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Macro trends, key driver in sector performances : Ceylon Chamber

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The Ceylon Chamber of Commerce launched its annual Outlook Report for 2021, at the Economy + Sector Review and Outlook 2021 webinar on 3rd of February.

The Outlook 2021 report published by the Economic Intelligence Unit (EIU) of the Ceylon Chamber of Commerce (CCC) explores the macroeconomic and sector outlook for the year ahead. The theme for the report is Driving Growth- Bridging Deficits. The sectors covered include Apparel, Tourism, FMCG, Consumer Durables, Construction, Agriculture, Plantations, Fisheries, Dairy, Pharmaceutical, IT/BPM, Electronics and Electrical Sectors and Logistics. The sector coverage is compiled after interviews with sector experts and analysis of sector data. The report provides a review of the performance of the global and local economy and the above mentioned sectors and perspectives on the outlook ahead.

Presenting the Outlook 2021, Chamber Chief Economist Shiran Fernando highlighted that Sri Lanka will stage a recovery in growth in 2021 driven key industrial sector, improvement in domestic consumption and resurgence in the service sector. The low interest rate environment would be a key feature in the first half of 2021. It was also identified that some of the macro trends will be a key driver in the sector performances as well.

Prior to the presentation and launch of the Outlook report, Ms. Aayushi Chaudhary Economist, India and Sri Lanka HSBC Securities and Capital Markets India presented on the global and regional economic performance. The two presenters then joined a panel discussion comprising Amal Cabraal who is presently Chairman and Non-Executive Director of multiple companies, Dr. Chandranath Amarasekara Director of Economic Research, Central Bank of Sri Lanka and Ms. Lakshini Fernando, Macro Economist and Co-Head- Research, Asia Securities. The panel discussion was moderated by Manjula de Silva CEO and Secretary General, CCC.

To purchase a copy of the report, click here to order online. You may also call 0115588883, or email saumya@chamber.lk, eiu@chamber.lk. It can also be purchased under the ‘publications’ tab on www.chamber.lk.



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Next Meats, Purveyor of the World’s First Plant-based Yakiniku Meats, Is Now in Singapore

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The Tokyo-based startup makes its debut in the alt-protein hotspot of Singapore Next Meats has collaborated with Aburi-EN to deliver two new meal sets Made with soybean proteins, the Kalbi contains no chemical additives or animal ingredients

SINGAPORE –

 Media OutReach – 14 April 2021 – Next Meats, a purveyor of the world’s first plant-based yakiniku meats, is making its debut in the alternative protein hotspot, Singapore! The Japanese alternative meat company has collaborated this time with popular Japanese restaurant Aburi-EN, which will offer two types of set meals using the NEXT Kalbi (boneless short rib) for the very first time. Made largely from soy proteins, the NEXT Kalbi contains double the amount of protein and half the fats than that of regular meat and even more, it does not contain any chemical additives or cholesterol due to its lack of animal ingredients. Now, Singaporeans can enjoy yakiniku without the guilt! 

The two new menus available at Aburi-EN are the Kalbi Don Set (S$13.80) and the Stamina Teishoku (S$15.80) — which are available for a limited time only. Next Meats has specifically chosen to work with Aburi-EN as they are a Japanese grilled-meat specialist. The two menus are the culmination of many months of research and development, and they will also be Aburi-EN’s first-ever plant-based dishes.

For the Kalbi Don Set, Next Meat’s Kalbi is grilled and served atop a bowl of fragrant Japanese steamed rice. Equally indulgent, the Stamina Teishoku features the Kalbi stir-fried with cabbage along with egg imported from Okinawa. The meat is then served with fragrant Japanese steamed rice, salad, pickles and miso soup. For both dishes, the meats are glazed with a special homemade sauce that packs an irresistible umami punch.   

 Both the Kalbi Don Set and Stamina Teishoku will be available at all Aburi-EN stores from April to July 2021.

 An advocate of sustainable food production and better food security

 The NEXT Kalbi is one of Next Meats’ innovative offerings, which includes other plant-based delicacies such as the NEXT burger and NEXT gyudon (beef bowl). The company champions the importance of saving the planet and humanity through reducing the emission of greenhouse gases (which is produced from meat consumption and animal agriculture) and utilizing biotechnology to combat protein deficiency.

