Business
100 days to 100 years – CJS counts down to centenary celebrations
Jacqueline Fernandez returns to CJS to shoot 100 year collection Otara, Asha and Yohani join CJS in the countdown
It’s just 100 days to celebrate 100 years of a tale of glitz, glamour, style and beauty. Colombo Jewellery Stores founded by Thaha Cassim in February 1922 weaves a fascinating tapestry that intertwines the lustre of stones with the multi-hued threads of this island’s history over an entire century. Into this work of art is woven the tale of a galaxy of women who have made CJS a part of their life story and some of these celebrity personalities joined CEO Akram Cassim at CJS Heritage Store at No 1 Alfred House Gardens Colombo 3 to celebrate the countdown of 100 days.
At the heart of multiple CJS collections since 2009 including Quite Simply Stunning, Hometown, Perpetual Grace, Unforgettable and Ocean Blues Collections is the multi-award winning Bollywood star CJS Brand Ambassador Jacqueline Fernandez who flew into Sri Lanka to kickstart the countdown. It is she who will showcase the legacy of the CJS 100 year collection to be unveiled in February. Akram’s favourite photographs featuring Jacqueline in the various campaigns over the years is featured on the Jacqueline Wall at the CJS Store.
Joining her at the countdown were Founder of Odel and Embark and legendary entrepreneur Otara Gunewardena and pioneer in blue whale research, multi-acclaimed marine biologist and Founder of Oceanswell Dr Asha de Vos. Sri Lanka’s youngest global singing sensation Yohani joined the fray of glamorous women, who each added their vignettes of style and elegance to the surrounds of the CJS Store.
“It was my grandfather Thaha Cassim who was 23 at the time, who ventured into the metropolis of Colombo from his hometown of the Fort in Galle to open the store of his dreams, selling fabulous gems and fashionable jewellery with quality being centric to everything he did,” says Akram. “From then on, CJS has been a part of every special moment in people’s lives, with the store being visited by royalty, business and political tycoons, the literati and the glitterati.”
Jacqueline called her return home after two years an emotional homecoming saying, “Throughout my 11 year relationship with CJS, I have travelled around the country, explored every facet and concept of different types of jewellery and been a part of the history being made. And what makes CJS so special is it’s not just about jewellery but about giving back to society and empowering communities.”
It is this element of passion for a cause and empowerment that attracted both Otara and Asha into being a part of the CJS story. Otara mentioned that her association with CJS since 2009 brought forth nine collections including the limited edition Otara and Hoola collections, while inspired by whales and dolphins, Akram & Asha designed two collections for Oceanswell with the primary aim of continuing the research mooted by Asha. “It is very heartening to have someone being absolutely committed to your cause,” said Asha of her partnership with CJS since 2018.
And today, while CJS follows the legacy of sparkling gems, glamorous jewellery and luxurious timepieces from TAG Heuer, Breitling and Hublot, what lies within the heart of the brand is its passion to give back including its most recent collaboration with the Emerge Lanka Foundation and the need to create a sustainable planet.
Business
DIMO KNIGHTS 2026 Reinforces a Culture of Recognition and Growth
DIMO celebrated DIMO KNIGHTS 2026, recognizing employees whose exceptional dedication, leadership, innovation, and commitment continue to shape the organization’s success. More than an employee recognition event, DIMO KNIGHTS reflects DIMO’s unwavering commitment to cultivating a workplace where people are empowered to thrive, reinforcing the Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing its Corporate Purpose of Fuelling Dreams and Aspirations to life.
Held under the theme “Illuminating Leadership, Inspiring Achievement,” the event celebrated individuals who exemplify DIMO’s values and inspire excellence across the organization. By recognizing those who consistently go above and beyond, DIMO continues to foster a high-performance culture where people are empowered to innovate, lead, and create meaningful impact.
A highlight of the evening was the keynote address delivered by Mr. Ravi Kant, former Managing Director and Vice Chairman of Tata Motors India, who shared valuable insights on leadership, organizational transformation, and building resilient organizations capable of sustaining long-term success.
