Business
Litro Gas chairman awarded ‘ceo of the Year’
Sri Lanka’s national provider of LPG, Litro Gas Lanka Limited was showcased on the international stage when its chairman and CEO, Anil Koswatte was awarded the ‘CEO of the Year’ at the Sri Lanka Best Employer Brand Awards 2020 hosted by the World HRD Congress.
For the 15th consecutive year, The Sri Lanka Best Employer Brand Awards has recognized and feted industry leaders for their exceptional leadership in empowering key stakeholders of their respective companies and the community.
One of the biggest HR award ceremonies in the world acknowledging dynamic business leaders across diverse sectors, the Sri Lanka Best Employer Brand Awards were made on criteria set out by HR professionals and evaluated on core specialties and strengths within the HR sphere.
The award Ceremony was held virtually on November 24, due to the current global COVID-19 pandemic conditions.
Commenting on the Award, chairman and CEO of Litro Gas Lanka Limited, Anil Koswatte states that this award echoes the commitment and dedication of the management and employees at Litro Gas Lanka Limited, whose contribution towards the company’s success, made it all possible.
“The Litro Gas Lanka team is powered by the support of our customers who make everything a possibility for us, our channel partners and our key stakeholders. As a customer centric company, our focus is enhancing and improving the level of service and the product portfolio we deliver to our customers, thereby strengthening our core competencies as the industry leader.”
He further added that the company takes pride in being aligned with the government’s National Policy Framework, ‘Vistas of Prosperity & Splendour’ (Saubhagyaye Dakma) in providing economic benefits to the people.
Several other key awards under various categories and segments were presented to leading Sri Lankan companies and their personnel, highlighting the impact made by Sri Lankan HR professionals in their respective industries.
As the island’s leading provider of LPG, Litro Gas has consistently undertaken a national enterprise of keeping over 04 million Sri Lankan homes supplied with cooking energy, while ensuring the supply of LPG to industrial operations and business entities across various sectors.
The COVID-19 pandemic has seen the Company contribute tremendously towards the economic upliftment of the people by mitigating rising global prices of LPG and maintaining lower prices for consumers thereby passing on a great economic benefit.
The combined efforts of the Litro Gas team and their exceptional dedication during the COVID-19 lockdown was globally recognized with the Argus/WLPGA Award for COVID-19 Resilience presented at the prestigious LPG industry Awards held recently.
The Company operates a wide reach of over 13,000 points-of-sale, 1,500 home delivery hubs and a network of 37 distributors, Litro Gas maintains a dynamic presence that combines with a seamless service of supply throughout the island.
In addition, the Company’s state of the art storage and filling facility at Kerawalapitiya is recognized as one of Asia’s largest filling plants. Litro Gas operates a cylinder refurbishment, cylinder requalification and bulk customer LPG delivery hub in Mabima, Sapugaskanda. The Company also manages a storage facility in Hambantota, giving it an edge in managing an efficient system of LPG delivery across the country.
With a market share of 76% , the Company generates a turnover of Rs 45 billion and operates in a unique position as a State Owned Enterprise enriched with a multinational heritage.
Business
People’s Bank drives push towards cash-lite economy
Marking a significant milestone in Sri Lanka’s digital transformation journey, the National QR Payment Adoption Programme was recently launched with the objective of accelerating the country’s transition towards a cash-lite economy. The initiative aims to reduce reliance on physical currency by promoting the widespread use of QR-based digital payments, enabling individuals and businesses to conduct fast, secure and convenient transactions via mobile devices, said a release from the People’s Bank.
It said: As a leader in digital banking, People’s Bank proudly aligns with this landmark national initiative, reinforcing its commitment to building a digitally empowered economy. The Bank supports the programme through its flagship digital wallet “People’s Pay”, which offers a seamless platform for QR-based transactions and a range of everyday financial services.
In line with the programme’s objectives, customers can perform QR transactions without incurring additional charges, while merchants benefit from zero fees on transactions up to Rs. 5,000. To further encourage adoption, valuable gifts will be awarded to selected winners among LANKAQR users, enhancing engagement and promoting digital payment usage across the country.
People’s Bank’s participation reflects its ongoing digital transformation strategy, which has evolved beyond traditional online banking to deliver an integrated, lifestyle-oriented financial ecosystem. The Bank continues to set industry benchmarks by offering secure, efficient and user-friendly digital platforms, ensuring customers have uninterrupted access to banking services anytime, anywhere.
At the heart of this initiative is People’s Pay, a sophisticated digital wallet designed to streamline everyday financial transactions while catering to the evolving needs of the modern consumer. The application features a seamless self-registration process, comprehensive tri-language support, and secure storage of payment details, ensuring both convenience and security for users.
In addition, the People’s Pay app enables customers to make real-time bill payments and QR-based transactions with exceptional ease and efficiency. The facility to link multiple bank accounts further enhances flexibility and convenience, while the transaction limit provides users with greater financial control and improved security.
