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Singer continues to focus on the preservation of Ozone Layer

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The ozone layer acts as a shield for life on earth, absorbing most of the sun’s ultra violet radiation to protect the human beings from harmful rays. The ozone layer, being an essential aspect for human existence has been a much talked of topic during the recent past while many initiatives have been taken to protect it for future generations. The United Nations General Assembly in 1994 declared 16th September as the International Day for the preservation of ozone layer acceding to the Montreal protocol of 1987 and the Vienna convention for the protection of ozone layer.

Rifa Wadood, Director – Air Resource Management at National Ozone Unit, Ministry of Mahaweli Development and Environment said, ‘’Being an Article 5 country of the Montreal Protocol for substances that deplete the ozone layer, Sri Lanka has successfully phased out chlorofluorocarbons (CFCs) and is committed to phasing out hydrochlorofluorocarbons (HCFCs) and phasedown hydrofluorocarbons (HFCs) as refrigerants. As a country, we are highly vulnerable to climate change, a global environmental externality. Considering the global warming impact of ozone layer depletion and the use of HFCs, I urge all the stakeholders including corporates to be responsible for their consumption and production, and choose appropriate alternatives that are less harmful to the environment.

The theme of World Ozone Day 2021 is ‘Montreal Protocol: Keeping Us, Our Food and Vaccines Cool’. On this day, let us celebrate our success of working together for humanity. Let us think globally and act locally!’’

SINGER, the country’s premier consumer durables retailer who is renowned for its eco-friendly product line up stepped forward to address this pressing issue with the launch of its trademark R600a refrigerant back in 2012. This innovation saw SINGER becoming the first company in Sri Lanka to adopt R600a technology in the refrigerant manufacturing process, in fact the first to do so in South Asia. Our efforts in early conversion of all our refrigerators to CFC free gases compelled the entire industry to follow-suit making total Sri Lankan Refrigerator Market almost zero ozone impact refrigerators. Since the introduction, SINGER’s R600a refrigerant has a success story of selling more than 1.25 million units, which accounts for a total energy saving of 1.3 Billion kWh. The introduction of R600a refrigerant goes down as one of the significant contributions to the ozone layer protection from a Sri Lankan company. Having identified the potential benefits of R600a gas over CFC gas, SINGER continued to expand its R600a refrigerant range.

SINGER owns a state-of-the-art refrigerator manufacturing facility, REGNIS (Lanka) PLC which utilizes cutting edge technology to manufacture high quality R600a refrigerants. SINGER’s R600a refrigerants are highly renowned for low energy consumption and save a considerable amount of money spent on electricity bill. Most importantly, R600a refrigerants are eco-friendly, making them the ideal solution for environment protection.

Sharing a timely message for the International Ozone Layer preservation Day, Shanil Perera, Director – Marketing, SINGER (Sri Lanka) PLC said, ‘’As we celebrate the World Ozone day, it is high time that we focus our attention to environment protection at all costs. We are witnessing an influx of natural disasters, environment pollution and threat to the ozone layer. It takes a collective effort from all of us to address these concerns. I take pride in saying that 100% of refrigerators marketed by SINGER are with eco-friendly Non-Ozone Impact gases. SINGER, being an environmentally conscious company is taking all possible measures to contribute to the overall environment preservation.”

SINGER in its continuous efforts towards green concepts, is trying to create awareness about the persistent threat of ozone layer depletion and encourage people to act responsibly and help save the planet. SINGER invites the public to think wisely and choose eco-friendly products, which are both beneficial for the environment as well as for the end consumer.



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Ceylinco Life crowned ‘Best Life Insurer in Sri Lanka’ by World Finance for 11th year

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Ceylinco Life has been declared the ‘Best Life Insurance Company in Sri Lanka’ in 2024 by World Finance, an accolade that company has won for the 11th consecutive year.

The only life insurance company in Sri Lanka to consistently win this prestigious award, Ceylinco Life is in the company of other 2024 country winners of the calibre of MassMutual (USA), Canada Life (Canada), TAL (Australia), Swiss Life (Switzerland), CNP Assurances (France), China Life Insurance Group (China), Nippon Life Insurance (Japan), Max Life Insurance (India), and National Life Insurance (Bangladesh).

Commenting on its Insurance Awards, World Finance noted that navigating the complex changes across the globe to balance risk and affordability is a key issue for the winners of the World Finance Insurance awards. “This year, we recognise the trailblazers driving the insurance industry forward, showcasing the dedication and creativity that define the profession,” the magazine said.

The World Finance award recognises Ceylinco Life as an organisation that is committed to continuously improving its overall processes, efficiency and relationships to serve customers better.

Winners are chosen after a stringent assessment of multiple aspects of operational performance including underwriting processes and process efficiency; policy maintenance – the process of reviewing clients’ policies, appropriateness of coverage and cost per policy; exposure to risk; customer retention rate; time taken to settle claims; new customer acquisition rate and financial stability – Premium Income, Market share, Life Fund and company profits.

The World Finance Awards judging panel represents the expertise of over 230 years of financial and business journalism, supported by a research team that works round the clock to ensure the award winners are the most deserving in their sector. Additionally, reader insight and experience are relied upon to provide nominations. The judging panel is required to avoid bias towards criteria such as depth of practice and size of the company, in order to get an insight into different geographies and niche areas.

