Cumulative Group contribution reaches Rs. 111Mn Improved the lives of over 43,808 people across 19 rural communities through sustainable projects Long-lasting impact through water purification, construction of fully-equipped libraries, digital classrooms and provision of essential school supplies
Iconic Sri Lankan multinational conglomerate, the Hayleys Group continued to provide vital support towards education at its adopted rural villages under the banner of its flagship social sustainability initiative, ‘Puritas Sathdiyawara Going Beyond’ for the seventh consecutive year.
The initiative was launched as ‘Puritas Sathdiyawara’ to supply clean drinking water to rural communities impacted by Chronic Kidney Disease (CKD), by establishing Reverse Osmosis (RO) water purification plants. Today, this basic life-giving initiative has extended to far-reaching sustainable community development, through investments in education, livelihood development and the establishment of fully-equipped libraries, and internet access centers under the extension of ‘Puritas Sathdiyawara Going Beyond’.
Hayleys Chairman and Chief Executive Mohan Pandithage speaking at this occasion said, “Hayleys continues to lead in Sri Lankan Corporate sphere with a flag ship business model to live by example of sustainable business practices where the social and environmental stewardship runs in parallel to its record growth in economic performance. Corporate Social Responsibility is in our DNA.”
Puritas and Haycarb Managing Director, Rajitha Kariyawasan said, “Puritas Sathdiyawara was born from an understanding of the urgent need to provide quality drinking water for communities affected by Chronic Kidney Disease (CKD) in Sri Lanka’s dry zone. The initiative was then extended to community outreach to reduce poverty, provide opportunities for quality education and work towards reducing inequalities. In that time, we are privileged to see an increase in the overall attendance, and an increased number of students being able to sit for national examinations.”
Speaking at this occasion Head of Puritas, Sharmila Ragunathan, who has sphere headed and coordinated this project with her dedicated team for all business sectors of Hayleys Group stated, “We believe that simple measures such as removing the burden of school expenses from these families are the need of the hour, and contribute towards reducing dropouts. We are fully committed to continuing this vital work to strengthen these communities, and supporting them to overcome the severe economic hardships resulting from the pandemic.
The distribution of the school essentials, launched in 2014, has today expanded to include sponsorship and collaboration from Haycarb PLC, Hayleys Advantis Limited, Hayleys PLC, Hayleys Fabric PLC, Dipped Products PLC, Hayleys Aventura, Hayleys Agriculture Holdings, Alumex PLC, Mabroc Teas and Hayleys Fibre PLC.
This year, the campaign provides essentials to over 3,500 students across 14 schools linked to Sathdiyawara communities in North Central, North and Uva provinces.2
In 2020, the ‘Puritas Sathdiyawara Going Beyond’ initiative facilitated online education for over 12 schools in partnership with DP Education, the free digital education platform dedicated to transforming teaching and learning excellence. These efforts ensured education continued uninterrupted during the lockdown period.
Sri Lanka’s economic confidence index plummets
‘No one has rated Sri Lanka’s economic condition as excellent. 1.8 % rated it as good and 1.3 % rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022, a wide ranging Verite Research public opinion survey reveals.
Key findings of the survey:
Government approval rating drops from 10% to 3%
The second round of the Gallup Style “Mood of the Nation” poll was conducted in June by Verité Research. It assessed the approval, satisfaction, and confidence of the nation in relation to the government, the country, and the economy.
The poll was conducted as a part of the syndicated survey instrument by Verité Research. This instrument also provides other organisations the opportunity to survey the sentiments of Sri Lanka.
1. Government approval rating | 3% | To the question, “Do you approve or disapprove of the way the current government is working?” only 3% said they approve. In January 2022 this rating was at 10%.
2. Sri Lanka satisfaction | 2% | To the question, “In general, are you satisfied or dissatisfied with the way things are going in Sri Lanka?” only 2% said they were satisfied. This rating was at 6% in January 2022.
