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We will carry out development that the Opposition carried out over five years within just next year – State Minister Nimal Lanza

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Nimal Lanza, State Minister for Rural Roads and Other Infrastructure said, ‘We will carry out the development the Opposition has done for the past five years within the next year.’

State Minister, Nimal Lanza expressed these views while participating in the carpeting and development work of the Katana Madawala Arambe road.

Simultaneously, the development work of Katana Katiyala Gama Meda Road, Batapattala Samagi Mawatha, Raddolugama Kridapitiya Roundabout and Kimbulapitiya Werella Roads was started by carpeting. Under this program, a distance of 5 km of rural roads will be developed at an estimated cost of Rs. 98 million.

Speaking further State Minister, Nimal Lanza said,

‘Development of all AB and CD grade roads in Sri Lanka will be completed next year. According to the instructions given by His Excellency President Gotabhaya Rajapaksa, the development of 100,000 km of rural roads is expected to be completed by 2024. Our goal is to carpet and develop at least 25,000 km next year.

‘The Opposition is in Colombo, in AC rooms and issuing statements without going to the village. We have implemented development activities in every Grama Niladhari Division. Necessary programs have been implemented to provide the people with the necessary infrastructure including roads, electricity, drinking water and housing.

‘We will fulfill the promises made to the people in the manifesto of policies given by vision for prosperity by His Execellency Gotabhaya Rajapaksha as well as the promises made to the people in this budget. This time we passed the first budget for that.

‘No cure has been found for the Covid 19 epidemic. Even in England the vaccine has been found to have side effects. In such a situation, when someone in Sri Lanka invents something new, there are those in the Opposition who are reluctant to recognize it. We need to find out if those things are good or bad. Otherwise, it is not necessary to condemn local products or doctors. At a time when the world is working to find a vaccine for this, if anyone in Sri Lanka finds something, they should support it.’



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Business

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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