PAGE 01/02: CNCI Achiever Awards 2015
- Flash Back
PAGE 03: Achiever Awards 2015
PAGE 04: Economic Performance
PAGE 05 : Importance of the Research &
Development
PAGE 06: Member’s Success Story
PAGE 07 : Why is Strategic Management
Needed?
PAGE 08 : EDUCATIONAL PRO-
GRAMMES/ SEMINAR / EXHIBITIONS
O F F I C E B E A R E R S O F C N C I
I N S I D E T H I S I S S U E :
Mr. Gamini Gunasekera - Chairman
Mr. Preethi Jayawardena - Immediate Past Chairman
Mr. Tissa Seneviratne - Deputy Chairman
Mr. Raja Hewabowala - Senior Vice Chairman
Mr. Ruwan Edirisinghe - Vice Chairman
Mr. Canisius Fernando - Vice Chairman
Mr. Sarath Perera - Vice Chairman
Mr.R.H. Moses - Hony. Treasurer
Mr. Abeyratne Muthugala - Secretary General
The Ceylon National Chamber of Industries Apt. No.20, First Floor, Galle Face Court –2 , Colombo 03, Sri Lanka
Phone: 00 9411 2452181 / 2339200/2331444 Fax: 00 9411 2331443
Email : [email protected] /[email protected] Web: www.cnci.biz / lk
CNCI Achiever Awards - 2015
I S S U E 2 3 S E P T E M B E R 2 0 1 5
CNCI Achiever Awards 2015 - Special District Awards
Award winners from Jaffna with Hon. Eran Wickramaratne, Deputy Minister of State
Enterprise Development with Mr. Gamini Gunasekara, Chairman CNCI (2nd from right)
&
Mr. Tissa Seneviratne, Deputy Chairman CNCI (2nd from left)
The CNCI Achiever Awards – 2015 for Industrial Excellence, one of the most colorful events
in the Chamber Calendar of Sri Lanka, was ceremonially held on 3rd September 2015 at the
Hotel Galadari with a gathering of approximately 500 participants representing all categories of
companies in the manufacturing and service sectors. The event was organized by the Ceylon
National Chamber of Industries (CNCI) for the 14th consecutive year in 2015. The Chief Guest
at the Awards Night was Hon. Eran Wickramaratne - Deputy Minister of State Enterprise De-
velopment and the Guests of Honour were His Excellency Tarik Ahsan - Bangaladesh High
Commissioner and Mr. Emanuel Salinas, Programme Leader - Growth & Competitiveness of
the world Bank
The award winners from Jaffna District attracted the attention of the audience for their success
being achieved after receiving peace for all and for their desired participation in contributing to
the national economy. The winners, representing the companies of Sairam Contractors,
ARK Printing Solution and Jana Civil Engineering Construction were awarded at the
Ceremony under the category of “Special District Awards”
Page 2 C N C I N E W S B U L L E T I N SEPTEMBER 2015
CNCI ACHIEVER AWARDS - 2015 Flash Back
Page 3 C N C I N E W S B U L L E T I N SEPTEMBER 2015
CNCI - TOP TEN AWARDS
The 14th year Awards presentation included the
popular CNCI Top Ten Awards for the companies
in the Extra large category and other national and
provincial awards/ for Micro, Small, Medium,
Large & Extra large Manufacturing and Service
Sector Enterprises.
One of the unique features witnessed was that
Malliban Biscuit Manufactories (Pvt) Ltd, the
popular & the leading Biscuit manufacturers and
Bopitiya Auto Enterprises winning the Crystal
Awards after wining consecutively Gold Award
three times in past three years. Maliban Biscuit
Manufactories contested under the Manufacturing
Sector Extra Large Category while Bopitiya Auto
Enterprises Contested under the Manufacturing
Sector Medium Category.
The Achiever Awards 2015 was well supported by
the Industrial Community. The leader in communi-
cation sector - Sri Lanka Telecom PLC was the
Main Sponsor for the 8th consecutive year while
Ceylinco General Insurance PLC Ltd was the Co-
Sponsor. National Savings Bank & Commercial
Bank of Ceylon PLC were the Award Sponsor and
Event Sponsors were Hatton National Bank &
Bank of Ceylon.
The Print media giant ANCL was the official press
media sponsor for the 14th time & the peoples
channel - ITN was the Electronic media sponsor
for the 7th consecutive year.
The Achiever Awards 2015 became one of the
most colorful events in Sri Lanka with the appre-
ciation of all contestants & participants and was
among the popular topics in the public news pa-
pers.
