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LAN and Ladies’ College partner for the school’s ‘Building Future Leaders’ program

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LAN Chairperson Chandi Dharmaratne and Ladies College Principal Deepika Dassanaike

The Lankan Angel Network (LAN) recently partnered with Ladies’ College, Colombo for the school’s innovative “Building Future Leaders” program. This is Sri Lanka’s first structured initiative to bring in corporate leaders, business professionals, and partners from various industry and corporate bodies, to share their experience and impart important skills which will enable the future success of these secondary school students who are at a pivotal point in their lives.

Initiated and driven by Ladies’ College Colombo, with LAN providing access to its network and expertise; “Building Future Leaders” highlights the importance of a holistic education and life skills, along with business networking, to better educate students about the new horizons available to them in terms of career opportunities within both traditional and non-traditional fields.

LAN, in collaboration with its distinguished partners Ceylon Chamber of Commerce (CCC), American Chamber of Commerce in Sri Lanka (AMCHAM), Great Places to Work (GPTW), AICPA & CIMA, additionally delivered mentoring and professional support, including offering up some highly sought after speakers, for this program.

“Shaping our future is best achieved by giving our young students every opportunity to redefine their lives by equipping them to make passionate and unique contributions that rely on creativity, courage, confidence and integrity,” opined Ms. Deepika Dassanaike, Principal of Ladies’ College Colombo. She also noted; “The ‘Building Future Leaders’ program at Ladies’ College is proving to be invaluable since it not only encourages our students to ruminate on their true potential, but it also enlightens them to a number of futuristic career paths.

Beyond that, our students have also been emboldened as a result of the program bringing in a variety of inspiring and highly successful Sri Lankan leaders from multiple fields. We are not just helping them prepare for a bright and constructive future ahead, but also equipping them with both professional and entrepreneurial skills; making their overall education prior to leaving school a truly holistic, all-encompassing experience.”

Professor Malik Ranasinghe, Chairperson of People Development Committee of Ceylon Chamber of Commerce commenting on the program said, “We are passionate about building an employable pool of future talent in Sri Lanka and we are positive that this change must start in an early stage and hence this program was initiated”.

Positive feedback about the program piloted at Ladies’ College Colombo has given LAN and its partners the confidence to explore deploying this holistic career development program at other secondary schools. Attempts to further integrate programs like these into the national school curriculums, at earlier levels, will help build the foundations of leadership into Sri Lankan society. It is also hoped that such programs will prove critical for children to experience first-hand the many different varieties of career opportunities available to them, paving the way for a brighter future. And by pushing for its adoption within the national educational system in the near future, these initiatives will help ensure that no child is left behind due to a lack of opportunity.

Commenting on the “Building Future Leaders” program, LAN Chairperson & Axiata Digital Labs Chief Peoples Officer Ms. Chandi Dharmaratne emphasized the program’s focus on holistic education, as well as its offered invaluable exposure to industry experts and leaders. “We celebrate the success of the Building Future Leaders program at Ladies College Colombo, spearheaded by Professor Malik Ranasinghe – Ceylon Chamber of Commerce and the Lankan Angel Network. This initiative has provided students with the unique opportunity to explore various industries, professions, competencies, and skills, allowing them to make informed decisions about their future pursuits. Through interactive sessions and expert-led discussions, the program has equipped students with valuable insights and networking opportunities, empowering them to confidently embark on their chosen paths.”

Ms. Dharmaratne further highlighted the program’s focus on networking and fostering connections, empowering students to become well-informed about industry requirements. And she also added that by developing essential skills and competencies necessary to overcome entry barriers in their chosen fields, the program has laid a strong foundation for students’ professional journeys with a bright promise for their future.

A platform for angel and private investors who invest in high-growth early-stage Sri Lankan ventures with the goal of creating an impact by reducing inequality, LAN, in addition to being led by a woman, features four other female board members and patrons, which is significantly more than in other Sri Lankan corporates. Supporting trailblazing programs such as the “Building Future Leaders” series, at Ladies’ College Colombo, strongly aligns with LAN’s own ongoing commitment to empowering Sri Lanka’s Women Entrepreneurs.

“It was truly a privilege and honour to work with Ms. Chandi Dharmaratne who, upon our invitation, has brought to this program a vision, as well as the involvement of a high calibre of professionals, that have inspired our girls,” said Ms. Taanya Tranchell, Career Guidance Counsellor at Ladies’ College Colombo.

Additionally, she commented; “I am also deeply grateful to Ms. Thinushka Gunasekara who came onboard to support this project and worked hard to give our students this opportunity. At a time when young people have to really work hard to find their way in the world, the knowledge and exposure the ‘Building Future Leaders’ program gave them is definitely a huge boost to their future! I hope many more schools will introduce this program as a catalyst to enriching their students with key life skills and knowledge before releasing them into the world!”



