Business and Economics
Pan Asia Bank main sponsor for ‘Western Entrepreneur of the Year 2020’

Pan Asia Bank continues its efforts to recognize aspiring SMEs as the main sponsor of the ‘Western Entrepreneur of the Year 2020’, organized jointly by the National Chamber of Commerce of Sri Lanka and the National Enterprise Development Authority for the fifth year in succession at the BMICH on 10th March 2020.

Considering that the year 2020 was one of the most difficult years in the recent past for SMEs, Pan Asia Bank took the initiative of supporting this event to recognize emerging SMEs who are spearheading the economy, especially from the Western Province. In fact this is the second year in succession that Pan Asia Bank has sponsored this event.

There were 25 awards presented to winners in the categories of Industry, Manufacturing, Agriculture, Livestock and Fisheries, Hospitality and Tourism and Other services. In  addition, two special awards were given for Best Entrepreneur Recovered  & Best Entrepreneur Survived during the COVID-19 pandemic.
Eco Spindles launches ‘Waste 2 Value’ app on Global Recycling Day

One of Sri Lanka’s leaders in plastic bottle recycling, Eco Spindles (Pvt.) Ltd, a fully-owned subsidiary of BPPL Holdings PLC, launched its highly anticipated “Waste 2 Value” app at a special launch event at Hilton Colombo Residences.

Coinciding with Global Recycling Day, the launch of “Waste 2 Value” expects to encourage responsible plastic recycling among the general public, and further consolidate recyclable waste collection efforts within the country.
The app, now available on the Google Play Store for Android and App Store for iOS, is capable of locating around 300 plastic waste bins around the island, providing ease of access to anybody looking to dispose their plastic waste the right way, with assurance that what they dispose will be collected and recycled, and not wasted.

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WEConnect International Challenges Global Members to Publicly Commit to a Specific Procurement Spend for Women-Owned Businesses

WASHINGTON, DC, March 8, 2021—In honor of International Women’s Day, WEConnect International kicks off its #Rise2theChallenge campaign that urges its 110+ multinational buying organizations to publicly commit to a specific spend target or relevant project to advance opportunities for women-owned businesses around the world.

WEConnect International’s 110+ members include large corporate, multilateral and government organizations that collectively source over $1 trillion worth of products and services annually. The #Rise2theChallenge campaign gives members one year to set their commitment level.

WEConnect International will track, aggregate and share the commitment amounts periodically throughout the year and celebrate the final amounts next year on International Women’s Day, March 8, 2022.

“Women represent a third of the world’s private businesses, are half the population and they make or influence 85 percent of all purchasing decisions,” said Elizabeth A. Vazquez, CEO and Co-Founder of WEConnect International, a non-profit that helps women-owned businesses compete in the global marketplace by connecting them with large organizations that can buy their products and services. “We must all act with urgency to connect more buyers with women suppliers and measure our impact and share the quantifiable, bold actions that will yield results for decades to come.”

WEConnect International research has documented that while one-third of all privately owned businesses in the world are owned by women, those same businesses earn less than one percent of large corporate and government spend with suppliers on average globally.

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