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The Museum of Modern and Contemporary Art Sri Lanka opens in a newly designed public venue

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Sri Lanka’s first museum dedicated to modern and contemporary art will be shifting its location to Crescat Boulevard, Colombo 03

Museum of Modern and Contemporary Art Sri Lanka moves location to be more accessible to the general public

The Museum of Modern and Contemporary Art Sri Lanka (MMCA Sri Lanka), the country’s first public museum committed to the display, research, collection and conservation of modern and contemporary art moved to Crescat Boulevard in November 2021. The move to its new location meets its objective of being more accessible to the general public, schools and tourists. The MMCA Sri Lanka was launched in 2019 as a not-for-profit organisation and receives local and international funding. Its first exhibition attracted over 3500 visitors. In addition to hosting 37 school and university groups from across the country. The museum hosted 165 free public events, 11 kids workshops, and 12 trilingual talks by artists, educators and curators during the course of the exhibition.

Speaking of the location change, Ajit Gunewardene, Chair of the MMCA Sri Lanka Committee said, “the MMCA Sri Lanka’s decision to move to Crescat Boulevard was a strategic one. As a museum in the making, it adds huge value to Colombo’s development post-pandemic. Crescat provides an easily accessible, non-intimidating setting that is a good fit for MMCA Sri Lanka.”

Nayana Mawilmada, Sector Head of the Property Group of John Keells Holdings speaking about the partnership said, “we are delighted to host MMCA Sri Lanka at the newly revamped Crescat Mall. With its central and easily accessible location, Crescat will offer MMCA Sri Lanka an opportunity to showcase the country’s contemporary art to a wide audience. It brings an essential cultural attraction to enhance Colombo’s tourism offering and we believe that visitors to the mall will enjoy using the multifactorial activities now offered. With its thought-provoking exhibits and programming for children and adults, we are happy to partner with the museum in showcasing the rich history and social discourses of our society.”

Sharmini Pereira, Chief Curator, MMCA Sri Lanka, said, “MMCA Sri Lanka is not the first museum to be located in a shopping mall––there is a history of art spaces being located inside retail environments, especially across Asia, in countries like Japan, India and China. Our new location provides us with countless opportunities to reach audiences who would not otherwise venture into museums of modern and contemporary art. We encourage people to follow us over social media because we have plenty of events that can’t be missed lined up over the next six months. Our goal is to once again create a unique, museum-quality experience that not only raises awareness about the country’s modern and contemporary art but also raises the profile of the city of Colombo itself.”

Crescat Boulevard is located at the heart of Colombo 03, with easy access points from Galle Road and Sri Uttarananda Mawatha. MMCA Sri Lanka is due to open its second exhibition in February 2022, in a 3,800sq. ft space on the second floor of Crescat Boulevard.

MMCA Sri Lanka is founded upon the values of learning and discovery and is committed to artists past and present, living and working across the country and internationally. Alongside its curated exhibitions and education programmes, the museum is the first publicly accessible trilingual venue of its kind in Sri Lanka.



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Berendina bags Silver at the CA Sri Lanka 56th Annual Report Awards

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From left: Sarath Chandra Fernando - Director-BMIC, Charith Fernando - Deputy Managing Director-BMIC, Saman Manatunga - Acting Head of Finance-BMIC, Dilhara Jayasinghe - Assistant Manager Compliance & Corporate Relationship-BMIC, Ranel T Wijesinha - Past President CA Sri Lanka, Jagath Godakanda – Chairman-BMIC, Chaaminda Kumarasiri – Chairman-Annual Report Awards Committee 2021 and Chamila Cooray - Alternate Chairperson-Annual Report Awards Committee 2021

Berendina Micro Investments Company Limited, better known as BMIC among its microfinance clientele and partners, won the Silver award at the 56th Annual Report Awards organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), under the category of Finance Companies and Leasing Companies (total assets up to Rs. 20 Billion). Over 70 companies, ranging from conglomerates, multinationals to non-profit organisations, and SMEs, were honoured at this year’s competition for their excellence in financial reporting. The gala event of this year held on 09th December 2021 at BMICH. Being the first Microfinance Company licensed by the Central Bank of Sri Lanka, BMIC is no stranger to this annual competition having won a prestigious Gold Award in 2017 and Merit Award in 2018.

