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Amana Takaful posts impressive Q1 revenue growth amidst challenging environment

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Amana Takaful Insurance, recently posted handsome financials and growth, for Q1 of 2022, recording a rapid YoY growth of 42% with a total Gross Written Premium (GWP) revenue of LKR 889 million within the quarter. This comes on top of the stellar growth delivered by the company throughout 2021, where Amana Takaful Insurance won several awards for maintaining steady and rapid growth – including the award for the “Fastest Growing Insurance Company in Sri Lanka” by The Global Economics.

It must be further highlighted athat this 42% YoY growth for Q1-2022, is on top of the 27% growth gained by Amana Insurance in Q1-2021, signifying the exponential growth the company has achieved over the past two years. These GWP revenue growth rates were among the highest in the local general insurance industry.

In Q1-2022, the GWP for Motor insurance rose by a whopping 50%, while non-motor GWPs also noted a hefty 34% growth during the period. In the non-motor category, Medical, Marine, and Fire & Engineering insurance delivered GWP growths of 47%, 18% and 12% respectively. Thus, in nearly every segment, Amana Takaful Insurance has been a high performer thus paying testament to its unique and people-friendly Takaful insurance solutions.

Discussing the Company’s exceptional performance, Shehan Feisal, CEO of Amana Takaful Insurance said, “2021 was an excellent year for us, and based on the Q1 results for this year, we can expect the same for 2022. The past two quarters have been specifically exceptional for us, delivering the highest GWP growth rates we have had since the launch of our refreshed identity in January 2021. We are pleased to note that our robust growth rates continue to be among the highest in the industry – since 2021, which has significantly contributed to our rising market share. Our efforts in the motor insurance segment have also paid off, delivering a stellar growth of 50%, and this segment will be a critical part of our strategy going forward.

2021 also witnessed Amana Takaful Insurance conduct significant reforms to its distribution strategy via the branch network. The positive impact of this initiative is reflected in the branch network posting a growth of 22% for the quarter, assisting the company to achieve an all-time sales record in the month of March 2022. Commenting on this positive development, Zakir Kanaka – AGM for Branch Sales Distribution at Amana Takaful Insurance said, “Despite challenging market conditions, we witnessed considerable growth in all three classes of business (motor, medical, non-motor) in Q1 2022. The success of the sales teams was largely due to enhanced productivity and resource optimization. The entire sales force, and operational teams were committed and put in a lot of effort in delivering business results during these challenging times.”

Amana Takaful Insurance pioneered a unique concept of Insurance (Takaful) in Sri Lanka which is based on customer-centricity and ethical practices, and has today become a fully-fledged insurance company in Sri Lanka. Amana Takaful Insurance was incorporated as a Public Company in 1999, and has been listed on the Colombo Stock Exchange since 2006, Amana Takaful Insurance has expanded its geographic foot-print through 35+ branches across Sri Lanka, covering all provinces. An ISO 9001 accredited organization, Amana Takaful Insurance has also maintained an overseas presence in the Maldives since 2005, which was subsequently incorporated as a free-standing PLC and listed on the Maldives Stock Exchange (MSE) in 2011. Amana Takaful Insurance offers a complete range of Life and General insurance solutions as well as tailor-made health insurance policies to suit the overall health needs of diverse segments of society.



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UAE Pledges Support for the Promotion of Energy, Tourism, Investment and Foreign Employment Sectors

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The Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates (UAE), Sheikh Abdullah Bin Zayed Al Nahyan, stated that the UAE will prioritize the promotion of the energy, tourism, foreign investment and foreign employment sectors while further strengthening its longstanding ties with Sri Lanka.

The Deputy Prime Minister who is currently on an official visit to Sri Lanka accompanied by a high-level UAE delegation made these remarks during a meeting with President Anura Kumara Disanayake at the Presidential Secretariat on Tuesday (22).

The Deputy Prime Minister emphasized that this visit aims to further strengthen and expand the strong and longstanding bilateral relations between the two nations, with a focus on achieving mutual economic benefits through deepened cooperation for both countries.

