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Nestlé Lanka partners SOS Children’s Villages Sri Lanka

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Contributes towards fulfilling the nutrition needs of over 600 children

Nestlé Lanka signed a Memorandum of Understanding (MoU) with SOS Children’s Villages Sri Lanka, to offer assistance to five SOS Children’s Villages across the island. Touching the lives of over 600 children in Anuradhapura, Galle, Jaffna, Monaragala and Nuwara Eliya, the ‘Goof food, Good life’ company’s contribution would be channelled to meet their food and nutrition needs for six months, helping nourish them during this difficult time.

Sharing his thoughts on the partnership, Mr. Jason Avanceña, Managing Director of Nestlé Lanka said “At Nestlé, we are committed to doing our part to support communities through trying times, not just by continuing to deliver nutritious food and beverages but also by increasing our support towards those in most need. Although the impact of today’s challenges is felt by everyone from all walks of life, there are some more vulnerable than others, such as children. This is why we are proud to extend our assistance to SOS Children’s Villages Sri Lanka – an institution working tirelessly to care for our country’s future generation. We are glad to partner this esteemed organization in their efforts of raising healthier children, in our journey of giving back to Sri Lanka.”

“SOS Children’s Villages Sri Lanka is happy to have Nestlé Lanka on board as a corporate partner. I sincerely appreciate the efforts made by all our corporate partners, such as Nestlé Lanka, to brighten the lives of our children at SOS Children’s Villages during this difficult time. I look forward to working together with Nestlé Lanka for a long-lasting partnership, towards contributing positively to society by providing a happy and healthy childhood for children of today, who are the generation of tomorrow” said Mr. Divakar Ratnadurai, National Director of SOS Children’s Villages Sri Lanka.

Driven by its purpose of ‘unlocking the power of food to enhance quality of life for everyone, today and for generations to come’, Nestlé has nourished generations of Sri Lankan families with high quality food and beverages from early childhood to old age. Having started its operations in Sri Lanka in 1906, today, Nestlé has become an integral part of Sri Lankan lives and contributes to the livelihoods of more than 25,000 Sri Lankan dairy and coconut farmers and out growers and provides direct employment to over 800. The company manufacture over 90% of its products sold in Sri Lanka locally at their state-of-the-art factory in Kurunegala, employing strict safety and quality controls.



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BOI reports FDI inflows of US$ 713 million in first nine months of 2022

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From left: Raja Edirisuriya, BOI Chairman, Dilum Amunugama, State Minister of Investment Promotion and Renuka Weerakone, Director General of BOI

Signs 123 agreements to the value of US$ 1.9 billion in first 11 months

The Board of Investments of Sri Lanka (BOI) has attracted foreign direct investment at record levels notwithstanding a spate of global and local volatilities with total FDI inflows amounting to US$ 713 million in the first nine months of 2022, which is 71% of the 2022 full-year target of US$ 1 bn, revealed State Minister of Investment Promotion Dilum Amunugama.

Further, as of the first eleven months, BOI has inked a total of 123 agreements to the value of US$ 1.9 billion, which consists of US$ 1.5 billion in new projects and US$ 400 million in expansions.

New projects are from countries such as India, Japan, Norway, Hong Kong, the UK, the USA, and Singapore. Out of 41 new projects, the majority are for the manufacturing sector including apparel followed by ICT, Tourism, Infrastructure, Utilities, Services, and Agriculture sectors while most of the expansions of existing projects are from the manufacturing sector including apparel followed by logistics, telecommunication, ICT and Agriculture sectors.

Meanwhile, the export revenue of BOI enterprises topped US$ 7.9 Bn for the period from January to November 26, 2022.

Taking a look at the statistics related to merchandise exports, data from BOI Research & Policy Advocacy Department highlight that all export items except food, paper, and horticultural products have shown a significant increase in the given period compared to the corresponding period in 2021.

Accordingly, wearing apparel (excluding leather gar.) exports grew 8 % to US$ 4591.86 million in 2022 compared to the US$ 4261.48 million recorded in 2021, while rubber exports grew 3 % to US$ 1,052 million.

Also, other manufactured products (N.E.S.) exports grew 112 % to US$ 477 million, while PVC products grew 20 % to US$ 100.54 million.

In addition, export earnings from Jewellery & Lapidary increased by 16 % to US$ 134.99 million in 2022 while Leather Products (Including Leather Gar.) grew 72 % to US$ 16.32 and Footwear exports grew 146% to 2.6 million.

Apparel exports show the highest earnings in 2022 while footwear exports show the highest percentage in terms of growth.

The BOI has always been the forerunner of Sri Lanka’s export industry contributing over 65% to the country’s overall export earnings and 85% to the national industrial export earnings.

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Canisius Fernando re-elected CNCI Chairman for another term

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Ceylinco Life directors and representatives of the senior management

The Ceylon National Chamber of Industries (CNCI) had its 61st Annual General Meeting (AGM) on 25th November 2022 at Hotel Taj Samudra, Colombo. Thilaka Jayasundara, Secretary, Ministry of Industries was the Chief Guest while Chaminda pathiraja, Additional Secretary, Ministry of Industries was the Guest of Honour. Canisius Fernando, who had been the Chairman – CNCI for the past year was re-elected Chairman for another term at the AGM.

Fernando counts decades of experience in the private sector holding very senior and responsible appointments in reputed organizations in the country.

He has obtained his initial Degree in Management followed by a Master’s Degree in Business Administration from the University of Southern Queensland in Australia. Currently he is holding the position of the Chief Executive Officer of Aqua Packaging (Pvt) Ltd. In addition to his responsibility as the Chairman CNCI, he also holds the honorary appointment of the Chairman of “Indexpo Certification Ltd” which is a Certification Body initiated by the Ceylon National Chamber of Industries together with the National Chamber of Exporters of Sri Lanka.

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Ceylinco Life continues green mission with new branch in Minuwangoda

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The model of the new building to be constructed

Steadfast in its commitment to a greener environment, Ceylinco Life recently laid the foundation for its newest eco-friendly branch building in Minuwangoda, which will be the first of the Company’s branches to adopt a new low-cost precast concrete technology.

The new building will be built to the environment-friendly specifications adopted for all new branches on Company-owned land, and upon completion will be the 47th property to be owned by Ceylinco Life and the 32nd branch to operate in a Company-owned building.

The two-storey building at No 101, Veyangoda Road, Minuwangoda, will have 3,270 square feet of office space and seven dedicated parking slots.

As per the green mandate of Ceylinco Life, this branch will be powered entirely by a 20kW solar power system that results in zero consumption of electricity from the national grid, will have its own rainwater harvesting facility and a waste-water recycling system, minimising the use of pipe-borne water.

It will also be purpose-designed to make optimal use of natural light and will be fitted with energy-efficient artificial lighting and air conditioning systems. The precast construction method will also ensure minimal timber is used in the construction, the Company said.

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