 Through extensive research and development, Next Meats has culminated the knowhow on using molecular binding to mould vegetable proteins from powder. Buoyed by state-of-the-art, proprietary technologies, the company has successfully created vegan substitutes that replicate the texture of real meat.

 

 

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Lanka Hospitals tops healthcare sector in LMD’s Most Awarded Entities

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Lanka hospitals, the internationally accredited multiple award-winning healthcare provider, topped the healthcare sector in the Most Awarded list compiled by LMD magazine for 2019/20.

Designed to rank the most awarded entities in Sri Lanka, LMD conducted the research, the first of its kind in Sri Lanka, involving 204 corporate entities, based on the cumulative tally of awards received from 52 awarding bodies between January 2019 to September 2020.

With a total of five awards, securing the overall rank of 67, Lanka Hospitals came first in the healthcare sector.

Deepthi Lokuarachchi, Group CEO, Lanka Hospitals, said three factors contributed towards Lanka Hospitals’ award winning process; profound commitment to quality, service standard in healthcare and the accreditation of Joint Commission International (JCI).

“Our stringent standards for quality have earned accolades and accreditations from numerous national and international agencies. Lanka Hospitals has been in the forefront of healthcare providers since 2009 and, particularly, between 2019 and 2020, we were able to win seven national and international awards including one for environmental management systems”, he said.

As a result of superior facilities, customer care and quality of service Lanka Hospitals offers, a growth was experienced in terms of medical tourists during the Covid-19 pandemic even though the inbound international population was restricted. JCI, a US-based accreditation agency, rates healthcare services based on several criteria related to medical as well as non medical services”, he noted.

In terms of corporate responsibility, Lanka Hospitals focuses on skills development, medical care and donations. Every year, Lanka Hospitals’ nursing school enrolls batches from outside the Western province and upon the successful completion of the course they are offered employment, he added.

 

 

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Sino Lanka Power Gen to install 2MW solar power at Taprobane Seafood Dankotuwa plant

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Sino Lanka Power Gen announced its partnership with Taprobane Seafood to supply and install a one-megawatt solar photovoltaic (PV) system at their plant in Dankotuwa. This is the first of a two-phased project with the second megawatt to be installed in two years. The collaboration will result in a 19,000 tonne reduction in Taprobane’s carbon footprint over 20 years, a company news release said.

“Combating climate change has become critical and we are delighted to team up with Taprobane Seafood to be a part of their solar expansion strategy,” said Dhiren Kundanmal, Director of Sino Lanka Power Gen. “We are honoured that Taprobane Seafood, being a conscientious brand aiming to reduce its carbon footprint, is looking towards us as a working partner in this area. Our approach is fivefold i.e., improve yields and plant performance, reduce downtime, holistic monitoring, skill transfer, and finally minimising their liability and risk.”

Commenting on the partnership, Taprobane’s Managing Director Timothy O’Reilly said Taprobane Seafood has always been at the forefront of ethical labour practices, sustainable development, and earth friendly practices. “Shifting to solar energy is an important step in our sustainability journey and we believe Sino Lanka is the right partner for us given their expertise in the renewable energy industry,” he said.

Established in 2010, the Taprobane Seafood Group is Sri Lanka’s leading seafood company with over 1,500 direct employees in 11 processing facilities throughout the north-western and northern province. With high quality standards, social responsibility, and sustainability values, Taprobane’s vision is to be the global leader in sustainable and socially responsible seafood.

Sino Lanka Power Gen provides state-of-the-art equipment, capable of withstanding harsh tropical environments, utilising the latest technology from Canadian Solar and SunPower, alongside Tier 1 purpose-built inverters. The company adopts the latest industry trends -namely IoT, big data, and AI- to ensure their systems perform optimally for well over 20 years.

Sino Lanka Power Gen’s vision is to support the government’s initiatives on the “Soorya Bala Sangramaya” policy statement that sets a target of meeting 70% of the country’s total electricity demand from renewable energy sources by 2030.

Sino Lanka Power Gen is a joint venture between the Sino Lanka Group – an Asian enterprise with investments in real estate, hospitality, chemicals, healthcare, financial services, and rooftop solar, among others-, and the Atman Group, an investment holding company with investments in renewable energy, hospitality, real estate, and agriculture.

Sino Lanka Power Gen provides reliable and modern renewable and sustainable sources of energy for businesses, with a dedicated engineering and operations team that counts over 25 years of collective experience in implementing rooftop solar projects across Sri Lanka.

 

 

 

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