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Raymond Paranavitharne: ‘A lovely human’

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It was on October 20 that I received the sad news from Romesh that his dad Mr. Raymond Paranavitharne had passed away in Melbourne that morning after a brief illness.I was to say the least, very saddened at hearing this news. It took me sometime to comprehend what he told me. That I will not see Raymond Paranavitharne again.

This sad news brought back to me, a flood of pleasant memories of the man I knew and admired. Gentlemen of the calibre of Mr. Paranavitharne are fast diminishing in the present day world.I first came to know Mr. Paranavitharne in 1985 when we went on army training to Minneriya at the height of the LTTE war as a part of what became known as the Sri Lanka Rifle Corp.(SLRC) SLRC comprised of planters and senior regional administrators of the Janatha Estates Development Board (JEDB) and Sri Lanka State Plantations Corporation (SLSPC). Mr Paranavitharne was at that time regional chairman of the SLSPC Nuwaraeliya region, which comprised of several well-known estates and had been a senior planter himself, before being elevated as a senior administrator. 

We were the first batch of planters and administrators who were sent for this training which was the brainchild of the late General Ranjan Wijeratne to somewhat protect the estate regions. This batch of around 30 of us, ranged from those who were in their early 30’s like me to those in their 50’s like Mr. Paranavitharne. He was probably around 50 years of age like some of the other regional chairmen and directors. The group comprised of at least 5 senior chairmen, several regional directors and few estate superintendents (managers). Army training was tough and gruelling to say the least. Rank and position in the plantation world did not matter to them and all were treated equally. It was here that I first experienced the amazing characteristics of Mr. Paranavitharne.

When some of us were complaining and being remorseful of the army training, he took it in his stride, never complained, and did what was expected of him in the right spirit. The hallmark of a true leader.  I admired Mr. Paranavitharne’s spirit and his courage. It was much later that I realised that his strong character was due to the Godly spirit that he carried which I experienced more in later years.During our training period, some of us younger members enjoyed pulling pranks on a few seniors in the camp occasionally and they were not always amused. Mr. Paranavitharne stood up for us and sometimes joined in the fun too. It was during this period that I realised the respect that many had for this mild-mannered gentleman who up to that time I only knew as a senior regional chairman. From then on, I had the privilege of getting to know him and kept in touch, despite our vast difference in status. I was just a young estate manager and he a senior regional chairman and administrator.Thereafter he was elevated to the no 2 position at the SLSPC Central Board in Colombo. A very prestigious and important role at that time in the late 1980’s. 

I also got to know that he tried to recommend me to a senior administrator’s position at the head office during this period, which of course did not materialize despite his efforts. However, we kept in close touch, and exchanged many ideas and views about introducing new thinking to the plantation industry during this period. Unfortunately, due to an unfair decision as a result of Mr. Paranavitharne standing firm to his principles, he resigned from this position at the SLSPC around 1989 with courage and dignity. He then took up a very interesting role in a BOI venture until he migrated to Australia.His life is a great example to me. Several are the lessons I learnt from him. One was never to let success hit your head. Another was never to complain but to have the inner strength to cope with any situation. For this characteristic, I realised you needed to have that connection with your creator, which I know he had in full measure.

The other great quality I saw in him was how he accepted the high’s and the lows in life, all in the same kind of spirt.  These are qualities that education or money could never buy, however much we strive. This is definitely the grace of God on Mr. Paranavitharne’s life. He was a man who was not only highly respected but well-loved too. Wherever he worked, he always walked with his head held high, and earned the respect and confidence not only of his superiors, but also his peers and subordinates. While he held many prestigious positions, he held each position with pride and dignity. 

My wife and I have been blessed to keep in touch with him and his precious wife Dharshini even after they migrated. He always never failed to give us a call when he came to Sri Lanka and we would catch up on old times. We also had the privilege of being invited to their home in Melbourne in April 2019. Something that I cannot still get over is how he got up from his chair and made the cup of tea for my wife Lorinda and my sister in law, much to our embarrassment. That was the man I knew and will always respect. I last spoke to him over the phone around 3 months ago and had a long conversation and he reminded me once again that we must visit his home on our next visit to Melbourne. This was not to be, and it saddens me that we won’t be seeing this wonderful gentleman anymore.

We feel extremely blessed to have known him, as he was a great inspiration to us. Whenever we met him, he always made us feel so wanted. He had this amazing quality of recognizing and admiring others’ achievements, which is a characteristic of a great leader. His pride and joy, apart from his dear wife Dharshini who has stood tall and strong beside him all these long years, are his three precious children, Manique, Romesh and Samantha.However, in the recent past I found that his pride and joy had embraced his grandchildren too. I recall him telling us how he tries to find ways to entertain and amuse them. It is sad that his grandchildren may not know too much of who and what their Grandpa was. However,

I have no doubt that by now they would have seen and experienced his qualities of humility, patience and love. I cannot call him my friend as that’s not what he was to me. He was more than a friend. A lovely human being and a gentleman to the end. We will truly miss him. In conclusion I know for sure that his life truly reflects the words of the psalmist in psalm 37:23 which says, “The steps of a good man are ordered and established by the Lord and he delights in his ways.” That was his life’s journey.May his soul Rest in Peace in the arms of his creator whom he loved.

