Nature’s Beauty Secret 0 2000

Nature's Secret Factory

Nature’s Beauty Creations Ltd is a fully Sri Lankan owned company and the most awarded cosmetics manufacturer in Sri Lanka. Its brands include Nature’s Secrets, Panda Baby, Chandi Panda, Champion, Misumi, elithé and several others.

Ms-Shamindi-Kumarasinghe
Ms. Shamindi Kumarasinghe Head of Exports, Nature’s Beauty Creations (Pvt) Ltd.

The company’s advanced manufacturing complex exceeds European recognized GMP quality requirements and is accredited with international ISO standards. It is also the only cosmetics company to be awarded Sri Lanka’s highest environmental award, The National Green Award – Gold, and Sri Lanka’s highest employee wellbeing award, the Sri Lanka Corporate Health & Productivity Awards – Gold (large category). Around its manufacturing complex, the company also grows and maintains Sri Lanka’s largest privately owned collection of medicinal plants (over 800 varieties) for conservation and research.

Since its inception, the company has been fiercely passionate about quality, environmental conservation, consumer and employee wellbeing, and community empowerment, embarking on a sustainable journey to create responsible beauty that is natural, safe and ethical, both within its shores and beyond.  Today we are proud to have grown into one of Sri Lanka’s leading cosmetics exporters.

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Go Nuts in Kajugama 0 1644

Cashew-in-Sri-Lanka

By: Savannah Audrey
As you drive along the Colombo-Kandy road passing Nittambuwa, a few kilometers away, lies a street display: Kajugama. From a distance, you will spot the vibrant colors of the clothes of the female sellers (Kaju girls as they are fondly called). Kajugama is known for its beautiful girls in traditional dresses of cloth and jacket and long hair who will greet you with vibrant smiles.

Cashew in Sri Lanka
It is said that the Portuguese sailors are the ones who introduced cashew to Sri Lanka. Cashew is something that no one can resist and is used in enhancing the flavor of various dishes. Kaju curry, a delicacy in Sri Lankan cuisine, is a must at most functions held in the country which serves rice and curry. It is not only tasty but is also loaded with vitamins, minerals and antioxidants.  Cashew cultivation involves a lot of risks. The shelling process is laborious and time consuming.

The cashew season in Sri Lanka begins in March and continues through April. Vendors in Kajugama get their nuts from Wariyapola, Wanathavillu, Wewagama, Giriulla, Kalpitiya, Puttalam, Ampara, Mahiyangana, Galgamuwa, Galewela, and villages in the Eastern Province.  The global cashew economy is booming and Sri Lanka has to compete with some of the largest cashew exporters in the world including Africa, Brazil, Vietnam, and neighboring India.
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Biznomics Note Pad 0 642

biznomics-note-pad-2

By Biznomics Research Team

Monetary Policy Dilemma Everywhere

Global Financial markets have turned their attention to the emerging split among monetary policy makers towards policy rate cuts. The Federal Reserve Bank of the United States reduced its policy rate by 25 basis points, but indicated further rate reductions could be on the card as members split on what to do next. Reduced its benchmark overnight lending rate range from 2-2.5 PCT to 1.75-2 PCT

The US President Donald Trump has gone on record that Federal Reserve Bank is risking US competitiveness by keeping interest rates substantially higher than most of the developed countries.

Oil Prices Back to near normal

BiZnomics-note-spad-1Brent Crude price which soared to near USD 70/bbl after the attack on Aramco oil facility declined to near USD 60/bbl when Saudi Arabia announced that they will ensure no shortage in medium term. In the background of slowdown in global economy, the attack on Aramco oil infrastructure facility did not reflect sustained pressure on the market demand.  The surprised drone strike at the Saudi oil facility on 14th September halt the oil production impacting nearly 5 million barrels of crude processing a day which is 5 PCT of world’s daily production. The US blamed Iran for the attack.

 

US-China Trade Tension

Us and China delays further tariff increase pending high level talks between the two countries.

The Wall Street journal on 19th September reported that the World economic growth remain low in 2020 and possibly beyond if trade conflict spills over into other aspects of two country economic relationships. OECD expressed its worry over sliding economic growth among major trading partners. Slowing trade flows and business investments are signs that the trade disputes are taking a toll on global growth. The US-China official are due to meet in the third week of September to hold talks ahead of high level trade talks in October. Several rounds of tariffs have been levied by two countries on a larger percentage of commodities traded between two countries.

 

US Hit USD 1 trillion budget deficit

The US budget deficit passes USD 1 trillion mark for 2019. Reuters reported that the US government posted a USD 200 Bn budget deficit in August 2019 raising the eight-month budget deficit towards USD 1 trillion.

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