Sri Lankan garment exports gain tariff-free access to UK from 1 January

Sri Lankan garment manufacturers have now gained unprecedented access to UK markets under liberalised trade rules.

The changes allow manufacturers to source up to 100% of inputs for garments from any country worldwide whilst maintaining tariff-free access to the UK market. Fewer processing requirements now apply, removing the previous rule that two significant manufacturing processes must take place in Sri Lanka.

The liberalised rules also include the creation of an Asia Regional Cumulation Group of 18 countries applicable to all other exports from Sri Lanka. This enables Sri Lankan manufacturers to source materials from regional partners whilst maintaining preferential tariff benefits.

British High Commissioner Andrew Patrick said: ‘The reforms that are now in force demonstrate the UK’s commitment to creating shared prosperity through trade partnerships. By simplifying rules of origin, we are supporting Sri Lanka’s economic growth by improving market access to the UK and helping to further diversify exports. We recognise the Sri Lankan Government’s ambition for export growth and continue to advocate for improved utilisation of the scheme. Therefore, I invite exporters to explore how they can benefit from these reforms and access the zero tariffs that the Developing Countries Trading Scheme (DCTS) offers.’

Joint Apparel Association Forum (JAAF) Secretary General Yohan Lawrence said: ‘The reforms to the UK’s DCTS remove previous restrictions requiring materials to be sourced regionally. Sri Lankan manufacturers can now compete equally by accessing global supply chains. The garment sector accounts for over 60% of Sri Lanka’s exports to the UK and supports 1 million livelihoods across the country. It is a significant boost for our export potential to an important market, and we are excited to work with buyers and manufacturers in creating significant growth from this opportunity.’

Council for Business with Britain (CBB) President Mark Surgenor said: ‘We are excited for the potential that the reforms will bring in enhancing the UK-Sri Lanka trade relationship. The most significant boost is to the garment sector. But with over 90% of products eligible for zero tariffs under the UK’s DCTS, we hope exports from other sectors will also seize the benefits arising from the creation of a larger number of regional countries from whom they can now source inputs. We are keen to see greater utilisation of the DCTS. This will form part of the CBB’s ongoing information sessions aimed at supporting Sri Lankan businesses in growing their trade with the UK.’

The changes respond to requests from many businesses and countries, including the Sri Lankan Government and the JAAF. The UK is Sri Lanka’s second largest garment export market at approximately $ 675 million in value, with exports expected to increase significantly under the new arrangements.

MBSL Midcap Index revised for 2026

MBSL Midcap Index has been recalibrated for 2026 to aid investors who prefer growth but are prepared to withstand only conservative levels of volatility in their equity investments.

In a pioneering move, Merchant Bank of Sri Lanka and Finance PLC (MBSL) constructed a Stock market Index: the ‘MBSL MIDCAP Index’, which measures the aggregate price level and price movements of medium size companies listed on the Colombo Stock Exchange (CSE).

The index which came into operation in 1999 is revised annually and focus at the Middle Range Market Capitalisation, Liquidity and the Profitability of the firms to be included in the MBSL MIDCAP Index.

MBSL Midcap Index generates valuable signals for portfolio managers for switching from larger-cap more sensitive stocks to midcap less sensitive stocks with more growth potential in response to changing capital market conditions. The MBSL Midcap Index focus in profitability, helps to screen stocks with better future prospects that will cross to higher market capitalisation in the coming year.

MBSL MIDCAP Index which is in effect from 1 January 2026 and the criteria for selecting the twenty-five stocks of the index remained unchanged.

They are:

A. Middle Range Market Capitalisation as at 30 November 2025.

B. Liquidity based on number of trades during the year.

C. Profitability within the last two years.

When calculating the midcap index for the previous year (2025), stocks were selected from the market capitalization range of Rs. 4.9 billion to 49.07 billion and with the changes of ASPI the midcap range for the year 2026 as Rs. 8.45 billion to Rs. 84.5 billion.

