SLT-MOBITEL and Epic Technology Group recently announced the launch of the “Helaviru: Agro-Produce and Commodities Trading Exchange”, a cloud-based digital marketplace that facilitates seamless trading and exchange of agro-produce and commodities among diverse stakeholders in Sri Lanka. ‘Helaviru’ will enable farmers and growers to sell their produce in a timely manner at a reasonable price through the use of digital technology, without the hassles involved in the physical marketplace.
The ‘Helaviru’ digital platform is conceptualized, designed and developed by Epic Technology Group and powered by SLT-MOBITEL’s cloud-based infrastructure, hosted in SLT’s state of the art data center and will be operationalized as a joint commercial initiative of both companies.
LAUGFS Supermarkets (Pvt) Ltd and Softlogic Holdings PLC have come on board as strategic partners of the ‘Helaviru’ initiative.. As strategic partners, the companies will give their support and assistance in promoting ‘Helaviru’ and popularizing it among agriculture stakeholders in Sri Lanka and will encourage diverse stakeholders to actively use the platform for mutual benefit.
Lalith Seneviratne, Group Chief Executive Officer of Sri Lanka Telecom expressed his support for the initiative. “Since time immemorial, agriculture has been the identity of the Sri Lankan people and the backbone of our economy. His Excellency President Gotabaya Rajapaksa envisions Sri Lanka’s return to a productive economy, and SLT-MOBITEL is proud to enable the digitised Sri Lankan Agri Value Chain by powering the Digital Agro-Produce and Commodities Trading Exchange at Helaviru.lk.”
“As the national ICT services provider, SLT-MOBITEL is honoured to partner this venture, hosting the platform and supporting the farming community with communication solutions and information support, enabling them to access and utilise the digital marketplace. We look forward to supporting Sri Lanka once again become the ‘Granary of the East’.”, Seneviratne added.
Hemas Hospitals launches ‘Deewara Diri Savi’ to support fishing community
The donation programme was coordinated with the support of the Rev. Fr. Ajith Kamal, Parish Priest of Our Lady of Mt. Carmel Church in Palliyawatta, who spearheaded the coordination on behalf of the fishing community in the Palliyawatta, Dikowita and Awarakotuwa areas.
Hemas Hospitals launches the ‘Deewara Diri Savi’ mega donation drive to support and empower the fishing community along the Western Coast of the country, whose livelihoods were gravely impacted by the marine destruction caused by the X-Press Pearl ship disaster.
Under ‘Deewara Diri Savi’, Hemas Hospitals will oversee the donation of complete dry ration packs to 818 families in the Wattala fishing community, who have now lost their sole source of income for survival and is undergoing extreme distress due to the implications caused by COVID-19 pandemic together with the fishing ban imposed due to the X-Press Pearl disaster. Further, Hemas Hospitals Wattala is also offering free OPD consultation services to these families to ensure that their wellbeing and access to healthcare is secure and continued during this period.
“Our mission, values and corporate culture guide our actions as we strive hard to deliver on the promise of making healthful living happen to communities across the nation. ‘Deewara Diri Savi’ was founded upon this ethos as we care for, uplift and empower Sri Lanka’s fishing community struggling to make ends meet due to the mass implications and destruction caused to our marine resources with the X-Press Pearl disaster. As a responsible healthcare leader, we will continue to invest our resources and take swift action in supporting this community who add so much to our economy as they transition through this deeply difficult, critical time,” Hemas Hospitals and Laboratories Managing Director and President, Association of Private Hospitals and Nursing Homes Dr. Lakith Peiris stated.
Looming challenges contribute to subdued trading activity at CSE
By Hiran H.Senewiratne
Share trading activity at the Colombo Stock Exchange (CSE) was negative yesterday as investors were in a state of uncertainty due to the glaring economic woes of the country. The recent fuel price hike, the worries over possible deprivation of the European Union’s GSP Plus trade facility as well as declining foreign exchange reserves put the local and foreign investors in an indecisive mood, stock market analysts said.
