Business
Ranil says Iran leadership eviction methodology unacceptable
Ranil Wickremesinghe on Monday criticised the methodology adopted by U.S. President Donald Trump in dealing with Iran, stating that externally driven attempts to dismantle the leadership of another sovereign nation are unacceptable and fraught with dangerous global consequences.
Addressing a group of social media activists at the United National Party (UNP) office on Flower Road, Colombo, Wickremesinghe said that while geopolitical tensions in the Middle East were deepening, the principle of state sovereignty must not be undermined under any circumstances.
Referring to recent escalations between Washington and Tehran and remarks attributed to President Trump concerning Iran’s Supreme Leader Ali Khamenei, Wickremesinghe said:
“President Trump has alleged that Khamenei’s government was responsible for the deaths of hundreds of people in Iran and that action was taken to remove that leadership. However, the methodology used for dismantling the leadership of another administration in such a manner is not acceptable.”
He added that President Trump appeared to be seeking to engage in global affairs “as he likes,” warning that such actions carried far-reaching implications beyond the immediate theatre of conflict.
“What has happened following the Iran strikes is an issue with deep implications,” Wickremesinghe said, noting that the balance of power in sensitive regions must not be disturbed recklessly. Drawing a regional parallel, he observed that control of strategic sea lanes such as the Indian Ocean could not be handed over to a single dominant power.
On the economic fallout, Wickremesinghe sought to allay fears of a severe energy crisis in Sri Lanka. “Amid supply constraints because of Iran, it won’t be a big issue as other oil-producing countries will offer sufficient supplies,” he said. However, he expressed concern over the government’s overall economic management. “I don’t see this ballooning into a significant issue, but my concern is whether the government can manage the economy as it is.”
As he made these comments, the Sri Lankan government has yet to formally articulate its position on the escalating Middle East crisis, and Foreign Minister Vijitha Herath has not publicly clarified the government’s official stance.
Responding to a question on whether he was prepared to assume responsibility for governance again, Wickremesinghe said the present administration must be allowed to discharge its mandate. “Let the government go ahead and address the issues. We shouldn’t let them escape the responsibility they have taken upon themselves,” he said.
Commenting on the 90-day detention of former defence intelligence chief Suresh Saleh in connection with investigations into the 2019 Easter Sunday attacks, Wickremesinghe described the matter as a “closed case.” He pointed out that foreign intelligence agencies, including the Federal Bureau of Investigation (FBI), had already submitted their findings.
“Foreign intelligence bodies such as the FBI have submitted their reports and conclusions. The government’s probe direction is not in line with that. Pursuing the case afresh in this manner is a waste of public money,” he said.
Wickremesinghe’s remarks are particularly noteworthy given the long-standing perception of the UNP as broadly aligned with Western policy positions. During President Trump’s first term, when the U.S. administration threatened to suspend funding to the World Health Organization (WHO) at the height of the COVID-19 pandemic, Wickremesinghe publicly appealed to President Trump to reconsider this move , stating that developing countries such as Sri Lanka would face severe repercussions if global health funding were curtailed.
His latest comments therefore signal a clear defence of diplomatic norms and national sovereignty at a time of rising geopolitical volatility, while underscoring his view that global power rivalries must not override established principles of international conduct.
by Sanath Nanayakkare
Business
Kandy driving school hits 100,000-driver milestone, sets sights on expansion
Dhasuni Learners in Kandy have trained over 100,000 drivers, marking a major milestone in the institution’s journey from a modest start-up to one of the region’s leading driver education providers.
Founded on March 31, 2008, in the historic hill capital, the institution began with just a single van, one three-wheeler and one motorcycle. Built on what its founder describes as a commitment to road safety and public service, the driving school has since expanded into a multi-branch operation with six centres across the Kandy district.
Today, Dhasuni Learners has emerged as a significant player in Sri Lanka’s driver training sector, producing thousands of licensed motorists annually while also contributing to local employment generation. The organisation’s broader mission, according to its management, has been to foster disciplined and road-conscious drivers who adhere to traffic regulations.
Over the years, the institution has received multiple accolades for its service standards and entrepreneurial achievement. These include the ‘Best Young Entrepreneur Award’ and ‘Seva Taru Tuthe Award’ in 2018, followed by One-Star and Two-Star service ratings from the Ministry of Industries in 2019 and 2020. It has also secured top rankings from the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) at national and provincial levels.
More recent recognitions include the ‘Best Driving School Award’ in 2023 and the ‘Pitkal Award’ for business excellence, along with a 2025 honour from the Trade Front in collaboration with the Ministry of Industry.
by SK Samaranayake
Business
HNB Life Introduces “Privileged Protect”, a Future-Ready Protection Solution for a New Generation
Marking a significant milestone in its journey as it celebrates 25 years of trust and transformation, HNB Life has introduced Privileged Protect, a novel universal life insurance solution designed to meet the evolving financial and protection needs of modern Sri Lankans.
