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SL needs to spend smartly on its youngest children – UNICEF Rep. to SL

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Christian Skoog (2nd from left) with UNICEF Youth Advocates.

By Ifham Nizam

Sri Lanka needs to spend smartly on and invest in the youngest children to ensure the highest returns to the country from such endeavours, UNICEF Representative to Sri Lanka, Christian Skoog said.

Speaking to the media on Nov. 20th on the occasion of the anniversary of the UN Convention on the Rights of the Child in Colombo, Skoog said that evidence from child development and efficiency in public expenditures shows the importance of the earliest years of children, with the first 1,000 days in a child’s life providing an unprecedented opportunity to support physical and cognitive growth.

“Child benefits are an evidence-based and scalable policy that prevents poverty and supports child health, nutrition and education outcomes. They can be progressively implemented, starting from programmes, such as, the pregnancy voucher for pregnant and lactating women, he added.

Skoog stressed that Sri Lanka needs to take urgent steps to strengthen Foundational Learning now as a core base of human capital development for future socio-economic development. He said that evidence shows that as little as USD 10 to USD 15 can provide a child with remedial education and strengthen education systems to help ensure every child learns critical foundational skills.

Speaking to The Island Financial Review, he said that they are constantly in touch with the Justice Ministry, Education Ministry and other stake holders to change age old laws for the betterment of children’s rights.

Skoog added: ‘According to recent data on Child Multidimensional Poverty in Sri Lanka, more than four out of every ten (42.2 per cent) children under 5 years are deprived or live in a household deprived of two or more basic rights related to health, education, adequate living standards, or early childhood development.

‘As per the national assessment conducted by the Ministry of Education in 2021-2022, only 14% of Grade 3 students reached all essential learning competencies in literacy. In numeracy, it was 15%. Yet these competencies form the foundation on which children build their knowledge and different skills for the future.

‘Across Sri Lanka, there over 10,000 children in institutional care and detention, living in conditions that fall far short of what they need, to develop to their full potential. Over 90% of these children have a family to go to and with the right support could return home.’



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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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