in brief

HYBT marks tenth year

Raja Waidyasekera Tissamaharama special corr.

The tenth anniversary of HYBT was held recently. The Hambantota Youth Business Trust based on the unique concept of the Prince’s trust UK founded by the Prince of Wales was launched in Hambantota district in 1997 under the patronage of Hambantota district Chamber of Commerce.

It aims to enable disadvantaged, under privileged unemployed and under employed youth between the age of 18 to 35 to start and improve their own viable and innovative businesses.

Loans such as start up loans, primary expansion loans, secondary expansion loans ranging from US Dollars 95 to US Dollars 943 are provided by the trust for the eligible youth.

HYBT has now expanded its activities to the national level.

Grand opportunity for young entrepreneurs

Mahaweli Systems corr.

official of the The Small Enterprises Development section in the Ministry of Youth Affairs invites youth to contact them because the section had taken a series of steps to support them. Details could be obtained from the Ministry.

The small entrepreneurs development initiative was launched by the ministry for youth affairs in August from the Ratnapura New Town.

Bingiriya student savings scheme

Bingiriya corr.

With a view to persuading school children of rural areas towards savings money for their future, a new unit of savings was set up at Kuli/Koswatta Gamini MV in the Bingiriya electorate by the Bingiriya Branch of the People’s Bank recently.

The principal of the school handed over the money collected from students to be deposited in their savings accounts to N. Thilakaratne, Branch Manager of the Bingiriya, People’s Bank Branch.

In addition the students were also rewarded with new hats and umbrellas by the People’s Bank.

Amana Sponsors FACETS

Amana Takaful sponsored FACETS for the fourth time. Amana Takaful Insurance, known to many as Sri Lanka’s most rewarding concept of insurance has once again teamed up with Facets 2007, Sri Lanka’s premier Gem and Jewllery Exhibition as one of the official sponsors.

‘Facets Sri Lanka 2007’ exhibition took centre stage in the Asian Gem and Jewellery market held on the at the BMICH.

The exhibition showcased Sri Lanka’s beauty and rarity of her magnificent gemstones.

CCC workshops

The Ceylon Chamber of Commerce will organise two back-to-back Seminars on September 17 and 18 at King’s Court, Trans Asia.

Both seminars will be based on case studies, ICC material and publications.

The two seminars are designed for beginners and experienced practitioners. Monday, September 17 will be on “Incoterms 2000 - Best Practices.” Tuesday, September 18, will be on “Payment methods in international trade - How to get paid”.

The seminar will be conducted by Pavel Andrle, Member of UCP 600 Revision Consulting Group and Documentary Payments Specialist. H.Q., Volksbank CZ, a.s., Prague, Czech Republic.

Pavel is also the Secretary to the Banking Commission. ICC CR, Prague, Czech Republic, which he regularly represents at the ICC Banking Commission meetings.