‘Tile & sanitary ware industry in crisis due to tile import ban’
The temporary ban on tile imports has plunged the tile and sanitary ware industry into a severe crisis. Considering the magnitude of this situation, we look forward to Cabinet approval for a resumption of tile imports, the Board of Management of the Tile & Sanitary Ware Importers Association (TISA)says in a press release.
The release: ‘The industry has been facing severe crises in the past due to the temporary ban on tile imports. Not only the importers but also the traders, the warehouses and all the employees were in crisis.
‘Although we were initially able to take such a decision in the face of the economic crisis in the country, as importers of Sri Lankan tiles and sanitary ware we had doubts as to whether the continued ban was carried out by some invisible political hand.
‘There are over 300 importers in the Tile and Sanitary Importers Association (TSIA) and we are proud to acknowledge that our association has made a significant contribution to the local economy over the past 30 years. During these 30 years, we produced a large number of job opportunities as well as tailoring to customer demand as well as providing tiles and sanitary ware at reasonable prices.
‘Importers of this industry give near 12 billion rupees to the national economy on every year only from import tax.
‘Also, more than 100,000 jobs have been created directly and indirectly associated with this industry at present.
‘It has also created about 2000 small and medium scale entrepreneurs for the rural economy and generated a large number of related jobs. Also, this is an organization which represent all the races in Sri Lanka.
‘Local tiles in the local market can provide only 40% – 45% for the needs. Also, about 50% of the cost from products imported as energy and raw materials. It will be a huge environmental polution if we produce the imported items within our country.
‘Because of the supply doesn’t fulfill the need of domestic consumer, he had to buy tiles and sanitary items for a high price.
‘We have informed the President and the Cabinet from time to time about this crisis. This media conference was held to raise awareness about this. Considering this situation, we expect Cabinet approval for the import of tiles. Let’s believe.
‘As businessmen, we Sri Lankans are committed to supporting the government of Sri Lanka in the face of international obstacles. We would like to thank President Gotabhaya Rajapaksa for his support to the government and for the economic well-being of Sri Lanka. We look forward to continuing to sell tiles and sanitary ware at reasonable prices in this industry. We are studying this closely and we hope that this work will be completed soon.’
Share investors worried over Wealth and Heritage tax
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.
Brandix ‘RightToRead’ initiative gains momentum enriching Sri Lanka students and transforming learning
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.”
Dialog TV Boosts Resilience and Capacity with Norsat Satellite Earth Station
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.”
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