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ADB approves $100 million loan to boost skills development and jobs for youth in Sri Lanka

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The Asian Development Bank (ADB) has approved a $100 million results-based loan to help Sri Lanka transform its technical and vocational education and training (TVET) system, equip more young people with industry-relevant skills, and strengthen the country’s competitiveness and inclusive growth.

The Skills Development System Transformation Program will support the Government of Sri Lanka’s efforts in improving the quality and relevance of skills training, strengthening links between training providers and industries, and expanding employment opportunities for youth. The program will increase women’s employment opportunities in nontraditional jobs in fields including automotive technology, engineering, information and communications technology, construction, and renewable energy.

“A skilled workforce is essential to Sri Lanka’s long-term economic transformation and competitiveness,” said ADB Country Director for Sri Lanka Shannon Cowlin. “This program will help create stronger pathways from education to employment by making training more responsive to industry needs, expanding opportunities for young people and women, and ensuring that graduates have the skills required by a modern and evolving economy.”

Though Sri Lanka’s economy is recovering, it faces skills shortages in priority sectors, high youth unemployment, and low female labor force participation. Many employers report difficulty finding workers with the skills needed in a changing economy.

Aligned with the Government of Sri Lanka’s Technical and Vocational Education and Training Sector Strategic Framework 2026–2035, the nationwide program will be implemented from 2027 to 2031 and is expected to directly benefit more than 100,000 young people through improved access to quality, employment-oriented training.

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USD 40.84m pipeline to secure aviation fuel supplies to BIA

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By Ifham Nizam

The government has cleared a USD 40.84 million and Rs. 8,548.75 million contract to build a dedicated aviation fuel pipeline from Muthurajawela to Bandaranaike International Airport (BIA), alongside a massive new fuel storage facility with a capacity of 92,000 cubic metres.

Energy Minister Anura Karunatilaka said the project represented a major investment in strengthening the infrastructure underpinning Sri Lanka’s aviation fuel supply and ensuring more reliable fuel availability at the country’s main international airport.

‘This project will provide the infrastructure required to strengthen the reliability and continuity of aviation fuel supplies to Bandaranaike International Airport, Karunatilaka said.

The contract has been awarded to China Petroleum Pipeline Engineering Company Limited, following an international competitive procurement process in which three bids were received.

The project will see a new aviation fuel storage tank complex constructed at Muthurajawela, together with the associated infrastructure required for handling and transferring aviation fuel.

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CSE activity up, turnover weak at Rs. 1.4 billion

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By Hiran H Senewiratne 

Trading activity on the Colombo Stock Exchange (CSE) gathered pace yesterday as global fuel prices began to show signs of easing, according to market analysts.In this context, both indices moved upwards. All Share Price Index up by 67.97 points while S and P SL20 up by 8.30 points.

Turnover stood at Rs 1.4 billion with seven crossings. Those crossings were reported in Sampath Bank 1.7 million shares crossed to the tune of Rs 238 million and its share price traded at Rs 140, Access Engineering two million shares crossed to the tune of Rs 159 million and its share price traded at Rs 79.50, LOLC one million shares crossed to the tune of Rs 129 million and its share price traded at Rs 129, HNB 100,000 shares crossed to the tune of Rs 38.4 million and its share price traded at Rs 384, JKH 1.9 million shares crossed to the tune of Rs 35 million and its share price traded at Rs 18.60, Hayleys 100,000 shares crossed to the tune of Rs 22.50 million and its share price traded at Rs 225 and Richard Pieris 847,000 shares crossed to the tune of Rs 22 million and its share price traded at Rs 25.50.

In the retail market top seven companies that have mainly contributed to the turnover were Sampath Bank Rs 114 million (813,000 shares traded), JKH Rs 100 million (5.3 million shares traded) LB Finance Rs 49 million (325,000 shares traded), HNB Finance Rs 30 million (27 million shares traded), HNB Rs 27 million (70000 shares traded), NTB Rs 25 million (82000 shares traded ) and Lanka IOC Rs 21 million (666,000 shares traded). During the day 65 million shares volumes changed hands in 10433 transactions.

The Banking and manufacturing sector counters performed well.  In the banking sector Sampath Bank let the market while manufacturing sector especially JKH also significantly performed well. With the fuel revision Land IOC also a significant stock at the floor.

Meanwhile, First Capital Treasuries said that Ramesh Schaffter resigned as a Non-Independent Non-Executive Director with effect from October 1, to facilitate the restructuring of the company’s board.

Yesterday the Central Bank announced the US Dollar rate as against rupee. The rupee was quoted flat at Rs 330.65/80 to the US dollar in the spot market , while bond yields dropped, dealers said.

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