Based on the above criteria the MBSL Midcap Index 2026 includes the following stocks representing nine sectors classified according to GICS industry group.

The banking sector is represented by Hatton National Bank PLC (X), Seylan Bank PLC, Seylan Bank PLC (X), DFCC Bank PLC, and National Development Bank PLC. In the Capital Goods sector, the constituents comprise ACL Cables PLC, Access Engineering PLC, Sierra Cables PLC, Royal Ceramics Lanka PLC, and Aitken Spence PLC. Ambeon Capital PLC represents the Consumer Durables and Apparel segment.

The Diversified Financials category includes Commercial Credit and Finance PLC, Central Finance Company PLC, Vallibel Finance PLC, First Capital Holdings PLC, and People’s Leasing and Finance PLC. Energy sector representation is through Lanka IOC PLC.

The Food, Beverage and Tobacco sector includes Lanka Milk Foods (CWE) PLC and Sunshine Holdings PLC. Insurance sector exposure is provided by Janashakthi Insurance PLC. The Materials sector consists of Chevron Lubricants Lanka PLC, Dipped Products PLC, and JAT Holdings PLC.

Real Estate Management and Development is represented by Prime Lands Residencies PLC and Overseas Realty (Ceylon) PLC.

Separately, changes to the list show a set of exclusions and new inclusions. The companies excluded are Citizens Development Business Finance PLC, CIC Holdings PLC, Ceylon Grain Elevators PLC, John Keells Holdings PLC, Hayleys Fabric PLC, TeeJay Lanka PLC, and Watawala Plantations PLC.

The new inclusions are Sierra Cables PLC, Aitken Spence PLC, Vallibel Finance PLC, Lanka IOC PLC, Janashakthi Insurance PLC, JAT Holdings PLC, and Prime Lands Residencies PLC.

US Ambassador Julie Chung to depart Sri Lanka

US Ambassador to Sri Lanka Julie Chung will depart Sri Lanka on 16 January after almost four years of dedicated service, marking the conclusion of her tenure as the United States’ top diplomat in Colombo, its embassy in Colombo said yesterday.

‘I have loved every moment of my time in Sri Lanka,’ said Ambassador Chung. ‘From day one, my focus has been to advance America’s interests-strengthening our security partnerships, expanding trade and investment, and promoting education and democratic values that make both our nations stronger. Together, we’ve built a relationship that delivers results for the American people and supports a free, open, and secure Indo-Pacific.’

Ambassador Chung’s tenure, which began in February 2022, was marked by several milestones, including the 75th anniversary of diplomatic relations between the United States and Sri Lanka in 2023, the return of US Peace Corps volunteers in 2024, and the 80th anniversary of the Fulbright Program.

She also oversaw the embassy’s move to its new LEED Gold-certified facility in October 2022, a landmark that reflects America’s commitment to a sustainable, secure, and enduring presence in Sri Lanka and underscores the US focus on building a modern partnership for the future of the Indo-Pacific.

Under Ambassador Chung’s leadership, the US Embassy advanced significant initiatives to support Sri Lanka’s economic recovery. These included support for the IMF Extended Fund Facility and multiple US Department of Agriculture packages to strengthen food security, and most recently in December 2025, assistance in response to Cyclone Ditwah, providing timely humanitarian support to affected communities.

Since 2022, the Ambassador led engagement with Sri Lankan partners in support of freedom, prosperity, and security across the Indo-Pacific. During her tenure, the embassy deepened US security cooperation through regional security and disaster response exercises such as CARAT, ATLAS ANGEL, and Pacific Angel, alongside an MOU between the Montana National Guard and Sri Lanka’s Ministry of Defence.

