Business
Electrical equipment experts focus on saving power through tech advancements
by Sanath Nanayakkare
A group of electrical equipment experts at a seminar last week demonstrated to over 200 engineers and technical personalities of the Sri Lankan energy sector, the true value of accurate electrical power distribution measurements and the advantages of minimising power losses.
The seminar and the training session was hosted by Marlbo Trading Company founded in 1989 which has served the country’s energy sector by providing electrical power utilities and testing & measuring equipment to the stakeholders of the industry.
Marlbo represent many of the world-renowned power utilities and testing & testing measuring manufacturers in Sri Lanka and has been responsible for sharing the latest technology from the world to Sri Lanka during the past few decades.
Upul Kulatunga, Director Business Development at Marlbo says,” Our main emphasis is made on the renewable industries such as solar, wind power etc. to overcome the current crisis and to meet future electricity demand of the country. Marlbo supports this effort by enhancing the knowledge of the industry through our principals from around the globe.”
“Marlbo conducted this programme for the engineering fraternity belonging to Ceylon Electricity, Lanka Electricity Board, the national and multinational manufacturing industry and the much sought after renewable energy industry given the current trends in the sector.”
“Representatives of the Fluke Corporation of USA and an eminent personality in the energy industry and Power Quality expert Dr H. M. Wijekoon, Project Director, Colombo Port City Development Project of the Ceylon Electricity Board were on the panel of lecturers who shared their knowledge with the participating professionals.”
“The hybrid session was well attended by over 200 engineers and technical personalities from the energy industry sector with keen interest. The new knowledge will enable them to operate in the industry in a more efficient and economic manner with the use of power quality analysis.”
“Correct results achieved with the use of accurate measurements will bring productivity and saving to their institutes and businesses. Our international partner Fluke Corporation operates over 70 years in the global market and has over 40% market share and is well-known for its quality products. Fluke and our local experts demonstrated to the participants how electrical testing Instruments need to be calibrated at regular intervals to maintain the accuracy of measurements, to help minimize downtime, quickly troubleshoot power quality issues and easily discover the costs of wasted energy which in turn increases productivity for manufacturers and allows plants to maximise their distribution capacities.”
‘High-quality power is about more than saving your money. It’s about making money too. Ultimately, investing in measuring the quality of your power is an investment in the quality of your business,” Kulatunga says.
Business
‘Green Chilies’ returns after seven years to reignite Sri Lanka’s advertising industry spirit
After a seven-year hiatus, one of Sri Lanka’s most loved advertising industry gatherings is making a much-anticipated return. Green Chilies 2026, the iconic festival that once defined the fun, camaraderie and creative spirit of Sri Lanka’s advertising fraternity, returns on 4th June 2026 at Rise Up, Colombo 03, bringing together professionals from across agencies, media, digital, production and marketing for an evening of celebration, entertainment, and industry camaraderie.
Originally launched in 2011, Green Chilies was conceived as a platform to celebrate Sri Lanka’s Young Lions winners as they embarked on their journey to represent the country at the prestigious Cannes Lions International Festival of Creativity, while also creating a unique opportunity for the industry to come together outside boardrooms and deadlines.
This year’s revival comes at an especially meaningful time, as an entire new generation of industry professionals have entered the business without ever experiencing the culture and energy that made Green Chilies such a defining event. Some key highlights will be the recognition of the winners of the young Lions competition and the much-loved return of The Agency Idol, the wildly entertaining competition where agencies battle it out on stage in a spirited showcase of talent, humour, and creativity, bringing back one of the event’s most iconic traditions.
Speaking about the return of the festival, Ranil de Silva, Founder of Green Chilies and of Metal Factor, said: “When we first launched Green Chilies, the idea was simple. It was to celebrate our Young Lions and create something that brought the industry together as one community. Over the years it became far more than an event, it became part of our industry culture. Seeing it return after seven years is very special, particularly because so many young professionals will now get to experience the spirit that made this industry such a fun and inspiring place to be.”
Green Chilies 2026 is organized by Metal Factor and supported by the 4A’s Sri Lanka.
Event Details:
Venue: Rise Up, Alwis Place, Colombo 03
Date: Thursday, 4th June 2026
Time: From 6.30 PM onwards
Contact : Shelley +94 77 342 3123
Business
JKH posts 75% EBITDA growth to Rs.80.01 billion as recent investments begin to contribute
John Keells Holdings PLC (JKH) reported a strong financial performance for FY2025/26, with Group EBITDA increasing 75% to Rs.80.01 billion, reflecting the contribution of investments made over the past several years and the continued performance of the Group’s established businesses.
Group recurring EBITDA increased 71% to Rs.78.05 billion, compared to Rs.45.69 billion in the previous year, driven primarily by Retail, Transportation and Leisure. Recurring profit before tax rose 143% to Rs.35.72 billion, while recurring profit attributable to equity holders of the parent increased 155% to Rs.13.24 billion.
The year also marked the culmination of the largest investment phase in the Group’s history, with the operationalisation of key investments signalling a shift in the capital cycle from development to contribution. Overall funding requirements reduced materially in line with expectations, while net debt to EBITDA stood at approximately 2 times and net debt to equity at approximately 31%.
City of Dreams Sri Lanka recorded positive EBITDA for the full year, following the completion and launch of the remaining components of the integrated resort. Cinnamon Life’s conference and event spaces attracted interest from local and international organisers, while casino operations showed an encouraging pick-up from the fourth quarter onwards.
Colombo West International Terminal, the project company of WCT-1, recorded strong throughput growth during the year, supported by an improving volume mix. The business delivered a positive profit after tax ahead of expectations, despite recognising depreciation relating to phase 1, and has reached full utilisation of phase 1 capacity based on its latest monthly run-rate.
John Keells CG Auto recorded an exceptional year, supported in part by pent-up demand and the brand positioning and vehicle range of BYD.
The Supermarket business recorded approximately 14% growth in same store sales, driven primarily by a 14.3% increase in footfall. The Beverages and Confectionery businesses recorded strong volume growth, with Beverages benefiting from higher margins, while Confectionery margins were impacted by higher raw material costs and expenses linked to new product introductions.
Business
RCSS receives Chatham House Senior Research Fellow for discussion on South Asian Regionalism
Dr. Chietigj Bajpaee, Senior Research Fellow for South Asia, Asia-Pacific Programme at Chatham House, visited the Regional Centre for Strategic Studies on 26 May 2026 and met with the ED/RCSS, Ambassador (Retd.) Ravinatha Aryasinha, and researchers at the Centre. The discussion focused on Regionalism in South Asia and evolving geopolitical developments in the region.
Ambassador Aryasinha detailed the recent and ongoing initiatives undertaken by the RCSS and its wide Alumni Network spread throughout the region in strengthening South Asian solidarity. Dr. Bajpaee impressed on the need to consider alternative forms of regional cooperation in South Asia given the absence of India–Pakistan normalization, resulting in the stagnation of SAARC and the growing pull towards external regional frameworks such as the Regional Comprehensive Economic Partnership (RCEP). The two parties explored possibilities beyond state-led regionalism, including stronger networks among civil society, think tanks, diaspora groups, and business communities, as well as thematic “mini-lateral” cooperation on issues such as climate adaptation and maritime governance.
Ms. Chamika Wijesuriya, Ms. Thedini Herath, and Shayan Peris, Research/Programme Officers at RCSS, were associated with the discussion.
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