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Kitchen & Bedroom CEO feted at BWIO Awards 2020



Dr. Mohammed Rushmi Sacquaff, CEO of Kitchen & Bedroom receives the Platinum Award (Medium Category) for Best CEO of the Year from Minister Chamal Rajapaksa

The CEO and Founder of Kitchen & Bedroom, one of Sri Lanka’s leading full-fledged interior design solutions provider, Dr. Mohammed Rushmi Sacquaff was named ‘Best CEO of the Year’ under the Platinum- Medium category at the recent Business World International Organization Awards 2020.

Organized by USA-based Business World International Organization Inc, the awards ceremony was held on 28th November at Taj Samudra Colombo under the theme dedicated to the UN’s Sustainable Development Goals for 2030 Agenda, and saw the participation of veteran business personalities in the country hailing from various backgrounds in both the private and state sector, including social change agents, sustainable development advocates and exceptional professionals.

The joint chief guests were former President Maithripala Sirisena and Dr G D Singh, Founder and Chairman of the Asia – African Chamber of Commerce & Industry (AACCI) whilst the Guest of Honor were Chamal Rajapaksa, Minister of Irrigation and State Minister of Internal Security, Home Affairs and Disaster Management and Senthil Thondaman, Coordinating Secretary to Prime Minister Mahinda Rajapaksa, and included Special Guests Senior DIG Dr. Ajith Rohana and former MP Arjuna Ranatunga.

Under the leadership and expertise of Dr. Sacquaff, Kitchen & Bedroom has achieved growth over the years. Earlier this year it declared open a second showroom at Colombo 5, and plans are underway to set up a sustainable, purpose-built state-of-the-art facility with the aim of designing and manufacturing a comprehensive portfolio of contemporary kitchenette and bedroom furniture to both domestic and export markets.

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Elon Musk launches profane attack on X advertisers




In a profanity-laced outburst, Elon Musk has slammed advertisers that have left X, warning they will kill the social media platform.

At an event in New York, he accused companies that have joined an ad boycott of the site formerly known as Twitter of trying to blackmail him.Some firms have paused advertising on X amid concerns over antisemitism, including a post from Musk himself.

“Go [expletive] yourself,” the billionaire said in an interview.

The Tesla and SpaceX boss apologised on Wednesday for that post, saying it might be the “dumbest” thing he has ever shared online.

But it was his response to a question about an advertising boycott by companies including Disney, Apple and Comcast that caused a stir at the gathering of leaders from the worlds of business, politics and culture. “I don’t want them to advertise,”  Musk said at the New York Times’ DealBook Summit. “If someone is going to blackmail me with advertising or money go [expletive] yourself.

Go. [Expletive]. Yourself. Is that clear? Hey Bob, if you’re in the audience, that’s how I feel.”

He was apparently referring to Disney chief executive Bob Iger, who spoke at the summit earlier in the day.

In the room with Musk was Linda Yaccarino, X’s chief executive, who has been charged with trying to bring back advertisers to the platform.Musk also said that advertisers could kill X. “What this advertising boycott is going to do is it’s going to kill the company,” he said. “The whole world will know those advertisers killed the company, and we will document it in great detail,” he added.

Ms Yaccarino has since reposted what she called his “candid interview”, adding her perspective on advertising that “X is standing at a unique and amazing intersection of Free Speech and Main Street — and the X community is powerful and is here to welcome you”.

Musk has been on a visit to Israel after he last month appeared to personally back an antisemitic conspiracy theory. “I’m sorry for that tweet… it might be literally the worst and dumbest post that I’ve ever done,” he said on Wednesday. The boycott isn’t just to do with that post, though.

Many advertisers had already decided to spend their dollars elsewhere.


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ILO together with EFC launches pilot project to address employee grievances at the workplace



EFC's team of trainers visited the selected companies and engaged in discussions with their management

Five companies volunteer to participate in the project

By Sanath Nanayakkare

Grievance handling in Human Resource Management (HRM) refers to the process by which employee complaints, concerns, or disputes are formally addressed and resolved. The goal is to provide a structured channel for employees to express their concerns or report issues they are facing in the workplace for the benefit of the company, the management and the employees.

True to those values, the International Labour Organization (ILO) recently invited the Employers’ Federation of Ceylon (EFC) to initiate a pilot project to launch Grievance Handling Guidelines that were formulated through several workshops conducted in 2019 in consultation with ILO constituents.

Giriulla Mills Ltd, HNB Assurance Ltd, HNB General Insurance Ltd, Cambio Software Engineering and Taj Bentota Resort and Spa, volunteered to participate in this project. They represented the manufacturing, finance, IT, and hospitality sectors respectively. The pilot project was formally launched on 20th September 2022.

EFC’s team of trainers visited these selected companies and engaged in discussions with their management to gain insights into their existing employee grievance handling systems.

They also gathered feedback from employees to assess their satisfaction with present grievance mechanisms. Based on the findings, EFC team developed customised grievance handling policies aligned with each organisation’s culture and specific requirements of each company to ensure practical implementation of the same.

All these grievance policies were designed in adherence to the Guidelines on Grievance Handling which were established for Sri Lanka in 2019 through workshops conducted by the ILO.

Following the development of these policies, four training sessions were conducted for the management teams of the participating companies. During these training sessions, the policies were presented in detail. The sessions also aimed to provide a comprehensive understanding of what constitutes employee grievances, the importance of addressing them promptly and the potential consequences if grievances are left unattended.

In addition to policy dissemination, the training sessions also focused on equipping managers with the necessary skills to effectively handle employee grievances. This included discussions on communication strategies, conflict resolution techniques, and the importance of empathy and active listening when addressing employee concerns.

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ComBank wins ‘Best Treasury Team’ at CT Marquee awards for financial institutions



Commercial Bank’s Head of Treasury Tivanka Damunupola accepts the award on behalf of the Bank

The Commercial Bank has won the Marquee award for ‘Best Treasury Team’ in the Financial Institutions category at the 2023 CT Awards presented by Corporate Treasurer – the print publication in Asia dedicated to treasury teams and Chief Financial Officers (CFOs).

The CT Awards ceremony was held at the Marriot Tang Plaza Hotel in Singapore on Tuesday 21 November 2023. The event celebrated treasury professionals who operate at the top of their class across three categories – House awards, Marquee awards and Best Treasury & Finance Strategies.

“The Treasury Department’s unwavering commitment to delivering outstanding results across various dimensions is at the heart of the Bank’s exceptional performance,” Commercial Bank’s Deputy General Manager Treasury Mr Asela Wijesiriwardane commented.

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