She also oversaw the transfer of critical maritime security assets, including a Beechcraft King Air aircraft and two former US Coast Guard vessels, bolstering Sri Lanka’s ability to protect its vast maritime domain. Through these efforts, the Ambassador advanced US cooperation with Sri Lanka on regional maritime security reaffirming the U.S. commitment to a partnership rooted in mutual respect, shared values, and Indo-Pacific stability.

Under Ambassador Chung, youth and education programs flourished. The Peace Corps officially resumed its activities in 2024, and American cultural and educational outreach grew through new facilities such as the American Corner in Batticaloa and an English Language Lab in Trincomalee. Programs like the embassy’s Youth Forum, the Young South Asian Leadership Initiative (YSALI), and the English Access program continue to empower the next generation of Sri Lankan leaders.

Ambassador Chung also elevated cultural heritage as a component of US engagement in the Indo-Pacific, supporting conservation of the historic Godawaya shipwreck near Hambantota through the Ambassadors Fund for Cultural Preservation. These efforts reflected US leadership in preserving shared history while reinforcing the US-Sri Lanka strategic partnership and underscoring the importance of Indo-Pacific security.

The United States remains committed to its partnership with Sri Lanka and will continue to work closely with the Government and people of Sri Lanka to build on the strong foundation established during Ambassador Chung’s nearly four-year tenure. Deputy Chief of Mission Jayne Howell will serve as Chargé d’Affaires, a.i., until the arrival of a new US Ambassador, the embassy said.

US attacks Venezuela, proclaims imperial overlordship; SJB-UNP rapprochement; Devananda’s destiny

2026 begins a period of wars arising from the Trump administration’s project to recover the USA’s ‘unipolar moment’ in the face of relative decline occasioned by the rise of China and the tendency towards a more multipolar world. Washington seeks to reverse this relative balance and restore outright imperial dominance through the greatest edge it still has, which is no longer economic but military; no longer ‘soft power’ or ‘smart power’ but sheer hard power.

The fulcrum of contemporary world history, where all global contradictions are concentrated, is Venezuela (which may be supplemented by Iran).

The unprovoked US military attack on Venezuela in peacetime and the cartel-like kidnapping of President Maduro and wife, constitute a gross violation of that country’s national independence and sovereignty, international law and the UN Charter.

The unilateral onslaught and subsequent announcement that the US (i.e., members of Trump’s Cabinet) would ‘run’, be ‘in charge’ or ‘run the policy’ of Venezuela, particularly its oil industry for an unspecified period, marks an attempt to return to a century or more ago, of gunboat diplomacy and imperialist diktat, where the US ran various Latin American countries. In Nicaragua, that saw the emergence of one of the 20th century’s most iconic guerrilla leaders, Augusto Cesar Sandino.

Knocking over or knocking off a leader is one thing; facing the historical blowback proves far more difficult (e.g. Iraq, Afghanistan). On behalf of the oil companies, the US-UK overthrew Iran’s Mossadegh (1953), causing a tectonic opinion shift which produced the Iranian Revolution and the Islamic Republic 25 years later. On behalf of the United Fruit Company the CIA overthrew Guatemala’s Arbenz (1954), motivating and catalysing the evolution of 26-year-old Argentinian medical doctor and adventure-seeking motorcyclist Ernesto Guevara de la Serna who was touring Guatemala at the time, into the immortal, inspiring icon Che Guevara.

US aggression and attempted neo-colonisation of Venezuela will trigger a continental and global shift and radicalise whole generations throughout Latin America and the world.

Leftist guerrillas were prominent in Venezuela’s history in the 1960s including in the capital Caracas, decades before Hugo Chavez. Whoever may vacillate, be co-opted, collaborate with or installed as puppets by the US, elements of Venezuela’s ideologically radicalised Bolivarian military and the organised, armed ‘Chavista’ social base could wage a sustained resistance against an extractive imperial US presence.