– Rohan Fernando

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realme dares to leap into Sri Lankan youth market with cutting edge devices

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realme, the world’s fastest-growing smartphone brand, launched its products in Sri Lanka on the November 23. The virtual launch event took place with the participation of Chanux bro and realme Sri Lanka team where benchmark, trendsetting realme products were introduced to the Sri Lankan market.

The launch expands the reach of the fastest smartphone brand to reach 50 million product sales worldwide, to a brand new market with young users looking for the very best in technology and smart devices. Ranked among the Top 5 brands in over 13 markets globally in just two years of operation, realme is ranked seventh globally. Proclaiming it will ‘dare to leap’, realme identifies with young people who are willing to take a risk, and has launched four cutting edge products to the Sri Lanka market, set to exceed expectations.

realme 7 – sharper captures and cooler gaming with faster charges

realme 7 grabs the imagination of the youth with a 64MP Quad Camera with Sony IMX682 sensor for sharper captures, the World’s First MediaTek Helio G95 Gaming Processor for cool gaming and a 30W Dart Charge, taking just 26 mins to get 5000mAh battery 50% Charged. The sleek smartphone comes with a 6.5-inch 90Hz Ultra Smooth Display with a 16MP In-display Selfie Camera and Starry Mode.

The first smartphone to have passed TÜV Rheinland Smartphone Reliability, realme 7 is the first in segment smartphone with the Sony 64MP Quad Camera.

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President to inaugurate CCC Sri Lanka Economic Summit

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Sri Lanka’s foremost economic summit will be inaugurated by Chief Guest Gotabaya Rajapaksa, President of the Democratic Socialist Republic of Sri Lanka on December 1. The summit is themed “Roadmap for Take-off: Driving a People Centric Economic Revival”. The President will also deliver the inaugural address.

Mahinda Rajapaksa, Prime Minister of the Democratic Socialist Republic of Sri Lanka, will launch the second phase of the summit on December 2 and participate in the VVIP session focused on “Empowering Take-off: Efficient Government and Progressive State Enterprises.”

The Inaugural session on December 1, commencing at 8.30am will feature addresses by keynote speaker Nirmala Sitharaman, Minister of Finance and Corporate Affairs of the Republic of India and Guest of Honour Ajith Nivard Cabraal, State Minister of Money and Capital Markets and State Enterprise Reforms. Dr. Hans Wijayasuriya – chairman of the Ceylon Chamber of Commerce will deliver the welcome address.

The flagship summit will be held on a virtual format in compliance with health guidelines and will bring together key policymakers, business leaders as well as the input of top international thought leaders will come together to identify the steps in developing the pathway towards the accelerated and people centric revival of the country’s economy.

Participants may register for the entire two-day virtual summit, or pick the sessions of their choice, an opportunity offered for the first time. Registrations for the event are now open. For further information, please contact Niroshini on niroshini@chamber.lk or 0115588852; or Alikie on alikie@chamber.lk or 0115588805. (CCC)

 

 

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Central Bank’s policy rates decision to be driven by two options

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by Sanath Nanayakkare

The Central Bank will be reviewing its monetary policy stance on November 26. In this context, First Capital Research has put forward strong arguments both for and against an interest rate cut, in its Pre-Policy Analysis.

Making their argument against further relaxation in monetary policy First Capital said, “As a response to the measures taken by the government, private sector credit has improved to Rs. 87.4Bn in September while market liquidity reached Rs. 140 bn by 13th Nov indicating that there is surplus liquidity in the system. Moreover, the unemployment rate, which was at 5.7% in the 1Q2020 has declined to 5.4% in the second quarter. These indicators suggest that economic activity has remained steady without much deterioration in the 2Q. Except the GDP growth numbers, where the 2Q2020 figures are yet to be seen, other indicators are signifying a recovery, inquiring the need of further policy easing at the upcoming review”.

“In response to previous monetary easing measures implemented by CBSL, to bring down costs of borrowing of businesses and households, both market deposit and lending rates adjusted notably so far during the year. AWPR declined to historic lows in recent weeks, while banks’ lending rates also witnessed a downward adjustment in line with CBSL’s expectations. We believe that considering the recovery in the private credit and historic low levels in AWPR, there is no vital requirement for CBSL to provide a rate cut and to further bring down the market lending rates drastically”.

Their arguments for further relaxation in monetary policy was: “A thrust for development is the need of the current government. We estimate that Sri Lanka’s GDP would see its steepest contraction in history of -5.8% in 2020 following the unexpected contraction in 1Q GDP growth of -1.6% while 2Q GDP figures are yet to be seen. However, the government’s key drive is the development oriented economic growth which was spelt out through the budget 2021 as well. Accordingly, the government plans to reach 6% and above GDP growth during the next 5 years commencing from 2021. As we believe, a development-oriented budget coupled with further low interest rate environment can support the government’s medium-term goals. Therefore, the need to accelerate the GDP growth can be considered as a major factor favouring further policy easing at the upcoming review.”

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