issues whole turnover
export credit guarantee to HNB
Sri Lanka Export Credit Insurance Corporation (SLECIC) issued a whole
turnover export credit guarantee to Hatton National Bank (HNB)
recently, which covers the entire short-term export credit portfolio
guarantee will enable HNB to offer pre/post shipment credit facilities
to exporters more liberally and in a hassle free manner and in turn
will help exporters improve their performance and competitiveness in
a simple ceremony held at HNB Towers, Chairman and Managing Director,
SLECIC, Hemaka de Alwis presented the whole turnover
credit guarantee to Managing Director, HNB, Rienzie T.
Alwis said the new whole turnover export credit guarantee signifies
the trust and confidence that the banking sector has placed in SLECIC.
said several other commercial banks have indicated their desire to
obtain similar guarantees and HNB's lead role will undoubtedly have a
catalytic effect in this exercise.
stated that obtaining the whole turnover export credit guarantee of
SLECIC is a historic and yet another pioneering step that HNB has
taken to intensify its support to the nation's export promotion drive.
It also adds value to the bank's assets portfolio in view of the
underwriting of the credit risk by SLECIC.
on the Bank's long-standing relationship with SLECIC, Wijetilleke
stated that he looks forward to a mutually beneficial relationship in
the years to come and commended SLECIC for the meaningful and
innovative steps taken to partner the banking sector in order to
facilitate the development of exports.
is the export credit agency of the government of Sri Lanka and
functions under the Commerce Ministry. With its global network of
other export credit agencies, SLECIC has the expertise and resources
to ensure that Sri Lankan exporters are protected from the risks
associated with international trade.
appetite for risk taking has increased due to organisational process
improvements and re-structuring that has been carried out during the
recent past. This has also helped SLECIC transform itself into a
dynamic public sector organization that strives to satisfy the
aspirations of exporters (policyholders).
two principal activities of SLECIC, the export payments insurance
policies and export credit guarantees are designed to assist and
reduce risks faced by exporters and commercial banks financing them.
export payments insurance policy of SLECIC is offered directly to
exporters to protect them against nonpayment by their foreign buyers.
Export credit guarantees are offered to commercial banks financing
exporters, to protect the banks against nonpayment by exporters.
ventures into Sri Lanka
International, a training and consulting company for 'business
planning,' recently ventured into Sri Lanka through its regional
office in Malaysia. The company, founded in the UK, counts over 10
years of experience in this field.
Chief Operating Officer, Edwin Silvester Das from the Malaysian
regional office visited Sri Lanka last week with a view to pursuing
business opportunities in Sri Lanka. He together with SCQuARE
representative in Sri Lanka, Nirmali Jayetileke, met with a number of
key persons from leading business organisations both from the public
and private sectors.
(a mnemonic), is a business process that takes an idea or a problem
from analysis to the ultimate decision. It incorporates the four key
elements of planning and decision making-analysis, synthesis,
creativity and presentation-into one clear and cohesive framework.
is a complete process for consistently converting ideas into
bulletproof business plans and propositions and selling them through
provides managers with a process to organise their thinking in a
structured way, to maximise their creativity and present their
arguments convincingly in writing or by way of a formal presentation,
thereby enabling them to "think strategically and communicate
transcends cultures and functions, creating a common language
expertise and teamwork to be enhanced
ideas to be pursued as business propositions with confidence.
ideas to be recognised early and reworked/discarded.
and corporate creativity to be liberated
meetings to be eliminated.
five distinct sections of the SCQuARE structure are designed to test
logic, validate assumptions and substantiate arguments for a well
reasoned answer and presentation.
SCQuARE methodology covers the following core areas which are:
- The starting point, the aims of the organisation, mission,
objectives, strengths, undisputable facts. Where you were, are and
plan to be.
or Complication - A new set of circumstances, opportunities, threats,
competitor activity, limitations, restrictions, barriers.
- The axis of the proposition. The pivotal question that is arrived at
through the analysis of the setting and change. The identification of
the action that must be taken to meet the objectives and deal with the
- The answer to the pivotal question. Includes the strategies to deal
with the issues and the barriers and the desired benefits/results. It
also includes the authentication of the strategies/substantiating of
(how) - The visualisable action required to achieve the strategies in
the Answer. The specific costed detailed actions. The decision points.
(why) - The reason for each action, the evidence that each action is
justified and the benefits (volumes, sales, profits) that each will
generate. The supporting data, statistics and the detailed
quantifiable results to be expected.
clients claim that with SCQuARE they get the right ideas to the market
place in a fraction of the normal time. SCQuARE has serviced a number
of clients worldwide in various industries both from Fortune 500 and
multinationals. British American Tobacco, Nestles, Pepsi Co (Europe),
Standard Chartered Bank, McCann Ericksons, DHL, BBC worldwide, Saatchi
and Saatchi are some of them to name a few.
company has the view that Sri Lanka is a country that is developing
fast and has a great potential for growth. Therefore the need for
proper planning techniques and methods to harness creativity and
strategic thinking whilst optimising time utilisation is evident.
company believes that "SCQuARE" will provide the frame- work
which will enable this process effectively, helping Sri Lankan
managers to make better decisions faster.