Business
AIA’s national safety endeavour, the Poson Safety Programme, successfully concludes with zero deaths
The AIA Poson Safety Programme, AIA’s flagship CSR commitment to Sri Lanka, successfully ended for 2022, with zero deaths reported due to drowning in and around the sacred city of Anuradhapura in the month of June.
As a result of this programme, the thousands of pilgrims that visited Anuradhapura this Poson were able to bathe safely in the surrounding lakes and reservoirs to cleanse themselves before engaging in their religious rituals.
AIA Insurance’s commitment towards the AIA Poson Safety Programme goes back to 1993 where AIA together with Sri Lanka Lifesaving and Sri Lanka Police facilitated lifeguards across most reservoirs and lakes around Anuradhapura to ensure that pilgrims were safe when they bathe in the bodies of water. In this 27th year, the programme was held across three days, covering Anuradhapura, Polonnaruwa, Dambulla and Mihintale and facilitated 500 lifeguards across 22 reservoirs. AIA also marked warning signs around the areas on where it is dangerous and safe to bathe while creating awareness on the dangers of drowning through displays, signboards, hoardings, and pennants across the Anuradhapura District, to encourage pilgrims to be cautious.
Despite the current economic challenges, AIA was determined to continue its societal endeavours. Having saved many lives and achieving zero deaths, indeed highlights the importance of this societal endeavour.
“I am so deeply grateful and indebted to the volunteers who saved mine and my son’s life” said a rescued pilgrim, adding “we come on pilgrimage to Anuradhapura every year, but this was the first time my son visited Anuradhapura for Poson with so many dreams to achieve ahead in life. This initiative organised to ensure the pilgrims’ safety is meritorious because if not for them my family would have lost two lives unnecessarily.”
AIA’s Chief Executive Officer Chathuri Munaweera noted, “As Sri Lankans this is a time that we need to find ways to help each other. Seeing thousands of Sri Lankans gathering to Anuradhapura to celebrate Poson irrespective of the challenges in transportation and being there for them to ensure their safety was such a heartening experience. As always AIA kept our promise of safety in this programme and over the years have helped to save over 200 lives. This year too AIA’s Senior Management was at site in Anuradhapura together with our project team and Wealth Planners showing our commitment to the cause. I am so grateful and thankful to our partners – Sri Lanka Lifesaving, Sri Lanka Police, Sri Lanka Navy and the Civil Security Division who so enthusiastically support AIA’s Poson Safety Programme with their lifeguards each year in this great cause of protecting lives.”
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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