Business
National Foundation Day celebrations of Republic of Korea held in Colombo

On 5th October 2022, the Korean Embassy led by Korean Ambassador, Santhush Woonjin Jeong hosted the National Foundation Day Celebrations of the Republic of Korea, at the Shangri-La Hotel in Colombo. It is a monumental year to commemorate the 4354th anniversary of the establishment of the Korean nation, against the backdrop of the 45th anniversary of diplomatic relations between Korea and Sri Lanka celebrated this year, The National Foundation Day reception was celebrated with the participation of many Korean nationals, Sri Lankans and friends of Korea.
Among the dignitaries, the gracious presence of the Chief Guest, the Minister of Education, Dr. Susil Premajantha, Speaker of the Parliament, Cabinet Ministers, State Ministers, Members of Parliament, Chief of Defence Staff, Attorney General, IGP, Governors, Secretaries, Ambassadors and diplomats further contributed to strengthening the bilateral cooperation of Korea and Sri Lanka. Members of the business community with ties to Korea, Sports and cultural dignitaries, Korean ODA directors and media organizations were also present at the event to felicitate this occasion. Korean residents including Um Kyung-Ho PUAC President also took part in the celebrations.
The Korean National Foundation day ‘Gaecheonjeol,’ marks the origin of the first Korean Nation by the legendary founding father Dangun in 2333 BCE on October 3rd of every year. It is a special occasion for Korean nationals living worldwide. Due to the COVID-19 global pandemic, the National Foundation Day Reception was not held in the last two years. The grand celebration held this year on the 45th anniversary of the establishment of diplomatic relations has served as an opportunity for the two Asian friends to develop the bilateral cooperation to new heights.
The official ceremony started with the National Anthems of both Sri Lanka and Korea performed by the Sri Lankan Navy Band.
Delivering the opening remarks, Ambassador Santhush Woonjin Jeong stated that, “I would like to express my sincere gratitude to all Korean nationals, Sri Lankans and friends of Korea in Sri Lanka for attending today’s event. It is my great honour to host this wonderful occasion after a hiatus of two years. The Republic of Korea was once known as an aid-recipient nation in the past. We started from nothing, from ruins, devastated by the Korean War. Today, Korea has risen to the 10th largest economy and the 7th biggest exporter in the world. This year we celebrate the 45th anniversary of diplomatic ties between our two countries. At this juncture, I remind you that the relations between our two countries have continued to evolve and develop in a whole spectrum of fields of mutual interest. Now is the time to realize the potential of this beautiful country and achieve our common goals together. It is an opportune moment for Korea and Sri Lanka to deepen and widen exchanges, learn from each other’s experiences and intensify mutually beneficial cooperation.”
Hon. Dr. Susil Premajantha Minister of Education congratulated H.E. Santhush Woonjin JEONG for the National Foundation Day of Korea. He stated, “Korea has emerged as a peaceful country with a vibrant democracy and a rich cultural heritage. We are proud as an Asian country to say that Korea has progressed in her journey as a developing country to a developed nation through the economic miracle, popularly known as ‘Miracle of Han River.’ Sri Lanka too wishes to draw from be guided and to emulate the economic miracle of the Republic of Korea, towards achieving our goal of socio-economic development. Korea has remained consistently as an invaluable development partner of Sri Lanka contributing to the development priorities of the Sri Lankan government especially in the fields of education, transportation, water management and rural development.” Hon. Minister further highlighted the Sri Lankan government’s initiative to adopt Korean language for advanced level classes and introduction of the Korean language for the university entrance examination from 2023. The Minister commended the paper donations by the Korean community in Sri Lanka to the Department of Examinations during the difficult times. Furthermore, the Minister expressed the deep appreciation to the government of Korea for providing much needed employment opportunities to Sri Lanka and looking after their welfare.
Business
Dulux colours Architect 2023 exhibition with vibrant and engaging presence

Dulux -Sri Lanka’s, a leading manufacturer of paints and coatings – is celebrating the successful close of its participation at Architect 2023, also taking home an award for the ‘Best Trade Stall with Innovative Use of Colour’.
Organised by the Sri Lanka Institute of Architects -and now in its 41st year- this year’s edition of the Architect 2023 annual trade fair took place from February 24-26 at the BMICH, and witnessed greater participation from leading companies and entrepreneurs actively involved in the various construction and architecture sectors; both locally and internationally, a company news release said.
“Dulux established a strong presence at the event with a spectacular exhibit themed Colour Futures ’23, featuring its 2023 Colour of the Year: Wild Wonder. Visitors to the stand were able to explore the four colour palettes, Lush, Buzz, Raw and Flow, inspired by the nature-influenced theme, with Dulux colour experts on hand providing unique trade insight, and also advising visitors on how best the shades can be implemented into their own work and living spaces,” it said.
“The popular mascot, “Dulux Dog” was also present to playfully engage with exhibition attendees and brighten up the vibrant Dulux stall even further. The Dulux exhibit proved widely popular among attendees to Architect 2023, due to its powerful display of colour in both interior & Exterior spaces. “
“Architect 2023 was a great opportunity for Dulux to learn from fellow trade professionals, and also to introduce visitors to the latest trends and insights from the global paints and coatings landscape,” said Upendra Gunawardhana, Head of Marketing at AkzoNobel Paints Sri Lanka. “We’ve maintained a strong long-standing relationship with the SLIA, and have every intention of being back again next year as well.”
Business
ACCA reaffirms ComBank as Best among Sri Lankan banks for Sustainable Reporting

