Business
University of Kelaniya launches first ever DBA Alumni in Sri Lanka
The first ever Doctor of Business Administration (DBA) Alumni in Sri Lanka was established on 29th May 2021 by the doctorate holders of the DBA program conducted by the University of Kelaniya since 2016.
Due to the prevailing situation in the country, the inaugural meeting was held online with the participation of university staff including the Dean of the Faculty of Graduate Studies, Senior Professor Ariyarathna Jayamaha, the Dean of the Faculty of Commerce and Management Studies, Dr. Narada Fernando, the Coordinator of the DBA Program, Professor C. Pathirawasam, Heads of the Departments, and Senior Lecturers as well as former graduates and current students of the DBA program. The Alumni is named ‘DBA Alumni of Kelaniya University’, abbreviated to DBAAKU. While all formerly graduated doctorate holders are absorbed as Fellow Members of the Alumni, the students are offered the opportunity to become Associate Members.
Dr. Nuwan Wimalana, who has served directorial positions in multiple organizations and currently works as a Management Consultant in many large organizations in Sri Lanka, was appointed as the first president. From the other fellow members of the Alumni, Dr. Dinesh Hamangoda, General Manager – Sales, HEMAS Consumer was appointed as the Vice President while Dr. Tharaka Punchibandara, Head of Commercial Operations, SAARC Region, Mylan Pharmaceuticals and Dr. Ranjan Dissabandara, Managing Director, Finex Engineering (Pvt) Limited were appointed as the Secretary and the Treasurer of the Alumni respectively.
The DBA program offered by the University of Kelaniya is an exclusive business qualification that is endorsed by a State University of Sri Lanka. Realizing that the current economy is based on skills and productivity, the DBA program seeks to address the demand for strong corporate leaders who are resourceful and original in their approach to business.
The DBA is a ‘professional doctorate’ with a focus on business practice alongside a deep understanding of related theoretical underpinnings. The DBA program and its candidates pivot on making a seminal contribution to their chosen profession and industry. The DBA is developed in the context of practice and is followed by practitioners, managers and industry professionals. It is designed to enhance executive and professional practice through the application of sound theory and rigorous research into real and complex issues in business and management.
It enhances the capability to develop knowledge and theory into productive practice, especially focusing on knowledge designed to solve problems likely to be produced in the workplace. The key objectives of this program therefore are to develop personal, consultancy, and research skills in the context of the relevant field of research.
In accordance with the Sri Lanka Qualification Framework (SLQF), the DBA is a SLQF 12 qualification which is the highest level of qualification awarded in Sri Lanka. It is an internationally recognized qualification that was first introduced in the USA, UK, and Australia. Despite being relatively new, the DBA program at the University of Kelaniya is in high demand.
The establishment of DBAAKU also turned a new page in the majestic history of the University of Kelaniya, launching the first ever DBA Alumni in Sri Lanka and setting the standards by which to follow. DBAAKU aims to establish itself as the first and foremost DBA Alumni among the business fraternity in Sri Lanka. It also intends to formulate a knowledge hub with various educational disciplines to provide expertise advice to any industry, public or private. Furthermore, DBAAKU plans to act as a link among university administration, learning partners, and former graduates whilst acting as ambassadors for the University of Kelaniya to recruit potential candidates.
Business
Asia stocks slide as US and Iran threaten to escalate war
Major stock markets in Asia slumped on Monday after Washington and Tehran threatened to escalate hostilities, as the Iran war enters its fourth week.
Japan’s benchmark Nikkei 225 index was almost 3.6% lower, while South Korea’s Kospi fell by almost 6%.
US President Donald Trump warned on Saturday that he would “obliterate” Iranian power plants if Iran did not open the key Strait of Hormuz shipping route. Iran said it would respond to any such strikes by targeting key infrastructure in the region, including energy facilities.
Japan and South Korea have been particularly impacted by the conflict, as they are heavily dependent on oil and gas that would normally pass through the strait.
Iran has effectively blocked the Strait of Hormuz, one of the world’s busiest shipping channels, since the US and Israel attacked the country on 28 February.
About 20% of the world’s oil and liquefied natural gas (LNG) usually passes through the waterway – and the war has sent global fuel prices soaring.
On Monday, International Energy Agency chief Fatih Birol said that the war could see the world facing its worst energy crisis in decades.
Speaking at the National Press Club in Australia’s capital, Birol compared the current energy crisis to those of the 1970s and the impact of Russia’s 2022 invasion of Ukraine.
“This crisis as things stand is now two oil crises and one gas crash put all together,” he said.

“If Iran doesn’t FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 HOURS from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!,” Trump said in a social media post published at 23:44 GMT Saturday.
That threat came after Iranian missiles hit the Israeli city of Dimona, and shortly before a second attack on the town of Arad nearby.
Mohammad Bagher Ghalibaf, the speaker of the Iranian parliament, said on Sunday that energy and desalination infrastructure in the region would be “irreversibly destroyed” if his country’s power plants were attacked.
Such action would significantly escalate the conflict, which has already disrupted global energy supplies, pushing up prices and causing fuel shortages.
Other markets in the Asia-Pacific region were also lower on Monday.
Hong Kong’s Hang was down by almost 3.5% and the Shanghai Stock Exchange Composite index 2.5% lower.
