Business
NCC focusing on SDGs, inclusivity and equality
(Continued from Saturday)
Collaborations with Professional Institutes
With the view of developing business opportunities for both MSMEs sector and the Corporate Sector the Chamber singed MoUs with the Association of Chartered Certified Accountants (ACCA), Chartered Financial Analysts (CFA Society) Sri Lanka.
National Business Excellence Awards 2021
The most awaited business benchmark program, the National Business Excellence Awards 2021 (NBEA), was launched on the 16th of November 2021. Chamber initiated a fresh approach to structure the content of the NBEA Application to capture current trends shaping the industries and businesses across world with further emphasize on securing long-term sustainability through Environmental, Social and Governance (ESG) initiatives required to create long-term value for all, not just for selected few.
The final event is scheduled in February/March 2022 – to be conducted with compliance to all health regulations. It is very encouraging to receive over 100 applications for the competition.
Sustainable Development Goals
As the country’s foremost Chamber in business development, NCCSL’s focus on business sustainability has grown gradually over the years. Its services to members and businesses, especially in the micro, small and medium sectors have an unmistakable undertone of sustainable development, with a strong focus on inclusivity, diversity and equality. Intrinsically, the National Chamber of Commerce is responsible for developing businesses to reach their potentials, while embedding a consciousness for social development and environmental sustainability into organizational actions, values and objectives.
We have embarked on a journey giving the emphasize on Sustainable Development Goals, inter alia, Quality Education – Ensuring inclusive and quality education and promoting lifelong learning opportunities for all, Gender Equality – Achieving gender equality and empowering all women and girls, Reduce Inequality – Reducing inequality within and among Sri Lanka, and Partnership for Goals – Strengthening the means of implementation and revitalizing the global partnership for sustainable development.
Wayforward
The all of our activities during the last year and moving forward this year also will be based on our Vision to be the leading source of services and assistance to businesses countrywide for promotion of domestic and foreign trade with special emphasis on the development of Micro, Small and Medium Enterprises. We will endeavor to make sure our strategies and activities moving forward also to be align with Sustainable Development Goals and upholding diversity, inclusivity and equality in creating long-term value for all in the society enhancing the power through unity.
In order to enlighten the stakeholders I would like to briefly elaborate on our expected activities in the near future.
NCCSL is planning to join with an international Webinar on “Connecting South Asia with Global Markets through Hong Kong” jointly organized by Hong Kong Trade Development Council (HKTDC), Federation of Indian Chambers of Commerce & Industry (FICCI), Dhaka Chamber of Commerce & Industry (DCCI) and Federation of Nepalese Chambers of Commerce & Industry (FNCCI) on 10th February 2022.
We will be working with St. Petersburg International Economic Forum (SPIEF) organized by The Roscongress Foundation in Russia during June 2022 which is one of the largest events of this nature in the world.
NCCSL is planning to revive the Meet the Ambassador initiative physically which we could not continue due to Pandemic, however, it is expected to recommence the event moving forward in order to facilitate trade, exports and investments.
Further, we are expecting trade and investment delegations from Sultanate of Oman and Bangladesh in the near future with a view to facilitate trade, export and investment opportunities among our nations.
Further, NCCSL is expecting to launch entrepreneurship development program in both Sinhala and Tamil language throughout the island in order to uplift required skills of doing business, business planning, finding markets and finance, improve taxation knowledge and financial literacy of our SMEs.
I take the opportunity to express my sincere gratitude to all the office bearers, council members and the NCCSL team led by CEO/Secretary General Bandula Dissanayake; without your immense support NCCSL wouldn’t have achieved the success in every activity we engaged in.
Thank you.
(Concluded)
Business
DIMO KNIGHTS 2026 Reinforces a Culture of Recognition and Growth
DIMO celebrated DIMO KNIGHTS 2026, recognizing employees whose exceptional dedication, leadership, innovation, and commitment continue to shape the organization’s success. More than an employee recognition event, DIMO KNIGHTS reflects DIMO’s unwavering commitment to cultivating a workplace where people are empowered to thrive, reinforcing the Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing its Corporate Purpose of Fuelling Dreams and Aspirations to life.
Held under the theme “Illuminating Leadership, Inspiring Achievement,” the event celebrated individuals who exemplify DIMO’s values and inspire excellence across the organization. By recognizing those who consistently go above and beyond, DIMO continues to foster a high-performance culture where people are empowered to innovate, lead, and create meaningful impact.
