Business
Over 11,000 low-income families receive emergency assistance through Red Cross partnership
The International Committee of the Red Cross (ICRC) and the Sri Lanka Red Cross Society (SLRCS) collaborated to provide emergency relief assistance to 11,850 vulnerable low-income families impacted by the economic crisis in Sri Lanka. The collaboration also supported the Sri Lankan healthcare system with a donation of essential medical supplies.
“Low-income families are facing the worst effects of the economic crisis. As part of our humanitarian response, the ICRC partnered with the SLRCS to address some of their urgent needs in these challenging times. During the economic crisis, the ICRC adapted its programmes to better serve the affected people in Sri Lanka,” said Head of the ICRC Delegation in Colombo, Séverine Chappaz.
Under the ICRC-SLRCS partnership, over 6,170 families received cash or cash vouchers (LKR 18,000 each) as emergency relief assistance, enabling them to meet their daily food and other essential needs up to a period of two weeks.
The families were selected from 12 districts in Sri Lanka (Ampara, Batticaloa, Galle, Jaffna, Kilinochchi, Mannar, Matara, Monaragala, Puttalam, Polonnaruwa, Trincomalee and Vavuniya), based on the food security assessment conducted at household level by the SLRCS, in consultation with relevant authorities. In addition, over 5,600 pregnant women and new mothers from 10 districts received supplemental nutrition packs through the ICRC-SLRCS partnership.
Director General of the Sri Lanka Red Cross Society, Dr. Mahesh Gunasekara added: “Sri Lanka is going through its most difficult period as a nation, and we, as the country’s largest humanitarian organisation, have stepped forward in support of our people to uplift their lives and bring them hope during this difficult period. The country’s majority are daily wage earners, and they were already recovering from the consequences of the global pandemic until the economic crisis knocked them down again. For nearly a century, SLRCS has been at the forefront of support and has provided them with the necessary assistance once again, and we will continue to do so through our initiatives to save them from the days of hunger and grief.”
The ICRC also collaborated with the SLRCS to help address the shortage of medical equipment and supplies as part of its joint humanitarian response to the economic crisis. A total of 10,000 blood bags, 77,300 oxygen masks, 9,000 paraffin compresses, 2,950 thoracic drains and 300,000 face masks were donated to the Ministry of Health. The donations will contribute to the strengthening of the healthcare system in Sri Lanka.
The ICRC-SLRCS humanitarian cooperation totaling nearly CHF 640,000 (USD 715,000) provided critical support to families affected by the economic crisis while assisting the Sri Lankan healthcare system. In the recent past, the ICRC and SLRCS have come together to address the consequences of humanitarian emergencies such as the COVID-19 pandemic. Humanitarian action in crises is guided by universal humanitarian principles that are central to the work of the International Red Cross and Red Crescent Movement, the largest humanitarian network in the world.
Business
Ambeon Securities hosts exclusive investor forum on Sri Lanka’s economic and market outlook
Ambeon Securities recently hosted an exclusive investor forum, bringing together clients, investors, business leaders, and market professionals for an insightful discussion on Sri Lanka’s economic outlook and investment opportunities amidst a challenging global landscape.
The event was organized with the objective of providing investors with valuable insights to make better-informed investment decisions while further strengthening the firm’s engagement with its growing client base.
The forum featured Baqar Zaidi, Director and Chief Economist for Sri Lanka and India at Citi Research, as the keynote speaker. Sharing his perspectives on the evolving global macroeconomic environment, Mr. Zaidi discussed key themes influencing emerging and frontier markets, Sri Lanka’s economic trajectory, and the opportunities lie ahead.
The keynote address was followed by an engaging panel discussion comprising Baqar Zaidi, Aravinda De Silva, respected investor, entrepreneur, and the Chairman of Arcasia Holdings. Hasitha Premaratne, Group Managing Director of Brandix and Asanka Herath, Chief Executive Officer – Unit Trusts and Head of Equities at LYNEAR Wealth Management.
Moderated by Imran Furkan, the panel explored a range of topics including Sri Lanka’s macroeconomic outlook, the future of the Colombo Stock Exchange, sectoral opportunities, capital allocation strategies, investor confidence, and the role of policy reforms in attracting investment and supporting long-term growth.