Extending his best wishes on behalf of the UAE and its people to the new administration of Sri Lanka, the Deputy Prime Minister assured the UAE’s full support for the new government’s development agenda.  Furthermore, he praised President Anura Kumara Disanayake’s dedication, efforts and commitment toward rebuilding Sri Lanka, as well as his positive approach toward relations with the UAE.

In response, President Anura Kumara Disanayake emphasized that Sri Lanka has now established an investment-friendly environment. He assured that unlike in the past, the country would not allow the re-emergence of an unstable climate that discouraged investment. The President also stressed that there are now strong legal frameworks in place to protect investments.  The President also briefed the delegation on the government’s steps toward debt restructuring and achieving economic stability. Additionally, he outlined investment opportunities available in port terminal development, port city development, the tourism industry, the energy sector and transportation sector.

President Disanayake further emphasized that the new government’s objective is to position Sri Lanka as the region’s leading investment hub and premier tourist destination.

Among those present at the meeting were Minister of Labour and Deputy Minister of Economic Development, Dr. Anil Jayantha Fernando, Senior Additional Secretary to the President Roshan Gamage, Minister of State (UAE) Ahmed Ali Al Sayegh; UAE Ambassador to Sri Lanka. Khaled Nasser Al Ameri, Assistant Minister for Economic and Trade Affairs (UAE) . Saeed Mubarak Al Hajeri, Assistant Minister of Foreign Affairs for Energy and Sustainability Affairs (UAE)  Abdulla Balalaa, Deputy Chief of Staff at the Office of the Minister of Foreign Affairs to the UAE, Ahmed Burhaima, Director of the Policy Planning Department at the Ministry of Foreign Affairs (UAE) Muath Alwari, Senior Media and Content Specialist at the Office of the Minister of Foreign Affairs (UAE) Maitha Al Mansouri, Desk Officer for Asian Affairs and Pacific Department (UAE) Ms. Huda Al Abdali and several other officials.

[PMD]

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Dialog Enterprise partners with the National Chamber of Exporters to enable digital transformation of Sri Lankan exporters

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From left to right – Sameera Wijerathna, Chief Manager - Digital SME and Education, Dialog Enterprise | Viranga Seneviratne, Head of ICT and Platforms Business, Dialog Enterprise | Navin Pieris, Group Chief Officer - Dialog Enterprise | Shiham Marikar, Secretary General/ Chief Executive Officer- NCE | Dilini Gamlathge - Assistant Director– Member Services/Operations - NCE

Dialog Enterprise, the ICT corporate solutions arm of Dialog Axiata PLC, has partnered with the National Chamber of Exporters of Sri Lanka (NCE) as the official Digital Technology Partner to empower Sri Lankan exporters with cutting-edge digital solutions and Technology expertise.

This collaboration aims to equip exporters with advanced technology-driven capabilities to enhance efficiency, drive innovation, and improve competitiveness in global markets. As Sri Lanka’s No.1 ICT solutions provider, Dialog Enterprise will support NCE and its members with tailored technology solutions, digital transformation initiatives, and expert-led training programs to help businesses embrace Digital Transformation.

“With the government focusing on increasing exports, an export earnings target of $18.2 billion has been set for 2025. The NCE, as the exclusive private sector chamber working with Sri Lankan exporters and service providers to exporters, has engaged in many market access initiatives. The government is also progressing towards a digital economy, and we believe that Sri Lankan exporters must be part of this initiative and advance in the digital arena. It is crucial to ensure that our exporters utilise effective digital platforms to enhance their business activities, including productivity, cost efficiency, and competitiveness in international markets. We believe it is timely to have a Digital Technology partner to help our exporters remain competitive in terms of technology. In today’s rapidly evolving global marketplace, Sri Lankan exporters must integrate digital solutions to stay ahead and drive sustainable growth. This partnership with Dialog Enterprise marks a significant step in ensuring our members have access to the latest technological advancements and expertise to optimise their business operations,” said Shiham Marikar, Secretary General/ Chief Executive Officer- NCE.

