News


Fresh tenders for Colombo Art Centre
By Naomi Gunasekara
The Ministry of Tourism has called for fresh tenders from creative entrepreneurs with management capabilities to manage the proposed Colombo Art and Cultural Centre following its failure to award the tender last year.

The Colombo Art and Cultural Centre is to be the centrepiece of visitor attractions within the city of Colombo presenting various aspects of Sri Lanka art and culture including a section on Dutch heritage in Sri Lanka.

Tenders for the project were called last October and Paradise Road, an upmarket crafts store, chosen from among five applicants. But the tender was not awarded and the Ministry of Tourism called for fresh applications last week.

"At that time the property was not vested with us. So we did not award the tender," said S. Kalaiselvam, Director Planning and Development, Sri Lanka Tourist Board.

The property, consisting half a hectare and situated at Echelon Square, had been vested with the Urban Development Authority at the time the tenders were called last year and the tender had not been awarded thus.

According to Kalaiselvam steps have been taken to bring the property within the purview of the Ministry of Tourism. "It will be gazetted soon and we will be able to award it," he said.

Paradise Road, though initially chosen, has not pursued the matter following the attack on the Katunayake airport. "They themselves were not keen and we decided to call for fresh applications."

The Art and Cultural Centre at the Dutch Heritage Building is owned by the Archaeological Department of Sri Lanka and a company consisting Chairman, Ceylon Tourist Board, Additional Secretary, Ministry of Tourism, Director General of Archaeology, Director of Cultural Affairs, Chairman, George Keyt Foundation, President of the Tourist Hotels Association of Sri Lanka, President of the Travel Agents Association of Sri Lanka and representatives of the General Treasury was established to manage the centre.

Conservation and restoration work at the site was carried out under the supervision of M/S Design Consortium Ltd based on a feasibility study conducted with the assistance of the Dutch government in 1997 and the total expenditure on restoration was Rs.100 million.

The centre is expected to foster traditional Sri Lankan art and culture and provide opportunities to young and upcoming artists and craftsmen of Sri Lanka. It consists seven blocks including a restaurant, shopping complex, auditorium, costume gallery, art gallery and library.

Awards for foreign job agencies
The Sri Lanka Bureau of Foreign Employment and the Ministry of Labour and Employment is launching a national awards scheme for licensed foreign employment agencies.

The objectives of the National Awards Scheme is to honour the agencies that have made a substantial contribution towards generating employment and foreign exchange earnings for the country, the bureau said in a statement.

"It is also to motivate the foreign employment agencies to reach excellence in the recruitment of personnel, and in training and discipline to project a better image for Sri Lanka in the foreign employment market," it said.

The National Awards Ceremony will be held on October 19.

The judges would comprise representatives from the Sri Lanka Institute of Marketing, the Institute of Chartered Accountants of Sri Lanka, the Ministry of Labour and Employment, and four professionals.

The evaluation criteria covers performance, marketing efforts, training facilities, business expansion efforts, the quality of service, complaints received from employers and employees, convictions in courts, and complaints from outsiders and from returnees.

Asian Paints enters Egyptian paints market
Asian Paints (India), the parent company of Asian Paints (Lanka), has announced plans to acquire a controlling stake in one of the five largest paint companies in Egypt -SCIB CHEMICAL S.A.E.

According to the agreement, Asian Paints (India) Ltd will purchase 60 percent of the paid-up capital of SCIB CHEMICAL S.A.E. Egypt subject to due diligence. The proposed investment amounts to approximately US$ 5 million (about Rs 480 million) and will be made through Asian Paints' wholly owned subsidiary based in Mauritius, Asian Paints said in a statement. The balance 40 percent will be held by existing promoters.

A spokesman for the company said the success of the Sri Lankan paintcompany acquired in 1999 was one of the key drivers of the company's decision to acquire the Egyptian paints company.

Asian Paints is India's largest paint company with a turnover of approximately Rs 32.6 billion (around US$ 340 million).

The company sells over 200,000 MT of paint annually and is ranked amongst the top 15 decorative coatings companies in the world.

It is also India's largest exporter of paints, exporting to 22 markets in the Asia-Pacific region, the Middle-East, and Africa.

Dream come true for Seylan's Renganathan
By Sinniah Gurunathan in Trincomalee
For Rajkumar Renganathan, a top executive at the Ceylinco Group, the opening of a Seylan Bank branch in Trincomalee on Wednesday was a dream come through to a "boy who came from the east."

"Personally to me, the opening of a branch of Seylan Bank in my hometown is a dream come true," said a proud Renganathan, now deputy chairman of Seylan Bank.

He said the town has gone through some of the most difficult times in the history of Sri Lanka with many lives and homes lost. "Seylan Bank believes that it can play an important role in rebuilding the lives of the people of this town," the deputy chairman said.

The bank's 92nd branch was open by Lalith Kotelawala. Chairman of the Ceylinco Consolidated in the presence of leading residents, industrialists, business leaders, customers and top security personnel.

"We believe that we are all children of the universe, that all of us and every human being on earth, has the right to live in equality without discrimination, free from want and poverty and in peace, to pursue each one's dream in life. This can only come through love for another, understanding forgiveness and tolerance," he said.


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