In a strategic move to bolster the national QR adoption program, the People’s Pay app now facilitates Peer-to-Peer (P2P) QR transfers. This functionality allows users to generate both static and dynamic QR codes, enabling efficient transactions without the need to disclose sensitive account information.
The National QR Payment Adoption Programme represents a critical step in advancing Sri Lanka’s digital payments landscape. By fostering fast, secure and transparent transaction methods, the initiative aims to ensure inclusive participation in the digital economy, empowering citizens across all regions and communities.
Business
ANC Campus and Adelaide University launch new Australian study pathway for Lankan students
ANC Campus has announced the launch of a formal articulation partnership with Adelaide University at Cinnamon Lakeside, Colombo, creating a clear progression pathway for Sri Lankan students seeking an Australian university degree.
Through this pathway, students can begin their university-level studies at ANC Campus in Sri Lanka before progressing to Adelaide University in Australia, subject to the relevant academic, English language, and entry requirements. By completing the first year through ANC’s Australian Diploma pathway in Sri Lanka, students can significantly reduce the overall cost of their Australian education journey, with estimated first-year savings of up to LKR 13 million when tuition and living expenses are considered.
The launch was attended by representatives of ANC Campus, Adelaide University, and the Australian Trade and Investment Commission (Austrade), alongside members of the media, students, parents, and invited guests. Austrade’s presence highlighted the continued importance of Australia-Sri Lanka education links.
Speaking at the launch, Dayan D. L. Fernando, Chief Executive Officer of ANC Campus, said the partnership gives Sri Lankan students a credible and well-supported route into Australian higher education.
“For over two decades, ANC has worked with international university partners to help Sri Lankan students begin their global education journey with the right academic preparation and guidance. This partnership with Adelaide University gives students a clearer route to an Australian degree and gives parents greater confidence in the pathway their children are choosing,” he said.
Fernando added that international education is one of the most important decisions a family makes, and proper guidance is essential.
“At ANC, our responsibility is to guide students correctly. We must help them understand the pathway, the requirements, the destination, and the opportunities ahead. ANC prepares students for the highest likelihood of success.
Business
Union Assurance honours new batch of certified financial advisers
Union Assurance PLC, Sri Lanka’s longest-standing private Life Insurer, recently hosted the SLIM Certified Financial Adviser Graduation Ceremony at its Head Office premises, recognising 38 professionals who successfully completed the programme, a milestone that reflects the company’s focus on building a highly capable and accredited sales force.
The Certified Financial Adviser programme, delivered in partnership with the Sri Lanka Institute of Marketing (SLIM), the National Body of Marketing in Sri Lanka, which was designed to elevate the expertise of the company’s high performing adviser force. Spanning 11 comprehensive modules covering areas such as Advanced Consultative Selling Skills, Negotiation Mastery, Digital Prospecting Techniques, and Emotional Resilience in Sales, participants underwent a rigorous learning journey that concluded with a formal assignment, bringing the full cohort to completion.
The programme reflects Union Assurance’s commitment to ensuring its advisers are positioned to serve customers with confidence, credibility, and genuine understanding of their needs; values that are central to the company’s purpose of protecting what matters most. The SLIM qualification also opens a structured educational pathway for graduates, with opportunities to advance through further nationally recognised certifications.
Speaking at the ceremony, Chief Agency Officer at Union Assurance, Imtiyaz Aniff stated: “We are pleased to recognise the dedication of our people who committed to this programme alongside their core responsibilities. The SLIM certification equips our advisers with the skills and credentials to serve our customers at a higher standard, and that directly supports the quality of advice we deliver. We look forward to seeing this cohort carry forward what they have learned and continue to grow in their careers.”
Union Assurance is a subsidiary of John Keells Holdings PLC (JKH), the largest conglomerate listed on the Colombo Stock Exchange, operating with over 80 companies in 7 diverse industry sectors. The Company has completed nearly four decades of success with a Market Capitalisation of Rs. 45.6 Bn and a Life Fund of Rs. 92.8 Bn as of end December 2025. Set to protect lives and enrich the well-being of all Sri Lankans, Union Assurance offers Life Insurance solutions that cover the health, investment, protection, retirement and education needs of Sri Lankans. With an island-wide branch network and a workforce that is over 3000-strong, Union Assurance continues to invest in people, products and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry.
-
News4 days agoMIT expert warns of catastrophic consequences of USD 2.5 mn Treasury heist
-
News6 days agoCJ urged to inquire into AKD’s remarks on May 25 court verdict
-
News7 days agoUSD 3.7 bn H’tota refinery: China won’t launch project without bigger local market share
-
Editorial4 days agoClean Sri Lanka and dirty politics
-
News23 hours agoLanka Port City officials to meet investors in Dubai
-
Editorial7 days agoDeliver or perish
-
Opinion6 days agoSecurity, perception, and trust: Sri Lanka’s delicate balancing act
-
News2 days agoSLPP expresses concern over death of former SriLankan CEO