Developed as an evolved protection offering, Privileged Protect combines short-term premium commitments with long-term financial security, giving customers the flexibility to build wealth while safeguarding their future and loved ones.
Designed for individuals seeking comprehensive life protection with greater financial convenience, the product offers a shorter premium paying term while ensuring continued long-term coverage and investment growth opportunities. The policy also includes six compulsory protection benefits, dividend and loyalty dividend entitlements, partial withdrawal facilities after five years, and the ability to convert the maturity value into a monthly income stream. Customers are also provided the flexibility to continue optional riders beyond the premium paying term and enhance their investment through top-up premiums.
Commenting on the launch, Lasitha Wimalaratne, Executive Director / Chief Executive Officer of HNB Life, stated, “As we embark on a bold new chapter as HNB Life, the introduction of Privileged Protect reflects our commitment to continuously evolve alongside the changing aspirations of our customers. Today’s customer seeks greater flexibility, stronger protection, and smarter financial planning solutions that align with their lifestyle and long-term goals. This product has been thoughtfully designed to address those expectations while delivering the security and confidence our policyholders value. As we celebrate 25 years of excellence, we remain focused on shaping the future of insurance through innovative solutions that are relevant, accessible, and future-ready.”
Also sharing his thoughts, Dinesh Udawatta, Executive Vice President / Chief Technical Officer stated, “The modern customer is increasingly looking for insurance solutions that go beyond traditional protection. Privileged Protect is an evolved offering built around convenience, flexibility, and long-term value creation. It is designed for individuals who want to secure their future with shorter payment commitments while continuing to enjoy meaningful protection and wealth accumulation benefits. As HNB Life, we are committed to introducing customer-centric innovations that empower Sri Lankans to confidently plan for the future.”
With the launch of Privileged Protect, HNB Life continues to strengthen its portfolio of future-focused insurance solutions, reinforcing its commitment to protecting lives while empowering customers to achieve long-term financial wellbeing in an ever-evolving world. HNB Life PLC is licensed by the IRCSL and all policyholders are advised to read the policy document before concluding a sale to understand benefits, exclusions, terms and conditions.
Business
Sri Lanka’s Nazri Nizar elected to YPO global board in historic first
For the first time in the 76-year history of the Young Presidents’ Organisation (YPO), a Sri Lankan has been elected to its global board, with business leader Nazri Nizar securing a position on the governing body of one of the world’s most influential leadership organisations.
The appointment was confirmed at the YPO Annual General Meeting held on 21 May 2026. Nizar will serve as a YPO global board director from 2026 to 2029 and will concurrently serve as chair of the YPO Global Forum Committee.
Founded in 1950, YPO is a global leadership community comprising more than 38,000 chief executives, entrepreneurs and business leaders across 150 countries. Collectively, its members lead organisations generating approximately US$9 trillion in annual revenue, placing YPO among the most influential peer leadership networks in the world.
Unlike traditional business associations, YPO is built around the philosophy that leadership is a lifelong pursuit. Through a combination of executive education, peer learning and confidential leadership forums, the organisation provides a platform for business leaders to learn from one another’s experiences and navigate the personal and professional challenges that accompany leadership. At a time when organisations are navigating unprecedented technological, economic and social change, platforms such as YPO continue to underscore the importance of learning, collaboration and leadership across borders.
Nizar’s election follows years of service within the organisation. He has previously served as chapter chair of the YPO Colombo Integrated Chapter, been a member of the YPO South Asia Regional Board and, most recently, served on the YPO Global Forum Committee. In addition to his responsibilities as a global board director, Nizar will lead the Global Forum Committee, which oversees one of YPO’s most valued and enduring member experiences.
Commenting on the appointment, Nizar said YPO had played a defining role in shaping his leadership journey.
“YPO taught me that leadership is not about having all the answers. It is about continuous learning, trusted relationships and the willingness to grow through the experiences of others,” he said.
Describing the appointment as both humbling and inspiring, Nizar said he hoped the milestone would encourage more Sri Lankan leaders to engage with global platforms, contribute to international conversations and share their experiences with peers around the world.
Nizar currently serves as group managing director of Richardson Holdings, a diversified Sri Lankan enterprise with interests spanning engineering, infrastructure, renewable energy, manufacturing and out-of-home advertising.
His election represents a notable achievement for Sri Lankan business leadership and reflects the increasing contribution of Sri Lankan executives within international leadership networks.
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