Speaking at the event, Charith Kamaladasa, Chief Executive Officer of Ambeon Securities, reaffirmed the company’s commitment to facilitate quality insights, informed perspectives, and meaningful dialogue to support their clients while building lasting relationships with them. He noted that in an environment where uncertainty has become the new normal, equipping investors with timely information and expert perspectives is essential for successful wealth creation.
The event was well attended by a distinguished gathering of institutional investors, high-net-worth investors, and business leaders. Among those present were members of the Ambeon Group Board, including Group Chairman Sujeewa Mudalige, Group CEO Dr. Sajeeva Narangoda, and Chairman of Ambeon Securities Mangala Boyagoda. Their presence, together with the participation of Ambeon Group shareholders and valued clients, enriched the discussions and contributed to a vibrant networking session, fostering meaningful dialogue and stronger connections within the investment community.
Through initiatives such as this, Ambeon Securities continues to reinforce its commitment to helping clients navigate evolving market conditions, make informed investment decisions, and achieve their long-term financial goals.
Business
Tata Group leads humanitarian education support initiative with DIMO and ChildFund
The Tata Group, in partnership with ChildFund and DIMO, has successfully implemented a humanitarian education support initiative for disaster-affected schoolchildren in Sri Lanka, reaffirming its commitment to helping communities recover from the impacts of Cyclone Ditwah and the subsequent floods.
Following a formal request for support from Sri Lanka, an on-ground assessment was conducted in December 2025. Recognizing the urgent need, several Tata companies joined forces to implement the response program.
As part of this initiative, the ‘Hope in a Backpack’ programme, which provides disaster-affected children with essential educational supplies, was launched by the Tata Group at Taj Samudra, Colombo, in the presence of the Chief Guest, Hon. Prime Minister Dr. Harini Amarasuriya; the Guest of Honour, Hon. Indian High Commissioner Santhosh Jha; Ranjith Pandithage, Chairman of DIMO; Chacko Thomas, Group Chief Sustainability Officer, Tata Sons; and Aditi Ghosh, Country Director, ChildFund.
This initiative is part of DIMO’s Social and Community Pillar, under the project theme ‘Lassana Hetak,’ which focuses on giving the future generation a helping hand towards a better future.
This collective effort was further strengthened by volunteers from Tata and DIMO, who actively mobilized on the ground to pack, distribute, and support affected communities. During the proceedings, specially invited schoolchildren received the backpacks with essential supplies as well.
Commenting on the partnership, Ranjith Pandithage, Chairman of DIMO, said: “DIMO is proud to collaborate on this meaningful initiative alongside the Tata Group and ChildFund as the local implementation and logistics partner. Our relationship with Tata spans more than six decades and has been built on a shared commitment to ethical business practices, trust, and creating lasting value for the communities we serve. These values have shaped our partnership over the years, extending beyond business to initiatives that make a meaningful difference in people’s lives.”
Business
NovaNest Properties launches Rainbow Apartments in Ratmalana
NovaNest Properties (Pvt) Ltd has officially launched Rainbow Apartments, a new residential development in Ratmalana. The announcement was made at an official launch event held at the Shangri-La Hotel, Colombo, marking the company’s latest addition to Sri Lanka’s growing apartment market.
The development is designed to cater to homebuyers seeking modern urban living, as well as investors looking for long-term value. Rainbow Apartments is located in Ratmalana, an area of increasing residential interest, and benefits from the suburb’s established social infrastructure, proximity to major transportation links, and accessibility to Colombo.
The project reflects NovaNest Properties’ commitment to delivering quality residential developments that combine contemporary design with practical living. Intended to satisfy the evolving lifestyle demands of today’s homeowners, Rainbow Apartments features thoughtfully designed living spaces supported by modern amenities. These include two infinity pools, a gym, fully functional workspaces, a mini theatre, stylish cafés, a mini-mart, and a children’s daycare. Additionally, it features a full time medical centre backed by Nawaloka Hospitals PLC Colombo, with a 24-hour ambulance service.
Commenting on the launch, the Chief Executive Officer of NovaNest Properties (Pvt) Ltd, Samitha Waidyasekera, said, “Today’s buyers are looking beyond square footage. In addition to providing long-term value, they want homes that are close to the places where they work, learn, and spend their time. With that shift in mind, Rainbow Apartments was created to bring together a strategic location, thoughtful design, and quality construction in a way that will continue to meet buyers’ needs for years to come. Through our promise of ‘Luxury Beyond Expectations,’ we are committed to delivering an elevated lifestyle experience that combines comfort, convenience, and modern living.
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