Business
Hayleys honours talented stars at 10th annual Chairman’s Awards
Celebrates employees for enduring legacy of winning amid adversity
Celebrating a decade of excellence in innovation, Hayleys PLC hosted its 10th annual Chairman’s Awards to recognise the inspiring achievements and initiatives of its teams across 16 diverse business sectors, a company news release said.A total of 205 employees from 25 project teams were felicitated at the diversified conglomerate’s apex recognition platform. Projects included value-added export innovations that continued to drive foreign exchange earnings, cutting-edge digital transformations from raw material supply chains to robotic process automation, and ground-breaking, unique solutions to diverse industry challenges.
“The Hayleys Chairman’s Awards began in 2012 with the intention of building a culture of excellence and recognition across our diversified conglomerate, and is today a highly anticipated hallmark of our corporate culture.
“As a Sri Lankan corporate with 145 years of heritage, we are no stranger to periods of immense challenge. It has been the enduring passion of our people – our greatest asset – that has helped us successfully navigate through the ages to overcome tremendous adversity. This year’s award-winning projects demonstrate the resilience and relentless spirit of our talented employees to create value for our diverse stakeholders,” Hayleys Chairman and Chief Executive, Mohan Pandithage said.

Talawakelle Tea Estates’ Green Leaf Zip Line – Elevating Work Life and Reducing Emissions
A new series of Category Awards recognised top initiatives across Environmental, Social and Governance (ESG), Innovation, Quality and Lean Management and Service Excellence. Dipped Products PLC (DPL) received the flagship Overall Winner Award for launching patented hand-protection solutions designed with five unique technological platforms for six export markets. Backed by deep customer insights from clients all over the world, DPL delivered a superior solution to differentiate its value propositions in the competitive, global nitrile glove market. The team’s in-house engineering team was also recognised with the Innovation Category Award for their ground-breaking ‘fully integrated robot dipping automation’, created within a limited space.
Talawakelle Tea Estates PLC (TTEL) was acknowledged as the Quality and Lean Management Category Award-winner for its ‘Eco-friendly green zip line’ project. The novel idea was implemented during fuel shortages and escalating prices, to transport fresh leaves to the factory. The initiative resulted in a decrease in emissions anchored to a significant decrease in transportation costs, and has supported a better work-life balance for the team on-ground.
The Group’s leading consumer brand, Singer (Sri Lanka) PLC, won the Service Excellence Category Award for meeting the surge in consumer demand for ‘work-play-and-study-from-home’ solutions during the pandemic. Singer not only successfully met the demands from the work-from-home front but captured the hearts of gamers in Sri Lanka with the biggest and most watched gaming tournament – the Singer Esports Premier League as well.
Hayleys Fabric was recognised as the ESG Award-winner for its efforts to restore the Lagenandra Kalugalaensis, a critically endangered plant species, endemic to a single location on the periphery of the Kalugala Forest Reserve. The collaborative initiative with the Central Environmental Authority (CEA) and the Universities of Peradeniya and Wayamba seeks to conserve the rare aquatic plant from extinction through field research and seed germination.
On this night, employees also had the chance to showcase their hidden talents on stage through four entertaining segments. These included a live instrumental band, group and solo singing, and a fashion show exclusively designed by Hayleys Fabric, featuring garments made out of ocean waste (recycled nylon) and PET bottles (recycled polyester).
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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