Sri Lanka China Business Cooperation Council announces 7th SLCBCC Business Star Awards

Introduced as an annual event in 2011, the Sri Lanka China Business Cooperation Council (SLCBCC) announced the launch of SLCBCC Business Star Awards 2017, which will be the seventh in the series. The awards presentation will take place at a grand ceremony on 4 December at the Grand Ballroom, Galadari Hotel, Colombo, in the presence of distinguished guests, which will be followed by a banquet dinner.

SLCBCC established in May 1994 has conducted several productive events throughout its 23 years of existence towards promoting and strengthening the bilateral business partnerships between Sri Lanka and China. Events of national importance to both countries such as the commemoration of the Golden Jubilee of the Sri Lanka – China Rubber – Rice Pact in 2002 and the Golden Jubilee of the of the establishment of Sri Lanka – China Diplomatic Relations in 2007 were two significant events organised and conducted by the Council. 

With the primary objective of promoting and strengthening the bilateral Trade and Investments between Sri Lanka and China, SLCBCC is continuously engages itself in several other useful and regular activities such as, organising Business delegations to and from China, facilitating visiting Trade Fairs and Exhibitions in China, promoting and facilitating Chinese Trade Exhibitions in Sri Lanka and conducting business development Seminars and Workshops.

SLCBCC also organises and conducts Chinese language classes and provide advanced training facilities for Sri Lankan entrepreneurs in China which allows consistent transfer of technology to its stakeholders. The SLCBCC Business Star Awards is yet another progressive step taken to motivate entrepreneurs doing business with China and to recognise their significant achievements. The objective is to encourage and stimulate best business practices for achievement of highest productivity and competitiveness and to provide recognition to businesses that are making continuous efforts to improve management and operational practices. Hence it is a competition specially designed to evaluate the achievements of the business entities not only by evaluating their volume of business, but by taking in to consideration the quality of their performances too.

The SLCBCC Business Star Awards 2017 kicked-off at a launch ceremony held at Galadari on 13th Oct ‘17 which announced the event to its stakeholders. 

The application closing date is 15 November 2017 for which applications could be obtained from SLCBCC or from its website www. http://slcbcc.com or by calling the council on 0773 024 512.

Any Sri Lankan company, carrying on business with China or a Chinese company registered and based in Sri Lanka is eligible to enter the competition. The evaluation of Sri Lankan companies and Chinese companies will be done separately under two different sections.

The criteria for evaluation is based on business and financial performance, excellence in product and process innovation, reach in the global market, knowledge integration, technological investment, capital investment towards future growth, implementation of best management practices, successful corporate governance and implementation of Corporate Social Responsibility.

Evaluation will be carried out in three stages, a desk review, interviews and a judges’ review by an independent panel-of-judges comprising of eminent professionals to ensure the impartiality and transparency whilst the competition is conducted under four sectors, Exports, Imports, Manufacture and Services classified under three categories, Small, Medium and Large.

Gold, Silver and Bronze Star awards will be presented to the winners of each group and the overall winner will be awarded the Pinnacle Star. 

A souvenir to mark the event will be issued at the Awards presentation ceremony, which will include a brief history of the council, its achievements during the past 23 years along with the council’s membership directory.