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Medical equipment and other vital assistance from the Republic of Korea to Sri Lanka

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President Moon Yong-Jo of IIDA, Dr. Mendis and other senior most officials of the IIDA, with samples of the sanitary products, at the briefing session of the ceremony

 

With the intervention and coordination of the Embassy of Sri Lanka in Seoul, the Sri Lankan community and well-wishers in the Republic of Korea (RoK) and the KEB Hana Bank, one of the largest money center banks, have gifted new 32 Intensive Care Unit (ICU) beds to Sri Lanka at the height of the COVID pandemic.

These state-of-the-art ICU beds, which were handed over to Ambassador Dr. A. Saj U. Mendis and Head of Chancery Ms. Nilanthi Pelawaththage, would be air lifted to Sri Lanka, courtesy of SriLankan Airlines, this week to reach Colombo at the earliest. These ICU beds are valued at over USD 12,000 (SLRs. 2.4 million). It may further be noted that the E9-PAY Company Ltd. in the Republic of Korea facilitated the sourcing of the aforementioned ICU beds in close coordination with the Embassy of Sri Lanka. Further, the Embassy has raised funds, primarily from the Sri Lankan community and migrants in the RoK, in excess of SLRs. 2 million, which would be used to purchase 50 Oxygen Cylinders with the capacity of 10.2L. These would be air lifted to Colombo at the earliest.

The Embassy successfully negotiated and interceded with International Interchange Development Association, known as IIDA, headed by Mr. Moon Yong-Jo in order to receive a gift of Cancer Detection and Prevention Machine and a large quantum of sanitary products such as shampoos, tooth brushes, toothpaste and soaps, amongst others, to the peoples of Sri Lanka. This initiative was effectuated by the Commercial Division of the Embassy along with Ambassador Dr. Mendis. The listed price of the Cancer Machine is USD 365,000 and total cost of sanitary products is USD 318,000 thus making the total gift amounting to USD 683,000 or SLRs. 135 million respectively. Since this consignment is very large, it would be shipped to Sri Lanka as soon as IIDA and the Embassy source a competitively priced freight forwarding agent.

This Agreement was signed by Dr. Mendis and the Commercial Division of the Embassy with the President of the IIDA to receive the Cancer Detection and Prevention Machine and other sanitary products to be shipped to Sri Lanka. “The Cancer Detection and Prevention Machine, which is one of the most state-of-the-art machines used in the world, would be of immense usage and utility to patients suffering from cancer and cancer related sicknesses in Sri Lanka”, added Dr. Mendis during the gifting ceremony. Ambassador Dr. Mendis further stated “according to the WHO and Center for Disease Control (CDC) in the US, cancer is one of the primary causes of untimely deaths of peoples in developed and developing countries including in Sri Lanka. On any given day, approximately 30,000 people in the world die due to cancer, which is far higher than any other cause of death except of heart diseases”.

Some of the deadliest and most difficult cancers to be medically treated are prostate, pancreatic, breast and lung cancer, amongst others, and in Sri Lanka, Dr. Mendis added that a substantial number of people die each year due to cancer. President Mr. Moon of IIDA had visited Sri Lanka in the past and the International Non-Governmental Organization (INGO) conducts altruistic and philanthropic functionaries in a number of developing countries around the world. The President of IIDA stated that in due course once the COVID pandemic is over, the IIDA would dispatch a couple of experts and technicians to Sri Lanka to familiarize the operational aspect of the aforementioned Cancer Detection and Prevention Machine.

The Embassy on close coordination with Sri Lanka Air Force, intervened and negotiated with the International Fire Safety Association of the RoK, a reputed INGO, which has gifted a Water Tank Vehicle and two Fire Pump Trucks to the Sri Lanka Air Force. The Agreement on the gift of fire engines was signed by the Chairperson of International Fire Safety Association and Dr. Mendis and the fire engines, which were scarcely used and are in very good condition. These highly advanced fire engines would be shipped to Sri Lanka in the immediate future. During the recent past, the aforementioned Association has gifted fire engines and ambulances to a number of countries and the Chair assured to the Embassy and to Dr. Mendis that in the future, the Association would gift more fire engines and ambulances to Sri Lanka.



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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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