Business

Satynmag.com – CIMA Women Friendly Workplace Awards 2022 to commence with an interactive IWD event

Published

4 years ago

2022/03/23

The Women Friendly Workplace Awards 2022 (WFWP) jointly pioneered by www.satynmag.com and CIMA will commence its 2nd edition, with an interactive networking and learning event on 25th March 2022 at 3.30 pm at Hotel Ramada, Colombo. The event will feature Ms. Avanthi Colombage Country Manager for Sri Lanka – Visa, Ms. Sandra De Zoysa, Group Chief Customer Officer, Dialog Axiata PLC, Ms Ananya Sabharwal, Country HR Director Unilever Sri Lanka and Ms. Sarah Twigg, Programme Manager – Women In Work Sri Lanka, IFC.

There will be a fashion show by Miosis as well.

The WFWP Awards were a major success when they were held for the first-time last year with several leading organizations representing various sectors taking part.

The Satynmag.com – CIMA WFWP Awards added a new dimension of recognizing a women friendly workplace culture, while empowering greater measures and mechanisms that support women in reaching their career goals in their respective workplaces.

Commenting on the Awards, Prof. Arosha Adhikaram, Head of H.R Department, University of Colombo, Head – Panel of Judges at the awards (2021 & 2022) mentioned that the entire process of evaluating participating organizations and understanding the importance of the role played by women in the workplace revealed new insights into how best organizations could enhance the opportunities made available to women in their workplace.

“Creating an empathetic and a conducive work culture for women in the Sri Lankan workspace is not only of utmost importance but it is also timely and relevant in today’s context since over 50% of the Sri Lankan population comprises of females.” she added.

Zahara Ansary FCMA CGMA Country Manager, for CIMA in Sri Lanka says that in the post pandemic environment, women need a supportive and an accommodating workplace more than ever before. With mechanisms such as Work From Home and Flex hours deployed often, such measures call for a challenging work-life balance for women. “As mothers, wives and careerwomen, meeting workplace expectations and ensuring everything at home is taken care of, is a challenge we navigate every day. The Awards recognize organizations that go the extra mile in understanding and acknowledging these dynamics towards creating a workplace that is both nurturing and supportive for women.”

Nayomini R Weerasooriya, Founder Editor of Sri Lanka’s leading women’s magazine www.satynmag.com says that the Awards contribute towards Sri Lanka’s commitment in recognizing the role of women in the workplace. She adds that the Awards also acknowledge the SDG 05 of gender inclusion and enable companies to pay close attention to areas of concern that need addressing to ensure a safer and a thriving workplace for women.

This year too, the Awards are open to organizations committed to empowering women in the workplace. Further information is available on www.satynmag.com or e mail nayominiw@satynmag.com.

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Business

Sri Lanka secures IMF staff-level deal for USD 700 million tranche

Published

21 hours ago

2026/04/10

Thilina Walpola

Sri Lanka has reached a staff-level agreement with the International Monetary Fund to secure the next tranche of funding under its ongoing bailout programme, marking a key step in the country’s fragile economic recovery.

The agreement, announced this week, will enable Sri Lanka to access approximately USD 700 million, subject to approval by the IMF Executive Board. The funds form part of the USD 2.9 billion Extended Fund Facility (EFF) programme agreed following the 2022 economic crisis.

The latest development covers the combined fifth and sixth reviews of Sri Lanka’s reform programme, indicating that the country has made sufficient progress to move forward, while highlighting the need to sustain reform efforts.

Sri Lanka’s economy has shown signs of stabilisation in recent months, supported by improved revenue collection, easing inflation, and a gradual buildup of foreign reserves. However, the recovery remains vulnerable to both domestic and external pressures.

By Ifham Nizam

Business

Israeli attack on Lebanon triggers local stock market volatility

Published

21 hours ago

2026/04/10

Thilina Walpola

Initially CSE trading was somewhat volatile despite the ceasefire in West Asia but it experienced further volatility after Israel attacked Lebanon yesterday.

However, the IMF delegation which is now in Sri Lanka to release two tranches of its relief package created some positive sentiments for the market, analysts said.

The All Share Price Index went down by 73.06 points, while the S and P SL20 rose by 10.57 points.

Turnover stood at Rs 2.96 billion with six crossings. Those crossings were: JKH 5.5 million shares crossed to the tune of Rs 807.6 million and its shares traded at Rs 19.70, CIC Holdings two million shares crossed for Rs 54 million; its shares traded at Rs 32, Access Engineering 600,000 shares crossed for Rs 44.4 million; its shares traded at Rs 74, Central Finance 116,000 shares crossed to the tune of Rs 27.5 million ; its shares sold at Rs 237, LMF 250,000 shares crossed for Rs 22.8 million; its shares fetched Rs 91.10 and Kelani Cables 200,000 shares crossed for Rs 21 million and its shares traded at Rs 105.

In the retail market seven companies that mainly contributed to the turnover were; Dialog Rs237 million (7.5 million shares traded), LMF Rs 203 million (22 million shares traded), Colombo Dockyard Rs 199.7 million (1.1 million shares traded), HBA Foods Rs 163 million (18.5 million shares traded), JKH Rs 156 million (7.8 million shares traded), JKH Rs 156 million (7.8 million shares traded), Softlogic Holdings Rs 117 million (9.6 million shares traded) and Acme Printers Rs 107 million (15.6 million shares traded). During the day 133.3 million share volumes changed hands in 23666 transactions.

It is said that manufacturing sector counters, like JKH, performed well, while food sector counters, especially LMF and HBA Foods, performed well. Other sectors too performed somewhat well during the day.

Yesterday the rupee was quoted a Rs 315.42/48 to the US dollar in the spot market from 315.30/40 the previous day, dealers said, while bond yields were quoted higher.

By Hiran H. Senewiratne

Business

HNB Assurance marks 25 years with strategic transformation to ‘HNB Life’

Published

21 hours ago

2026/04/10

Thilina Walpola

Highlights from the new brand reveal as HNB Assurance transforms into HNB Life

Marking 25 years of trust, growth, and service excellence, HNB Assurance PLC has unveiled its new corporate identity, transitioning to HNB Life PLC a strategic evolution that reflects the company’s forward-looking vision and commitment to empowering lives with protection and the freedom to thrive, no matter where life takes them.

This milestone signifies more than a change in name or visual identity. It represents a deliberate transformation shaped by strong performance over the past few years, during which the company has achieved remarkable growth, strengthened its market position and enhanced its customer-centric capabilities.

The newly introduced logo, inspired by the form of a wing, symbolises HNB Life’s role as a proactive enabler. It reflects the organisation’s commitment to supporting individuals in navigating life’s journey with confidence, empowering them to pursue their aspirations and live life on their own terms.

The official unveiling took place at a launch event attended by key stakeholders, strategic business partners, well-wishers and employees.

Addressing the gathering, Chairman, Stuart Chapman highlighted the significance of this transformation, stating, “As we mark 25 years of progress, the transition to HNB Life reflects our strategic intent to evolve with the changing needs of our customers and the broader market. This new identity embodies our purpose, to enable and empower individuals to achieve what they truly aspire to in life, with confidence and security. As a company we are extremely excited on what the future holds for as, as we build on an incredible foundation laid over the past two and a half decades.”

The new Vision of the Company is “To be the leader in empowering lives with protection and freedom to thrive, no matter where life takes them”.