Business
CA Sri Lanka Honours Five Chartered Accountants for Lifelong Service to the Nation and Profession
In celebration of an enduring legacy and unwavering commitment to excellence, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently honoured five distinguished Chartered Accountants for their outstanding contribution, which has not only shaped Sri Lanka’s financial and economic landscape but also enriched the corporate world, society, and the nation through visionary leadership, ethical stewardship, and a deep sense of civic responsibility.
At a grand ceremony held at Monarch Imperial, CA Sri Lanka bestowed the prestigious Lifetime Achievement Award 2025 on veteran Chartered Accountant Mr. Hemaka Amarasuriya. In addition, Chartered Accountants Mr. Don Kumaray Uttumdunna Corea, Ms. Yoshita Shirani de Silva, Mr. M. V. Muhsin, and Mr. Mohan Asoka Abeynaike, were inducted into the CA Sri Lanka Hall of Fame for the year 2025, in recognition of their extraordinary contributions to the accounting profession, the business world, and society at large.
President of CA Sri Lanka Mr. Heshana Kuruppu presented the five distinguished members with mementoes in the presence of Vice President Mr. Tishan Subasinghe, Past President Mr. Arjuna Herath, and Chief Executive Officer Ms. Lakmali Priyangika.
A Fellow Member of CA Sri Lanka, Mr. Hemaka Amarasuriya is a distinguished corporate leader whose career spans over four decades. He began his journey with the Singer Group in 1973 and rose to become Chairman in 1985, steering the company to remarkable success until his retirement in 2015. Under his leadership, Singer was consistently ranked among Sri Lanka’s top companies and recognised as a leading brand. Mr Amarasuriya also held key regional and global roles, including Senior Regional Vice President overseeing operations across multiple continents. His inclusive leadership style and commitment to people development were hallmarks of his tenure. Beyond the corporate sphere, he contributed significantly to public service, including roles with the Securities and Exchange Commission, the Presidential Task Force on Science and Technology, and leadership positions in the financial sector. He also served as Chairman of Sri Lanka Cricket, founding the Cricket Academy and leading the team to an ICC Champions Trophy win.
Mr. Don Kumaray Uttumdunna Corea is a globally respected Chartered Accountant whose career spans continents and sectors. After qualifying in Sri Lanka, he built a distinguished international career, notably in Botswana, where he became the founding Senior Partner of PricewaterhouseCoopers and served on the Governing Board of PwC Southern Africa.
Ms. de Silva is a trailblazing Chartered Accountant whose career spans over four decades of professional excellence and community service. A Fellow Member of CA Sri Lanka, she began her journey at M. N. Sambamurti & Co. and rose to become Managing Partner of Kreston Sri Lanka, leading the firm until her retirement in 2022. Her expertise in audit, assurance, and tax advisory services has supported a wide range of clients across sectors. She also played a vital role in shaping the profession through her service on the Council of CA Sri Lanka and other key institutions. Beyond her professional achievements, Ms. de Silva has made a profound impact through social service. As President of Soroptimist International of Colombo, she led initiatives in early childhood education, healthcare, and support for visually impaired children.
Mr. M. V. Muhsin, a Fellow Member of CA Sri Lanka, is one of the country’s most distinguished global professionals. He holds the distinction of being the highest-ranking Sri Lankan to serve in senior leadership at the World Bank Group, where he was Vice President and Chief Information Officer.
Mr. Mohan Asoka Abeynaike has made a lasting impact on Sri Lanka’s professional and corporate sectors through decades of dedicated service. A former President of CA Sri Lanka, he played a pivotal role in shaping the Institute’s strategic direction, including the establishment of the Faculty of Taxation, a landmark initiative in professional education.
Business
From Mt. Fuji to Sri Pada: Lessons from a father-son climb
by SK Samaranayake
For Daham Gunasena, reaching the summit of Mt. Fuji with his 12-year-old son was not the end of the journey but the beginning of a different kind of lesson.