Maliban Biscuit Manufactures - Crystal Award Winner - Extra Large
Category - Manufacturing Sector
Bopitiya Auto Enterprises - Crystal Award Winner - Medium Category -
Manufacturing Sector
Economic Performance
E C O N O M I C I N D I C A T O R S - L A T E S T A V A I L A B L E
E X C H A N G E R A T E S - 2 0 1 5 . 0 9 . 3 0
Category June 2015
US $ Mn
June 2014
US $ Mn
Growth (%)
US $ Mn
Exports 944.1 985.7 (4.2)
Industrial Products - - -
Imports 1833.3 1439.4 13.5
Deficit in Trade A/C 689.2 (453.7) 51.9
Workers’ Remittances 629.6 585.1 7.6
Earnings from Tourism 183. 164.2(b) 11.9
Page 4 C N C I N E W S B U L L E T I N SEPTEMBER 2015
Daily Exchange Rates
Currency Buying Rate (Rs.) Selling Rate (Rs.)
Dollar (USA) 138.81 143.41
Pound (UK) 209.53 217.99
Euro (EU) 155.16 162.11
Franc (Switzerland) 141.90 148.55
Dollar (Canada) 102.67 107.45
Dollar (Australia) 96.28 101.34
Dollar (Singapore) 96.85 101.08
Yen (Japan) 1.1524 1.2035
A company's research and development department plays an integral role in the life cycle of a product.
While the department usually is separate from sales, production and other divisions, the functions of these
areas are related and often require collaboration. A thorough understanding of the functions of the research
and development department allows you to maximize those duties at your small business, even if you don't
have a big department.
N E W P R O D U C T R E S E A R C H
Before a new product is developed, a research and development department conducts a thorough study to support the
project. The research phase includes determining product specifications, production costs and a production time line.
The research also is likely to include an evaluation of the need for the product before the design begins to ensure it is a
functional product that customers want to use.
N E W P R O D U C T D E V E L O P M E N T
The research paves the way for the development phase. This is the time when the new product is actually developed
based on the requirements and ideas created during the research phase. The developed product must meet the product
guidelines and any regulatory specifications.
E X I S T I N G P R O D U C T U P D A T E S
Existing products of the company also fall under the scope of research and development. The department regularly
evaluates the products offered by the company to ensure they are still functional. Potential changes or upgrades are
considered. In some cases, the research and development department is asked to resolve a problem with an existing
product that malfunctions or to find a new solution if the manufacturing process must change.
Q U A L I T Y C H E C K S
In many companies, the research and development team handles the quality checks on products created by the com-
pany. The department has an intimate knowledge of the requirements and specifications of a particular project. This
allows team members to ensure the products meet those standards so the company puts out quality products. If the
company also has a quality assurance team, it may collaborate with research and development on quality checks.
I N N O V A T I O N
The research and development team aids the company in staying competitive with others in the industry. The depart-
ment is able to research and analyze the products other businesses are creating, as well as the new trends within the
industry. This research aids the department in developing and updating the products created by the company. The team
helps direct the future of the company based on the information it provides and products it creates.
Source: http://smallbusiness.chron.com/
Page 5 C N C I N E W S B U L L E T I N SEPTEMBER 2015
Importance of the Research & Development
Janashakthi Insurance showcased its
commitment towards recognising and re-
warding best of Sri Lanka's top exporters
at the recently concluded 23rd Annual
NCE Export Awards 2015 conducted by
the National Chamber of Exporters, Sri
Lanka's only private sector Chamber
which exclusively serves Sri Lankan Ex-
porters. NCE Export Awards is a key high-
light of the Sri Lankan annual business
calendar, attended by leading companies
of the export community.
“Janashakthi General Insurance is ex-
tremely pleased to pledge commitment to
continue its partnership with the National
Chamber of Exporters and to be part of
the country's most prestigious Exporters
Awards Ceremony as a sponsor,” said
Jude Fernando, Chief Executive Officer -
Janashakthi General Insurance Limited.
“Increased momentum in international trade and enhanced efforts across the globe to curb protectionism
by embracing trade liberalisation and free trade, should benefit Sri Lankan exporters in the longer run.
Nevertheless, international markets will be volatile and we at Janashakthi Insurance are mindful to the mul-
titude of risk factors and challenges our exporters will have to face when they expand and move into global
markets more aggressively. We recognise that our exporters will essentially require total peace of mind to
think strategically to develop their products and services into global brands. While our exporters take calcu-
lated risks to become global brand icons, we at Janashakthi Insurance as one of the leading general insur-
ers in Sri Lanka will strive to provide that essential total peace of mind our exporters would require” added
Jude Fernando.
Janashakthi Insurance is one of the leading and strongest general insurers in Sri Lanka and has an excep-
tional and unique claim settlement track record over its 22 year old history. With a sound knowledge and
understanding of local and international maritime laws and customs, Janashakthi has the strength and ex-
pertise to cover a customer’s insurance needs in the most cost-effective way.