Washington’s politico-military overlordship, overtly intended to take possession and control of Venezuela’s oil (nationalised in 1976, decades before Chavez), will draw in young Latin Americans across national borders, seeking to emulate the continent’s many heroes over the centuries from Tupac Amaru to Augusto Sandino, Simon Bolivar to Fidel Castro, Emiliano Zapata to Farabundo Marti, Pancho Villa to Carlos Marighela, Manuel Cespedes to Pepe Mujica, Jose Marti to Che Guevara.

US oil giants may take over Venezuela’s oil but will find pipelines being blown up, unimpeded outflow impossible to maintain. The standoff high-tech advantages of the US military and/or private security contractors guarding installations and riding shotgun will be neutralised, and the motivational advantages of Venezuelan and continental fighters maximised, in close quarter confrontations on home terrain from Falcon to Caracas.

Trump’s dream of recycling the Monroe doctrine as a portal to restoring US global hegemony, may disintegrate in Venezuela in particular and Latin America in general, thus realizing Che Guevara’s last battle-cry: ‘Create two, three, many Vietnams!’.

The AKD-NPP administration’s strategy is disastrous for systemic and social stability. Following the catastrophe that befell Russia at the hands of Gorbachev and Yeltsin, the Communist Party of China concluded, as did many social scientists of quite diverse ideological views the world over, that a leadership must never embark on economic and political reforms in parallel, simultaneously. Rationality dictates engagement in one reform sphere until stable success is achieved and then leveraging that social support to move on reforms on the other front. Anura has violated and is violating this dictum.

Worse still, while doing so Anura is also committing the opposite blunder: leaving a dangerous vacuum in Tamil politics and consciousness by delaying interminably the holding of Provincial Council elections, thereby dismantling provincial-level devolution while not even having a process of political dialogue with the Tamil parliamentarians on an alternative/ interim political settlement. This vacuum can only enable and assist the growth of radical Tamil nationalism.

Antonio Gramsci famously remarked on a situation in which the old is dying and the new is not yet born, noting that it is precisely ‘in this interregnum that a variety of the most morbid symptoms’ — some translations simply say ‘monsters’-appear.

Sri Lanka is in this situation. The old is dying but that isn’t necessarily all to the good, because what was positive about the old is also dying, or rather, what is dying mostly is what was positive about the past. The new cannot yet be born, which is bad, but may also be good because we do not know whether everything about the new, or the greater part of what is new, will be better or worse than the old.

What is ghastly is to be stuck in the interregnum in which ‘the most morbid symptoms’ are appearing-some of which I’ve listed above as ‘bullet-points’.

Using the metaphor of an unsuccessful attempt at climbing a mountain, the great revolutionary realist Lenin wrote that the best thing to do under such circumstances is to carefully make your way back to where you started your ascent from, and try to do it better, or less badly, next time.

Sri Lanka is now stuck in a situation where the present is worse than the best or most/much of the past, facing a prospect of a future which may be worse than both past and present-the incarceration of Douglas Devananda and the new expansive P(S)TA being cases in point.

Douglas Devananda

Douglas Devananda could have done what the dashing Panagoda Maheswaran did. After an impossible escape from the Panagoda Army barracks, he took the proceedings of the operations he had conducted and migrated to comfortable Canada. In contrast, even after his skull was gouged open by sharpened metal bucket handles by Tiger detainees in Kalutara he was visiting to inquire about prison conditions, Douglas didn’t leave Sri Lanka or his people after he miraculously recovered from surgery. He returned to the struggle. Nor did he quit when his close comrade and assistant Maheshwari Velayutham, a lawyer and human rights activist, was murdered by a pre-teen LTTE shooter when she opened the door. Douglas stayed behind and served his cause which was the cause of Sri Lanka. On Anura Kumara Dissanayake’s watch, at age 68 he is incarcerated in the Mahara prison.

