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BOI projects for cement and fertilizer

The Board of Investment of Sri Lanka granted investment approval to Sterling Investments and Development Lanka (Pvt) Ltd. and D M L Holdings (Pvt) Ltd. Chairman / Director General Dhammika Perera, signed the agreements on behalf of the BOI and presented the BOI Certificate of Registration to the investors.

The agreements signed with Sterling Investments and Development Lanka (Pvt) Ltd. and D M L Holdings (Pvt) Ltd. will lead to manufacturing of cement and fertilizer for export. Investment for both Sterling Investments and Development Lanka and D M L Holdings are sponsored by UK based AML Products. AML Products engages in trading commodities in Eastern Europe. The two ventures will create 100 employment opportunities initially and is expected to commence commercial operations within two months.

The $ 5 million investment agreement with Sterling Investments and Development Lanka (Pvt) Ltd. is for a project for grinding and bagging of cement. The venture will establish four state-of-the-art manufacturing plants, including Galle, Vavuniya and Colombo. The products will be exported to Tanzania and Libya, and will also be provided to the local market.

D M L Holdings, a project under Nipayum Sri Lanka 300 Enterprises Program signed an agreement to manufacture fertilizer for local and export markets. The fertilizer will be manufactured in a fully automated state-of-the art manufacturing plant at Wennappuwa using locally available raw material.

The company will manufacture fertilizer such as single super phosphate, triple super phosphate, and diammonium phosphate. The products will be provided to the local market and also exported to countries such as Tanzania, Libya and Bangladesh.

Director David Gluck said that he was happy with the service provided by the Board of Investment and looked forward to having good relations with Sri Lanka.

Directors of Sterling Investments and Development Lanka (Pvt) Ltd. and D M L Holdings (Pvt) Ltd. Mendel Gluck and Lawrence Fernando signed the agreements on behalf of both companies.

Ministry applauds student champ:

First Lankan winner at Intel ISEF 2009 felicitated

The first local student E. Chandula Padmasiri, to win a Grand Award at the recently concluded Intel International Science and Engineering Fair (ISEF) 2009 was felicitated by the Minister of Education, Susil Premajayantha at Isurupaya.

Chandula, one of five students who represented Sri Lanka at this event, was adjudged third in the Electrical and Mechanical category for his mobile phone based microscope and received US$1,000 in prize money. Chandula was a finalist of Junior Inventor of the Year (JIY) 2008 competition and won the first place at Sri Lanka Science and Engineering Fair (SLSEF).

Minister Susil Premajayantha said, “Chandula’s achievement has not only boosted our confidence but further strengthen our commitment to assist our young talents for coming out with new innovations.”

Commenting on Intel’s support for improvement of ICT Education here in Sri Lanka, Minister said, “Intel has been one of our trusted partners in bringing the latest technology to our school system and providing our teacher and student community with training to keep themselves abreast with country’s development goals. I would like to extend my sincere appreciation to Intel for their assistance extended to Sri Lankan students to showcase their talents at such wide international arenas and for its commitment to such causes”.

Country Business Manager, Intel EM Limited, Sri Lanka Liaison office Indika de Zoysa said, “Chandula has brought great pride to his country through his success at the Intel ISEF competition.

We believe that all students, deserve to have the tools they need to become the next generation of innovators. The Education Minister called upon Vice President, Sales and Marketing Group, General Manager, Intel Asia-Pacific Navin Shenoy to help teachers in the North and East. He appreciated the government’s initiatives in this endeavour.

Managing Director, Sales and Marketing Group, Intel South Asia R. Sivakumar, Director Sales and Marketing Group, Intel South Asia B. Suryanarayanan, Intel Education Program Manager, Sri Lanka Priyantha K. Weerabahu and other officials were present at the event.

Sri Lanka to host Y’s Men Asia Area Convention

‘Sri Lanka will be the host for this year’s Y’s Men Convention which is expected to bring in around 500 foreign delegates’, said General Manager of Sri Lanka Convention Bureau Vipula Wanigasekera.

This international gathering of Y’s Men will be held from July 31-August 2. With the return of total peace , we will have the full visitation from around the world; the Bureau said.

Sri Lanka’s bid to hold the event in Colombo was boosted with the election of a Sri Lankan, Lady Y’s Man Rita Hettiarachchi to the high office of Asia Area President for 2008/2009.

A Youth Convocation which targets youth in the age group 15 - 25 years will run concurrently to the Area Convention while the annual meeting of International Council Members, the highest executive body of the organization will also be held in Sri Lanka, just prior to the Convention.

The theme for the Area Convention and Youth Convocation is “Working Together to Serve Better”. One of the important items on the Program of the Convention is the installation of the new International President and Asia Area President for 2009/2010. Kevin Cummings of Canada and Dr. Chon Byung-koo of South Korea.

Y’s Men International, headquartered in Geneva is a voluntary service organization which works in partnership at all levels (International, Area, Regional and Local) with the world renowned YMCA.

Membership in the organization is open to men and women of all faiths who strive through active service to provide leadership to build a better world for all humankind. Y’sdom has been in operation in Sri Lanka since 1930 with the charter of the Colombo Club.