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COYLE monthly meeting endeavours to strengthen Sri Lanka-Bangladesh ties and drive growth

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Left to Right Thushira Raddella – Senior Vice Chairman- Tareq Md Ariful Islam - High Commissioner of Bangladesh to Sri Lanka- Rasith Wickramasingha – Chairman-Manjula Wijesundera – Vice Chairman- Indunil Ukwatte – Secretary General / CEO

COYLE (Chamber of Young Lankan Entrepreneurs) held its most recent general meeting on the 1st of June 2023. The focus of this month’s meeting was to discuss collaborative efforts between Sri Lanka and Bangladesh that could foster stronger ties and drive growth in both nations.

A keynote lecture was delivered by Tareq Md Ariful Islam, the High Commissioner of Bangladesh to Sri Lanka, shedding light on the enduring relationship between the two countries and the potential for mutual success. Recognizing the success Bangladesh has had post its own political and economic crisis many years ago, COYLE seeks to inspire our own country to work toward reforms in its business environment to resemble a similar ease of doing business environment to Sri Lanka through diplomatic and commercial collaboration.

COYLE member companies such as Ceylon Biscuits Limited, Laughs Gas, Vision Care, BuildMart Lanka, Brief Garden and Sirroco Air Technology expressed their journey of initiating and executing their past ventures in Bangladesh. While sharing the individual experiences of these companies it was commonly noted that the ease of doing business during the stages of entry as well as execution was at the forefront of their success. The drastic improvement that has taken place in infrastructure, progressive taxation and labour reforms over the last two decades has benefited even Sri Lankan companies who have ventured into the Bangladesh platform.

The meeting also shed light on the diverse range of sectors in Bangladesh that offer promising prospects for collaborative ventures, including renewable energy, FMCG, financial services, wealth management, packaging, healthcare, construction, agro-industry, pharmaceuticals, tourism, logistics, IT, and light engineering.



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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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SLT-MOBITEL Enterprise launches Premium Cloud

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Riyaaz Rasheed, CEO, SLT-MOBITEL, and Faiz Shakir, VP Sales – Nutanix, Southern Asia, unveil SLT-MOBITEL Enterprise Premium Cloud Powered by Nutanix to support enterprise digital transformation

SLT-MOBITEL Enterprise, the enterprise services arm of Sri Lanka Telecom PLC, has launched its Premium Cloud service powered by Nutanix, aimed at helping Sri Lankan businesses modernise their IT infrastructure and accelerate digital transformation.

The service was unveiled at the Lanka Tech Summit 2026 held recently at ITC Ratnadipa, Colombo.

The Premium Cloud combines hybrid multi-cloud capabilities with enterprise-grade performance, enabling businesses to run mission-critical workloads, scale cloud deployments and strengthen business continuity through disaster recovery capabilities.

Hosted on SLT-MOBITEL’s Tier III data centre infrastructure, the platform is designed to provide enhanced security, reliability and flexibility while supporting the growing technology requirements of enterprises.

SLT-MOBITEL Enterprise said the platform would also support organisations seeking to adopt AI-ready capabilities and improve the management and performance of IT workloads.

A key feature of the launch was SLT-MOBITEL Enterprise joining the Nutanix Elevate Service Provider Program (NESPP), which the company said made it the first service provider in the region to join the programme.

Powered by Nutanix’s hybrid multicloud platform, the service enables application and data mobility across on-premises environments, public clouds and edge locations.

The company said the partnership combined Nutanix’s cloud technology with SLT-MOBITEL’s local expertise and support, strengthening its multi-cloud portfolio.

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