Here’s a diplomatic tale, documented at the time. It was April 2009, the Thirty Years War was reaching a decisive climax and external pressures on Sri Lanka were cresting in a race between the two. The West was looking for a UN mandate to halt operations, interrupting the conclusive defeat of the Tigers but couldn’t secure that UN mandate in New York thanks to the support Sri Lanka enjoyed from veto-wielding Russia and China. The UN Geneva, where no one had a veto, was another matter altogether. It was the diplomatic equivalent of the Thermopylae Pass, site of the legendary battle of Leonidas and the 300 Spartans against impossible odds. We had to defend it, buying time for the Sri Lankan military to win-which we did.

In that dramatic context, I requested Colombo to send a highly competent delegation to the crucially important Durban Review Conference, comprising several veteran Geneva ‘gladiators’ enlisted during my term (e.g., Prof Rajiva Wijesinha) and some even before I took up my post in mid-2007 (e.g., DSG Yasantha Kodagoda). I urged that Minister Douglas Devananda be sent to explain things from a non-separatist, democratic Tamil viewpoint to the Durban Review conference and crucial international players like the UN High Commissioners for Human Rights (Navi Pillay) and Refugees (Antonio Gutteres).

The statement released on 23 April 2009, 25 days before Sri Lanka’s defeat of the Tigers, follows:

‘A high-level delegation led by the Hon. Minister Douglas Devananda, Minister of Social Services and Social Welfare, which also included the Hon. Rishad Bathiudeen, Minister of Resettlement and Disaster Relief Services, H.E. Dr. Dayan Jayatilleka, Ambassador/ Permanent Representative of Sri Lanka to the United Nations Office in Geneva, Prof. Rajiva Wijesinha, Secretary to the Ministry of Disaster Management and Human Rights, and Mr. Yasantha Kodagoda, Deputy Solicitor General, Attorney General’s Department, represented Sri Lanka at the Durban Review Conference.

Organized by the United Nations, the Durban Review Conference provides an opportunity to assess and accelerate progress on implementation of measures adopted at the 2001 World Conference against Racism, including assessment of contemporary forms of racism, racial discrimination, xenophobia and related intolerance. On the opening day of this conference, Hon. Douglas Devananda made a statement behalf of the Government of Sri Lanka.

On the sidelines of the Durban Review Conference which is being held from 20th to 24th of April 2009, the Sri Lankan delegation met with senior UN officials, and a number of dignitaries from diverse countries and updated them on the current situation in Sri Lanka against the backdrop of Sri Lanka’s fight against separatism and terrorism.

Hon. Devananda and Hon. Bathiudeen, along with the rest of the delegation, held meetings with Ms. Navanethem Pillai, UN High Commissioner for Human Rights, Mr. Antonio Guterres, UN High Commissioner for Refugees (and a former Prime Minister of Portugal) and Mr. Anders Johnsson, Secretary-General of the Inter-Parliamentary Union.’ Douglas Devananda stood up for his country and the Sri Lankan state at the most decisive time–a particularly difficult time for him because the Tamil Diaspora the world over had mobilised in the streets to save Prabhakaran by stopping the war.

Douglas bled copiously for a single, united, independent Sri Lankan state. The State should honour him, not persecute him. Hardcore Tiger prisoners in Kalutara drove spikes through Douglas’ skull; on President Dissanayake’s watch, he is being stabbed in the back.

A very literate and well-informed Northern contact whose name I am under no compulsion as a regular columnist to divulge and indeed am under every professional compulsion not to, sent me the following explanation:

‘.At present, the Northern NPP is the worst Tamil nationalist formation. Most Tiger-era elements and hardline Tamil nationalist forces are now concentrated within the Northern NPP, making it even more extreme than Gajendrakumar Ponnambalam’s party. I am convinced that this [Douglas Devananda’s] arrest is intended to satisfy these elements and the Tiger diaspora, which continues to exercise significant electoral influence in the North by mobilising Tamil nationalist votes.’