The award from CA Sri Lanka is the fourth award to be won by BMIC during the financial year 2021, having won 3 international awards, namely, ‘The Best Microfinance Company in Sri Lanka’ and ‘The Best Agricultural Lending Company in Sri Lanka’ awards from the UK based Global Banking and Finance Review magazine as well as ‘Donor’s Choice Award’ at the international competition conducted by SCALE Green Creative Adaptation Awards in USA in 2021. Focused on poverty alleviation, BMIC as a Microfinance Institution (MFI) extends micro-credit facilities and enterprise development services that ensure long term sustainability and growth of business ventures of its clients, providing loans at the lowest interest rate compared to other MFIs in Sri Lanka. At present, BMIC manages a loan portfolio of over Rs. 3.1 billion and an annual turnover exceeding Rs. 900 million. It supports well over 70,000 microfinance clients through its 30 Branches in 11 districts. The CA award bestowed on BMIC is another testament to its commitment in continuously supporting its clients to overcome the obstacles during difficult times, while preserving its transparency in reporting, corporate governance, sustainability and social responsibility.

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SLIC repositions Business Club insurance with more focus on SMEs

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Sri Lanka Insurance last week announced repositioning of its Business Club insurance, a trade insurance policy which provides a comprehensive business insurance solution to fit for the diverse insurance need of small and Medium enterprises (SME).

“According to the Export Development Board of Sri Lanka SMEs are considered to be the backbone of the economy with a contribution up to 52% of the GDP. SMEs play a crucial role to battle the poverty in the country providing employment opportunities for the youth as the SMEs does not require capital than large firms. Further SMEs increase tax bases much quickly when compared to large firms,” an SLIC news release explained.

“Recognizing the importance and vital contribution made to the economy by SMEs, Sri Lanka Insurance went back to the drawing board to refine the “Business Club” comprehensive insurance solution to cater to the unique requirements of the businesses,” it said.”

“Therefor the insurance solution was developed to reinforce the success and safety of the businesses.”

The insurance plan will provide protection for any businesses be it retail, grocery store, supermarket, pharmacy or any other covering many perils inclusive of environmental dangers such as floods, cyclone, fire, lightning as well as other factors such as breaking and burglary, SLIC explained.

The release further said an array of main covers are available for businesses inclusive of fire and/or lightening, explosion, malicious damage, aircraft damage, earthquakes along with the free covers such as cost of removal of debris, loss of rental, architect, surveyors, consulting engineering fees, cost of alternative accommodation etc..

A range of additional covers are also available at an additional premium for businesses to choose. Money insurance during transit and while at premises, accidental breakage of glass cover, sign board cover, electronic equipment all risk cover are among the many additional covers offered.

Interested parties who’d like SLIC to assist in developing an insurance solution that covers the business risks can contact SLIC call center on 011 2 357 357.

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German fruit and tea importers stresses importance of packaging

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Jan Paul Bethke, a leading German importer of Sri Lankan fruits and tea, at a recent

EDB-organized event, urged Sri Lankan agri-product exporters to practice effective and superior packaging if they are to be successful in terms of capturing markets in Europe.

“If you package your product well, include a QR code (incorporating extensive details such as the farmer who grew products), and convey a personalized story, customers in advanced markets such as Germany and Europe would develop an affinity with your products”, Bethke noted.

He made these remarks at a Jan. 12 forum forum organized by the Sri Lanka Export Development Board (EDB) on packaging and value addition strategies to enhance Sri Lanka’s agri-product exports to Germany, an EDB news release said.

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