Business
Asia’s top real estate awards series resumes search for best developers, projects in Sri Lanka
From Left: Jules Kay, Managing Director, PropertyGuru Asia Property Awards & Events; Dr. Nirmal De Silva Director and CEO, Paramount Realty, and Chairperson of the Judges; Roshan Madawela, Founding Director and CEO, RIU Real-Estate Intelligence Unit, and Member of the Judging Panel; Dinuk Hettiarachchi, Managing Partner, NH & Co. CEO and Director, RNH Group of Companies – HLB Sri Lanka; and Mega Kularathne, Director Finance & Planning, Maga Engineering recently discussed the significance of the awards programme’s return as Sri Lanka sets eyes on the road to recovery.
As the nation sets eyes on the road to recovery
The highly awaited PropertyGuru Asia Property Awards (Sri Lanka) programme has officially returned with the fourth annual edition of the island nation’s most prestigious real estate awards.
Dr. Nirmal De Silva, director and CEO of Paramount Realty and the chairperson of PropertyGuru Asia Property Awards (Sri Lanka) joined Jules Kay, managing director of the PropertyGuru Asia Property Awards and Events, to discuss the significance of the awards programme’s return to Sri Lanka.
The online event was joined by member of the independent judging panel, Roshan Madawela, founding director and CEO of Research Intelligence Unit (RIU).
HLB Sri Lanka, represented by Nihal Hettiarachchi & Company, this year joins the 4th PropertyGuru Asia Property Awards (Sri Lanka) as Official Supervisor.
Property developers and designers who want to join the elite ranks of awardees may cast their official entries before 24 September at AsiaPropertyAwards.com/nominations.
Nominations from the public are encouraged.
The region’s finest real estate Shortlisted nominees will compete in a diverse roster of categories this year, including the never-before-presented honours of Best Sustainable Developer, Best Breakthrough Developer, Best Lifestyle Developer, Best Commercial Developer, Best Hospitality Developer, Best Industrial Developer, and Best Mixed-Use Developer. In addition, the Awards have also opened categories for Best Residential Development (Maldives) and Best Residential Development (Malé), the latter celebrating the finest in the small archipelago’s capital.
Winners and highly commended developers and projects will be honoured together with other country awardees at the virtual gala event and ceremony on 9 December. The event will premiere on the same day on AsiaPropertyAwards.com/tv-podcast and the official channels on Facebook, LinkedIn, Twitter and YouTube.
For the first time ever, highlights of the PropertyGuru Asia Property Awards will air on the History Channel, the official cable TV partner, putting the island’s finest in front of a truly global audience, including consumers and property agents.
Key dates for the 2021 edition:
1 January 2021 – Entries Open
24 September 2021 – Entries Close
27 September-8 October – Site inspections
11 October 2021 – Final Judging
9 December 2021– Virtual Gala Dinner and Awards Ceremony (Sri Lanka edition)
9 December 2021 – Regional Grand Final Gala Event
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
SLT-MOBITEL Enterprise launches Premium Cloud
SLT-MOBITEL Enterprise, the enterprise services arm of Sri Lanka Telecom PLC, has launched its Premium Cloud service powered by Nutanix, aimed at helping Sri Lankan businesses modernise their IT infrastructure and accelerate digital transformation.
The service was unveiled at the Lanka Tech Summit 2026 held recently at ITC Ratnadipa, Colombo.
The Premium Cloud combines hybrid multi-cloud capabilities with enterprise-grade performance, enabling businesses to run mission-critical workloads, scale cloud deployments and strengthen business continuity through disaster recovery capabilities.
Hosted on SLT-MOBITEL’s Tier III data centre infrastructure, the platform is designed to provide enhanced security, reliability and flexibility while supporting the growing technology requirements of enterprises.
SLT-MOBITEL Enterprise said the platform would also support organisations seeking to adopt AI-ready capabilities and improve the management and performance of IT workloads.
A key feature of the launch was SLT-MOBITEL Enterprise joining the Nutanix Elevate Service Provider Program (NESPP), which the company said made it the first service provider in the region to join the programme.
Powered by Nutanix’s hybrid multicloud platform, the service enables application and data mobility across on-premises environments, public clouds and edge locations.
The company said the partnership combined Nutanix’s cloud technology with SLT-MOBITEL’s local expertise and support, strengthening its multi-cloud portfolio.
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