Gunasena, Director – Commercial at SPAR Sri Lanka and a senior business leader, academic and Chartered Accountant, spent nearly 12 hours on August 19 climbing Japan’s highest mountain with his son, Methum. After eight hours of climbing, the pair reached the 3,776-metre summit before beginning a demanding four-hour descent to Fujinomiya 5th Station.
“The summit was only halfway,” Gunasena reflected, describing the experience as a lesson in preparation, perseverance and responsibility.
Their journey began two days earlier with a trial excursion to the 6th Station and the volcanic landscape around Mt. Hoei. The experience allowed Gunasena to assess the altitude, terrain, weather and equipment before deciding whether his son was ready for the summit attempt.
The climb itself reinforced the value of taking one step at a time. Rather than focusing on the distant summit, father and son concentrated on the next marker, the next few steps and short periods of rest.
Reaching the summit brought another lesson. After taking photographs and celebrating, they still had four hours of descent ahead of them over loose volcanic terrain.
“Reaching the top was an achievement. Returning safely was success,” Gunasena said.
The experience also prompted him to reflect on how Japan manages Mt. Fuji, including visitor education, digital information, sanitation, transport, safety and environmental protection.
Having climbed Sri Pada 12 times last year and five times so far this year, Gunasena sees opportunities to apply some of these principles in Sri Lanka without compromising the mountain’s unique pilgrimage traditions.
He suggested a comprehensive digital platform for Sri Pada providing information on weather, congestion, transport, sanitation, first aid and emergencies, while educating foreign visitors about its religious significance.
For Gunasena, however, the most enduring lesson was personal: a mountain can teach what lectures cannot—through preparation, perseverance, respect for nature and the shared experience of taking each step together.
Business
FLIR, Marlbo promote smarter industrial maintenance
Sri Lankan industries are being encouraged to adopt advanced condition monitoring technologies to detect equipment problems before they develop into costly failures, as global technology company FLIR and its local partner Marlbo Trading Company strengthen their collaboration.
The companies brought together industry professionals at a technical seminar held on August 20 at Taj Samudra, Colombo, focusing on the use of thermography and acoustic imaging to reduce unplanned downtime, improve energy efficiency and lower maintenance costs.
Organised by Marlbo under the theme “Condition Monitoring Using Thermography and Acoustic Imaging for Measurable ROI,” the seminar highlighted the growing importance of proactive and predictive maintenance in improving equipment reliability and operational efficiency.
FLIR Sales Director – Instrumentation, India, Bhaskar Lala, and APAC Condition Monitoring Specialist David Gambarte shared their expertise on the latest diagnostic technologies and their practical industrial applications.
Thermal imaging can identify abnormal heat patterns linked to electrical and mechanical faults, while acoustic imaging can detect problems that may go unnoticed during routine inspections.
The technology is particularly useful in identifying compressed-air leaks, which can cause significant energy losses and increase operating costs.
Shevon Liyanage, Engineer – Measuring Instruments at Marlbo, also shared insights into applying condition monitoring technologies in the Sri Lankan industrial environment.
Business
Lumbini Tea Valley wins intl award for Singharaja Wirytips
Lumbini Tea Valley Ceylon won an award for its Singharaja Wirytips at The Leafies: International Tea Awards held in London in 2024, marking another international recognition for the Sri Lankan tea producer.
The award comes as the company marks two decades of direct exports, with its premium and organic Ceylon teas now reaching 35 countries across six continents.
Established in 1984, Lumbini Tea Valley began its direct export drive after Chaminda Jayawardana joined the family business in 2000 alongside his father, Dayapala Jayawardana. The initiative materialised in 2006 with the company’s first direct shipment—a 15-kilogram consignment of Flowery Broken Orange Pekoe (FBOP) tea to the United States.
Since then, the company has expanded its direct-export operations, which now account for around 20% of its total manufacturing output. Following its transition to organic production, approximately half of its organic tea output is exported directly by the company.
Its key export markets include Japan, the United States, France, the Netherlands, Switzerland and Australia, with direct shipments now reaching 35 countries.
The company said its direct-export model would continue to expand amid growing international demand for traceable, single-origin Ceylon tea, with premium and organic grades at the centre of its export strategy.
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