Business
George Steuart Health launches GS Sports towards developing a Stronger Sri Lanka
George Steuart Health, one of the fastest growing pharmaceutical importers, have expanded their portfolio by launching GS Sports, the first subsidiary of George Steuart Health.
With a vision to inspire and assist people towards adopting healthy lifestyles through fitness and sporting activities, GS Sports was ceremonially launched on the 29th of April 2021 at No. 445A, Galle Road, Colombo 03, with the presence of chief guest Hon. Minister of Youth and Sports – Mr. Namal Rajapaksa, and other dignitaries including the Chairman of Sri Lanka Cricket – Prof. Arjuna De Silva, International Bodybuilding Champion Mr. Lucion Pushparaj, Ms. Dinu Perera, Mr. Priyantha Ekanayake, Dr. Seevali Jayawickrama, Aravinda de Silva and others.
The initial launch phase consists of two showrooms, with one flagship store located in Colombo 03 and another store soon to be opened in Madiwela. Catering to all levels of sports enthusiasts, from amateurs to professionals, the showroom is equipped with a wide range of domestic and commercial fitness equipment covering key facets of fitness including strengthening, cardio, free weights, accessories, sports medicine and also contains a punching range. GS Sports also offers comprehensive and reliable after sales service for all sporting and fitness equipment.
Commenting on this new venture, Dilith Jayaweera, Chairman of the George Steuart Group said, “We are immensely proud to have launched GS Sports, a commitment towards empowering a stronger Sri Lanka. This COVID-19 pandemic has forced many of us to spend more time at home, sitting down and abandoning our regular exercise routines, maintain a more sedentary lifestyle.
This leads to feelings of lethargy, a general lack of fitness and sometimes negative mentalities. Our goal is to provide an avenue for everyone to stay fit, while nurturing their physical and mental needs through exercise. GS Sports will transform what we call the ‘new norm’ by enhancing the state of public health and creating the foundation to achieve the vision of George Steuart Health”.
The new showrooms provide easy access to high quality, affordable sporting equipment along with personalized customer service to ensure a seamless shopping experience- allowing the public to maintain their personal wellbeing during the pandemic while enriching and enhancing their stay-at-home experience. With a mission towards delivering only the best healthcare solutions at the most affordable prices, George Steuart Health’s vision extends to GS Sports with the aim of empowering a ‘Happy healthy and smiling Sri Lanka’.
GS Sports is the latest venture by George Steuart Health; one of Sri Lanka’s premier healthcare and wellness solution providers. George Steuart Health is a member of the George Steuart Group, acclaimed as Sri Lanka’s oldest mercantile establishment and a leading diversified conglomerate.
Business
AIA delivers strong first half results in 2026; double-digit growth across key financial metrics
The Board of AIA Group Limited (the “Company”) is pleased to announce the Group’s financial results for the six months ended 30 June 2026. Growth rates are shown on a constant exchange rate basis unless otherwise stated:
New business performance and embedded value
Value of new business (VONB) of US$3,212 million, up 10 per cent overall and 14 per cent excluding Thailand(1)
Record high annualised operating ROEV of 18.0 per cent, up from 15.8 per cent in full year 2025
EV Equity of US$83.4 billion, up 6 per cent per share over the first half on an actual exchange rate basis
IFRS earnings
Operating profit after tax (OPAT) of US$4,163 million, up 13 per cent per share
AIA now expects to exceed OPAT per share CAGR target of 9 to 11 per cent from 2023 to 2026(2)
Record high annualised operating ROE of 17.5 per cent, up from 15.5 per cent in full year 2025
Cash generation and capital returns
Underlying free surplus generation (UFSG) of US$3,935 million, increased by 10 per cent per share
Net free surplus generation (net FSG) of US$2,758 million, up 12 per cent per share
US$3.6 billion returned to shareholders in the first half through dividend and share buy-back
Interim dividend increased by 10 per cent to 53.90 Hong Kong cents per share
Lee Yuan Siong, AIA’s Group Chief Executive and President, said:
“AIA has delivered another strong performance in the first half of 2026, with double-digit growth across our key financial metrics, while continuing to return substantial capital to shareholders. VONB reached a record high of US$3.2 billion with growth across all distribution channels, and all reportable segments excluding Thailand. The Group has achieved 17 per cent CAGR since the first half of 2023(3), demonstrating consistently strong demand for AIA’s professional advice and differentiated products.
“At the core of our unrivalled distribution platform is our market-leading Premier Agency. I am delighted that AIA has once again been ranked the number one Million Dollar Round Table (MDRT) multinational company globally. We have held this position for a record 12 consecutive years and we have more than double the number of MDRT members of our nearest competitor. In the first half of 2026, our Premier Agency achieved strong VONB growth of 11 per cent excluding Thailand(1). Our extensive network of strategic distribution partners further expands our market reach and generated an 18 per cent increase in VONB, supported by very strong performance in both the bancassurance and independent financial adviser (IFA) and broker channels.
