Business
Allianz Lanka empowers education in Bogawanthalawa by supporting underprivileged students
Allianz Lanka, one of Sri Lanka’s leading insurers, has recently completed an initiative to support the students of St. John Del Rey Tamil Vidyalam. This school is located in the Bogawanthalawa Valley, one of the most picturesque tea-growing areas in Sri Lanka, and serves 543 students from grades 1 to 11.
However, the students of St. John Del Rey Tamil Vidyalam face challenges in their pursuit of education. Many of them come from families engaged in labour work, and the school lacks resources to support them adequately. The school is located approximately 8km from the Bogawanthalawa town, and includes 27 teachers working hard to ensure these students can successfully complete the Grade 5 Scholarship Exam and the Ordinary Level Exam, despite a lack of resources.
In response to this situation, Allianz Lanka donated academic books, library cupboards, and helped to repaint the school environment and give it a facelift to improve the school’s facilities and atmosphere. The donations were officially handed over to the school at a ceremony held recently, which was attended by the Senior Management of Allianz Lanka, together with representatives from Allianz Lanka’s Hatton branch, and its Central Zone for both General and Life insurance. This initiative is part of Allianz Lanka’s CSR strategy, which aims to support quality education in Sri Lanka and contribute to the betterment of the community, while aligning with the UN SDGs.
Commenting on the initiative, Alan Smee, CEO, Country Manager of Allianz Lanka, said, “As a responsible corporate citizen, Allianz Lanka is committed to supporting the Sustainable Development Goal (SDG) of Quality Education and contributing to the betterment of Sri Lankan communities. Through our CSR strategy, we strive to improve the learning experiences and access to education of rural school children by providing them with essential library books and necessary infrastructure support. This project is also in line with our core belief of protecting what is most precious in life, and we are pleased to have been able to make a meaningful difference in the lives of these students. We look forward to getting involved in and conducting other projects like this in the future too.”
Allianz Insurance Lanka Ltd. and Allianz Life Insurance Lanka Ltd., known together as Allianz Lanka, are fully-owned subsidiaries of Allianz SE, a global financial services provider with services predominantly in the insurance and asset management businesses, headquartered in Munich, Germany. The global strength and solid capitalization of the Allianz Group, coupled with local expertise and business know-how, have been Allianz Lanka’s powerful formula for success.
Business
A Record Year for Marketing That Works: SLIM Effie Awards Sri Lanka 2025 crosses 300+ entries
The Sri Lanka Institute of Marketing (SLIM) announces a defining milestone for the country’s marketing, advertising, and creative sectors, as Effie Awards Sri Lanka 2025 records the highest number of entries in its history, crossing 300+ submissions. The unprecedented response reflects a stronger, more confident industry, one that is increasingly committed not only to bold creativity, but to creativity that can prove its value through measurable business and brand outcomes.
Now in its 17th year in Sri Lanka, the Effie Awards remain the most recognised benchmark for marketing effectiveness, honouring campaigns that bring together creative excellence, strategic discipline, and results. As the industry evolves, the Effies have become a space where the agency community, brand teams, media and creative partners are collectively challenged to raise the bar, moving beyond attention and awards, toward work that drives growth, shapes behaviour, and delivers real impact.
The record volume of entries this year also signals a healthy shift in the market: more brands and agencies are willing to be evaluated against rigorous effectiveness criteria, and to put forward work that demonstrates clear thinking, strong execution, and proof of performance. SLIM notes that this momentum highlights the expanding role of marketing and advertising in Sri Lanka, not simply as communication, but as a strategic driver of competitiveness and value creation.
SLIM confirms that the judging process will commence soon, guided by the established Effie evaluation framework that assesses entries on insight, strategy, execution, and measurable outcomes. The Grand Finale is scheduled for end-February 2026, where Sri Lanka’s most effective marketing work will be recognised on a national platform.
For inquiries, entries, and sponsorship opportunities, please contact the SLIM Events Division: +94 70 326 6988 | +94 70 192 2623.
Business
The Unit Trust industry closes 2025 with Rs. 587 Bn assets under management
The Unit Trust industry of Sri Lanka reported a 7.8% year-over-year growth of its assets under management (AUM) to Rs. 587 Bn by the end of 2025. During the year, the AUM reached a high of Rs. 613 Bn, indicating continued interest in the asset category. These assets are currently managed across 86 funds by 16 management companies.
While fixed-income funds accounted for the largest share of AUM, equity-related funds saw strong inflows, increasing by Rs. 30 Bn in 2025 compared to just Rs. 2 Bn for fixed-income funds. This reflects improved investor sentiment, with a clear shift from a capital preservation mindset toward long-term capital growth.
The year also saw a move from ultra-safe short-term instruments to medium-term growth, with strong inflows into open-ended income funds, open-ended equity index/sector funds, and balanced funds, accompanied by a decline in inflows to money-market funds. Additionally, open-ended growth funds (equity) recorded a 79% year-over-year increase, signalling a rising risk appetite among investors.
Commenting on the full-year industry performance, Secretary of the Unit Trust Association of Sri Lanka (UTASL) and Director/CEO of Senfin Asset Management Jeevan Sukumaran noted: “Post-economic crisis, the unit trust industry has been on a strong upward trend with the AUM surpassing Rs. 600 Bn last year.
‘’The steady growth of the unit trust industry in 2025 is a strong indication of increasing investor confidence in professionally managed and well-regulated investment products. Beyond the growth in fund flows, we have also seen encouraging progress in expanding the investor base — not only in terms of unit holder numbers, but also in the broadening of investor demographics — reflecting a gradual shift towards long-term, market-linked investing.”
Business
Swisstek Aluminium opens design studio focused on modern architectural aluminium
Swisstek Aluminium officially opened its new Design Studio at 118A, Nawala Road, Narahenpita, Colombo 05, further strengthening its position as the leading aluminium solutions provider in Sri Lanka. Designed as an experiential space, the studio brings together Swisstek’s aluminium systems in one setting, including Sri Lanka’s first true SLIMLINE sliding systems, alongside a comprehensive range of aluminium doors, windows, and partitions in certified powder-coated and woodgrain finishes.
Commenting on the launch, Group Managing Director Daminda Perera of Swisstek Aluminium stated,”Aluminium solutions in the construction sector are no longer generic. Today, they must respond to the design preferences of clients, harmonising function with aesthetics. The Swisstek Aluminium Design Studio has been created to deliver this experience, offering a curated range of aluminium, flooring, and interior solutions under one roof, enabling informed, design-led decisions.”
The Design Studio is now open to homeowners and industry professionals as a dedicated reference point for modern aluminium solutions in Sri Lanka.
-
Editorial6 days agoIllusory rule of law
-
News7 days agoUNDP’s assessment confirms widespread economic fallout from Cyclone Ditwah
-
Editorial7 days agoCrime and cops
-
Features6 days agoDaydreams on a winter’s day
-
Features6 days agoSurprise move of both the Minister and myself from Agriculture to Education
-
Features5 days agoExtended mind thesis:A Buddhist perspective
-
Features6 days agoThe Story of Furniture in Sri Lanka
-
Opinion4 days agoAmerican rulers’ hatred for Venezuela and its leaders