Global oil prices were broadly steady, with Brent crude 0.45% higher at $112.69 (£84.56) a barrel and US-traded oil was up by 0.7% at $98.93.
[BBC]
Business
Healthguard Distribution powers Sri Lanka’s ‘Port to Pharmacy’ medicine supply chain
Human resources remain the biggest challenge despite advanced logistics
Industry-wide cost pressures are also beginning to surface
In Sri Lanka’s pharmaceutical trade, the journey of a medicine does not end when it arrives at the port. It must still travel safely across the island – through regulated warehouses, temperature-controlled transport and complex distribution routes – before reaching the pharmacy shelf where patients need it.
That journey is increasingly being powered by Healthguard Distribution, the pharmaceutical logistics arm of Sunshine Holdings, whose expanding distribution network now plays a critical role in ensuring the reliable movement of medicines across the country.
At the centre of that network is the company’s Western Regional Distribution Centre (WRDC), a temperature-controlled logistics hub designed to support the safe storage and efficient distribution of pharmaceutical products across the Western Province.
Spanning nearly 18,920 square feet, the facility functions as a key node in the company’s islandwide distribution system. Originally acquired in 2008 to serve as the main warehouse for Swiss Biogenic Ltd., the site evolved alongside the company’s growing operations. Following a major upgrade programme that began in July 2024, the facility recommenced operations in July 2025 as a fully compliant regional distribution centre aligned with international quality standards.
According to Sunshine Pharmaceuticals and Healthguard Distribution Chief Executive Officer Shantha Bandara, the company’s logistics model is built around a simple but comprehensive concept.
“Our approach is ‘Port to Pharmacy’,” Bandara said during a recent media visit. “We collect pharmaceutical consignments from the Port of Colombo, clear them through Customs, store them under regulated conditions and then distribute them to pharmacies across the country. Importers and manufacturers do not have to worry about logistics – we manage the entire process.”
The distribution network today serves over 4,500 authorised pharmaceutical outlets, including pharmacies, hospitals, channeling centres, supermarkets and SPC Osusala outlets. Operations span 150 main towns and 466 sub towns, supported by 111 active delivery routes and seven regional distribution centres located across the island.
Within that system, the WRDC is the largest and among the most technologically advanced hubs.
The facility maintains strict cold-chain conditions for temperature-sensitive medicines. Its cold room capacity has been expanded from 15 cubic metres to 30 cubic metres, enabling compliant storage of products such as insulin within the required 2–8°C range. Online temperature monitoring systems operate across all storage zones while data loggers are used for insulin deliveries to ensure product integrity throughout the supply chain.
Delivery vehicles are also equipped with GPS tracking and temperature monitoring systems, allowing real-time visibility of shipments.
Automation and digital systems are increasingly shaping the operation. Software automation supports invoicing and customer credit verification, while sales teams use digital tools for order canvassing. The company’s enterprise systems provide real-time inventory and accounting visibility, supported by data dashboards used for operational decision-making.
To safeguard continuity, the facility is equipped with a high-capacity backup generator and dedicated on-site fuel storage, ensuring cold rooms, monitoring systems and warehouse operations remain functional even during power outages.
Behind the infrastructure is a workforce of 102 employees, supported by a specialised 15-member value-added services team trained in Good Distribution Practice (GDP), cold-chain management, safety and emergency response.
Yet despite the sophisticated logistics and infrastructure, Bandara told The Island that the most persistent operational challenge lies in human resources.
“We have the infrastructure, the logistics systems and the operational capability,” he noted. “However, maintaining the required number of skilled employees is an ongoing challenge because the labour market is constantly fluctuating. Our HR team is continuously recruiting and training to keep the workforce at the required level.”
Industry-wide cost pressures are also beginning to surface. Company officials noted that rising fuel prices could eventually affect transportation and electricity costs within the distribution chain, which may in turn influence pharmaceutical logistics expenses in the short term.
Still, the broader goal of the company remains unchanged – ensuring that medicines reach patients safely and on time.
From the moment a shipment arrives at the Port of Colombo to the point it reaches a pharmacy shelf, the process depends on precision logistics, regulatory compliance and operational discipline. For Sri Lanka’s healthcare supply chain, Healthguard Distribution’s growing network is becoming a key driver of that journey from port to pharmacy.
By Sanath Nanayakkare
Business
From generation to generation: SINGER secures 20th consecutive People’s Brand title
Singer Sri Lanka, the nation’s foremost retailer of consumer durables, celebrates a truly historic milestone at the SLIM-KANTAR People’s Awards 2026, securing a prestigious triple victory while marking 20 consecutive years as the People’s Brand of the Year, an achievement made possible by the enduring trust and loyalty of Sri Lankan consumers.
This year, SINGER was honoured with yet another triple win with People’s Brand of the Year, Youth Brand of the Year and People’s Durables Brand of the Year at the awards ceremony. This remarkable recognition reflects the deep and lasting relationship the brand has built with Sri Lankans across generations, standing as a symbol of trust in homes across the island.
Janmesh Antony, Director – Marketing said: “This award belongs to our customers. Being recognised as People’s Brand for 20 years, alongside Youth and Durables Brand, reflects our commitment to staying relevant across generations.”
Mahesh Wijewardene, Group Managing Director said: “Twenty consecutive years as the People’s Brand is humbling and inspiring. This milestone strengthens our commitment to keeping customers at the heart of everything we do.”
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