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Winners of Korean language speech contest felicitated

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On January 21 ambassador Santhush Woonjin Jeong had the pleasure to meet the winners of the Korean language speech contest and felicitate them at the Korean embassy. The ambassador offered congratulations to the winners and expressed his appreciation for their excellent skills in speaking Korean.

Due to the prevailing pandemic, the Korean language speech contest was held online last December as an event of “Korea Week”. The embassy of the Republic of Korea in Sri Lanka in collaboration with the Kandy King Sejong Institute Center successfully organized the Korean language speech contest and awards ceremony on a virtual platform.

On this occasion, the ambassador conveyed his deep appreciation for all the participants and the organizers of the Korean speech contest for their interest and commitment to further Korea- Sri Lanka ties amid the pandemic. “I believe that you are the bridge which connects Korea and Sri Lanka. Your interest and dedication to learn the Korean language is an example of our strong ties which have transcended national borders”.

The ambassador further stated that the year 2021 is a significant year for Korea-Sri Lanka bilateral relations. “From 2021, the Korean language is officially adopted as a foreign language for advanced level curriculum by the Ministry of Education in Sri Lanka. It will be a leap forward to elevate our cultural bilateral relations”. Further more the ambassador expressed the unwavering support and assistance of the government of Korea in the expansion of Korean-language education in Sri Lanka. Last year people to people exchanges were blocked by the pandemic, however the establishment of the King Sejong Institute has provided a great opportunity for the Sri Lankan public to learn and familiarize themselves with the Korean language and culture.

The Ambassador revealed that despite the differences of our two cultures we are united by the mutual respect and love shown to each other’s culture and language. He stated that “more Sri Lankan youth should be encouraged to learn the Korean language and become important assets to promote Korea-Sri Lanka friendship. I hope that friends from all walks of life in Sri Lanka will continue to work together to take our bilateral relations to another level and create a brighter future for our two countries. It is our strong belief that the student exchanges and cultural relations will keep strengthening and therefore will continue to make a greater contribution to consolidate our ties”.

The Ambassador elaborated that learning the Korean language would open the window to many job opportunities in Korea. The Korean government policy of “equal pay for equal work” has further elevated the engagement in labour cooperation in recent years. About 23,000 Sri Lankan employees are presently in Korea. Around 520 million US dollars were transmitted by them from Korea to Sri Lanka in 2019. The migrant workers bridge both countries in more ways than one, as they continue to contribute to the economic advancement of Korea and Sri Lanka.

The Ambassador also mentioned that the public health authorities in Sri Lanka have effectively implemented measures to battle Covid-19 here in Sri Lanka. Likewise the Korean authorities have taken aggressive anti-coronavirus efforts to combat and contain the pandemic. Many Sri Lankan workers live safely in Korea.

The Ambassador briefly touched upon the economic cooperation between Korean and Sri Lanka. He stated that “Korea is thankful to the international society including Sri Lanka for the support extended to Korea in the past. Now the time has come for Korea to repay by assisting Sri Lanka to achieve its development objectives. As a true friend, Korea would like to share the technological know-how and resources to help Sri Lanka achieve the so called Miracle on Kelani River like the Miracle on Han River”. 

The Korean speech contest has successfully contributed to deepening the cultural ties between the two countries by providing recognition for the Sri Lankan youth who embark upon a new journey to broaden their future possibilities by learning Korean. The Korean Embassy will deepen and strengthen the Korea- Sri Lanka friendship in 2021 as well.

The following students of the Korean Speech Contest were awarded prizes by His Excellency Santhush Woonjin JEONG at the awards ceremony. Kulara Wickramarachchi, a medical student won the first place. Her parents received her award on her behalf. Dhananjaya Jayasinghe and Thanushi Rajapakse won the second place for their fluent Korean linguistic skills. The third award winners were Aheesha Dilshani Jabir and Gimhani Dikkumbura. All award winners were presented certificates and prizes in the presence of their parents. Moreover they had the opportunity to exchange pleasantries with the Ambassador. They suggested that since there are numerous Sri Lankans who are keen to learn Korean, the establishment of more Korean language institutes will greatly benefit them.



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Galadari Colombo awarded ‘SLIM People’s Hotel Brand of the Year 2021’

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The Galadari Colombo was given a thumbs up from the people as the People’s Hotel Brand of the Year for the second time running at the recently concluded SLIM (Sri Lanka Institute of Marketing) People’s Awards 2021.

The uniqueness of the SLIM People’s Awards is the fact that it is awarded by the public which shows the popular choice of the Sri Lankan people.

This is the 15th successful running of the much-anticipated event conducted by SLIM in association with Nielsen which is globally renowned for its measurement and consumer insights.

Having stood the test time of time in the hospitality industry for more than 3 decades the Galadari Colombo is hopeful to remain in the hearts of its people as a brand that is trustworthy and dedicated to service.

