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Professor (Capt) Nalaka Jayakody awarded Outstanding Alumnus by prestigious World Maritime University

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Cleopatra Doumbia-Henry, president of World Maritime University, often renowned as the ‘Ocean Influencer’ (L), and Prof (Dr) Captain Nalaka Jayakody presently serving as VC and CEO of Northshore International Campus (R)

In recognition of his distinctive contributions to the maritime sector both nationally and internationally, Professor (Dr) Capt Nalaka Jayakody, a renowned academic and Master Mariner, was bestowed an Outstanding Alumnus award on November,1 by World Maritime University (WMU) in Malmo, Sweden, making him the first recipient from South Asia.

This prestigious award was conferred at the convocation by the Chancellor of WMU Kitack Lim who is also the Secretary General of the International Maritime Organization (IMO).

Prof Jayakody obtained his Master of Science (MSc) in Maritime Education and Training (MET) from WMU. This two year full-time programme in 2000-2001 was prior to pursuing his Doctor of Science (DSc) in Maritime Affairs from Dalian Maritime University in China where he also served as a professor. He excelled as a class leader throughout his time at WMU, actively taking part in various activities.

Commenting on this incredible achievement, president of the World Maritime University, Dr Cleopatra Doumbia-Henry, stated ‘It is always a great pleasure to be in close contact with our graduates, and to be able to recognise such an eminent graduate, and one who has made such an impact in the field of education is an immense pleasure. Professor Jayakody is an example of how, if we work together, we can transform our world and ensure sustainable development for everyone in it.’

Prof Jayakody was the first and only Sri Lankan to be elected Vice President of the Student Council. He represented WMU for the Malmo Dragon Boat Race for two consecutive years, and participated in many sports such as soccer, badminton, swimming, squash, and athletic, winning the title Sportsman of the Year in 2001.

‘I am delighted to be recognized with this prestigious award from WMU and would like to thank each and every one that made it possible. I always cherish the memorable moments spent at WMU two decades ago, and my learning and achievements during my time here has with no doubt contributed significantly to my ambitions and aspirations,’ said Prof Nalaka Jayakody who now serves as the Vice Chancellor and CEO of Northshore International Campus.

Prior to this, Prof Jayakody was the Vice President of CINEC, having joined the higher education institute as a lecturer in 1998 and quickly rose to senior lecturer, head of the department, dean of the faculty, and director. His enormous contribution towards state and private higher education and maritime sector in the country goes without saying.

Prior to entering the world of academia, Prof Jayakody was the Master of a merchant ship, having sailed with various types of vessels from 1984 to 1998 in ascending ranks of seniority. His maritime training began in 1984 and went to obtain the first Certificate of Competency (CoC) as Class II Second Officer from the Australian Maritime College in 1989, and later the Master Mariner qualification from the Royal Melbourne Institute of Technology (RMIT), Victoria, Australia in 1994.

He is undoubtedly a well experienced seafarer, having traveled over 90 countries working with diverse cultures and people. He takes great pride in being the first and only Sri Lankan Master Mariner and one of the very few in the world to obtain a doctorate and become a professor to date.

Prof Jayakody’s two other well notable awards include the recent International Leadership Innovation Excellence Award’ 2019 by IES India, and ‘Award of Academic Excellence’ 2014 by the then President of Sri Lanka.

Professor Jayakody DSc (Cn), MSc (Swe), FNI (UK), FCILT (UK), FIMarEST (UK), CMarTech (UK), Master Mariner (Aus) also served as the chairman of The Nautical Institute (NI-UK) Sri Lanka Branch, president of the Sri Lanka Association of Non-State Higher Education Institutions (SLANSHEI), and presently serves as an Advisor – Professional Services (Education) of Export Development Board (EDB). He is also a prominent advisor to various state and private sector authorities and institutions.



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Seylan Bank takes the lead to promote LANKA QR beyond Western Province

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Seylan Bank, the Bank with a Heart, organized the ‘Seylan Pay QR Carnival’ in Kurunegala to promote the LANKAQR programme introduced by the Central Bank of Sri Lanka (CBSL) to strengthen digital transactions in Sri Lanka. The special programme, focusing on encouraging local merchants and SMEs to join the national QR transaction system, took place at the Vehera Sports Ground in Kurunegala recently. Officials from the Central bank of Sri Lanka, the Lanka QR Committee and partner banks were present at the event.

Organised as the 14th leg of the LankaQR national rollout campaign, the Seylan Pay QR Carnival set a firm footprint with the highest number of merchants at the event. Seylan Bank alone on boarded over 100 merchants for the SeylanPay payment solutions from the Kurunegala area. Over a thousand customers walked in during the event which benefitted many merchants accepting LankaQR, to process transactions on the day and generate great traction in the district since then.

