Star Garments Group wins Silver for ‘Energy Efficiency in Industry’
Star Garments Group (‘Star’) was recently recognised at the first-ever International Symposium on Green Industry Initiative for Sustainable Industrial Development (ISGSD), winning a Silver Award in the ‘‘Energy Efficiency in Industry’ category for its Innovation Centre based in Katunayake, the first ‘Passive house factory building’ in the world and first ‘Passive House Design’ in South Asia. It is also the first LEED Platinum building in Sri Lanka to becertified under latest LEED V4.
The event was organised by the Industrial Development Board (IDB) and Ministry of industries, was held from June 20-23, at the BMICH, Colombo.
The industrial sector is a significant energy consumer. Through the usage of passive house principles in renovating an old factory, Star Garments has taken an innovative approach to enhance its energy efficiency and reduce environmental impact.
The adherence to these principles in its Innovation Centre achieved a reduction of energy usage by up to 70 per cent and Zero kWh/m2a heating demand compared to aconventionally ‘efficient’ modern industrial building of the same size.
This remarkably lowers greenhouse gas emissions and operational costs. It also enhanced indoor environmental quality, boosting employee productivity, andoccupational health.
ACCA Emphasizes Empathy, Flexibility, and Innovation for Sri Lankan SMEs on UN MSME Day
As the world celebrates United Nations Micro, Small and Medium-sized Enterprises (MSME) Day, ACCA (the Association of Chartered Certified Accountants) underscores the crucial role of empathy, adaptability, and innovation for SMEs navigating today’s dynamic business environment. A new report launched by ACCA highlights insights from finance leaders, entrepreneurs, and business support organizations, shedding light on the resilience and growth strategies crucial for small businesses facing unprecedented challenges.
Aleksandra Zaronina-Kirillova, ACCA's Head of SME Professional Insights, emphasizes, “In an era defined by rapid digital transformation, sustainability imperatives, and economic volatility, accountancy professionals are indispensable allies for SMEs. They provide not only financial expertise but also emotional support and strategic guidance, understanding the unique human stories behind every business they serve.” The report, titled "Accountants at the heart of SME resilience and growth," features diverse success stories from around the globe, offering practical tools and insights tailored for SMEs and their supporting accountancy professionals.
Bank of Ceylon Pesalai Branch relocates to new premise
Bank of Ceylon has announced the opening of its relocated Pesalai branch, marking a milestone in banking for the local community.
The relocated branch aims to provide a more convenient, flexible, and efficient banking experience, incorporating the latest in digital technology to better serve our customers.
The opening ceremony was attended by several distinguished guests, including Bank of Ceylon Deputy General Manager Branch Operations Priyal Silva, Mannar Divisional Secretary M. Pradeepan, Bank of Ceylon Assistant General Manager Northern Province V. Sivanandan,