranked as Sri Lanka’s ‘Most Respected Entity’ for the last 15 Years by LMD Magazine. While being a full member of the World Economic Forum and a Member of the UN Global Compact, JKH drives its CSR vision of “Empowering the John Keells Group – Confidential Nation for Tomorrow” through John Keells Foundation and through the social entrepreneurship initiative, ‘Plasticcycle’, which is a catalyst in scientifically reducing plastic pollution in Sri Lanka.
NSB introduces special credit scheme for shrimp farming industry
National Savings Bank (NSB), in collaboration with one of its fully owned subsidiary, Sri Lanka Savings Bank(SLSB), has planned to introduce a special loan scheme to offer credit facilities under a lower interest rate with a view to accelerating the development of shrimp farming industry in Sri Lanka.
Shrimp farming industry in Sri Lanka, which came into being around 30 years ago, could be identified as a higher value generating sector among the industries based on aquaculture in the country.
With the objective of achieving a sustainable development in shrimp farming industry in the country, Sri Lanka Aquaculture Development Alliance has been established 15 years back and the permanent members of this organization will be able to obtain loan facilities within a value range of Rs. one Million to Rs. 100 Million under this loan scheme.
This Alliance comprises of 18 farmers’ societies, breeding center societies, seafood societies and shrimp feed societies in Puttlam District, in which the shrimp farming industry is mainly centralized. The Alliance operates the shrimp farming industry, in coordination with the National Aquaculture Development Authority of Sri Lanka, the main state sponsored organization mandated for the task of development of the aquaculture and inland fisheries sector in Sri Lanka and other government institutions. Further, the membership of this alliance represents the entire shrimp farming industry of the country.
Lanka Realty Investments acquires controlling shares of On’ally Holdings
CSE turnover almost Rs 3.5 billion
By Hiran H.Senewiratne
Lanka Realty Investments Plc has acquired 50.8 percent of the issued capital of Colombo Stock Exchange (CSE) listed On’ally Holdings Plc for Rs 1.42 billion.
With the transaction Renula Capital and Lanka Reality Investments share prices appreciated significantly yesterday, stock market analysts said.
On’ally Holdings Plc announced that Lanka Realty Investments Plc has acquired 50.8 percent ( 47,244,050 shares) of the issued capital (93,003,087 shares) of the company with the purchase of shares made on 3rd December 2020 at a price of Rs.30.20 per share.
Meanwhile, in a separate filing Renuka Capital Plc announced that it has sold and disposed of 40,754,820 Ordinary Shares (43.821 percent ) held by the Company in On’ally Holdings Plc to Lanka Realty Investments Plc at a value of Rs.30.20 per share on the CSE. Renuka Capital PLC is the second largest shareholder of On’ally Holdings Plc.
The turnover stood at Rs 3.44 billion with two crossings mainly; On’ally Holdings crossing which contributed 42 percent to the turnover and Access Engineering. On’ ally 47.2 million shares crossed for Rs 1.43 billion and its share price was Rs 32.20 and Access Engineering one million shares crossed for Rs 25 million and its share price was Rs 25.
With the transaction Renuka Capital share price appreciated by more than 50 percent or Rs 2.50 . Its share price startered trading at Rs 5 and at the end of the day it moved upto Rs 7.50. Lanka Reality share Price share price moved up by 13 percent or Rs 4.60. It’s share price startered trading at Rs 34.40 and at the end of the day it moved up to Rs 39.
In the retail market top five companies that mainly contributed to the turnover were JKH Rs 141.5 million (945,000 shares traded), Expolanka Rs 135.7 million (5.2 million shares traded), Melstacorp Rs 128 million (three million shares traded), Access Engineering Rs 123.3 million (4.9 million shares traded) and Renuka Capital Plc Rs 121.7 million (18.5 million shares traded).
Amid those developments both indices moved upwards i.e. All Share Price Index up by 17.26 points and S and P SL20 up by 8.81 points up. The share volume that transacted during the day was 22487. According to stockbrokers that market sluggish and the latter part of the day it picked up following the major crossing.
SLT and Mobitel launch Green Premier League 2020
SLT and Mobitel together began an exemplary green initiative project simultaneously with Sri Lankan Premier League (LPL) 2020 called “SLT – Mobitel Green Premier League” (GPL), as a sustainable environmental conservation project. According to the winning score of each team in every match of the LPL, SLT and Mobitel will take necessary actions to plant the equivalent number of plants as forest restoration at Rajawaka forest reserve in Kalthota, Balangoda. Thus, by the end of the LPL tournament, SLT and Mobitel will have taken the necessary actions to plant possibly around 4000 plants in the forest reserve and would have arranged a sustainable maintenance program with the Forest Department in accordance with UN sustainable developments goals. This would be a pioneer project within the context of any cricket premier league in the world!
From the 26th of November 2020 till the 16th of December 2020, SLT and Mobitel will be conducting this remarkable initiative aiming to increase the forest cover in Sri Lanka by planting these trees in 6 hectares in Rajawaka Forest reserve, which has identified as a rich biodiversity site and also the major water catchment area for the Samanalawewa reservoir. With an island-wide reach as the national telecommunications service provider, SLT hopes to inspire sports fans and the youth of the country to undertake their own steps towards environmental conservation and sustainability. SLT will continuously monitor this project in the next two years with the support of the Forest department to ensure the desired outcomes.
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