3. Economic confidence | negative (-) 96 | Multiple choice questions on the condition and trajectory of the economy are used to generate an economic confidence score. The score can range from negative (-) 100 to positive (+) 100. A score above zero means more people see the economic conditions positively rather than negatively. If everyone thinks the economy is in either excellent or good condition, and everyone also thinks it is getting better, the score will be (+) 10. If everyone thinks that the economy is in a poor condition, and everyone also thinks it is getting worse, the score will be a (-) 100. No one rated the economic condition as excellent. 1.8% rated it as good; and 1.3% rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022.
Implementation of “Mood of
The poll is based on an island wide nationally representative sample of responses from 1,052 Sri Lankan adults, conducted in June 2022. The sample and methodology was designed to ensure a maximum error margin of under 3% at a 95% confidence interval. The polling partner was Vanguard Survey (Pvt) Ltd.
Decline in share market in the wake of rate hike reports
By Hiran H.Senewiratne
CSE trading activities began on a positive note yesterday but during the latter part of the day the market experienced a dip on account of the overall supply chain economy being subjected to a contraction, stemming from the fuel crisis. Consequently, CSE activities were relatively low keyed, market analysts said.
“We are reverting to the negative. There is uncertainty on all fronts, from the political to the economic. Therefore, we are expecting a rate hike on Thursday. This is creating a bit of a cloud and we may see this continuing further, a top market analyst said.
Even if top level decision- making is happening in Sri Lanka the impact is not felt at the grassroots level. This has resulted in unrest in the country, the analyst said.
Amid those developments, both indices moved downwards. The All- Share Price Index went down by 97.9 points and S and P SL20 declined by 34.3 points. Turnover stood at Rs 1.3 billion with one crossing. The crossing was reported in JKH, which crossed 600,000 shares to the tune of Rs 73.2 million, its shares traded at Rs 122.
In the retail market, the top seven companies that mainly contributed to the turnover were; Lanka IOC Rs 611 million (7.3 million shares traded), Expolanka Holdings Rs 173.9 million (one million shares traded). LOLC Holdings Rs 47.4 million (120,000 sha4es traded), Hayleys PLC Rs 46.5 million (697.000 shares traded), Browns Investments Rs 46.3 million (6.4 million shares traded), JKH Rs 21 million (173,000 shares traded) and Softlogic Holdings Rs 20.5 million (794,000 shares traded). During the day 109 million share volumes changed hands in 15000 transactions.
The International Monetary Fund said last Thursday its talks with crisis-hit Sri Lanka had been “constructive”, thereby raising hopes it would soon grant preliminary approval for a desperately needed financial support package, observers said.
Meanwhile, the Colombo Consumer Price index rose 54.6 per cent year-on-year in June against a 39.1 per cent rise in May, according to the Statistics Department.
Yesterday the US dollar rate was Rs 360.73, which is now being controlled due to the prudent fiscal and monetary policies of the Central Bank.
Dialog Club vision members receive access to an exclusive screening of ‘Jurassic World Dominion’
In a bold and breath-taking new global adventure, the epic conclusion to the Jurassic film franchise ‘Jurassic World Dominion’ hit theatres across the world on June 10. Just a day after its global premiere, Dialog Club Vision Red members and their loved ones received special access to an exclusive screening of the film at the Kandy City Centre Multiplex on June 11.
The explosive end to the Jurassic era sees two generations of the film’s franchise unite for the first time with Hollywood’s Chris Pratt and Bryce Dallas Howard joined by Oscar winner Laura Dern, Jeff Goldblum and Sam Neill. Dialog Club Vision members were some of the first to witness the utopian world where Dinosaurs and humans co-exist.
With the best interests of its members and their loved ones at heart, Dialog Club Vision continues to deliver a world of exclusivity and privileges such as personalized care, exclusive discounts and offers, lifestyle and entertainment events and more. To explore more exciting offers available for Dialog Club Vision members, and to learn more about Sri Lanka’s premier loyalty programme, customers can visit the MyDialog App or visit dialog.lk/club-vision
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