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‘Stax Academy’ enabling graduates with global business exposure

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The Stax Academy, an initiative by Stax LLC, a global strategy consulting firm that specializes in delivering actionable, data-driven insights, recently conducted its graduation ceremony for the students of its first course in Colombo. The Academy was established as a platform to upskill future business leaders to take on the challenges of the global economy. The class consisted of 30 students representing various universities across Sri Lanka who successfully completed the four-month certification program.

In his address at the graduation ceremony, Dr. Kumudu Gunasekara, Managing Director, Stax, said, “Due to the current economic condition in Sri Lanka, lots of youth are seeking foreign employment opportunities and leaving our shores. As corporates, I believe that we can support our youth by providing these opportunities within the country so that they have the same overseas experience right here at home.” He also spoke about the importance of being dreamers and not followers. And the importance of dreaming big to achieve individual goals. “Age is not a barrier to achieving your dreams. This is a critical notion to break in Sri Lanka,” he added.

Adding his thoughts, Ruwindhu Peiris, Managing Director, Stax, said, “It is important that our new talent enter the workforce, ‘corporate prepared’ and ‘global ready’. The Stax Academy introduces young talent to modern skill sets demanded by the evolving corporate world. It nurtures and cultivates essential competencies to develop and transform them to be Sri Lanka’s future corporate leaders.”

Kethaka Weerasuriya, a graduate of Edith Cowan University (ECU) Sri Lanka noted that being able to embrace challenges makes you a competitive job candidate in any field. “Teamwork put us outside our comfort zone, and we realized that surrounding ourselves with the best people can help us achieve great things in life.” A student from the National School of Business Management (NSBM), Kavinda Hasaranga who joined the certification program spoke about how they learned many things that they didn’t know about the corporate world and how much they loved the work culture at Stax.

“Through data analytics we learned advanced Excel, and about web creating tools, social media analytics, work cloud, and so on. Even though data analytics was for our skill development, I have been using them for budgeting my personal expenses.” stated Omar Zaneefer, a graduate from the Royal Institute of Colombo (RIC).

A panel discussion was also held in parallel to the graduation ceremony and the panelists included Stax Managing Directors, Dr. Kumudu Gunasekara and Mr. Ruwindhu Peiris; Edith Cowan University (ECU) Sri Lanka Program Convenor/Lecturer, Dr. Anushka Siriwardana; RIC Chief Coordinator, Corporate, Alumni and Student Engagement, Ms. Sharmain Abeykoon; and NSBM Lecturer, Ms. Vageesha Rajapaksa.

The Stax Academy program offers a combination of micro-learnings across specific functional and professional skill pillars needed to establish a successful career in Management Consulting as well as in general industries. The program focuses on delivering practical learning experiences through exposing candidates to different types of workstreams and projects to uncover their strengths and explore their aspirations. The course is centered on the principles of Ikigai with the objective of enabling candidates to explore workstreams that are value-focused, fulfilling, and purposeful.

About Stax

Stax is a global M&A strategy consulting firm headquartered in Boston, USA with offices around the US, Asia, and London. Established 17 years ago, today the Asia office, based in Colombo, Sri Lanka supports its global Private Equity clients. Over the years, Stax has been advising 15 of the Top 20 global Private Equity investors and 25+ Fortune 500 companies. Since its inception, Stax has delivered over 2,500+ client engagements, across diverse industries covering 40+ international markets―Stax LLC inspires organizations to dream big, think outside the box, and complement gut-based decisions with fact-based research. Visit www.stax.com to find out more.



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Farmchemie becomes the first Sri Lankan owned company to receive FAMI-QS certification

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Farmchemie has obtained FAMI-QS certification being the first Sri Lankan owned company certified with FAMI-QS. FAMI-QS stands for Feed Additive and pre-MIxture Quality System, which compromises the safety of animal feed and the quality of processed goods in accordance with European regulation no. 183/2005 on animal feed. Farmchemie is a BOI approved leading manufacturer and exporter of animal feed additives and nutritional supplements in Asia. Farmchemie is equipped with a state-of-the-art manufacturing facility from Bühler, Switzerland to offer quality assured manufacturing services for world-renowned European brands as well as own brands under Farmstar. Farmchemie has already established their presence in numerous international markets such as India, Bangladesh, Nepal, Kuwait, Lebanon, UAE, Egypt, Thailand, Vietnam, Malaysia, Mongolia, Cambodia and Uganda. FAMI-QS will enable them to expand their markets including the European and USA.