SJB-UNP realignment

The Multi-Purpose Cooperative Society (MPCS) elections are pretty consistently lost by the JVP-NPP and won by an unofficial ‘Joint Opposition’, the latest being Kundasale. It is the curse of our Opposition politics that the organic unity at the grassroots is not reflected at the level of the political leaderships, and there is no Joint Opposition at the parliamentary and national levels. If a Joint Opposition leadership cannot be achieved in one go, then the model should be unity as a process with stages, starting with like-minded segments, i.e., an SJB-UNP bloc.

Some want a SJB-UNP bloc to ‘unite the Right’. No self-professed right-wing formation ever won a Sri Lankan election and nor should it. Given the island’s ethos, I doubt it ever will. The UNP of 1977 was far from an explicitly right-wing formation. On its last May Day before the grand election victory the front page of the UNP’s official newspaper ‘Siyarata’ was printed in green overlaying a large hammer and sickle in red. In 1978 JR Jayewardene renamed Sri Lanka a Democratic Socialist Republic. On his 91st birthday, Ronnie de Mel advised (on camera) the visiting Sajith Premadasa (and Dr Harsha de Silva) that the Open Economy should be revived ‘with a strong infusion of socialist values’.

A Government which doesn’t hold a Provincial Council election and has embarked on creeping mono-party political control throughout the state system and processes, cannot be trusted to hold fair, peaceful elections in 2029.

The SJB-UNP and SLPP-led centre-left as two blocs competing with each other while treating the ruling JVP-NPP as common adversary could confront and resist it on two fronts/flanks in a strategic pincer move.

Bethell century gives England Ashes silver lining

Jacob Bethell’s stunning maiden first-class century gave England an Ashes silver lining but could not prevent the tourists from sliding towards defeat in the fifth Test against Australia.

The 22-year-old, playing in his sixth Test, announced himself as England’s long-term number three with a fabulous unbeaten 142 at a sun-kissed Sydney Cricket Ground.

However, wickets late on the fourth day left England 302-8 in their second innings, leading only by 119 at the close.

It will take a significant contribution from Bethell and the tail, followed by a perfect bowling performance on a wearing pitch, to prevent Australia from ending as 4-1 winners on Thursday’s final day of the series.

Without Bethell’s breakthrough knock, England would have been beaten on a fourth day that began with captain Ben Stokes leaving the field with a right groin injury.

England were still able to take the final three wickets of the Australia first innings for 23 runs, including Steve Smith for 138. The hosts’ total of 567 gave them a lead of 183.

Bethell wiped that out in stands of 81 with Ben Duckett and 134 with Harry Brook – both of whom made 42.

But after Brook was lbw on review to a sharp off-break from Beau Webster, Will Jacks joined the list of England batters to get out to a ridiculous shot on this tour.

Jamie Smith was run out in a mix-up with Bethell, a hobbling Stokes poked to slip and Brydon Carse edged the superb Scott Boland. Overall, England lost five wickets for 78 runs.

It left Matthew Potts in the company of Bethell, who rose above England’s mediocrity to remain at the close. He soaked in the acclaim of the boisterous Barmy Army as their new hero.

England will leave Australia with few positives, but Bethell’s graduation from promising talent to bona fide Test batter will live long in the memory.

On a Sydney pitch offering plenty of turn and frequent uneven bounce, the tourists could have folded to a final humiliating defeat, possibly by an innings.

Bethell’s knock was impressive both for its style and character – it had echoes of a 22-year-old Stokes making his own maiden ton on a cracked Waca pitch against a rampaging Mitchell Johnson just over 12 years ago.

It also raised further questions as to why England dawdled on his selection for so long. Bethell first impressed in New Zealand at the end of 2024, yet England persisted with Ollie Pope until this series was lost.

Head coach Brendon McCullum and director of Rob Key seem set to be given the opportunity to correct the mistakes of this tour and rebuild this beaten England team. They will do so with Bethell belatedly secure at number three.

That is for the future. For now, Bethell’s task is to somehow get England to a target they could possibly defend.