As the key feature of the event, Seylan Bank educated their customers on the use of the Bank’s QR payment system, the SeylanPay Mobile App, and assisted customers in making payments to merchants. Over 50 stalls selling clothes and accessories, gift items, food, sweets, electronics and electrical equipment, plants, beauty care, cosmetic items and automobile parts were set up for the benefit of consumers, with attractive added discounts for customers using QR payment systems to purchase items, thereby encouraging and familiarizing the use of it among them. This marked a record high number of merchants participating among many LankaQR nationwide rollout campaigns that were organised to date. A Seylan Bank Mobile ATM was deployed at the premises, ensuring that customers had easy access to carry out cash withdrawals if required and check their account balances at any given time. In addition, a special fun zone was set up for children at the event premises, whilst a musical evening entertained the adults present at the Seylan Pay QR Carnival.

“Seylan Bank’s commitment to develop the banking and finance network together with the industry led to us hosting the 14th leg of the Lanka QR national rollout campaign. We also realize the potential this system brings to the SME sector in the country, in terms of transaction efficiency and savings. As a bank that has continued to support SMEs in the country in a wide spectrum, the alliance with Lanka QR helps in developing the entire transaction ecosystem of the country,” commented Chaminda Senewiratne, Head of Digital Banking Channels, Seylan Bank.

The Central Bank of Sri Lanka introduced the LANKAQR service in October 2020 with the aim of moving towards a cash-less society while increasing financial inclusion in Sri Lanka, and was supported in this endeavour by Banks, licensed financial institutions and Lanka Clear (Pvt.) Ltd. It has already stood out as an attractive option with notable benefits for small and medium enterprises.

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Stylish Garments unveils its latest export-oriented BOI factory in Ambalangoda 

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With the Board of Investment (BOI) widening its projects, Stylish Garments (Pvt) Ltd, unveiled its sixth BOI approved factory in Ambalangoda which manufactures children’s wear, jerseys including school uniforms exclusively targeting the international market. The Stylish Garments is a renowned a garment manufacturer and exporter of jersey knit and lighter woven apparel products.

The latest project, which is a USD 3.5 million investment, is to generate 500 employment opportunities for people living in the south and other parts of the country. Moreover, the products are slated to be exported to the UK and Europe. The agreement in this regard was signed recently at the BOI Head Office in the presence of BOI Director General Renuka M Weerakone.

The Director General said “A project of this nature should be recognized owing to the fact that it depicts the vibrant and vivid expansion of BOI projects, which has now started to reach the rural areas, The new venture will uplift the livelihood of the people living in the Ambalangoda area plus become a crucial source of bringing dollars to the country in a situation where the country isin dire need of dollars,” she underscored.

Founder and incumbent Chairman of the Stylish Garments (Pvt) Ltd Leelaratne Hattanarachchi said,” we were determined to launch the project irrespective of current challenges because such new projects would bring dollars to the country. That’s the very reason why I ventured to start operations at this new factory by turning the advantage of this crisis to ourselves. At the same time, we do appreciate the support rendered by the BOI at this critical juncture and look forward their support in future too.”

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Browns Investments solar power plant deal dominates CSE trading

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By Hiran H. Senewiratne

CSE’s leading listed company, Browns Investments, disposed of 50.1 per cent of its stake in Sagasolar Power Power (Private) Limited to another leading company, Aitken Spence Pvt. Ltd. yesterday, market sources said.

The total value of the company was Rs 1.4 billion and under this deal Browns Investments sold the stake for Rs 700 million. The capacity of the solar power plant is 10 megawatts, stock market analysts said.

Sagasolar Power built the solar PV facility on 45 acres (18.2 ha) of land within a dedicated energy development area in Baruthankanda, Hambantota district, Southern province. The country’s previous largest solar plant is a 1.3-MW facility also located in Hambantota.

Amid those developments, the trading activities in the stock market turned negative due to macro and micro economic uncertainties. Accordingly, stocks slipped over 1 per cent at mid-day trade yesterday for the third consecutive day, market analysis said.

The All- Share Price Index fell by 121 points and S and P SL20 went down by 50.8 points. Turnover stood at Rs 982 million without any crossings. Top seven companies that that contributed to the turnover were, Lanka IOC Rs 274 million (3.5 million shares traded), Expolanka Holdings Rs 185 million (1.2 million shares traded), JKH Rs 77 million (626,000 shares traded), LOLC Finance Rs 59.8 million (9.9 million shares traded), Browns Investments Rs 58.9 million (8.9 million shares traded), LOLC Holdings Rs 32.6 million (89,000 shares traded) and Commercial Bank Rs 15.4 million (309,000 shares traded). During the day 51.5 million share volumes changed hands in 14000 share transactions.

Yesterday the Central Bank announced US dollar buying rate was Rs 356.04 and the selling price Rs 367.33.

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