A highlight of the evening was the keynote address delivered by Mr. Ravi Kant, former Managing Director and Vice Chairman of Tata Motors India, who shared valuable insights on leadership, organizational transformation, and building resilient organizations capable of sustaining long-term success.
Commenting on the event, Ms. Dilrukshi Kurukulasuriya, Executive Director / Chief Human Resources Officer of DIMO, said: “Our Tribe is the driving force behind DIMO’s continued success. DIMO KNIGHTS is more than a celebration of outstanding performance; it is a reflection of the culture we strive to build every day. By recognizing and empowering our people, we reinforce our Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing our Corporate Purpose to life. When our people grow, innovate, and thrive, they create lasting value for our customers, partners, and the communities we serve.”
DIMO KNIGHTS reinforces the organization’s people-first philosophy by fostering a culture of appreciation, continuous learning, and purposeful leadership. The programme reflects DIMO’s conviction that when employees are empowered, recognized, and inspired to excel, they shape the future of the organization through innovation, collaboration, and sustained excellence, strengthening a high-performing culture that delivers lasting value, drives sustainable business success, and reinforces DIMO’s position as an employer of choice.
The evening recognized employees across a wide range of categories, celebrating outstanding performance, innovation, collaboration, customer focus, and leadership. The ceremony culminated with the presentation of the prestigious Innovator of the Year and Employee of the Year awards, with the Employee of the Year accolade presented to Mr. Chathura Gunasekera.
As DIMO continues to invest in developing exceptional talent, initiatives such as DIMO KNIGHTS reaffirm the organization’s belief that sustainable business success begins with its people. By creating an environment where individuals are recognized, empowered, and inspired to achieve their full potential, DIMO continues to cultivate a purpose-driven, high-performing workforce that is equipped to shape the future of the organization while delivering lasting value to all stakeholders.
Business
Sri Lanka’s lifestyle coffee culture boom and the two faces of its economy
By Sanath Nanayakkare
On Baseline Road in Colombo, Barista Coffee recently opened its 100th outlet. For a modern café culture spreading across shopping centers, office districts, and provincial towns, this milestone is a major commercial success. It shows a thriving urban service sector and a growing class of lifestyle consumers who use coffee shops as places to work, socialise, and meet.
This is a curious new picture emerging from Sri Lanka’s post-crisis economic recovery: the coffee cup is getting bigger, even as the household tea cup tells a very different story.
Yet, looking past the espresso machines, a different reality unfolds in the country’s kitchens.
International financial institutions note that while Sri Lanka’s macro-economy is recovering, household welfare and employment remain below pre-crisis levels. Poverty rates sit at roughly double what they were in 2019, and food prices doubled over a three-year span, forcing families to cut back on essentials.
This creates a striking local paradox, especially given Sri Lanka’s proud heritage as a global tea producer. While the world pays top dollar for Ceylon Tea, local market studies and industry reports have long pointed out an unfortunate disparity: many ordinary families find high-quality tea too expensive, often settling for lower-grade alternatives at home.
The growth of a 100-outlet coffee network does not mean prosperity has spread evenly across the island. Instead, it proves that there is a specific, well-resourced segment of consumers with the purchasing power to sustain a premium lifestyle economy, even as many other households carefully calculate the cost of everyday groceries.
Barista’s 100th store is not a bad-news story; it is a testament to acute entrepreneurial grit, shifting consumer behavior, and the vital revival of the nation’s urban service sectors. But it serves as an uncompromising reminder that macroeconomic stabilisation is not synonymous with household recovery.
As Colombo’s coffee culture looks toward its next hundred outlets, the true pulse of the nation’s economic health will not be measured by the espresso machines humming in sleek urban hubs, but by the quiet arithmetic happening in millions of kitchens beyond its doors – where the fundamental question remains whether a family can comfortably afford a better cup of Ceylon Tea.
Business
Aitken Spence Hotel Holdings Rs. 5 billion debenture issue oversubscribed on opening day
Aitken Spence Hotel Holdings PLC announced that its maiden listed, rated, unsecured, senior
redeemable debenture issue was oversubscribed on its opening day, 15th September 2026.
The Company sought to raise Rs. 3 billion through an initial issuance of 30 million debentures at Rs.
100 each, with an option to issue a further 20 million debentures in the event of oversubscription of the initial issue, increasing the total issue size to Rs. 5 billion.
The Company said it had received applications for more than 50 million debentures, the full amount on offer, prompting the issue to close at 4:30 p.m. on the opening day (15).
The basis of allotment will be announced to the Colombo Stock Exchange as per regulatory requirements in due course.
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