The Commercial Bank of Ceylon was declared the best among all Sri Lankan banks in sustainability reporting at the Sri Lanka Sustainability Reporting Awards for 2022 presented by the Association of Chartered Certified Accountants (ACCA) Sri Lanka.
As the winner in the ‘Banking’ category Commercial Bank was recognised for being one of the most transparent, accountable, and responsible entities in the country. The award was presented for the Bank’s 2021 Annual Report titled ‘Beyond a shape, beyond a colour’ which among other aspects, explores the Bank’s evolving operating context in which social and environmental concerns are brought to the centre of its corporate agenda.
Prepared in line with the International <IR> framework, this Annual Report also presents the Bank’s social and environmental impacts as per the Global Reporting Initiative (GRI) standards: Core option. Additionally, it reports on the Bank’s contribution towards the UNDP Sustainable Development Goals.
The Report also features a dedicated section on ‘Business model for sustainable value creation’ and discloses information on loans screened through the Bank’s Social and Environmental Management System (SEMS), paper reduction and recycling initiatives, increased usage of renewable energy, and switching to energy-efficient appliances under the section on ‘Natural Capital.’ Indicators of value derived in this category include reduced energy consumption in gigajoules, number of facilities subjected to SEMS screening, number of new solar panel installation locations, number of internet banking and mobile banking users, and solar power generated as a percentage of energy consumption.
Commercial Bank’s high standards in comprehensive reporting area result of the Bank’s commitment to being a responsible financial entity and shaping its work ethics around sustainable business practices, the Bank said. Last year too, Commercial Bank topped the ACCA awards in the Banking category, in addition to winning the overall award for the Best Sustainability Report of 2020.
Notably, Commercial Bank’s 2021 Annual Report also won four awards including a Gold for ‘Interior Design,’ and a Bronze for ‘Interactive Annual Report’ at the 2022 edition of the MerComm ARC Awards which is the world’s largest annual report competition.
The Bank’s sustainability initiatives include lending to support sustainable and green operations, migrating customers to paperless banking, improving efficiency in the use of energy, water and other resources in its own operations and supporting community initiatives that help conserve habitats and the environment. Its support to a mangrove restoration project in Koggala and marine turtle conservation initiative in Panama are examples of its commitment to environmental conservation.
The Bank pioneered a mandatory social and environmental screening process for its project lending activities and was the first bank in Sri Lanka to venture into Green Financing. It also revolutionised digital banking by introducing features in its ‘Flash’ mobile application to measure and offset customer impact on the environment.
Business
Ex-Pack Corrugated Cartons PLC prioritizes psychological wellbeing in view of Women’s Day

In view of the marking the International Women’s Day, Ex-Pack Corrugated Cartons PLC held an insightful event at their state-of-the-art factory premises in Kelaniya, highlighting the importance of psychological wellbeing and how Ex-Pack is taking up measures in ensuring an enabling environment for its 300 strong workforce, based on its wider DEI policies.
Various global studies have shown that women are impacted at much higher rates than men when it comes to mental illnesses. The session celebrated their achievements and life stories, and shared some eye-opening tips, facts, know how’s, to-dos, and various other influential factors including the dire need to change our perspectives on women’s roles, health and wellness. This also touched upon the emotional and social aspects of wellbeing too.
This year’s theme is centered on #EmbraceEquity, and Ex-Pack is no stranger when it comes to pursuing gender equality in an industry that has been traditionally dominated by male. As one of leading corrugated cartons manufacturer in Sri Lanka delivering end-to-end packaging solutions to both local and international clientele, and a subsidiary of Aberdeen Holdings (Pvt) Ltd, Ex-Pack actively encourages more female participation.
‘With this year’s theme being #EmbraceEquity, we take great pride in being an ambassador and role model in our industry. We go beyond just equal opportunities to pro-actively collaborate with everyone, to ensure that our talented women have every possible resource at their disposal and are given all the required support to succeed both professionally and personally,’ said M. Zulficar Ghouse, Managing Director- Ex-Pack Corrugated Cartons PLC
Ex-Pack has long been engaged with providing equal career opportunities, and both men and women
are respected, rewarded and compensated equally. The company also has an open-door policy for all employees. Women empowerment stems directly from the top leadership, recognizing that women and their strengths are crucial to both the company and the overall economy.
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