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Hiran Cooray calls for practical operating model for ‘Wonders of Lanka’ durng the tourism lull

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One of the country’s top leisure industry personalities, Mr. Hiran Cooray, head of the Jetwing Group, has appealed to all concerned to utilize the time available before tourism returns to normalcy to pay attention to improving country’s hundreds of of natural and man-made wonders that have over the years not received the love and care they deserve.

‘The relevant authorities must utilize this time to prepare a practical model of of operating these sites once tourist arrivals return to expected numbers,” he has said in the annual report of Jetwing Lighthouse PLC, owners of the Geoffrey Bawa-built Lighthouse Hotel on a spectacular site near Galle.

“If these are not looked into, there will continue to be negative publicity and permanent damage to natural assets like Yala National Park and man-made cultural sites like Sigiriya,” he has said.

“As tourism will likely take a while to return to normalcy, there is an opportunity for us to strategically plan on how we will grow responsibly and sustainably,” Cooray said.

He has made the point that tourism has always had its ups and downs from the time his father, the late Herbert Cooray, entered the industry in 1973. But since the war ended in 2009, the industry had enjoyed continuous growth which had led to their own expansion including investments made by Lighthouse in the recent past.

Reviewing the year ended Mar. 31, 2009, Cooray said that having survived a difficult year, “we are now faced with an even more challenging year, the like of which had not been seen during Jetwing’s history.

They had begun the year with a lot of optimism and hoped to obtain better results following the upgrades made to the property during the year. But these were belied by the Easter bomb which exploded three weeks into the financial year. As they gradually got on to their feet after some months of hardship, and was heading for a quick recovery when the whole world was shaken by the Covid pandemic.

The company ended the year under review with a loss of Rs. 96.3 million, down from the previous year’s profit of Rs. 102.6 million. They are holding back on planned renovations on which they had invested about Rs. 200 million last year.

A new swimming pool overlooking the Indian Ocean for which all approval had been received was part of the plan that was expected to help position Lighthouse as the premier hotel on the South coast.

The directors’ report indicated changes in directors’ shareholdings with Mrs. AMJ Cooray gifting her holding of over 1.2 million shares equally to her son, Hiran Cooray and daughter, Shiromal Cooray who run Jetwing.

Lighthouse has a stated capital of Rs. 460 million and reserves of Rs. 2.4 billion together with retained earnings of Rs. 332.1 million in its books. Total assets ran at Rs. 3.84 billion and total liabilities at Rs. 644.2 million.

Jetwing Hotel Management Services with 41.24% of Lighthouse is the major shareholder, followed by Mercantile Investments (16.82%), EPF (11.05%) and the Bank of Ceylon (9.73%). Ms. Shiromal Cooray and Mr. Hiran Cooray are the biggest individual shareholders.

The directors of the company are: Messrs. Hiran Cooray (Chairman) RAE Samarasinghe (MD), Ms. Shiromal Cooray, N. Wadugodapitiya, CSR Anotony, Ranil de Silva, EPA Cooray, Ms. AM Ondaatjie, Dr. C. Pathiraja, T. Nadesan and ATP Edirisinghe.



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Climate compliance pressure mounts on Lankan businesses

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Lankan businesses are facing increasing pressure to strengthen climate governance, compliance, and risk management frameworks as climate-related disclosure requirements, investor expectations, and regulatory standards continue to evolve.

Against this backdrop, Genesis – the Dilmah Centre for a Sustainable Future will host a specialised post-summit technical workshop titled “Climate Action: A Strategic Executive Workshop on Climate Resilience and Business Continuity” on June 12, in Colombo.

The programme is designed as a continuation of discussions initiated at the Sri Lanka Climate Summit 2026 and will bring together sustainability managers, compliance officers, ESG professionals, risk specialists, and corporate decision-makers. It aims to translate climate commitments into practical business strategies.

The workshop will focus on implementation rather than advocacy, examining emerging disclosure frameworks, financing mechanisms, and regulatory pathways shaping corporate climate action in Sri Lanka.

Keynote speaker Dr. Lalanath de Silva, an internationally recognised environmental lawyer and governance expert, will address the evolving legal and compliance landscape influencing climate-related business decisions.

Technical sessions will cover IFRS S2 climate-related disclosures, climate risk governance, green finance opportunities, internal carbon pricing, and access to climate financing. Speakers will include climate risk specialist Rohan Cooray, Shiranee Yasaratne of Biodiversity Sri Lanka, and Suganthi Samarasinghe of UNDP Sri Lanka.

Organisers said climate readiness is increasingly becoming a business necessity rather than a sustainability option, with growing scrutiny from global markets and regulators.

Participation is free of charge, but prior registration is required due to limited seating for professionals in sustainability, governance, compliance, and risk management roles.

