Monthly Archives: February 2014
Lanka IOC Launches program to provide free English educationFebruary 16, 2014 12:14 pm
Through an ongoing initiative in teaching English to children from under-privileged communities, Lanka IOC, Faiszer Mustapha Foundation and Cosmopolitan Learning Academy launched ‘English for Young Learners’ six month programme for 1500 students from 15 chosen Dhamma or Sunday Schools from the Colombo District under the patronage of President Mahinda Rajapaksa.
Following the success of the programme last year at Trincomalee, Minister Faiszer Mustapha, who instigated the Foundation with the sole focus of alleviating the social setback that todays’ students tend to face when learning and conversing in English.
Lanka IOC had undertaken this project as their Corporate Social Responsibility (CSR) and have realized that projects of this caliber are focused towards providing education to a child from a poor background would help in the child’s upliftment for a better future.
“Lanka IOC and the Faiszer Mustapha Foundation had been working together on bringing about this concept for Dhamma Schools in the Colombo District.
Today, with the ongoing global changes and advancements, this strategy for companies to embrace CSR is meaningful and through this concept, we will work to provide youth with the chance to be able to learn English and benefit from it,” Chairman, Faiszer Mustapha Foundation, Minister Faiszer Mustapha said.
After the programme in Trincomalee, the Foundation noticed that this change should be brought upon to the Colombo District as well, especially after ruling out the plight of English language results from lesser known schools in the district.
To bridge this gap between learning the language as a subject at school, needed to be filled.
All four skills; reading, writing, speaking and listening would be taught during the six months. “This is not just an average English teaching programme. The focus would be laid out on English language to be taught as a language. This is an unconventional, well-programmed study scheme conducted by the Cosmopolitan Learning Centre.
“We had already been in Jaffna, in collaboration with Lanka IOC. This concept includes quite an interactive approach to teaching and we do not utilize the conservative way of school teaching. The concept is Cosmopolitans own developed, tried and tested teaching method. We engage in special training for our teachers I the right teaching technique to be used for this programme,” Thilak Silva of Cosmopolitan Learning Centre said.
35 teachers from the Colombo District have already been assigned for this programme. Whilst learning at Dhamma Schools, the programme had been set up to be followed as an additional class. “My aim is to diminish that gap seen between the English and the Non-English classes in schools around the country. English is a very much needed tool in todays’ growing world,” Minister Mustapha acknowledged.
Students will be allocated to segmented classes after undergoing a test that would mark them depending on their English knowledge and ability.
IOC sees this opportunity on a long term outlook and pledged their continuous support in bringing change to help in the education of children in the country.
President Mahinda Rajapaksa was the Chief Guest at the event.
Lanka IOC Q3 net up 72.5 pctFebruary 20, 2014 12:35 pm
COLOMBO, (Reuters) – Group results for Lanka IOC PLC, the Sri Lankan arm of Indian Oil Corp, for the three months ended Dec. 31, released recently. (in millions of rupees unless otherwise stated):
NOTE – Results are provisional and unaudited.
- Foreign investors and funds hold 77 percent of the tota issued shares in the company, which has a market cap of 20.24 billion Sri Lankan rupees ($154.80 million) and accounts for 0.79 percent of the total market capitalisation of the stock exchange, latest bourse data showed.
- The parent, Indian Oil Corp, holds 75.12 percent of the shares in its Sri Lankan arm.
- Shares in Lanka IOC have gained 35.1 percent in the December quarter and 19.3 percent so far this year.
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Sunil Nair for Reuters)
Complete results can be downloaded from our Investor Section.