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The Cargills Village to Home programme supports the country’s small and medium entrepreneurs (SMEs) by providing them with a platform to engage with a larger network of customers.
As a company which has continuously engaged with and invested in rural agricultural communities across Sri Lanka, Cargills launched this programme, initially in September 2020, in the aftermath of the pandemic, to provide local SMEs, who had lost access to markets, with a platform to showcase their products. In addition, Cargills leverages its vast expertise in product development, marketing, and finance to support local entrepreneurs improve their product offerings. The Cargills Bank provides financing and banking assistance to the SMEs. The programme has been able to open exports markets for certain SMEs while some have become listed suppliers at Cargills Retail outlets due to their popularity.
The 14th Cargills Village to Home was held on the 1st and 2nd of October 2022 at the Bauddaloka Mawatha Cargills Food City premises, with an interesting array of traditional Sri Lankan food and handicrafts.
Among the SMEs featured this week was young Sasindu Thathsara from Bibile, Monaragala. Sasindu is the developer of a water filtering system known as Mannussakama, aimed at providing clean drinking water at a reasonable price to those struggling to find safe drinking water. His innovation is inspired by the challenges faced by people in his hometown to find clean drinking water. Kandy handicrafts by Asanka Priyalal was also featured in this programme. Asanka markets a variety of coconut shell products, as well as Batik fabric-covered notebooks. Saman Dhammika was another entrepreneur who was part of the programme this time, marketing his household cleaning products Derma Care. His products included bathroom cleaners, hand wash, and tile cleaners. Mauli Creations marketed products such as bedsheets, tablecloths, and clothing made from batiks and handlooms. The rural township of Manikhinna Kalasirigama also participated in the 14th Cargills Village to Home programme displaying their handicrafts, made out of Hana plants. including bags, table mats, pouches, wall hangings, mats.
Earth and Fire by Dumindu had several interesting types of pottery and jewellery. Nalin Kumara’s Healyo products included natural bee honey, bottled food items made of kochchi, sesame, and garlic. UNIQ Ayurvedic cosmetic products by Naomi Perera, a young female SME, showcased various types of unique ayurvedic cosmetic items. Sugar Galaxy by Dennis Thushanthani, a business that produces cakes, sweets, and traditional Tamil food items was also present. Rusteaks Wooden Décor by Shehara Fernando showcased wooden decorations made out of scrap wood. Derani plants by Himashi Ranasighe, another young female SME, had several types of flowers and vegetable plants, seeds, and organic fertilizer. Two Cargills Lak Bojun SMEs also participated providing healthy, traditional, Sri Lankan breakfast meals for customers who visited the event.
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More than 5000 children were treated to a fun-filled day at the Leisure World theme park by the Commercial Bank of Ceylon in partnership with ITN to celebrate World Children’s Day, observed in Sri Lanka annually on 1st October. The event was supported by Commercial Bank’s children’s savings accounts ‘Arunalu’ and ‘Isuru’. The games conducted for the children included Puzzle game, Play house, Bottle-knocking, Bump-a-ball and Spin-the-wheel, and children who won the games were presented with attractive branded gifts including caps, bags and umbrellas while mothers who participated in the Sandwich-making game along with their children were presented books with the brand ‘Anagi’ – Commercial Bank’s exclusive account for women.
Commercial Bank’s flagship Arunalu children’s savings account offers a higher interest rate over regular savings accounts and rewards account holders with special cash prizes if they score the first, second or third highest aggregate marks in their schools at the Year 5 Scholarship Examination. The Bank’s Isuru Minors’ Savings Plan includes both a monthly deposit and a lump sum deposit scheme and guarantees amounts of up to Rs 12 million upon the child reaching 18 years of age.
Sun, sea, sand and a carnival is what Colombo Oktoberfest promises this year. Adding large doses of joie de vivre for the entire family, it’s five days of absolute enjoyment being held for the first time at the new exciting venue of The Beach Park at Port City Colombo. From the 12th to the 16th of October, festivities will begin each day from 6 pm until 1 am.
Into the equation of fun and frolic, Cinnamon Grand will be serving authentic German cuisine including a range of German sausages, pretzels, pork knuckles, ham, slow-cooked ribs and for the sweet tooth apple strudel and Bavarian ice cream. German hostesses in traditional dirndl and lederhosen will be in attendance with a wide selection of beverages to suit every discerning palate and keeping the party-goers in good spirits.
Adding more to the spirit and feel of Bavaria will be the Bavarian Party Band entertaining the merrymakers on all five days with Sri Lanka’s top bands Redeemers, OIC, Magic Box, Slipping Chairs and Misty helping keep the festive spirit in constant motion with toes tapping, hips swaying, hands clapping and voices in full swing.
Golden sands and balmy breezes form the perfect tropical backdrop to the fiesta which also has plans for an entire gamut of traditional Oktoberfest games promising to keep the adrenaline flowing as competition reigns high. The Kids Activity Zone will put the children in full carnival mood, making sure parents can fully enjoy the full length and breadth of the party on the beach. Partnered by Nations Trust Bank, Cinnamon Grand Colombo, Yes 101, Daraz, PickMe, Elephant House, Emerging Media, Hi Magazine and BIC.
The CSE started the day in an extremely negative manner but later witnessed some recovery but that was not strong enough to push both indices to green territory yesterday, market analysts said.Further, President Ranil Wickremesinghe’s speech on the previous day in Parliament detailed various efforts taken to address the unsustainable external debt issue as well as revive the economy but did not positively respond to the stock market, stock market analysts added.
Amid those developments both indices moved downwards. The All- Share Price Index went down by 132 points and S and P SL20 declined by 24.7 points. Turnover stood at Rs 2 billion without any crossings.
In the retail market top seven companies that mainly contributed to the turnover were; Lanka IOC Rs 587 million (2.6 million shares traded), Expolanka Holdings Rs 274 million (1.7 million shares traded), Browns Investments Rs 102 million (16.2 million shares traded), ACL Cables Rs 94.8 million (975,000 shares traded), CIC (Non- Voting) Rs 82.2 million (1.2 million shares traded), CIC (Voting) Rs 79.5 million (871,000 shares traded) and JKH Rs 70.2 million (545,000 shares traded). During the day 69.7 million share volumes changed hands in 24000 share transactions.
It is said high net worth and institutional investor participation was noted in JKH, Expolanka Holdings and ACL Cables. Mixed interest was observed in Lanka IOC, Ambeon Capital and CIC Holdings, while retail interest was noted in Browns Investments, SMB Leasing and First Capital Holdings.
The Consumer Durables and Apparel sector was the top contributor to the market turnover (due to Ambeon Capital), while the sector index lost 3.07 per cent. The share price of Ambeon Capital lost Rs. 2.50 (16.89 per cent) to close at Rs. 12.30.
The Energy sector was the second highest contributor to market turnover (due to Lanka IOC), while the sector index decreased by 3.99 per cent. The share price of Lanka IOC decreased by Rs. 11 (4.57per cent), to close at Rs. 229.50.
Further, stock market investors are a bit worried that OPEC had taken a decision to cut down the global crude oil supply to keep their prices high. Apart from that, global recessionary worries prevailed, which would have slowed down the world economy to a greater extent, informed sources said.Yesterday the Central Bank- announced the daily US dollar selling rate as Rs 369.91 and buying rate as Rs 359.16. According to the Central Bank Governor Dr. Nandalal Weereasinghe the rupee will further stabilize in the future due to current prudent economic policies.
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