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Pelwatte Dairy backs President’s pledge to meet domestic liquid milk demand

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Pelwatte Dairy Industries,is on a renewed mission to meet the domestic milk demand and uplift the socio-economic status of local dairy farmers.

This comes in support of President Gotabaya Rajapaksa’s recent pledge to empower the local dairy industry and increase the domestic liquid milk production in the next decade. The government’s National Policy Framework ‘Vistas of Prosperity and Splendour’ is set to include short-term and long-term plans in collaboration with the public and private sectors, and small-scale farmers to meet the local demand for liquid milk.

In this regard, Pelwatte Dairy is determined to support the dairy farming sector by ensuring that all small-scale farmers and private farms will have a guaranteed buyer in them, and that their products will always be competitively priced so as to uplift them.

“The most significant components of our value chain are the farmers. It is for this very reason that we, at Pelwatte Dairy Industries, remain heavily invested in working with and uplifting dairy farmers with an intense focus of raising the socio-economic standards of these poor communities.

“The initiatives recently discussed by the President to increase the production of milk – including improvements in grass cultivation, dairy cow breeding and research institute services – are cordially and readily welcomed by us. It’s highly rewarding to see several initiatives being directed towards the empowerment of the dairy farming sector and the communities involved. And Pelwatte is extremely proud to be part of that narrative and journey,” states Managing Director of Pelwatte Dairy Industries Akmal Wickramanayake.

On the customer front, Pelwatte Dairy has always strived to deliver the highest quality products which adhere to globally acceptable standards. With Quality, Taste and Health being the three guiding pillars of the company, freshness has always been a key component of its offerings. And this is ensured through its policy of delivering all products straight from the farm to retail chains within a time span of 48 hours.

“As a strong advocate of supporting local and small businesses, our goal is to bring about a shift in the perception of Sri Lankan consumers, shining light on the reality of the local dairy sector which is that local dairy companies such as ours produce superior value-added products that are at par with or even better than the international brands that have been imported to the market over the past several years,” states Wickramanayake.

Moreover, the need to support local industries becomes all the more imperative in the post pandemic world. Commenting on the same, Wickramanayake added: “COVID-19 was a real eye opener for Sri Lankan consumers, shedding light on unfeasible buying patterns, flashy lifestyles and exuberant consumerism. Therefore, minimising imports and empowering local industries to sustain the nation is definitely the way forward in this day and age.”

Pelwatte Dairy remains highly committed to the sustainable growth of the dairy industry in Sri Lanka and seeks to steer this growth by empowering the farmers and their communities. Its ultimate goal since inception has been to make the country self-sufficient in milk production. And following the recent meeting with the President, the company is exceedingly eager to work hand in hand with the government and other stakeholders in the realisation of this national goal.

 

 



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Business

Newly developed Sathosa Motors Service Complex to service all vehicle brands

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Sathosa Motors PLC and its new state-of-the-art vehicle service complex, is now serving not just Isuzu but also any brand of vehicle.

Pioneering automotive specialist, Sathosa Motors is the sole authorized agent for the world-renowned Isuzu brand, but the newly developed service complex will now undertake all kinds of services required for any brand of vehicle.

 The internationally trained specialists are ready to serve you at the Sathosa Motors Service Complex now on weekdays from 8.00 am to 5.00 pm and on Saturday from 8.00 am to 1.00 pm at No 25, Vauxhall Street, Colombo 02.

Sathosa Motors PLC guarantees its customers reliable and convenient service and will undertake vehicle inspections, periodic maintenance, body and under carriage washing, interior cleaning and beautification, engine tuning, error diagnosis, accident repairs, air condition repairs, and many more at a highly affordable rate.

In addition, genuine spare parts, as well as lubricants and industrial services are available at discounted prices at the Service Complex.

Sathosa Motors PLC aims to provide high quality services at all times and all services are carried out strictly under health guidelines due to the prevailing COVID-19 pandemic situation.

Sathosa Motors announces that it has decided to keep all branches of the Sathosa Motors service network open to continue to serve its customers.

 

(Sathosa Motors)

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CSE trading bullish despite rupee hitting historic low against dollar

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By Hiran H.Senewiratne 

CSE trading activities were bullish despite Sri Lanka’s rupee registering a historic slump against the US dollar   at 202/205 to the one month dollar in mid morning trade yesterday, after opening at around 200/203.The stock market moved up, though, anticipating March quarterly results to be exceptional. This is expected to be particularly true of the Hayleys Group and Expolanka. Accordingly, investors seem to be re-entering the market after January, stock market analysts said.

Further, approval of the US $ 500 million Chinese loan and the fact that the Port City Bill has been tabled in parliament have lifted investor sentiment in a significant direction of the stock market, market analysts said. Amid those developments, both indices moved upwards, especially the All Share Price Index went up by 1.22 percent. The All Share Price Index rose by 92.35 points and S and P SL20 went up by 19.21 points. Turnover stood at Rs. 4.72 billion with four crossings. 

Those crossings were reported in JKH, which crossed 922,000 shares to the tune of Rs. 137.8 million, its shares traded at Rs. 149.25, Commercial Bank 950,000 shares crossed for Rs. 82.7 million, its shares traded at Rs. 87, HNB 155,000 shares crossed for Rs. 26.5 million, its shares traded at Rs. 132 and Ceylon Cold Stores 33,500 shares crossed for Rs. 20.1 million, its shares fetching Rs. 600.

In the retail market, five companies that mainly contributed to the turnover were, Browns Investments Rs. 793.6 million (123.1 million shares traded), LOLC Rs. 463.4 million (1.32 million shares traded), Royal Ceramic Rs. 442 million (1.2 million shares traded), Hayleys Rs. 442 million (five million shares traded), Dipped Products Rs. 372.3 million (6.2 million shares traded). During the day 197.3 million share volumes changed hands in 30480 transactions. 

The market was quite bullish from the beginning and LOLC Group companies led the market. It is said that LOLC contributed 25.5 points to the All Share Price Index. Browns Investments 9.8 points and Vallibel One contributed 8 points to the All Share Price Price Index while Commercial Leasing contributed six points.    

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‘Embark on that long-awaited getaway with Emirates and enjoy special fares’

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Emirates is launching seasonal fares that enable aspiring globetrotters to plan exciting adventures around the world as well as for students preparing to travel overseas. With Emirates’ generous booking policies, customers have the option to lock in these special fares and extend ticket validity for up to three years, enjoying greater flexibility and confidence when planning travel during unprecedented times.

Travellers in Sri Lanka can look forward to flight deals on all routes in Emirates’ global network, with return fares starting at only Rs 68,700 in Economy Class or Rs 257,500 in Business Class. These special seasonal fares are available for bookings made from 13 to 26 April 2021, and are valid for travel between 16 April and 30 September 2021*.

Featured destinations and starting Economy Class fares include: US$ 342 (about Rs 68,700 at current exchange rates) to Dubai, US$ 654 (about Rs 131,300) to Milan, US$ 644 (about Rs 129,300) to Paris, US$ 1,117 (about Rs 224,200) to New York, US$ 1,303 (about Rs 261,500) to Toronto and US$ 966 (about Rs 193,900) to Nairobi.

Special Business Class fares start at US$ 1,283 (approximately Rs 257,500) to Dubai, from US$ 3,127 (about Rs 627,600) to Milan, US$ 2,860 (about Rs 574,000) to Paris, US$ 3,618 (about Rs 726,100) to New York, US$ 3,654 (about Rs 733,300) to Toronto and US$ 2,179 (about Rs 437,300) to Nairobi. All fares in Rupees are subject to the rate of exchange on the day of purchase.

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