Business
FACETS Sri Lanka returns with Premier Edition in January 2023
FACETS Sri Lanka, among the most sought after international gem and jewellery trade shows on the global gem procurement and sourcing calendar, is scheduled to make a comeback in 2023 after a hiatus of two years. FACETS Sri Lanka Premier Edition 2023 will make this comeback from the 7th to 9th January at Cinnamon Grand with a grander promise of sparkle and glamour, from this island home of the Ceylon Sapphire.
At the media launch attended by the Chairman of the National Gem & Jewellery Authority (NGJA) Viraj De Silva, Chairman of the Export Development Board Suresh de Mel, FACETS Sri Lanka Chairman Altaf Iqbal and President Sri Lanka Gem and Jewellery Association (SLGJA) Ajward Deen among other heads of institutions, it was reiterated that the unique Ceylon Sapphire must hold pride of place in this exhibition and that given the popularity of Sri Lankan gems the world over, FACETS Sri Lanka etches a pathway to adding fillip to Sri Lanka’s foreign reserves.
FACETS Sri Lanka has a vision to take Sri Lankan gems into newer brighter spaces enabling foreign exchange revenue to be earned for the country, positioning itself to achieve USD 1 billion in exports in 2023.
“The Ceylon Sapphire’s unique beauty and value has been renowned for over 2500 years and it has firmly placed itself among the world’s most important gemstones,” said Iqbal who is also a Director of the International Coloured Gemstones Association. While detailing the uniqueness of Sri Lankan gemstones, he also added that FACETS Sri Lanka will concentrate on creating an international design trends where all artisanal crafted jewellery will place a coloured gemstone as its centerpiece. “If you look at some of the most valuable masterpieces among royalty around the world for instance, it is a Sri Lankan gem that holds the centerpiece. We have to bring that trend back, bigger and better of course.”
President of SLGJA Deen noted that FACETS Sri Lanka is a unique exhibition that has always epitomized the quintessence of the industry. “Undeniably, this Premier Edition takes Sri Lanka’s gems and jewellery beyond the stone and into the global space of placing Sri Lanka among the world’s best. We are showcasing the treasure trove of gems this little island, known as Ratnadweepa – or land of gems as it was called from ancient trading times. This is just the beginning of ensuring that Sri Lankan gems will be the preferred choice for any jewellery, anywhere in the world.”
Chairman of NGJA De Silva observed that the Sri Lankan gem and jewellery industry has continued to be active internationally throughout, showing at exhibitions in Europe and the Middle East. “The response we have received has been spectacular and the endorsements very encouraging. We need to maintain this momentum and build on it because the world knows about the value, beauty and uniqueness of our gems and we now need to push it up to the next rung and become the best known gems in the world.” He also said that FACETS Sri Lanka will have a curated collection of SMEs, who encompass the backbone of the industry, in a specially demarcated area at the exhibition.
The Sri Lanka Gem & Jewellery Association (SLGJA) is the apex private sector organisation representing the interests of all industry sub-sectors from mining through manufacturing, wholesale and retail. It organizes FACETS Sri Lanka in partnership with the National Gem and Jewellery Authority and the Sri Lanka Export Development Board.
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
Commercial Bank leads nationwide aquatic clean-up drive
Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.
Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.
The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.
Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.
The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.
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