Business

StrEdge Group offers businesses customized solutions to mitigate COVID – induced challenges

Published

2 years ago

2021/04/25

In a bid to mitigate COVID-induced risks faced by local businesses, StrEdge Group has introduced several service packages through their companies. This includes introduction of new governance models and interventions in bridging gaps in multiple businesses in terms of business strategy, processes, human resources, technology and finance, a StrEdge news release said.

The customized service package launched by StrEdge Advisory has helped save thousands of livelihoods generated by the SMEs, mid-corporates and corporates in these turbulent times by “taking them to safer waters,” remarked Director/CEO of StrEdge Advisory, Sumedha Wijesekera.

“We have taken stock of short, mid and long term strategies which will not only mitigate risks but also ensure sustainable growth of businesses,” he added. The approaches also help banks and lending institutions that work with these businesses in terms of utilization of credit proceeds through proper channels. “Our approach has become a risk mitigation tool for both the lender and the borrower,” noted the StrEdge CEO.

A home-grown company which prides itself in ‘Sri Lankan skill and capacity’, StrEdge offers a broad spectrum of services including Business Strategy Defining, Planning and Implementation, Human Resource Strategy for Corporates, Business Process Reengineering, Financial Restructuring and Advisory, Lean Six Sigma training and Certifications, Business Advisory, Technology Advisory, Design, Development and Implementation and Training in Leadership, Project Management and Operational Excellence. All these services are designed to help businesses and business leadership reach their true potential, the release said.

“We take pride in being a people centric solution provider sensitive to the Sri Lankan ecosystem. In this changing world with COVID and other unforeseen challenges, the expertise we offer as a home-grown solution provider, benchmarked with best international practices, help the country retain considerable foreign exchange which otherwise would go to expensive foreign consultants. We are also confident of providing services for overseas markets adhering to best international standards,” Wijesekera said.

He added that the company enables a ‘liberal and an ethical workplace’ where consultants are given the independence to bring out their true potential both in terms of skill and creativity to offer their clients the best of services.

Director, StrEdge Advisory, Janaka Epasinghe said that holistic solutions StrEdge offers from ‘people, process and technology’ perspective are geared to enrich product and service proposition of diverse businesses. “Especially in the present challenging business environment, managing businesses internally and externally is crucial and as solution providers, even during the most turbulent times as the pandemic hit, we have been able to create results.”

The SME-centric ERP solution developed and delivered by their technology company- StrEdge Tech is among the company’s special service portfolio. “This is not merely a system to automate the operation, but a tailor-made business solution to cater to individual business needs at an affordable price,” said Director, CEO, StrEdge Tech, Udaya Samaradivakara. “This user-friendly tool is designed to create visibility on business operations and decision-making for business owners and the management.”

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Business

Share investors worried over Wealth and Heritage tax

Published

3 hours ago

2023/03/24

Thilina Walpola

By Hiran H Senewiratne

CSE trading kicked off on a positive note yesterday but the momentum could not be sustained for long owing to investor worries that the government is planning domestic debt restructuring involving the imposition of a wealth and heritage tax on citizens, market sources said.

Amid those developments both indices moved downwards. The All -Share Price Index went down by 131 points and S and P SL-20 declined by 46.8 points. Turnover stood at Rs 3.4 billion with four crossings. Those crossings were reported in Agalawattte Plantations, which crossed 45.3 million shares to the tune of Rs 1.5 billion, its shares traded at Rs 35, CTC 420,000 shares crossed for Rs 269 million and its shares traded at Rs 640, Cargills 100,000 shares crossed to the tune of Rs 24.5 million; its shares traded at Rs 245 and Hayleys 300,000 shares crossed for Rs 24 million; its shares traded at Rs 80.

In the retail market top seven companies that mainly contributed to the turnover were, SLT Rs 234 million (two million shares traded), Hayleys RS 121 million (1.5 million shares traded), Lanka IOC Rs 106 million (115,000 shares traded), Softlogic Capital Rs 69 million (5.6 million shares traded), CTC Rs 65.3 million (101,000 shares traded), Sampath Bank RS 54.7 million (one million shares traded) and Commercial Bank RS 52.5 million (801,000 shares traded).During the day 164 million share volumes changed hands in 20000 transactions.

Business

Brandix ‘RightToRead’ initiative gains momentum enriching Sri Lanka students and transforming learning

Published

3 hours ago

2023/03/24

Thilina Walpola

Inspired by the challenge to provide Sri Lankan children with better access to learning materials and the transformative power to read and comprehend English, Brandix launched the ‘RightToRead’ project in 2018 in collaboration with the Ministry of Education.

Accordingly, Brandix introduced the ‘ReadToMe’ English learning tool, created by English Helper – India, to improve reading and comprehension skills of Sri Lankan students. Last Monday, Julie Chung, the US Ambassador to Sri Lanka, visited Susamayawardhana Vidyalaya in Borella, to observe progress of the project and experience how children and educators in Sri Lanka engage with educational technology.

Brandix Lanka Limited, Director, Ajit Johnpillai, said: “Education is the most powerful tool to enrich communities and futures, and Brandix is committed to build a strong foundation for transformational learning for students across Sri Lanka. The progress we have made with RiteToRead over the past two years is promising, and the potential for change in the education sector harnessing such digital technologies is immeasurable. Brandix will continue its commitment to deliver Inspired Solutions for the people of Sri Lanka.”

Business

Dialog TV Boosts Resilience and Capacity with Norsat Satellite Earth Station

Published

3 hours ago

2023/03/24

Thilina Walpola

Hytera, a leading global provider of professional communications technologies and solutions, is proud to announce the successful deployment of a new backup satellite station for Dialog TV, Sri Lanka’s No.1 satellite Pay TV service provider. The project was fulfilled in 2022 by Hytera and its subsidiary specialized in Satellite Communications (SatCom), Norsat International Inc. The new station enhances the resilience and capacity of Dialog TV’s existing system and ensures continuity of service in the event of damage due to natural disasters.
Dialog TV provides coverage over the entirety of Sri Lanka through the Intelsat 38 Ku-band satellite. As the business expanded, it opted for a backup solution to support its existing satellite station and to strengthen the network’s disaster tolerance.
Hytera and Norsat provided an end-to-end satellite earth station solution that includes the installation, integration, and setup of satellite antennas, a transmission and receiving system, a new network management system (NMS), and a carrier monitoring system (CMS). The NMS makes routine work easier and simpler for on-duty staff, as equipment status, parameter monitoring and configuration, and remote control of the devices can be viewed and accomplished via a single interface. The CMS monitors the carrier spectrum status of satellite signals in real-time and ensures stable signal transmission and receiving.
“We are excited to have been able to work with Dialog TV on this important project,” said Kevin Sun, Sales Director for Hytera South Asia, “Our ability to seamlessly integrate our new equipment and software with Dialog TV’s existing systems has helped to ensure a stable and reliable service for their millions of customers across Sri Lanka.”