Sri Lanka's Education Minister, Susil Premajayantha, announced a 30 percent discount on exercise books for school students. He mentioned that the State Printing Corporation, which was previously facing an 800 million rupee loss, has now generated a profit of 1,250 million rupees. This positive financial situation allows for the discounted provision of books to students. In the past, Sri Lanka utilized an Indian credit line to print local textbooks. Minister Premajayantha acknowledged the private sector's role, particularly the contributions from LOLC and Atlas, in supplying school essentials like bags, stationery, and exercise books to students.
LOLC Sri Lanka, or Lanka Orix Leasing Company, is a leading financial institution in Sri Lanka. Established in 1980, it has evolved into a diversified conglomerate providing a range of financial services. LOLC engages in leasing, insurance, microfinance, and capital markets, contributing significantly to the nation's economic growth. The company focuses on empowering communities through financial inclusion initiatives, particularly in rural areas. With a strong commitment to innovation and sustainability, LOLC has garnered recognition for its impact on the financial sector and broader socio-economic development in Sri Lanka.
Atlas, the primary stationery brand operated by Atlas Axillia Ltd., a subsidiary of Hemas Holdings PLC, stands as one of Sri Lanka's esteemed corporate entities. With over 60 years of experience, it has been a frontrunner in the Sri Lankan learning ecosystem. As the largest producer of educational tools for children in the country, Atlas is known for delivering products with superior design, functionality, and affordability. Positioned as a purpose-driven brand, Atlas is dedicated to the idea of Making Learning Fun.