Scores:

Fifth Ashes Test, Sydney Cricket Ground (day four of five)

England 384: Root 160, Brook 84; Neser 4-60 and 302-8: Bethell 142*; Webster 3-51

Australia 567: Head 163, Smith 138; Tongue 3-97, Carse 3-130

England are 119 runs ahead

Women’s NSL T20 gets underway today

Sri Lanka Cricket will revive the Women’s NSL T20 2026 tournament commencing today, thereby marking another big step towards the growth of women’s cricket in the country.

The tournament was played in the past in staggered form with Covid also being part of the problem.

Four teams, three of them captained by Sri Lanka cricketers – Hasini Perera (Team Green), Vishmi Gunaratne (Team Grey) and Harshitha Samarawickrama (Team Blue) and the fourth by uncapped 16-year-old left-arm spinner Chamodi Praboda (Team Red) will compete with each other twice in a round robin basis at the end of which the top two teams will qualify to play in the final.

Each team comprises 15 players which includes several national cricketers plus young talent who have surfaced from the schools at Under19 level.

The selectors have rested some of the senior players like Chamari Athapaththu, Inoka Ranaweera, Inoshi Priyadarshani, Udeshika Prabodhani to give younger players the opportunity and exposure to T20 cricket.

The tournament gets underway at the BRC grounds today with Blues meeting Greys in the morning and Greens playing Reds in the afternoon.

THE TEAMS

TEAM GREEN: Hasini Perera (Captain), Lihini Apsara, Nilakshika Silva, Nethmi Senarathna, Malsha Shehani, Vitini de Alwis, Piumi Wathsala, Nimesha Madushani, Kawya Kavindi, Rashmi Nethanjali, Rashmi Silva, Rishmi Sanjana, Harini Perera, Ayesha Keerthirathne, Devagi Jeganadan

TEAM GREY: Vishmi Gunaratne (Captain), Hasini Indrajith, Sumudu Nisansala, Kaveesha Dilhari, Hansima Karunaratne, Subadra Sawani, Saduni Nisansala, Tharuka Shehani, Imesha Dulani, Tharika Sewwandi, Malki Madara, Hirunika Nuwanthana, Chamari Lakshani, Sewmini Shashikala, Malshi Nirasha

TEAM BLUE: Harshitha Samarawickrama (Captain), Sandali Weerasinghe, Kaushini Nuthyangana, Imalka Mendis, Dewmi Vihanga, Ama Kanchana, Sachini Nisansala, Sathya Sandeepani, Chethana Wimukthi, Shayani Senarathne, Randi Premarathne, Yasanthi Herath, Shanilka Sathyangani, Hiruni Hansika, Nethmi Sanjana

TEAM RED: Chamodi Praboda (Captain), Vimoksha Balasooriya, Sanjana Kavindi, Umayangana Peries, Nethagi Isuranjali, Shashini Gimhani, Pramudi Methsara, Limansha Thilakarathna, Asheni Thalagune, Nethmi Upeksha, Chamodi Herath, Rashmika Sewwandi, Danodya Sewmini, Mithali Ayodya, Daria Dissanayaka

JKH Group contributes Rs. 400 m to ‘Rebuilding Sri Lanka’ Fund

A consortium of companies led by John Keells Holdings PLC has made a financial contribution of Rs. 400 million to the Government’s ‘Rebuilding Sri Lanka’ Fund, established to provide relief to communities affected by Cyclone Ditwah.

The contributions were made as follows: South Asia Gateway Terminals (SAGT) Rs. 100 million, Nations Trust Bank Rs. 100 million, Lanka Marine Services Ltd. Rs. 50 million, Jaykay Marketing Services Ltd. Rs. 50 million, Union Assurance Rs. 50 million and Elephant House Rs. 50 million.

