Business
Thambapanni leisure ventures into Hanoi, Vietnam from Brisbane, Australia
Offers visiting Sri Lankans an interchange for business connections
By Sanath Nanayakkare
Sri Lanka’s Thambapanni leisure chain has four hotels in Unawatuna with more than 100 star-class rooms. When the economic crisis hit Sri Lanka in 2022, the company ventured out to Australia seeking more stable business operations there.
With their restaurant business in Brisbane Australia thriving by dint of their hard work, they have now set up an Italian restaurant in Hanoi, Vietnam. And they say Sri Lankans visiting these two countries can expect to make proactive business connections with top-end natives at their two well-patronized restaurants.
“Whichever of the two countries you go seeking to meet people of good business repute to do business with, the chances are high that you could link up with the right people you are searching for at our seafood restaurant in Brisbane, Australia and our Italian restaurant in Hanoi, Vietnam, “they said.
The Island Financial Review found the two business partners – Preshan Dissanayake and Isuru Yapa were bold enough to take their restaurant business from the pearl of the Indian ocean to the southern hemisphere of Australia to Vietnam in Southeast Asia, at a time the Indian ocean’s pearl had become its tear drop.
“We had no other option. We were looking for survival. we took that initiative, putting a significant upfront investment at risk, and today we are seeing the rewards of that difficult decision,” they said.
“We started the restaurant ‘Coco Gabba’ next to Gabba Stadium in Brisbane, Australia where 2032 Olympics is going to happen. Coco Gabba is a well-patronized seafood restaurant today and on the back of its success, we are now preparing to start a Thai restaurant in the same place,” they said.
“We want to especially mention that about three months ago, we set up a new Italian restaurant named Mano Italian in Hanoi, Vietnam where the Director Operations is Manju Priyankara who is a master chef in Italian cuisine with 15-years of authentic experience. Top-end individuals patronize this restaurant and so is our seafood restaurant in Brisbane. Literally speaking, we have built bridges in these two countries for Sri Lankan entrepreneurs to benefit from; particularly for those who don’t have a base in these two countries to foster their business ties. Our restaurants in these countries will prove to be very useful for you if you are looking to do business in these markets,” they said.
They told the Island that they would be opening their second restaurant in Brisbane and the second in Vietnam in the near future.
‘We are also planning to diversify into the property business in Australia. Our reputation in the restaurant business will pave the way for it,” they opined.
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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