 

 

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Expatriates’ organization painting competition for Sri Lankan children from care homes highlights close India-Sri Lanka ties

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Celebrating 75 years of India’s independence in Sri Lanka, Sri Lankan children from care homes converged in Colombo from all across Sri Lanka over 10-11 April 2021 for the final round of the nationwide painting competition organized by Colombo Expatriates Cultural Association (CECA) – a voluntary organization of expatriates consisting of mainly Indians – with support of the High Commission of India, Ministry of Education of government of Sri Lanka and several other partners.

Prof. G.L Peiris, Minister of Education was the Chief Guest and Gopal Baglay, High Commissioner of India was the Guest of Honour at the final round. Several other dignitaries including State Minister Piyal Nishantha were also present. The dignitaries lauded the effort as a shining example of strong people-to-people ties between India and Sri Lanka and stressed the enormous significance of the enriching experience for the children.

The competition was held in three categories – Sub Junior, Junior and Senior. The first round of the competition had seen enthusiastic participation of 4,375 students from child care homes across Sri Lanka. Contestants from all provinces who had produced sixty best paintings were invited along with one care-giver for the final round held in Colombo on April 10 at Hotel Taj Samudra. While top three winners in all the three categories were awarded SLR 100,000, SLR 75,000 and SLR 50,000 respectively in addition to various other gifts, certificates and medals, all the 60 finalists received cash awards, desktop computers, and other gifts contributed by various sponsors.

The event also formed part of ‘India @ 75’ celebrations in Sri Lanka which comprise events and activities in the run up to completion of 75 years of India’s Independence in August 2022. Prime Minister of India Shri Narendra Modi had launched these celebrations in India on March 12 2021, 75 weeks before the 75th Anniversary of Independence. In Sri Lanka, formal launch of these celebrations had taken place on April 9 2021 with the inauguration of ‘India Corner’ at the Nagananda Institute for Buddhist Studies.

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Chrissworld to raise Rs. 56.25 million through IPO

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By Hiran H.Senewiratne 

Chrissworld Ltd. (CWL), an SME company  engaged in the provision of third-party logistics (3PL) services, is gearing to raise up to Rs. 56.25 million via an initial public offering (IPO) on the Colombo Stock Exchange, sources said.

The company plans to offer 7,500,000 Ordinary Voting Shares for subscription at Rs. 7.50 per share. The subscription will open on April 27, with Atara Capital Partners representing the company as managers to the issue.

Meanwhile, the CSE noted in a statement that it has approved an application submitted by Chrissworld Ltd. for the listing of its Ordinary Voting Shares by way of an offer for subscription on the Empower Board of the CSE.

The company,  starting off with Rs. 6 million capital in 2019, expanded its capital to Rs. 22.5 million and projects to obtain Rs. 79 million after the IPO.

Chrissworld will be earmarking milestones with the IPO as the first to be listed on the Empower Board, CSE’s newest listing platform, dedicated to SMEs. Further, Central Depository Systems (Pvt.) Ltd., a subsidiary company of CSE, will step in for the first time as the registrar to the issue.

Amid those developments the CSE  started  on a bullish note yesterday and during the latter part of the day with heavy retail investor participation the CSE witnessed a bullish trend. It is said that manufacturing sector counters became the most popular stocks during the day. Notable price appreciation was reported in Hayleys Group, Royal Ceramic Group and  Distilleries.    

Both indices moved upwards. The All Share Price Index went up by 100.10 points and S and P SL20 rose by 49.18 points. Turnover stood at Rs. 3.51 billion with a crossing. The crossing was reported in JKH, which crossed 1.32 million shares to the tune of Rs. 199.3 million and its share price was Rs. 151.

In the retail market, companies that mainly contributed to the turnover were; Royal Ceramic Rs. 511.2 million (1.46 million shares traded), Expolanka Holdings Rs. 359.9 million (4.5 million shares traded),  Hayleys Group Rs. 359.9 million (4.5 million shares traded), Dipped Products Rs. 321 million (5.5 million shares traded), JKH Rs. 290 million (1.9 million shares traded), and Haycarb Rs. 177 million (1.5 million shares traded). During the day 87.8 million share volumes changed hands in 23900 transactions.

Hayleys shares appreciated by Rs. 6 or eight percent. Its shares started trading at Rs. 75.90 and at the end of the day they moved to Rs. 82. Royal Ceramic shares appreciated by Rs. 13.5 or nine percent. Its shares started trading at Rs. 328.25 and at the end of the day they moved to Rs. 358.75. Expolanka shares appreciated by Rs. 2.70 or five percent. Its shares  started trading at Rs. 49.70 and at the end of the day they shot up to Rs. 52.40 and Distilleries shares appreciated by 70 cent or 3 percent from Rs. 20.20 to Rs. 20.90  

Sri Lanka’s rupee quoted steady at 202.00/203 to the one month US dollar Monday, while gilt yields remained unchanged, dealers said.

The rupee last closed in the one-week forward market at 202/203 to the US dollar on Friday. Sri Lanka markets were dull as seasonal bliss kicks in.

 

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