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Lankan private sector women employees more productive working from home amid COVID-19

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Almost two-thirds of 140,000 employees in Sri Lanka’s leading companies are struggling to meet personal and family financial obligations due to the impact of COVID-19, reveals a new report from IFC, a World Bank affiliate.

The report, Gendered Impacts of COVID-19 on Employment in the Private Sector, by Women in Work, a partnership between IFC—a member of the World Bank Group—and the Australian government, highlights that almost three quarters of the companies surveyed experienced a negative impact on revenue as a result of the pandemic.

The report is based on a survey conducted among 15 leading Sri Lankan companies across a range of sectors—banking and finance, fast moving consumer goods, information technology, garments and manufacturing. The companies surveyed employ more than 140,000 employees, including almost 85,000 women.

According to the study, female employees were more likely to have experienced increased hours, remote working, a change in job role or to have been re-allocated to a different business unit or work location. Moreover, female employees faced the greatest stress in terms of meeting increased electricity and other utility bills, compared to their male counterparts.

“COVID-19 has changed workplace dynamics radically. Among many other things, ‘working from home’ has become the new normal. Our research shows that despite household responsibilities and additional hours of work, women have reported an increased level of productivity during this period as compared to men,” said Amena Arif, IFC Country Manager for Sri Lanka and Maldives. “We think that this new set up has allowed more women to better manage work and home fronts. This also presents an opportunity for employers to reassess certain company policies to best suit the needs of their employees.”

The report also finds that one in five respondents reported to be concerned about possible job loss, and one in ten said they may need to find new employment. Two out of five employees surveyed said they may need to supplement their income, while one-third of them believed they would need to up-skill or retrain in a new area.

In addition, almost one-third of employees surveyed experienced a salary reduction and almost 40 percent of them had their benefits reduced due to the pandemic.

The latest IFC-DFAT findings also offer recommendations to better support working men and women in the private sector. These include developing meaningful flexible work policies, supporting staff—particularly women—with access to technology, introducing safe transportation, and providing mental health and wellness support.

 



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Hemas Consumer strengthens portfolio with L’Oréal partnership in Sri Lanka

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Hemas Consumer, the leading manufacturer and distributor in Sri Lanka’s beauty and personal care sector has strengthened its portfolio of offerings in a groundbreaking partnership with the world’s number one beauty company, L’Oréal. With this partnership Hemas Consumer obtains distributor rights to leverage its sales network and innovative marketing approaches in taking L’Oréal’s wide range of beauty and personal care brands across Sri Lanka.

Commenting on the new partnership, Sriyan de Silva Wijeyeratne, Managing Director, Hemas Consumer & Executive Director Hemas Group said, “We have spent over fifty years building successful and strong consumer brands in Sri Lanka. In keeping with our promise of consumer delight and trust, we are elated to partner a world-class cosmetics group like L’Oréal expanding our existing portfolio with the world’s most sought-after beauty and personal care products.

We are well equipped in our distribution process with island-wide sales channels to serve all parts of the country. I believe this partnership will revolutionize Sri Lanka’s beauty care industry and more prospects await as we continue to look ahead with L’Oréal.”

Sabrina Esufally, Director Business Development and Innovation at Hemas Consumer said, “This partnership will enable Sri Lankans to access the iconic brands and solutions created through years of research and innovation by L’Oréal. In the fast evolving and dynamic beauty industry, the combined strength of Hemas’s local heritage and penetration, and L’Oréal’s global technology and trust is the perfect recipe for consumer delight.”

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DFCC Bank supports industrial excellence by partnering CNCI Achiever Awards

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DFCC Bank PLC, stepped up once again for the 3rd consecutive year to partner with the Ceylon National Chamber of Industries (CNCI) as the principal sponsor and official banking partner of the CNCI Achiever Awards 2020.

The CNCI Achiever Awards was held for the 19th consecutive time to recognize the outstanding efforts of exceptional performers who have molded their respective industries with innovative solutions, while overcoming challenges and meeting the demands of their clientele. This year, the event was recently held under strict health guidelines at the Galadari Hotel in Colombo. 

Commenting on the sponsorship, Chief Executive Officer of DFCC Bank PLC Lakshman Silva stated, “We are pleased to have partnered with the Ceylon National Chamber of Industries (CNCI), as the Main Sponsor and Official Banking Partner of the 19th CNCI Achiever Awards 2020. DFCC is honored to partner in reconciling successful Sri Lankan businesses from various industrial sectors. Our partnership with this prestigious awards programme aligns seamlessly with our commitment to foster and reward industrial growth across the country and support local entrepreneurs in MSME & SME sectors.”

 

 

 

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Lanka SSL triumphs with National Gold and Top Ten Awards

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CNCI Achiever Awards 2020

Lanka Special Steel Limited (Lanka SSL), a trusted name in wires and a fully-owned subsidiary of E B Creasy & Company PLC, was recently awarded the coveted National Gold Award under the Extra Large category in the Manufacturing Sector at the Achiever Awards 2020 for Industrial Excellence.

The annual event organized by the Ceylon National Chamber of Industries (CNCI) was held in March 2021 at Colombo, and celebrated some of the leading industrialists in the country for their tremendous and continued efforts in uplifting and promoting quality standards, productivity, growth and strategy, R&D, employee welfare and others whilst contributing to both the society and economy at large.

‘We are immensely proud to have been recognized with two very prominent awards at this year’s CNCI Achiever Awards. It is a huge leap from just winning a Merit Award the last time around, and this incredible achievement certainly reflects our highly ambitious plans to strive for continued excellence. We would like to thank our valued customers and all stakeholders. We are grateful to our hardworking and committed staff at Lanka SSL who have made this possible,’ said Pravin De Silva, CEO of Lanka SSL.

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