Business and Economics
NDB bank launches second SL Vanithabhimana programme

NDB bank recently launched the second Sri Lanka Vanithabhimana Programme for 2021. The second launch however also focuses on a new sector, the corporate and the professional females of the country.

According to a report by the IFC titled Realizing Sustainability Through Diversity, The Case for Gender Diversity Among Sri Lanka’s Business Leadership, “Sri Lanka’s female labor force participation rate stagnated at around 35 per cent from 2009-2017, compared to the steady male participation rate of 75 per cent during the same period.

Similarly, the female unemployment rate on average remained more than double the male unemployment rate (7 per cent for females and 3 per cent for males) in 2009-2017. As a comparison, the female labor participation rate was 49 per cent globally and 28 percent in South Asia based on the World Bank’s data.”
A Way of Life – Sri Lanka Cricket, Powered by Daraz!

This September, in a country where cricket is more a way of life than just a sport, the heart of Sri Lanka will beat for its Lankan Lions as they take on The Proteas of South Africa. An unwavering supporter of Sri Lanka Cricket, Daraz have cemented their role as the Official Overseas Team Sponsor of Sri Lanka Cricket for 2021.

Powered by Daraz, the Sri Lankan Cricket team will kick-off the first of its 3 ODI fixtures on the 2nd of September 2021 at the R. Premadasa Stadium.

As the back of jersey sponsors for the T20 Series commencing on the 10th of September 2021, it is indisputable that Daraz will support our Lions every step of the way.

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Lankan envoy in Nairobi visits Hela Clothing factory in Kenya

As part of the economic diplomacy programme of the Mission in Kenya, to interact with the Sri Lankan investors who remit the investment proceeds to contribute to the foreign exchange earnings of Sri Lanka, the Sri Lanka High Commissioner to Kenya Velupillai Kananathan visited Hela Clothing factory in Nairobi on 31 August, 2021.

The Hela Clothing Ltd is a Sri Lankan owned ethical and sustainable apparel manufacturer with factories across Sri Lanka, Ethiopia, Egypt and Kenya. The Hela Clothing is a pioneer in apparel manufacturing in Kenya since 2016 which has progressed in leaps and bounds to be Kenya’s largest intimate wear manufacturer accounting for 15% of Kenya’s total apparel exports.

Hela clothing has two production units in Nairobi, one producing intimate garments and the other personal protective equipment (PPE) and facemasks. Further the Hela investments in Kenya provided employment to 64 Sri Lankans and 4600 Kenyans. It is also in the process of establishing a fabric manufacturing unit in Kenya.

Dilanka Jinadasa, the Managing Director of Hela Clothing who received the High Commissioner at the facility, provided a tour around the production units and briefed him on the profile and performance of their investments in Kenya.

The Hela Clothing in Kenya remits their proceeds in the tune of US$ 130 million to Sri Lanka per annum. Managing Director said that the company works closely with global brands from design to delivery and has earned a reputation in Africa for its green initiatives, innovative business solutions and ethical and sustainable working environments.

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