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39th Remembrance of Upali Wijewardene, President we never had

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13TH FEBRUARY 2022

By Dhammika Attygalle

My late uncle Upali’s signature facet was his love for speed. This he applied in expanding his business empire. He bought a Lear Jet and obtained the Red Passport as Chairman of GCEC because he was a man for speed and a fast decision maker. Even his other indulgences, including his love for horse and car racing reflected this. I was 18 at the time of my uncle’s disappearance and am now a Director of the Upali Group of Companies.

Sporting the famous ‘Red and Gold Cross Slash’, Wijewardene’s Rasa Penang, Varron, Kandos-Man, General Atty, King of Zulu and Cornwall Garden shone at Royal Ascot, Singapore Derby, Perak Derby, ridden by none other than Champion Jockey Lester Piggot. One time Chairman of the Board of Stewards of the Sri Lanka Turf Club, he would even do a tarmac transfer to his helicopter and would make it to Nuwara Eliya, sometimes just minutes before races were to start. My late Uncle’s dream was to win the Royal Derby which was scheduled to be held in the month of June and to be the first Asian to win this most prestigious horse race. The luxury S-Class Mercedes Benz 116 which he imported from Malaysia was the first of its kind in Sri Lanka and he used to travel to Nuwara Eliya or Kamburupitiya after dinner to save time and to reach the destination fast.

My late Uncle started the “Ruhunu Udanaya” Movement to develop his maternal home town Kamburupitiya and to engage in national politics to become President of Sri Lanka after his cousin brother President J R Jayawardene’s term ended.

Last time we saw him he was at the Kelaniya Duruthu Perahera where he was the Chief Basnayake Nilame and at the end of the Perahera he came up to my mother and said, “Punchi Akka, I am off”.



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‘A meeting of minds, markets and opportunities’

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Dignitaries and industry leaders inaugurate the Global Franchise Forum 2025

The Global Franchise Forum 2025, held at the Sheraton Hotel in Colombo recently was seen by dignitaries present as delivering significant benefits to Sri Lanka’s economy, entrepreneurs and the country’s global standing. Gaurav Marya, chairman, Franchise India Group, complimenting the event said, among other things, that the event was a ‘meeting of minds, markets and opportunities’.

The event attracted global brands, investors and business leaders, connecting them with Sri Lanka’s entrepreneurial community and was seen as laying the groundwork for long-term economic growth and collaboration.

Gaurav Marya, further said:

“We are thrilled to see such an enthusiastic and relevant audience in Sri Lanka. The energy in the room reflected the hunger for growth and the readiness of Sri Lanka’s entrepreneurs to embrace global brands and scale with purpose.”

Knowledgeable observers added: ‘Franchising offers a tested pathway for small and medium enterprises (SMEs) to grow sustainably. Through partnerships with established global brands, Sri Lankan entrepreneurs now have better access to proven business models, reducing startup risks and improving scalability. This promises to generate significant employment opportunities in sectors like hospitality, healthcare, retail, and education, thereby strengthening the social and economic fabric of the country.

“The forum also helped reinforce Sri Lanka’s strategic position as a gateway to South Asia. Highlighting the country’s growing consumer base, skilled workforce and improving business environment, the event attracted international attention, signaling Sri Lanka’s readiness to play a larger role in regional trade and investment flows.

“Support from respected organizations—including the Indo-Lanka Chamber of Commerce, ICC Sri Lanka, and FCCISL—helped foster new partnerships and cross-border collaboration opportunities. By encouraging foreign investment and knowledge-sharing, the forum is set to help Sri Lankan businesses become more competitive regionally and globally.

“Panels, workshops, and one-on-one business meetings equipped attendees with vital knowledge about franchising strategies and global business practices. The presence of industry experts offered Sri Lankan entrepreneurs valuable tools for success, promoting a culture of innovation and strategic growth.”

Reflecting on the broader significance of the event, Gaurav Marya added,

“Sri Lanka is clearly moving toward economic recovery. Despite global headwinds, including recent trade policy shifts, the Global Franchise Forum 2025 Sri Lanka Edition has helped catalyze timely conversations and build sustainable partnerships that support long-term economic development and resilience.”

By Ifham Nizam

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National Savings Bank appoints Ajith Akmeemana,Chief Financial Officer

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National Savings Bank (NSB) announces the appointment of Ajith Akmeemana as the Chief Financial Officer (CFO), effective immediately.

Ajith Akmeemana has nearly 35 years of experience in the financial services industry driving financial strategies and ensuring sustainable organizational growth and profitability.

He brings extensive experience in corporate planning, asset-liability management, treasury management and corporate finance activities, complemented by C-suit leadership roles at Nations Trust Bank and Bank of Maldives. His career commenced at Standard Chartered Bank, Sri Lanka, and includes a strong foundation in audit and advisory services at Ernest & Young.

Akmeemana is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka and holds an MBA from the University of Manchester, UK. He is also a Graduate Member of the Sri Lanka Institute of Directors and an Associate Member of the Institute of Bankers of Sri Lanka.

Commenting on his appointment, Akmeemana said, “It is an honor to join National Savings Bank, an institution with a strong legacy and an essential role in Sri Lanka’s financial sector. I look forward to supporting NSB’s mission and contributing to its continued growth and success.”

The Chairman, Board of Directors, GM/CEO, and the entire NSB team warmly welcome Akmeemana and are confident in his ability to lead the Bank’s financial operations in alignment with its strategic direction.

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SriLankan Airlines celebrates International Pilots’ Day

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SriLankan Airlines marked International Pilots’ Day on 26 April 2025 with a small gathering at its Flight Dispatch Centre at Bandaranaike International Airport. Pilots were presented with a special vehicle badge bearing the iconic winged emblem, in appreciation of their enduring dedication and flying spirit that keeps the world connected every day. The event, which treated guests to pilot-themed cupcakes, offered a moment to reflect on and celebrate the extraordinary efforts and sacrifices pilots make in bringing the world closer together.

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