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Lions Club of Colombo to conduct webinar series on financial inclusion, literacy capacity development

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With the intention of providing a glimpse on becoming successful entrepreneurs and self-sufficient individuals, the Lions Club of Colombo(Host) District 306A1 will be conducting a series of webinars on the topic ‘FinancialLiteracy and Capacity Development’ starting from July 2021. Themed “Money Matters”, the webinar series is the first phase of the financial literacy and capacity development project, and the second phase will target selected candidates from 50 low-income families in the Kosgolle village of the Matale District in Sri Lanka.

Held via Zoom, the first series of webinars will host an esteemed panel of national and international speakers and professionals in the banking and finance industry including B L J Saliya Balasooriya, Director Regional Development Department of the Central Bank of Sri Lanka, Thilak Piyadigama, CEO, SANASA Development Bank (SDB), Ricardo Estrada representing Frankfurt School of Finance and Management, Germany as the Course Director, Certified Expert in Financial inclusion Policy, Robin Newnham, Head of Policy Analysis, Alliance for Financial Inclusion (AFI) and Lion Mahendra Amarasuriya, Ex Chairman of Commercial Bank of Ceylon and Past International President of Lions Clubs International.

Lion Asitha Pinnaduwa, Project Chairman, Past Leo District President and Lions Club of Colombo (Host) President 2021/22 said, “Financial literacy and financial inclusion are essential aspects that make way for financial stability. Understanding these areas will allow any individual to succeed in any given business scenario and achieve expected outcomes by taking well-informed decisions. Sri Lanka’s low financial literacy which currently sits at 35% is one major reason for the uphill challenges we face as a country today. It is in this background we have shouldered the responsibility to enhance finance literacy of communities and contribute towards creating a more equitable economy.”

 



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Assetline Leasing recognised at SLIM People’s Awards

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Assetline Leasing Company Limited (ALCL) was nominated for “SLIM People’s Financial Services Provider of the Year” category at the recently held SLIM People’s Awards 2021 at BMICH, Colombo.

As a specialized leasing company with a network of 53 branches located Islandwide, ALCL has been able to carve a name for itself as a leading financial services providers by continuing to fulfill the financial needs people from all walks of life with an innovative and reliable portfolio of leasing and loan products that are geared to improve the livelihood of individuals and families whilst enriching their lifestyles. Access to financial services, particularly by SMEs and entrepreneurs, has always been a key area of ALCL’s focus.

Commenting on the achievement, Ajantha Premasiri, Chief Marketing Officer, ALCL, said; “We would like to extend our sincere gratitude to our valuable and loyal customers, business partners and team Assetline for their unwavering support in securing this nomination in the category of “SLIM People’s Financial Services Provider of the year”.

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DIMO forum focuses on youth skills for employment and entrepreneurship

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DIMO celebrated ‘World Youth Skills Day’ by shining the spotlight on the importance of equipping the youth with skills for employment, decent work and entrepreneurship, through a webinar titled ‘Job Demand and Vocational Education – Fuelling Dreams and Aspirations of the Youth’, held recently.

The keynote speaker at the webinar was a renowned expert in the industry, Mangala P.B. Yapa the Director General / CEO of Employers’ Federation of Ceylon, while the panel consisted of leading Human Resources professionals Dilrukshi Kurukulasuriya the Chief Human Resources Officer of DIMO, Chinthaka Premaratne the Group Director Human Resources of Fairway Holdings and Ishan Dantanarayana the Group Chief People Officer of Brandix. The event was moderated by Yohan Thilakaratne the Head of Corporate Communications of DIMO. Vocational Training is a key attribute in DIMO’s sustainability agenda and the forum ‘Job Demand and Vocational Education – Fuelling Dreams and Aspirations of the Youth’ was the latest initiative of DIMO to empower the dynamic youth with the correct skills.

During his keynote address, Mangala P.B. Yapa stated, “Knowledge, skills and employment are 3 elements that are inter-connected in a complex manner. Today, knowledge has surpassed skills and therefore, receives prominence. However, I believe that knowledge which does not develop skills, does not do justice to society. Through vocational education, what we attempt to do is to develop both knowledge and skills.”

 

 

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CA Sri Lanka Annual Report Awards makes a comeback this year

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In its continuing determination to crown the most brilliant financial reports produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will present the prestigious Annual Reports Awards competition this year, incorporating new concessions on account of COVID-19, whilst also automating the marking system for the first time in the competition’s history.

Applications for the 56th Annual Report Awards competition 2021 will be accepted from 15th August 2021 onwards. Organisations ranging from multinationals to blue-chip companies, conglomerates, small and medium businesses, state corporations, statutory bodies and even NGOs and NPOs which produce annual reports can vie for this year’s top honours.

Known to promote transparency, corporate governance, sustainability and social responsibility, the competition’s grand comeback this year was announced at a press conference on Tuesday.

The Annual Report Awards commands a history of over half a century, but following COVID, the Institute decided not to proceed with the competition last year on grounds that the competition would not yield the required benefits for the participating companies due to the challenges stemming from the pandemic and the related crisis.

Addressing the press conference, Jayesinghe said that as the sole authority to promulgate accounting and auditing standards in Sri Lanka, the Institute has taken every effort necessary to implement a world class accounting framework, which will result in long-term benefits to the country including bringing in vital investments such as FDIs.

He said that an annual report is recognised as the single most important document for readers and potential investors to understand the financial state of a company as well as its positive contribution not only towards the company’s bottom line but also to the country and society.

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