This strategic partnership will extend technical empowerment and digital expertise to digital entrepreneurs, manufacturers, SMEs, apparel exporters, retail businesses, agriculture and other industries that rely on digital technology to expand their reach and enhance operational efficiency. With Dialog Enterprise’s industry-leading ICT portfolio, including converged connectivity, cloud services, cybersecurity, data analytics, and Internet of Things (IoT) solutions, exporters will have the tools to digitally transform their businesses and unlock new opportunities.

The collaboration will also introduce training sessions and industry expert support, ensuring NCE members stay ahead of the latest technological advancements and best practices in digital business operations. Additionally, Dialog Enterprise and NCE will work together to host future industry events and initiatives, focusing on technology adoption, digital security, and automation, further strengthening Sri Lanka’s position in the global trade ecosystem.

“At Dialog Enterprise, we believe that technology should be a catalyst for business growth and global expansion. As Sri Lanka’s No.1 ICT solutions provider, we invite businesses across all industries to partner with us in driving digital transformation, unlocking new efficiencies, and creating competitive advantages,” said Navin Pieris, Group Chief Officer – Dialog Enterprise.

Through this partnership, Dialog Enterprise reaffirms its commitment to empowering Sri Lankan businesses with world-class ICT solutions, ensuring they are well-equipped to succeed in an increasingly digital-first economy.

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Team Bileeta celebrating its 15th anniversary

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Team Bileeta celebrating its 15th anniversary, marking a significant milestone in its journey of enterprise digitalization and innovation

Bileeta (Pvt) Ltd, a pioneering Sri Lankan technology company, proudly celebrates its 15th anniversary in 2025. From its inception, Bileeta has championed innovation and digital transformation—thriving enterprise digitalization in the era of AI. What began as a bold vision to create a world-class ERP platform has evolved into a globally recognized provider of next-generation enterprise solutions, empowering organizations across multiple sectors.

Established in 2010, Bileeta was built on a mission to humanize technology and empower organizations with innovative digital solutions. This mission led to the creation of Entution, Sri Lanka’s first-ever cloud-based ERP platform powered by business process architecture —developed entirely by local talent.

As part of its growth journey, Bileeta has expanded its global footprint by partnering with leading international channel partners and establishing regional offices in Singapore, Malaysia, and the Philippines. These strategic moves have strengthened Bileeta’s presence in Asia and enabled the company to serve its growing international customer base better.

In 2014, the company launched Entution ERP, a cloud-based solution designed to streamline operations, enhance accuracy, and deliver real-time business insights. In 2018, Bileeta introduced Entution Vesta, a Health Commodity and Vaccine Information Management System that transformed lifesaving medicine and vaccine distribution across national healthcare systems. Over 6,000 healthcare facilities in Nepal adopted the platform, and Gavi and The Global Fund have recognized it as the most comprehensive eLMIS (Electronic Logistics Management Information System) for low- and middle-income countries. Today, Entution eLMIS supports the medical supply chains of Nepal, the Philippines, and Zimbabwe—a milestone achievement for the Sri Lankan ICT sector and a testament to the country’s growing influence in global digital solutions.

With over 100 organizations, 16,000+ users, and more than 40 million transactions processed through the Entution platform, Bileeta has significantly impacted sectors, including healthcare, livestock, Agriculture, manufacturing, trade, and services.

CEO Sanji De Silva reflected on the company’s journey: “From the beginning, our goal was to build a product that could compete with the best ERP platforms in the world.

We started with just 18 people and a big dream—to become the ERP vendor of choice for global organizations. Today, we’re proud to see that dream realized and Sri Lankan innovation recognized worldwide. Our solutions are now adopted by organizations across various sectors, including four national Ministries of Health. It’s incredibly rewarding to see how our technology is helping organizations become more profitable, scalable, and sustainable.”

Bileeta’s evolution continues with the integration of AI-powered functionality such as demand forecasting into Entution, enabling businesses to optimize inventory, anticipate trends, and improve supply chain efficiency. These innovations reflect Bileeta’s commitment to powering the future of ERP and enabling smarter, data-driven enterprise operations through AI.

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