Commenting on the event, Ms. Dilrukshi Kurukulasuriya, Executive Director / Chief Human Resources Officer of DIMO, said: “Our Tribe is the driving force behind DIMO’s continued success. DIMO KNIGHTS is more than a celebration of outstanding performance; it is a reflection of the culture we strive to build every day. By recognizing and empowering our people, we reinforce our Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing our Corporate Purpose to life. When our people grow, innovate, and thrive, they create lasting value for our customers, partners, and the communities we serve.”
DIMO KNIGHTS reinforces the organization’s people-first philosophy by fostering a culture of appreciation, continuous learning, and purposeful leadership. The programme reflects DIMO’s conviction that when employees are empowered, recognized, and inspired to excel, they shape the future of the organization through innovation, collaboration, and sustained excellence, strengthening a high-performing culture that delivers lasting value, drives sustainable business success, and reinforces DIMO’s position as an employer of choice.
The evening recognized employees across a wide range of categories, celebrating outstanding performance, innovation, collaboration, customer focus, and leadership. The ceremony culminated with the presentation of the prestigious Innovator of the Year and Employee of the Year awards, with the Employee of the Year accolade presented to Mr. Chathura Gunasekera.
As DIMO continues to invest in developing exceptional talent, initiatives such as DIMO KNIGHTS reaffirm the organization’s belief that sustainable business success begins with its people. By creating an environment where individuals are recognized, empowered, and inspired to achieve their full potential, DIMO continues to cultivate a purpose-driven, high-performing workforce that is equipped to shape the future of the organization while delivering lasting value to all stakeholders.
Business
Sri Lanka’s lifestyle coffee culture boom and the two faces of its economy
By Sanath Nanayakkare
On Baseline Road in Colombo, Barista Coffee recently opened its 100th outlet. For a modern café culture spreading across shopping centers, office districts, and provincial towns, this milestone is a major commercial success. It shows a thriving urban service sector and a growing class of lifestyle consumers who use coffee shops as places to work, socialise, and meet.
This is a curious new picture emerging from Sri Lanka’s post-crisis economic recovery: the coffee cup is getting bigger, even as the household tea cup tells a very different story.
Yet, looking past the espresso machines, a different reality unfolds in the country’s kitchens.
International financial institutions note that while Sri Lanka’s macro-economy is recovering, household welfare and employment remain below pre-crisis levels. Poverty rates sit at roughly double what they were in 2019, and food prices doubled over a three-year span, forcing families to cut back on essentials.
This creates a striking local paradox, especially given Sri Lanka’s proud heritage as a global tea producer. While the world pays top dollar for Ceylon Tea, local market studies and industry reports have long pointed out an unfortunate disparity: many ordinary families find high-quality tea too expensive, often settling for lower-grade alternatives at home.
The growth of a 100-outlet coffee network does not mean prosperity has spread evenly across the island. Instead, it proves that there is a specific, well-resourced segment of consumers with the purchasing power to sustain a premium lifestyle economy, even as many other households carefully calculate the cost of everyday groceries.
Barista’s 100th store is not a bad-news story; it is a testament to acute entrepreneurial grit, shifting consumer behavior, and the vital revival of the nation’s urban service sectors. But it serves as an uncompromising reminder that macroeconomic stabilisation is not synonymous with household recovery.
As Colombo’s coffee culture looks toward its next hundred outlets, the true pulse of the nation’s economic health will not be measured by the espresso machines humming in sleek urban hubs, but by the quiet arithmetic happening in millions of kitchens beyond its doors – where the fundamental question remains whether a family can comfortably afford a better cup of Ceylon Tea.
Business
Aitken Spence Hotel Holdings Rs. 5 billion debenture issue oversubscribed on opening day
Aitken Spence Hotel Holdings PLC announced that its maiden listed, rated, unsecured, senior
redeemable debenture issue was oversubscribed on its opening day, 15th September 2026.
The Company sought to raise Rs. 3 billion through an initial issuance of 30 million debentures at Rs.
100 each, with an option to issue a further 20 million debentures in the event of oversubscription of the initial issue, increasing the total issue size to Rs. 5 billion.
The Company said it had received applications for more than 50 million debentures, the full amount on offer, prompting the issue to close at 4:30 p.m. on the opening day (15).
The basis of allotment will be announced to the Colombo Stock Exchange as per regulatory requirements in due course.
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