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“Role of the Plantation Industry to Strengthen the Sri Lankan Economy”

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The Alumni Association of the National Institute of Plantation Management (NIPM) held a webinar recently, to discuss the “Role of the Plantation Industry to Strengthen the Sri Lanka’s Economy”. The vibrant and timely webinar was organized by the Association’s recently appointed Committee, in line with their policy to share knowledge with members and stakeholders. Active participation was witnessed during the webinar, as the key speakers made their presentations and a lively Q&A session followed thereafter.

Industry experts, Dr. Dan Seevaratnam was the key note speaker and Dr. Roshan Rajadurai, served a panellist. While Senior Prof. Aruna Kumara, from the Department of Agriculture at the University of Ruhuna, joined as an external resource person. In addition to this, Mr. Asoka Siriwardena Chairman–of the National Institute of Plantation Management and Director/CEO Dr. Prasad Dharmasena, also participated in the discussion, as special invitees. The Moderator for the session was Mr. Yajith De Silva, the President of the Alumni Association of the NIPM.

Speaking during the webinar, Dr. Seevaratnam stated candidly that, “The current plantation model is not viable; we can’t live in the past and expect different results in the future”. Discussing the tea industry, Dr. Seevaratnam added, “For decades, Sri Lanka has enjoyed a reputation for Ceylon Tea, but that is eroding fast. Thus, it’s not a day too late for the industry to realize that its survival hinges on its ability to differentiate Ceylon Tea as a high-quality product. Tea factory owners should be encouraged to produce higher quality tea so that the country does not face further economic challenges.”

Going on to address some of the challenges faced by the sector, Dr. Seevaratnam highlighted the unavailability of foreign exchange and the fertilizer ban which, according to him, has caused the industry to take a huge hit economically, and in terms of morale and productivity. He also highlighted the need to create new export markets for Ceylon Tea and other produce, stating that huge amounts of potential remain untapped due to a lack of any concerted effort to take our produce to unpenetrated global markets.

Dr. Seevaratnam poignantly pointed out that, “Inflation was 17% in November and 22% in December. It will keep on increasing if policymakers and relevant authorities don’t take any meaningful action. We have agricultural workers and farmers who are exceptionally skilled at cultivating the land, but due to short-sighted policies, we don’t have fertilizer. We also don’t have agricultural chemicals, so farmers can’t help to support local food production.”



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Mahindra Ideal Finance One of Sri Lanka’s Great Places to Work

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MIFL team at the Great Place to work® Awards ceremony for Best 10 companies in the Banking, Financial Services and Insurance industry held at the Hilton Hotel, Colombo.

Mahindra Ideal Finance is not only one of Sri Lanka’s leading finance companies, but also one of Sri Lanka’s top employers of choice, attested to by the Company being certified as a Great Place to Work for 3 consecutive years, most recently in 2021.The Company has also been recognized amongst the Best 10 companies in the banking, financial services and insurance sector in 2021 by the Great Place to Work® Sri Lanka. As a result, Mahindra Ideal Finance has attracted a diverse group of individuals at the top of their game to be a part of the Company’s various teams. Having embarked on a landmark islandwide network expansion strategy, Mahindra Ideal Finance is also creating new opportunities for aspiring Sri Lankan professionals looking to build solid careers in financial services.

Duminda Weerasekara – Chief Executive Officer said, “As we are growing our presence around the country through the expansion of our branch network, we are looking for driven and passionate people to reinforce our teams. As we have been a dedicated, caring and trustworthy employer since our inception, Mahindra Ideal Finance is the ideal platform for dynamic young professionals looking to launch or grow their careers.”Great Place to Work®, headquartered in the USA, is the global authority on high-trust, high performance workplace cultures. Great Place to Work provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures.

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Daraz Cares introduces ‘Buy one Give One’ initiative – To support families in vulnerable communities

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The unfolding economic crisis in the country has presented Sri Lankans with unprecedented challenges, including scarcity of essentials, escalating living expenses and deteriorating living standards. The impacts of the crisis are graver and more ominous for those in vulnerable communities, where families struggle to make ends meet amidst mounting financial difficulties.As part of its commitment to give back to the community, Daraz Cares has come forward with a social initiative that pledges support for families in vulnerable communities. The initiative themed ‘Buy One, Give One’ will support Sri Lankan families faced with financial challenges with a pack of selected daily essentials. The selected items for the ‘Buy One, Give One’ initiative are, a 1kg pack of CIC Sudu Suduru Rice,a 500g of Orient Mysoore Dhal, a 300g pack of Maggi Coconut Milk Powder, 500g of Orient White Sugar, and 500 g packs of Sunlight Lemon and Rose Detergent Powder, which are all available for purchase via Daraz Mart.

The initiative will be implemented in a manner that, each time an individual purchase any desired quantity of one of the nominated items on the Daraz app, Daraz will donate an equal quantity of the same product to a family in vulnerable communities.Daraz invites everyone to purchase a preferred quantity of the selected items via www.daraz.lk/dmart/ and become a part of the ‘Buy One, Give One’ social initiative.

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DIMO partners with Allianz to provide innovative insurance scheme to its TATA customers

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DIMO together with Allianz recently introduced a state-of-the-art motor insurance & claim settlement scheme designed exclusively for DIMO’s TATA customers.The partnership is focused on assisting the customers to reduce costs incurred during conducting accident repairs through exemption of the owner’s payable portion for TATA vehicles within 5 years of date of manufacture. This innovative facility also offers all TATA customers of DIMO special insurance premium rates at the time of renewal of insurance. DIMO’s TATA customers will enjoy the utmost convenience and zero hassle as both DIMO and Allianz will coordinate all tasks from towing the vehicle to the nearest DIMO-TATA workshop, quick and efficient estimation & approval process, repairing of the vehicle according to exact manufacturer’s specifications, settlement of repair bills to handing over of the vehicle to the customer in original condition.

Ranjith Pandithage, Chairman & Managing Director of DIMO, said, “This partnership will further assist us in offering an enhanced service for our valued customers. As a company, DIMO has always stood for fuelling the dreams and aspirations of the communities we serve in, and it is a pleasure to be able to offer an innovative insurance scheme at a time like this, in collaboration with Allianz.

Gany Subramaniam, CEO of Allianz Insurance Lanka Ltd, said “We are extremely pleased to be partnering with DIMO to offer a customer-centric product, ensuring a vehicle is repaired and restored with minimum hassle.”

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