World Finance is a print and online magazine providing comprehensive coverage and analysis of the financial industry, international business and the global economy. The magazine targets an audience of finance professionals and corporate and private investors, but its lucid voice makes it intelligible and essential reading for anybody who wants to understand the machinations of finance in the 21st century. Established in 2007, World Finance’s awards programmes are tailored to provide a comprehensive analysis of the very best in each market.

Adjudged Sri Lanka’s Brand of the Year in 2022 and 2023, Ceylinco Life was also named one of the 10 Most Admired Companies in Sri Lanka in 2023 by the International Chamber of Commerce Sri Lanka (ICCSL) and the Chartered Institute of Management Accountants (CIMA) and was ranked the ‘Most Valuable Insurance Brand in Sri Lanka’ across both life and general insurance categories in 2023 by Brand Finance.

Ceylinco Life has been the country’s leading life insurer for 20 of the 37 years it has been in existence and provides innovative life insurance solutions which offer protection while de-risking the goals and ambitions of the Company’s policyholders.

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Araliya Packing Lanka unveils upgraded laboratory facility to enhance packaging quality

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A laboratory assistant explains to Chairman of the Araliya Group P G W Sirisena and the top management, how the tensile properties of fabric material used for packaging is tested

Text and pictures by PRIYAN DE SILVA

Araliya Packing Lanka (Pvt) Limited, a subsidiary of the Araliya Group of Companies, recently commissioned its upgraded laboratory facility at its factory in Polonnaruwa. The state-of-the-art facility marks a significant milestone in the company’s commitment to delivering high-quality, eco-friendly packaging solutions.

Established in 2021, Araliya Packing was initially created to provide affordable and comprehensive packaging solutions for the group’s flagship product, Araliya Rice. Staying true to its vision of “delivering eco-friendly packaging technology developed with a unique Sri Lankan identity to the world,” the company has since expanded its services to cater to other market leaders in the industry.

The newly upgraded laboratory is equipped with the latest testing equipment, ensuring the superior quality of its packaging solutions, which include a range of innovative non-woven bags. This investment underscores Araliya Packing’s dedication to maintaining high standards and meeting the evolving demands of its clients.

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ComBank partners with UNICEF to improve preschool education in Sri Lanka

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Commercial Bank Managing Director/CEO Sanath Manatunge exchanges the agreement with UNICEF Country Representative Christian Skoog in the presence of the Bank’s Deputy General Manager Corporate Banking Hasrath Munasinghe, UNICEF Resource Mobilisation Officer Farzana Khan, the Bank’s Chief Manager Sustainability, Women’s Banking & CSR Kamalini Ellawala and the Assistant Manager of the Sustainability, Women’s Banking & CSR Unit Gayan Wickramarathna

The Commercial Bank of Ceylon is joining hands with the United Nations Children’s Fund (UNICEF) and government partners to improve preschool education in Sri Lanka.The Bank will support the improvement of a pre-school in the Moneragala District in the Uva Province, as a contribution to UNICEF’s work to support government partners to improve preschool education. The partnership will contribute to the Province’s efforts to provide safer, more equitable, quality preschool learning environments.

The programme will include updating and refurbishing the entire school and equipping it with quality furniture and teaching-learning items.

Since 2022, UNICEF with funding from its partners has supported the Provincial Offices of Uva and Central to improve the learning environments of 40 preschools in remote areas.

This private-public partnership represents a new model for bringing partners together to strengthen early childhood education and foster the development of young learners by reaching the most marginalized with quality preschool education.

Education is one of the principal focal points of Commercial Bank’s Corporate Social Responsibility (CSR) commitments. Within this, the Bank’s largest contribution is towards digital technology education in Sri Lanka. The Bank has donated 362 IT labs to schools across all 25 districts of Sri Lanka and has also supported a project to set up 176 classrooms that focus on the STEM (Science, Technology, Engineering and Maths) subjects. Additionally, the Bank was a key partner in the national Smart Schools initiative where 165 schools were equipped with digital learning facilities. The Bank’s “Sipnena” online portal contains digitized school curriculum content, complete with practical videos and presentations to facilitate easy learning for students.

Commercial Bank is the first Sri Lankan bank to be listed among the Top 1000 Banks of the World and has the highest market capitalization in the Banking Sector in the Colombo Stock Exchange (CSE). The Bank is the largest lender to Sri Lanka’s SME sector, is a leader in digital innovation and is Sri Lanka’s first 100% carbon neutral bank. Commercial Bank operates a strategically located network of branches and automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 20 outlets in Bangladesh, a Microfinance company in Myanmar, and a fully-fledged Tier I Bank with a majority stake in the Maldives. The Bank’s fully owned subsidiary CBC Finance Ltd. also delivers a wide range of financial services via its own branch network.

UNICEF promotes the rights and wellbeing of every child, in everything it does. Together with partners, UNICEF works in 190 countries and territories to translate that commitment into practical action, focusing special efforts on reaching the most vulnerable and excluded children, to the benefit of all children, everywhere. For more information about UNICEF Sri Lanka, visit www.unicef.lk.

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