TOS LANKA has been awarded the prestigious Gold Award for Improvement Project Presentation at the National Convention on Quality & Production (NCQP) 2026, held on 17th June 2026. The event was organised by the Sri Lanka Association for the Advancement of Quality & Productivity (SLAAQP).

The TOS LANKA team earned this honour by demonstrating exceptional commitment to continuous improvement, innovation, and operational excellence. Their award-winning presentation stood out among a competitive field of industry peers, showcasing the company’s unwavering dedication to quality-driven processes and sustainable business practices.

This recognition is a testament to the hard work, collaboration, and passion of TOS LANKA’s Quality Management team. The initiative was spearheaded by Vageesha Suraweera, Manager of Quality Management, with key support from her deputy, Dushani Sandarekha. Together, they have played a pivotal role in embedding a culture of excellence and delivering measurable, long-term improvements across the organisation.

“We are proud of this achievement, which reflects the collective effort of our entire team. This award reinforces our resolve to uphold the highest standards of quality in everything we do,” Vageesha said.

The NCQP serves as a premier national platform for organisations to share best practices and celebrate advancements in quality and productivity. TOS LANKA’s Gold Award win underscores its position as a leader in quality management within Sri Lanka’s corporate landscape.

Amana Takaful PLC has successfully closed its Rights Issue, raising more than Rs. 1 billion through the allotment of over 52.8 million new ordinary voting shares priced at Rs. 19 each. The offer, extended exclusively to existing shareholders, was oversubscribed by 68.8%, signaling solid investor confidence in the company’s direction.

The response builds on a period of steady expansion for Amana Takaful, which has invested in digital initiatives such as a revamped mobile app and streamlined claims processing, alongside growth in its motor, medical, and broader general insurance offerings. The company has also picked up several industry accolades along the way, including recognition among Sri Lanka’s Most Awarded Companies.

Siva Karthigun, CEO of Amana Takaful General Insurance, said the strong uptake reflects shareholder confidence in the company’s long-term strategy and digital transformation efforts, adding that the additional capital strengthens the company’s financial position as it moves into its next growth phase.

Shareholders were offered three new shares for every fourteen held. Proceeds from the issue are earmarked to support the company’s ongoing growth and to prepare for the upcoming implementation of SLFRS 17 and SLFRS 9. The capital raise also bolsters Amana Takaful’s Tier I Capital, providing greater financial flexibility for future expansion in its General Insurance business.

Asia Securities Advisors (Pvt) Ltd served as the Consultant Broker to the Rights Issue.

A delegation led by Prof. Wang Weijia, Director of the Research Centre for Global Governance and International Communication at the Institute of Area Studies and Dean of the Institute of International Communication at Peking University, China, conducted a series of high-level research interviews in Colombo recently.

During their visit, the delegation met with several government and state sector representatives, members of legal fraternity, members of the armed forces and experts from leading international affairs think tanks, engaging in wide-ranging discussions on Sri Lanka-China cooperation.

Trade and Investment as Key Growth Drivers

At a meeting with Hanif Yusoof, Presidential Special Envoy on Foreign Investments and Governor of the Western Province, the delegation engaged in in-depth discussions on Sri Lanka’s international trade and investment landscape. Governor Yusoof noted that international trade and foreign direct investment are critical to Sri Lanka’s future economic growth, with logistics, energy, and tourism identified as priority sectors for attracting foreign capital.

He further highlighted the longstanding involvement of Chinese enterprises in Sri Lanka’s infrastructure, energy, road, and telecommunications sectors, noting their significant contribution to the country’s economic development. Looking ahead, he stressed that Sri Lanka should leverage its strategic geographic position to build regional supply chain networks and deepen cooperation with Chinese enterprises in export-oriented manufacturing.

A Relationship “Beyond Commercial”

Speaking with Dr. Harshana Suriyapperuma, Secretary to the Treasury and Ministry of Finance, Planning and Economic Development, the delegation explored various dimensions of the Sri Lanka-China relationship. Dr. Suriyapperuma emphasized that the two countries are bound by longstanding historical, cultural and sentimental ties that extend well “beyond commercial and transactions”.

In this context, he highlighted Port City Colombo as a symbol of the enduring partnership between Sri Lanka and China, and described the project as an important platform with the potential to contribute to Sri Lanka’s long-term economic growth and international connectivity.

Exploring New Models of Cooperation

During the interview with Dr. Sulakshana Jayawardena, Acting Chairman of the Board of Investment of Sri Lanka (BOI), discussions focused on Sri Lanka’s current investment landscape and potential new models for Sri Lanka-China cooperation.

Dr. Jayawardena noted that foreign direct investment (FDI) projects such as Port City Colombo generate both direct and indirect economic benefits, including foreign capital inflows, employment opportunities for local citizens, and technology transfer. Beyond infrastructure development, he noted that high-tech manufacturing, pharmaceuticals, and textiles should serve as key areas for deeper Sri Lanka-China cooperation.

Looking ahead, he hopes to leverage academic and think-tank institutions such as Peking University to create more platforms for mutual exchange and collaboration. In particular, he highlighted the value of learning from China’s experience in special economic zone governance, manufacturing development, and workforce training, with a view to exploring new avenues for deeper bilateral cooperation.

Throughout the visit, Prof. Wang introduced Peking University’s academic strengths in area studies and international communication to the officials and experts engaged during the delegation’s meetings. He also expressed the university’s commitment to conducting further research aligned with Sri Lanka’s development priorities, while fostering scholarly and cultural exchanges that strengthen mutual understanding and serve as a bridge between the two countries.