M E M B E R ’ S S U C C E S S S T O R I E S
Janashakthi Honours Top Sri Lankan Exporters at NCE Annual Exporters Awards
Page 6 C N C I N E W S B U L L E T I N SEPTEMBER 2015
Mr Basheer Ali, General Manager of Midas Safety Sri Lanka and Mr S N Hari, Deputy
General Manager of Midas Safety (Prime Polymers Division) receiving the certificate for
the Most Outstanding Exporter – Runner Up award from Mr Jude Fernando , CEO of
Janashakthi General Insurance Limited (Sponsor) in the presence of Mr P G Kumaras-
inghe Sirisena, Chairman - Sri Lanka Telecom and Mobitel (Main Sponsor), Guest of
Honour - His Excellency David Daly, Ambassador and Head of Delegation - Delegation
of the European Union to Sri Lanka and Maldives, Mr Sarada De Silva, President – NCE
Page 7 C N C I N E W S B U L L E T I N SEPTEMBER 2015
JOIN US !!!
Be a member of the pioneering Industrial Chamber
in Sri Lanka
Join our corporate membership which exceeds 300
manufacturing and service organizations.
Advertise with US !!!
If you would like to advertise on your organiza-tion achievement in our members page, please
email to:
[email protected] / [email protected]
or contact Nilanthi or (Mr) Anushka on
Why Is Strategic Management Needed?
Most business owners want to make wise decisions, but they sometimes are at a loss of where to begin.
This is where strategic management comes into play. An important concept for business owners and man-
agers to grasp, strategic management entails evaluating business goals, objectives and plans in light of
your company focus on effectiveness and efficiency.
C O R P O R A T E G O V E R N A N C E
An effective organization is often one that has initiated programs and services within its structure that en-
sure open communication, good management and effective leadership. Without these hallmarks of corpo-
rate governance, it is difficult to manage strategically because the basic framework of goal-setting and deci-
sion-making are missing. Setting up a control and reporting mechanism is also important to strategic man-
agement as part of a wider corporate governance push. This allows the organization to make changes
when they are needed to constantly monitor its own progress.
C O R E C O M P E T E N C I E S
Strategic management can help your business to identify and capitalize on its core competencies -- things
within your business that you do best. As Edward Russell-Walling notes in his book "50 Management Ideas
You Really Need to Know," a core competency has three key factors: it is not easy for competitors to dupli-
cate, your business can use it in a number of different products or services and it provides a benefit to your
customers. For some companies, a core competency is the brand name: People buy the products simply
because they carry the organization's name, which is associated with quality and prestige. For others, the
core competency might be the cost of production. Whatever your core competencies are, Russell-Walling is
quick to note that most companies only have a few. If you think your business has strengths in multiple ar-
eas, it's important to get at the root of what causes these successes.
S E T T I N G G O A L S
Strategic management is vitally important even on the small scale within a business. However, strategic
management is difficult to accomplish without a clearly defined set of goals for the business' operation.
Knowing what your core competencies are is good from the standpoint of understanding your strengths in
the marketplace, but this also helps you to identify areas for improvement and set goals and objectives
based on those weaknesses. If you know, for instance, that your business is lagging behind in utilizing the
power of the Internet to sell its products, one of your goals can be to introduce an online trading platform
within the next six months. Importantly, the goals your business sets should be measurable, specific and
have a time frame attached to them. Setting goals in this way helps you to strategically position your busi-
ness for future success.
Source : http://smallbusiness.chron.com/
E D U C A T I O N A L P R O G R A M S / S E M I N A R S / E X H I B I T I O N S
International Exhibitions
IFTF—International Floriculture & Horticulture Trade Fair. 4 - 6 November 2015, Nether-
lands
Global Cleaner Production & Sustainable Consumption Conference. 1 - 4 November 2015,
Barcelona, Spain
ISES Solar World Congress 2015. 8 - 12 November, Daegu, Korea
Auto’ 15 - Indian Automobile Trade Fair. 24-27 December 2015, Pune
Local Exhibitions
“Infotel 2015” , 20,22 November 2015 at Ban-
daranayake Memorial International Conference
Hall (BMICH), Colombo
“Bio Diversity and Tourism” on 05,06 No-
vember 2015 at The Bandaranaike Memorial
International Conference Hall (BMICH), Co-
lombo
“South Asia Power Congress 2015” on 1,3
December 2015 at The Bandaranaike Memorial
International Conference Hall (BMICH), Co-
lombo
Page 8 C N C I N E W S B U L L E T I N SEPTEMBER 2015