Business
Championing change: Chairman of coyle Rasith Wickramasinghe unveils the journey of Sri Lanka’s largest fmcg brand at Young Indians Summit

Inspiring the Next Generation of Changemakers
The prestigious Young Indians (Yi) Summit recently welcomed Rasith Wickramasinghe, Chairman COYLE and Group Director of Ceylon Biscuits Limited (CBL) as a speaker from Sri Lanka. In this captivating session, Wickramasinghe unraveled the untold story behind Sri Lanka’s largest Fast-Moving Consumer Goods (FMCG) brand, offering invaluable insights into market dynamics, consumer preferences, and the innovative approaches that shaped the company through the years.
The movement instils a spark in the youth, urging them to consistently add value, break barriers through innovative thinking, and lead with a purpose potent recipe for success. Yi’s overarching mission is to fortify India’s future by providing a stage and voice to the next generation of changemakers. It aspires to instill the power of leadership in young minds, nurture the youth entrepreneurial ecosystem, and foster youth-led transformations to build the nation.
Wickramasinghe further emphasized his strategic focus on two pivotal aspects: capacity building in people and capacity building in products. He elaborated on the intricate process involving value creation and value capture, where extensive efforts in Research and Development (R&D) are integral. Best industry practices and ethical corporate culture are fundamental to drive growth while instilling brand recognition among consumers
Rasith Wickramasinghe, takes immense pride in the representing the base of Sri Lankan Entrepreneurs along with COYLE. He consistently advocates for the concept of collective efforts, stating his leadership and vision reflect a commitment to fostering an entrepreneurial ecosystem that not only thrives within Sri Lanka but extends its impact globally.
Wickramasinghe’s participation as a Sri Lankan speaker at the Young Indians (Yi) Summit not only shed light on the success story behind Sri Lanka’s largest FMCG brand but also underscored the wave of youth-driven leadership, innovation, and sustainability taking place in Sri Lanka, shaping the future of its nation.
Business
ComBank unveils new Corporate Branch at Head Office

The Commercial Bank of Ceylon has transformed its iconic ‘Foreign Branch’ into the ‘Corporate Branch,’ reaffirming its commitment to delivering dedicated, comprehensive financial solutions to corporate and trade customers.
The Bank said this transformation represents a new milestone in its illustrious journey, and resonates with the rich commercial heritage of Colombo, a city that has long served as a vital trading hub in the region.
Strategically located at the Bank’s Head Office at Commercial House, 21, Sir Razeek Fareed Mawatha (Bristol Street), Colombo 1, this rebranded Corporate Branch stands as a first of its kind in Sri Lanka —a premier financial hub tailored exclusively to the needs of corporate customers, the Bank said. The transformation aligns with the Bank’s vision of providing unparalleled service excellence, bespoke financial solutions, and fostering long-term business partnerships.
Commenting on this strategic initiative, Commercial Bank’s Managing Director/CEO Sanath Manatunge stated: “It is our aspiration that just as the historic Delft Gateway, at which our Head Office is located, once opened the path to the Dutch Fort, our Corporate Branch will chart a new era of enduring and prosperous business collaborations, that will extend beyond Sri Lanka’s shores.”
Business
Fits Retail and Abans PLC Unveil Exclusive DeLonghi Premium Coffee Experience

Fits Retail has partnered with retail giant Abans PLC to showcase the iconic DeLonghi coffee machines at two of Colombo’s most prestigious locations: Abans Elite Colombo 3 and Abans Havelock City Mall showrooms.
At these dedicated demonstration zones, visitors can discover the unparalleled precision engineering and user-friendly technology that have made DeLonghi machines the preferred choice for discerning coffee lovers in more than 46 countries worldwide. Renowned for consistently delivering café-quality espresso, cappuccino, and even specialty cold brews, DeLonghi machines exemplify Italian innovation at its finest.
Yasas Kodituwakku, CEO of Fits Retail, expressed excitement about the collaboration: “This partnership represents our unwavering commitment to bringing global coffee excellence to Sri Lankan connoisseurs. With Abans PLC, we’re creating more than just demonstration spaces; we’re curating premium destinations for an authentic coffee experience.”
“As pioneers of premium lifestyle experiences in Sri Lanka, our collaboration with Fits Retail aligns seamlessly with our vision of elevating everyday moments into exceptional experiences,” said Tanaz Pestonjee, Director Business Development at Abans PLC.
Business
Members’ Night of the Sri Lanka – Russia Business Council of The Ceylon Chamber of Commerce

The Sri Lanka-Russia Business Council (SLRBC) of The Ceylon Chamber of Commerce (CCC) hosted a Members’ Night on March 27, at the Sophia Colombo City Hotel. The event, attended by His Excellency Levan S. Dzhagaryan, Ambassador of Russia to Sri Lanka, offered a valuable platform for business leaders, embassy officials, and Members to discuss and explore opportunities for deeper Sri Lanka-Russia collaboration, a CCC news release said.
SLRBC President, Mr. Jude Fernando, kicked off the evening with a speech highlighting the importance of strengthening international ties, which was followed by H.E. Dzhagaryan’s address on the need for continued engagement between the two countries. The event featured networking opportunities, allowing Members to connect with key stakeholders and discuss future business ventures, followed by a delightful dinner.
The event was made possible with the generous support of sponsors, including OCEAN 7 Logistics (Pvt) Ltd, Bally/Walkers Tours, Fibre cement associations, Ceylon Fresh Teas, SCANWELL Logistics, Regency Teas, Shan Teas, and others, whose contributions were key to its success.
The SLRBC is committed to further facilitating trade and cultural exchange between Sri Lanka and Russia, continuing to foster stronger business relationships.
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