“We are honoured to announce that Farmchemie becomes the first Sri Lankan-owned company to be certified with FAMI-QS in combination with ISO 9001: 2015 and Good Manufacturing Practices certification for animal feeding. By attaining FAMI-QS, we are able to anticipate the expectations of our clients for safe, high-quality goods by lowering the related risk and enhancing the quality of onsite feeds via a supply chain that is properly guaranteed. For that Farmchemie implements measures for Feed Fraud and Feed Defense according to FAMI-QS supply chain integrity module V2. We would like to express our heartfelt appreciation to our customers and suppliers for their continued support and dedication. We look forward to elevating the firm to new heights in the coming months and years, as our aims will always be centered on quality assurance and innovative manufacturing.” Managing Director Uditha Wanigasinghe stated.

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Exports Gold Award for Textrip

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Textrip Pvt Ltd, the export arm of the Elasto Group, was recently recognized, as the gold award winner for rubber and rubber-based products, medium scale category at the NCE Export Awards ceremony held recently in Colombo. The Chairman and Managing Director of Elasto Group, Mangala Gunasekera accepted the award at the gala event held at Shangri La Hotel. The national export awards ceremony, organized by the National Chamber of Exporters (NCE), recognizes and rewards Sri Lankan exporters on their performance in the international market.

“We always strive to manufacture high-quality rubber-based goods, using the latest technology, adhering to the highest international standards, and showcasing Sri Lanka on the global stage. I would like to thank our clients, locally and internationally for their continuous trust and my staff for their hard work and dedication. They are the pillars of our success,” Managing Director of Elasto Group, Mangala Gunasekera stated. Textrip products have obtained a number of national and international quality standards such as ISO 9001:2015, ISO 14001:2015, CET, REACH and their products are designed to adhere to the ‘Wellness Wisdom’ theme. The company works with over 100 top sports and wellness brands and exports to more than 30 countries including European countries and the United States. TEXSTRETCH Progressive Exercise Resistance Bands is one of the most popular products of the company. The product is a great full-body workout solution for users of any level.

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Sri Lanka Tourism returns to Spanish market after pandemic

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Spain is one of the fastest recovery markets for Sri Lanka Tourism after the pandemic and participation in FITUR argues well for the much-needed exposure for Sri Lanka as an attractive tourism destination for Spanish-speaking countries, contributing in a substantive manner to its overall growth strategy. Sri Lanka Tourism made the presence with the 28 private sector companies at 43rd edition of FITUR International Travel Mart which was held from 18- 22 January 2023, Madrid, Spain. FITUR is the largest tourism event in the Spanish Market where all the sectors leisure, business and MICE tourism meet under one roof.

Sri Lanka Tourism stall was ceremonially opened by Mr.Chalaka Gajabahu ,Chairman of Sri Lanka Tourism Promotion Bureau and Honorary Consul of Sri Lanka in Barcelona, Mr. Agustin Llana and representatives of the leading private sector members of Sri Lanka.

Sri Lanka was able to attract high level of attention from the trade and travel visitors attended at the event. The Sri Lanka pavilion highlighted many aspects of its potential culture, beauty, Ayurveda and many more which Sri Lanka would offer as a tourism destination. Sri Lanka stand optimized the “So Sri Lanka” and “Visit Sri Lanka” vivid sights to attract the potential visitor segments. At the Sri Lanka pavilion, Ceylon tea was served for the visitors with a view of promoting Ceylon tea in the Spanish market.

On the sideline of the FITUR travel fair, Sri Lanka Tourism Promotion Burau officials participated at the events organized by the UNWTO. During the events, SLTPB officials met with the Mr.Harry Hwang , Director of Regional Department for Asia and the Pacific, UNWTO.As a result of discussions, Mr.Harry Hwang has shown the interest to hold the UNWTO Joint commission in Sri Lanka in 2024.

Meantime, the SLTPB and Sri Lanka Embassy of France also took steps to arrange Business Meetings, exclusive media interviews, Air Line meetings at the FITUR 2023. The Media gathering conducted during the fair created the great opportunity to highlight the updates on the destination and create awareness on the destination.

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