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USJ Finance Alumni Association appoints inaugural committee

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The inaugural Annual General Meeting (AGM) of the Finance Alumni Association (FAA) of Department of Finance at University of Sri Jayewardenepura (USJ) was held on the 23rd of February 2023. The event took place at the New Board Room of the Faculty of Management Studies and Commerce, with the presence of academic staff and members both physically and online.

The Dean of the Faculty, Prof. P.D. Nimal graced the gathering stating that the collaborations between the industry and the University would add broader knowledge and value to the degree program, and thereby the industry in time to come.

Professor Wasantha Perera, the Advisor of Finance Alumni Association, thanked the attendees for forming the association. He also explained the value of serving society through individual collaboration and how collective development could benefit current and former undergraduates.

The Association ceremoniously welcomed the president of the Association, Nuwan Wickramasinghe for the term 2023-2024. He addressed the gathering and thanked the members for appointing him and further mentioned his plans to work along with the executive committee to uplift the skills of the undergraduates whilst providing them platforms to grow and groom themselves for the corporate world, thereby becoming invaluable members of the industry to pay dividends to the country as well as the world in future. He highlighted the objectives of FAA including collective professional development, knowledge sharing, recognition of professionalism, and networking.

He further stated that, during his term, he would take measures to enhance the networking and engagement among members by providing member benefits and recognition.

Prof. Chandana Gunathilaka, Head of the Department of Finance, expressed his gratitude to the members of the alumnus for taking the initiative to form the body, which would bring a diverse range of knowledge and insights to the degree program. He extended his wishes to the newly appointed team to create a legacy that would redefine the finance arm of the university and the country.

The following office bearers were appointed at the AGM for 2023-2024.

Professor Wasantha Perera (Advisor), Nuwan Wickramasinghe (President), Nilakshika Madhushani (Secretary), Pasan Illangaratne (Treasurer), Ajiran Bandara (Vice President), Zaina Sallay (Assistant Secretary) and Hansini Palihawadana (Assistant Treasurer).

In addition, the below mentioned Committee members were appointed for the term 2023-2024.

Asanka Jayasekara, Tharinda Jayawardena, Rasanja Perera, Maneesha Jayawardena, Gayan Jayasundara, Dimuth Jayawardena, Muditha Rajapaksha and Randula Hewage.



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.

The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.

Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.

The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.

The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.

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CEAT Kelani retains AA+ rating for sixth year

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CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.

The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.

Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.

The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.

Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.

The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.

CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.

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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.

Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.

The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.

Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.

The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.

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