The fuel price hike is likely to increase inflationary pressure especially in the manufacturing sector. This would adversely reflect on manufacturing sector counters in the stock market. Further the sovereign bond repayment amounting to US $ one billion in July 2021 with existing reserves just above US $ four billion could worsen the economic crisis to a great extent, stock market analysts said.
Reportedly the Central Bank has informed the Ministry of Finance that due to the Rs 600 billion in loans to the Petroleum Corporation there is risk to the entire banking system being destabilized and collapsing, In such a context, the banking sector counters did not perform positively yesterday, stock market analysts said. The CPC itself has about Rs 390 billion in accumulated losses.
Amid those developments both indices moved downwards. All Share Price Index was down by 28.02 points and S&P SL20 down by 11.43 points.Turnover stood at Rs 1.36 billion with a single crossing. The crossing took place in People’s Leasing, which crossed two million shares to the tune of Rs 26 million and its share price traded at Rs 13.
In the retail market top five companies that mainly contributed to the turnover were LOLC Rs 156.8 million (406,000 shares traded), Royal Ceramic Rs 105 million Rs 105 million (2.78 million shares traded), Lanka IOC Rs 104.1 million (4.56 million shares traded), Hayleys Rs 76.1 million (one million shares traded) and Hayleys Fabrics Rs 51.6 million (2.85 million shares traded).
With the fuel price hike, Lanka IOC share price positively reflected in the stock market. Its share appreciated by 12 percent or Rs 2.40. Lanka-IOC share price started trading at Rs 20.60 and at the end of the day it moved up to Rs 23. During the 68.98 million share volumes changed hands in 18263 transactions.
Standard Chartered helps fast-track COVID-19 vaccination efforts in Sri Lanka
Standard Chartered Sri Lanka has successfully financed the import of 4 million COVID-19 vaccine doses for the State Pharmaceuticals Corporation by facilitating a trade loan to the Bank of Ceylon and People’s Bank, the Bank announced recently.
In efforts to expedite the nation’s vaccination programme during the latest wave of the COVID-19 pandemic, Standard Chartered worked closely with the two leading state-owned banks to facilitate prompt and efficient trade financing solutions to help accelerate the invoice processing and payments to purchase the vaccines.
“Across the globe, Standard Chartered has been in the forefront to help local communities to fight the coronavirus pandemic so that the world can look forward to a better tomorrow. When the first wave hit Sri Lanka last year, Standard Chartered made a much-needed donation of USD500,000 to the Sri Lanka Red Cross Society to support emergency relief activities island-wide. This trade loan is a continuation of the Bank’s efforts to help the citizens of Sri Lanka overcome the pandemic and is a testament of Standard Chartered’s ‘here for good’ promise,” said Bingumal Thewarathanthri, Chief Executive Officer, Standard Chartered Sri Lanka.
Crisis over fuel price hike: SLPP constituents crank up pressure on party General Secretary
Basil R wouldn’t have allowed fuel price increase – MP
TNGlive relieving boredom
7-billion-rupee diamond heist; Madush splls the beans before being shot
The Burghers of Ceylon/Sri Lanka- Reminiscences and Anecdotes
Unfit, unprofessional, fat Sri Lankans
news7 days ago
Covid time bonanza: Luxury SUVs for MPs coming, after all!
Features6 days ago
‘Fertilizer Saga’ in Sri Lanka: A Considered Opinion
Sports6 days ago
Bhanuka Rajapaksa outburst and possible repercussions
Features6 days ago
Big scene for Sri Lankan in the States
Midweek Review7 days ago
Mandarin and Tamil – A historical perspective
news6 days ago
X-Press Pearl fire: SC moved against local agent Sea Consortium Lanka and 12 others
Business7 days ago
Mahindra Ideal Lanka automobile assembly plant receives ISO certification
Midweek Review7 days ago
How public sector corruption withers national economy: RJ’s insight