“Strong new business, together with disciplined management of our in-force portfolio, has supported sustained growth in recurring earnings with OPAT per share up by 13 per cent in the first half. As a result, we expect to exceed our 9 to 11 per cent OPAT per share CAGR target for 2023 to 2026(2). UFSG, the Group’s core measure of operating cash generation, increased by 10 per cent per share. After allowing for new business investment, net FSG increased by 12 per cent per share. In accordance with our prudent, sustainable and progressive dividend policy, the Board has declared a 10 per cent increase in the interim dividend to 53.90 Hong Kong cents per share. These achievements demonstrate that our financial strategy is working as intended.
“Asia remains the most compelling growth opportunity for life and health insurance. Powerful structural tailwinds across the region continue to create substantial demand for our professional advice and differentiated products and underpin the exceptional long-term prospects for AIA’s business. I am confident that AIA’s disciplined execution of our strategic priorities will continue to deliver long-term sustainable value for all our stakeholders.”
Business
British Council Sri Lanka launches soft skills workshops to elevate learning and empower communication
The British Council Sri Lanka has launched Corporate English Solutions (CES), tailored to the Sri Lankan corporate and education ecosystem, aimed at helping organisations strengthen workplace communication and professional development.
The launch event took place recently at the NH Collection, Colombo 3, gathering corporate partners, clients and education stakeholders throughout the country.
CES extends the British Council’s long-standing work in English language education and teacher training into a dedicated offering for the corporate sector. The launch introduced two new components to the British Council’s presence in Sri Lanka such as public workshops and teacher training programmes, open to learners and educators beyond the organisation’s existing corporate and academic partners. Guests at the event were shown a short video introducing Corporate English Solutions before the formal proceedings began.
Talal Meer, British Council Regional Business Development Director, South Asia, welcomed guests and introduced the British Council’s team in Sri Lanka. In his remarks, Meer set out the scope of the CES launch, covering the introduction of public workshops in Sri Lanka, the rollout of teacher training programmes, and an overview of the CES product portfolio. Meer’s role covers educational partnerships in the South Asia region, and his address framed the Sri Lanka launch within the British Council’s broader regional strategy.
Business
Ogilvy Group tops award tally at ‘Dragons of Sri Lanka’ 2026
Ogilvy Group Sri Lanka delivered a standout performance at the recently concluded Dragons of Sri Lanka 2026 Awards, securing a total of nine awards comprising two Gold Dragons, one Silver Dragon and six Black Dragons, among the festival’s highest overall award tallies. Gold Dragon wins for Phoenix Ogilvy and Ogilvy Digital, together with the seven additional recognitions across multiple categories, highlighted Ogilvy’s ability to combine creativity, strategic thinking and commercial effectiveness to deliver business results.
Organised by the 4As Sri Lanka, the third edition of Dragons of Sri Lanka shortlisted more than 50 agencies and corporates, making it one of the country’s most competitive marketing communications awards. These local awards, along with the chapters in Malaysia and Pakistan are part of the Dragons of Asia platform, one of the region’s leading programmes for marketing communications effectiveness, with entries being judged on strategy, originality, execution and measurable results.
Ogilvy Digital accounted for eight awards in total, including a Gold Dragon in the Business & Trade Marketing category, and a Silver Dragon in the Innovative Idea or Concept category. The Agency additionally received six Black Dragons across the categories of Innovative Idea or Concept, Business & Trade Marketing, Content Creation, Small Budget, Event or Experiential, and Brand Trial or Sales Generation.
Commenting on the achievement, Sajith Weerasinghe, Chief Operating Officer of Ogilvy Digital, said, “These recognitions reflect the breadth of capabilities we’ve built across strategy, creative, content, experience design, technology and performance marketing. The fact that the work was recognised across so many different disciplines demonstrates our ability to apply creativity to a wide range of business challenges and objectives. We’re proud that this achievement spans multiple clients, categories and types of work, reflecting both the versatility of our people and our commitment to delivering results.”
-
Features7 days ago“Wrap Me Up in My Blazer”— A Gentlemanly Bradby Reminiscence
-
Features6 days agoWhen Sri Lankan stories find their own voice
-
Features7 days agoJVP/NPP government as seen from outside by Lionel Bopage now domiciled in Australia
-
News6 days agoBASL takes exception to Justice Ganepola being denied a place in SC
-
Features7 days agoProf. Savitri Goonesekere: What has she done?
-
News3 days agoDenied of promotion to SC despite vacancies, justice Gurusinghe retires
-
Latest News3 days agoGrade 5 scholarship exam results released
-
News3 days ago22A: SC urged to suspend hearing, appoint full bench