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SPAR Sri Lanka Opens New Outlet in Kurunegala

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SPAR Sri Lanka has expanded its retail network with the opening of a new outlet in Kurunegala, marking another milestone in the supermarket chain’s growth across the country.

The new store, strategically located to serve the growing population of the North Western Province, offers a wide range of products, including fresh fruits and vegetables, premium meat products, bakery items, household essentials and both local and international brands.

The outlet also features several specialty sections, including a Coconut Corner, Wellness Corner and a dedicated area catering to pet care products.

Speaking at the opening, SPAR Sri Lanka Chief Executive Officer Kumar de Silva said the new outlet reflects the company’s commitment to delivering a “glocal” shopping experience by combining international retail standards with local customer preferences.

“Our Kurunegala outlet reflects our dedication to providing customers with the best range, superior quality and exceptional service under one roof,” he said.

The store also offers SPAR’s signature fresh food concepts, including in-store bakery products, ready-to-eat meals and freshly prepared juices aimed at meeting the needs of busy consumers.

The company said customers will benefit from a range of promotional offers, loyalty rewards, weekend deals and seasonal discounts.

SPAR Sri Lanka said the expansion would also contribute to local economic development through employment generation and support for local suppliers, further strengthening the country’s retail sector.

Pic and Text by SK Samaranayake

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Royal end title drought with dramatic shootout triumph

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The victorious Royal College Under-20 hockey team pose with the championship trophy after emerging unbeaten champions of the All Island Under-20 Hockey Tournament at the Rajarata University Grounds in Mihintale. Front row (left to right): Ronal Edirimanne, Sulaiman Shihar, Gunitha Dissanayake, Dilsara Prabath, Kumuthulu Goonathilake, Savain Karunasiri, Vidu Wijesinghe, Seth Pathirathne, Pasindu Epa and Hirun Lindula. Back row (left to right): Stefan Anthonypillai, Geesath Bathisa, Haazim Dhailamy, Teacher-in-Charge Uditha Kumara, Coach Damith Panditharatne, Captain Aathif Faleel, Kithmina Rathnayake, Vice Captain Lithum Karunasiri, Nehan Wijayanayake, Yusuf Shihar, Ruvi Perera and Rumal Jayasinghe.

Royal College, Colombo, emerged unbeaten champions of the All-Island Under-20 Hockey Tournament after defeating defending champions St. Thomas’ College, Matale, in a nail-biting sudden-death penalty shootout at the Rajarata University Grounds in Mihintale last week.

The final ended in a 1-1 draw after Royal equalised five minutes from time to cancel out the Matale side’s earlier lead.

With the penalty shootout also ending in a 4-4 deadlock, the match proceeded to sudden death. The Reid Avenue outfit eventually prevailed in the second round of sudden-death penalties to clinch the title.

A brilliant save by goalkeeper Stefan Anthonipillai, who stretched to his right to deny a crucial attempt, and the decisive conversion by Rumal Jayasinghe helped Royal secure the Under-20 championship for the first time since the tournament’s inception in 2014.

Royal’s centre-forward Savain Karunasiri was one of the team’s standout performers throughout the tournament, scoring crucial goals, including strikes in both the semi-final and the final. Anthonipillai was equally impressive, guarding the goal superbly throughout the seven-match campaign.

Royal finished runners-up when the tournament was held in Matale last year.

The Colombo school produced a series of consistent performances despite having to play on an uneven grass surface that was not ideally suited to the fast-paced modern game.

Royal began their campaign with a 2-0 victory over Christ Church College, Matale, before defeating arch-rivals St. Thomas’ College, Mount Lavinia, 1-0. They then beat Kingswood College, Kandy, 2-0 and Maris Stella College, Negombo, 2-1 to top their group.

In the quarter-final, coach Damith Panditharatne’s side overcame fancied Dharmadutha College, Badulla, by 2-0.

Royal then edged out St. Joseph Vaz College, Wennappuwa, 1-0 in the semi-final, adopting a disciplined defensive approach against the aggressively attacking Puttalam outfit.

In the other semi-final, St. Thomas’ College, Matale defeated Trinity College, Kandy, 3-1. St. Joseph Vaz later beat Trinity 1-0 in the third-place playoff.

Panditharatne’s five-year development programme, with a strong emphasis on fitness, stamina and technical skills, played a key role in Royal’s success. The title marked Royal’s first national Under-20 tournament triumph since winning the National Schools Games in 2017.

A former national player, Air Force striker and Sri Lanka Police coach, Panditharatne has focused on addressing the weaknesses of individual players while building a cohesive unit. The former Christ Church College, Matale player has been coaching Royal since 2022 with the support of the Royal College Hockey Club (RCHC), comprising former Royal hockey players.

For his outstanding performances, Anthonipillai was adjudged the Best Goalkeeper of the Tournament. Royal College was also named the Most Disciplined Team of the Tournament.

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