Business
Sri Lanka’s organic food in high demand in UK – H.C. Andrew Patrick
By Hiran H. Senewiratne
Sri Lanka could easily export organic food, ayurvedic products and pet food to the UK market, where there is a huge demand for them, British High Commissioner to Sri Lanka Andrew Patrick said.
‘We are quite confident with the government and it must mainly focus on the growth of the economy and national security for the wellbeing of the country. If Sri Lanka focuses on exporting the mentioned products, it would be helpful to maintain the balance of trade between two countries, High Commissioner Patrick said as a guest speaker at a Rotary International joint meeting held at the Hilton recently.
The event was organised by four Rotary Clubs, namely, Rotary Club Colombo Fort , Rotary Club Colombo South, Rotary Club Colombo Midcity and Rotary Club Colombo North. Rotary International District Governor Sushena Ranathunga also attended the event.
High Commissioner Patrick added: ‘Sri Lanka has achieved some economic stability and growth during the last few years, mainly after the 2022-23 economic crisis. But Sri Lanka could see a bright future for itself with its strategic location and close proximity to South India, which is a region growing rapidly.
‘At this juncture Sri Lanka should boost its trade relationship with the UK because Sri Lanka is important for the UK as it is located in the busiest of international shipping lanes. But we want a stable and independent Sri Lanka for the purpose of enhancing trade and shipping.
‘More than 45000 Sri Lankan students are pursuing their higher education in the UK, which could be considered as the training ground for the next generation skilled workforce, since Sri Lankans are passionate for UK private university education. But after their education they should come back and work for Sri Lanka because Sri Lanka is now a growing economy in the region.
‘Further, the new British Labour government will promote trade and investment with countries and is, therefore, willing to work with any government, especially for promoting trade and investments.’
Business
Ceylinco Life agent among three global finalists for award
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.
Business
CEAT Kelani retains AA+ rating for sixth year
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.
Business
Commercial Bank leads nationwide aquatic clean-up drive
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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