The relevant cheques were formally handed over JKH Group Chairman Krishan Balendra, NTB Director/CEO Hemantha D. Gunetilleke and SAGT CEO Steen Knudsen.

Representing the wider John Keells led group of companies, Deputy Chairman and Group Chief Financial Officer Gihan Coorey along with several members of the Board of Directors, were also present on the occasion.

Phoenix Ogilvy recognised for HR excellence at Great HR Awards 2025

Phoenix Ogilvy has been recognised for its human resource practices in the Media and Advertising sector at the Great HR Awards 2025, held recently at Cinnamon Life.

The Awards, organised by Mercer and the Chartered Institute of Personnel Management Sri Lanka (CIPM) Sri Lanka, serves as one of the country’s most comprehensive benchmarking platforms for excellence in Human Resource Management (HRM).

The agency was selected from among 250 organisations across 16 sectors, a notable outcome given the limited representation of advertising agencies at such forums.

The evaluation process covered 12 core areas, including HR strategy alignment, talent acquisition, learning and development, performance management, employee wellbeing, and HR technology. Phoenix Ogilvy earned commendation for its ability to adapt these principles to the unique demands of the communications sector.

Phoenix Ogilvy Group Head of Human Resources Sudeera Kelum said: ‘This recognition reflects our focus on building a workplace that supports creativity while ensuring employee wellbeing and professional development. In an industry known for its pace and pressure, we have worked to embed practices that balance performance with care for our people. Further, unlike creative awards that dominate the industry calendar, recognition for HR excellence is rare for agencies, making this achievement particularly significant for us.’

Among the factors that contributed to the win was the agency’s mental health support framework, which includes in-house counselling by HR professionals with formal psychology qualifications, which is a decisive differentiator in an industry often associated with high stress.

The judging panel also noted Phoenix Ogilvy’s strong employee engagement initiatives, transparent leadership, and a learning ecosystem aligned with global standards.

The agency’s HR function operates as a strategic partner, not a purely administrative role. It combines modern recruitment tools, digital maturity, and performance-driven metrics with an inclusive culture that values diversity and creativity. This approach has positioned Phoenix Ogilvy as an example of how HR sophistication can thrive within creative industries, matching standards typically associated with larger corporates and Government institutions.

Phoenix Ogilvy’s HR practices also reflect a commitment to employee wellbeing and inclusivity. The agency has introduced engagement initiatives that are participatory and creative, while maintaining strong legal and administrative discipline. Its recruitment strategy leverages the inherently diverse nature of advertising to build a workforce that represents varied perspectives and backgrounds.

The recognition also underscores the agency’s investment in learning and development, with programs designed to cultivate next-generation talent and align with global creative industry standards. These initiatives ensure that employees have access to continuous professional growth opportunities, reinforcing the agency’s position as a future-ready workplace.

This achievement adds to Ogilvy Group Sri Lanka’s broader success in 2025, which includes wins at Campaign Asia’s Agency of the Year Awards, APAC Effies, ADFEST, Dragons of Sri Lanka, and Effie Awards Sri Lanka, affirming the Group’s strength in both creative excellence and organisational culture.

Cinnamon Air says reviewing Lake Gregory landing incident; no injuries

Saffron Aviation Ltd, the operator of Cinnamon Air, yesterday said it has initiated an internal review into the landing incident involving one of its amphibian aircraft at Lake Gregory, Nuwara Eliya.

The company issued the following update:

Earlier Wednesday, a Cinnamon Air aircraft experienced an incident during landing on the waters of Lake Gregory. We wish to confirm that there were no passengers on board the aircraft at the time of the incident. All crew members are safe, and we can confirm there were no injuries or casualties.

Cinnamon Air is working closely with the Civil Aviation Authority of Sri Lanka (CAASL), which is currently conducting an on-site assessment. Having been in commercial operations since 2013 and having safely carried over 80,000 passengers, Cinnamon Air maintains safety as its highest priority and has also initiated an internal review of the incident.