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Saegis Campus offers degree programmes under the government IFSL scheme with assured industry placements

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With the view of preparing undergraduates to gain real exposure in working environments and helping them develop the necessary skills and competencies to stand out and excel in today’s highly competitive workplaces, Saegis Campus offers guaranteed industry placements across all its MOE approved degree programmes under the Interest Free Student Loan (IFSL) scheme.

Recognized as one of the leading higher education institutions situated at the heart of Colombo, Saegis Campus understands the critical importance of this aspect as evidenced by various regional and global employer surveys. It goes beyond just gaining first-hand experience in the real working world to also allow undergraduates to better understand the career trajectory for their desired job title.

Some of the workplaces where students can secure placements include SLT-Mobitel, DirectPay, PayMedia, Epic Technology Group, Royal Ceramic Lanka PLC, Prosoft, Manjari, Revo to name a few.

The benefits students receive before even graduating is immensely invaluable. It helps build professional connections and networking, develop good people skills, experience various challenges and situations, discover their strengths and weaknesses, and determine whether it is the right career path to pursue in the future. This also enables prospective employers to easily notice and see whether one could be a good fit for them.

Introduced by the Sri Lankan Government for students who have successfully completed their Advanced Level Examination between 2018 and 2020, the programmes offered under the IFSL scheme at Saegis Campus include Bachelor of Business Management (Hons) with specializations in Marketing, HRM and Accounting & Finance, Bachelor of Business Administration (BBA), BSc Honours (BSc (Hons)) in Computer Science, Software Engineering, and IT, and Bachelor of Information Technology (BIT).

One can be assured of receiving the best possible learning experience with curriculums that are emerging and contemporary, taught by its diverse and renowned lecture panel, and the state-of-the-art facilities such as complimentary Wi-Fi, modern IT lab, language lab, library, a relaxing lounge, spacious air-conditioned digital lecture halls, cafeteria, sports and recreational activities, among others.

Saegis Campus continues to strengthen providing career guidance for students, conducting many personality development activities, free English language classes, a Leo Club and a Rotaract Club, and also providing additional academic support.

Saegis Campus will guide and support students in their applications for these UGC-recognized degree programmes under the scheme. The MOE’s web portal for applications will close by 15th of February 2022, and the academic year for IFSL 6th Intake will commence during June 2022. For more information, please contact on 0770430000 or visit www.saegis.edu.lk.



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Business

Seven factors of concern at upcoming Monetary Policy Review

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by Sanath Nanayakkare

The Central Bank of Sri Lanka (CBSL) is scheduled to announce its latest monetary policy review on 20th January 2022, with all eyes on dwindling foreign reserves and foreign currency exchange in the country.

In this context, First Capital Research has named 7 factors of concern that could be taken into account at the upcoming monetary policy review. They are as follows.

* Foreign Reserves USD 3.1 billion – Dec 2021

* Inflation CCPI 12.1% – Dec 2021

* GDP Growth -1.5% – 3Q2021

* Private Credit LKR 60.5 billion – Nov 2021

* 03M T-Bill rate 8.38% as at 12.01.22

Liquidity and CBSL Holdings LKR -364.0 billion and LKR 1.42 trillion

Balance of Trade (BOT) and Balance of Payment (BOP) USD -6.5 billion and USD -3.3 billion for Jan-Oct 21

First Capital Research’s Policy Rate Forecast – Jan 2022-Apr 2022 notes that they believe the CBSL may highly consider tightening the monetary policy rates in this policy review but given the concerns over economic growth, there is a probability of 40% for CBSL to maintain its policy stance at current levels.

“With high frequent indicators improving in line with expectations, we have eliminated any probability of a rate cut. We expect a continued increase in probability for a rate hike in order to prevent overheating of the economy amidst the given fiscal and monetary stimulus,” they said.

As per First Capital’s view, CBSL either can choose to hike policy rates by 50bps or 100bps or hold policy rates steady, while a rate cut is off the table due to the high debt repayment and the high domestic borrowing requirement.

First Capital believes that there is a 60% probability for a rate hike due to the remedial actions required in achieving external stability.

However, there is also a 40% probability to maintain the policy rates at its current level in order to further improve the high frequency indicators.30%, they noted.

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Sri Lanka’s dash brand enters international markets

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Multichemi International Ltd, which manufactures and distributes a wide range of products under dash, one of Sri Lanka’s leading detergent and household care brands, has begun exporting its products to several international markets in Asia and Oceania, with plans also to enter Africa. The dash brand includes a wide range of products in car care, household care, home fragrances and laundry care sectors. Multichemi International Ltd, which has been awarded ISO 9001:2015 certification, is a Sri Lankan pioneer in environment-friendly cleaning products, having launched the country’s first biodegradable, safe cleaning products over 28 years ago.

Amila Wijesinghe, General Manager of the Company said,”Having conquered the domestic market, we are now ready to capture the international market. We are confident that our products which are of high quality will receive a good demand overseas as well. The feedback we have received so far from our overseas customers is extremely encouraging. We are dedicated to taking our products to the international market, to bring in foreign currency to the country and help uplift the economy”,

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Janaka Abeysinghe appointed SLT CEO

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Sri Lanka Telecom PLC has announced the appointment of Janaka Abeysinghe as its Chief Executive Officer (CEO) with effect from February 1, 2022.

The incumbent CEO Kiththi Perera will be overseas on leave for a period of two years to pursue higher studies, according to a stock market filing by the company.

Abeysinghe joined SLT in 1991. In his present role, he leads the enterprise and wholesale business of SLT that provides integrated voice and data solutions to enterprises, government institutions, domestic telco operators and global wholesale carriers.

In his career at SLT spanning 29 years, he has held a number of senior positions, including general manager Enterprise and International Sales and has extensive experience in the areas of Enterprise Digital Services, Enterprise Communications Solutions, Data Communications, Business Development, Domestic and International Switching Operations and Global Wholesale Voice & Data Business.

He holds a Master’s Degree in Electrical and Computer Engineering from the University of Kansas, USA and a BSc degree in Electronics and Telecommunications Engineering with a First Class Honours from the University of Moratuwa.

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