Business
APIIT launches a pathway programme that guarantees entry to 2nd year of a university of your choice
For the first time in the Sri Lankan higher education sector, NCUK International Year One (IYOne)—a first-year undergraduate programme that prepares and qualifies international students for entry to the second year of undergraduate degree programmes offered by the NCUK partner Universities—was launched by APIIT Sri Lanka on 27th of September 2022. The event was held at BMICH under the patronage of Bandula Egodage, Chairman, APIIT Sri Lanka and Roshan Egodage, Director, APIIT Sri Lanka, during the inaugural awards ceremony of the NCUK International Foundation Year (IFY). The landmark initiative reaffirmed NCUK’s strong partnership with APIIT Sri Lanka which pioneered the successful introduction of NCUK qualifications to Sri Lanka in 2021.
NCUK IYOne is designed for students who are planning to continue their studies overseas after the completion of the first year of their undergraduate studies in Sri Lanka. Upon the completion of the NCUK IYOne pathway programme, students will be eligible for the 2nd year of, not only one, but numerous undergraduate degree programmes offered by selected NCUK partner universities, which substantially sets the NCUK IYOne apart from other pathway programmes available in Sri Lanka.
During the event, Bandula Egodage, Chairman, APIIT Sri Lanka commented on the contemporary need to broaden the horizons of the education landscape in Sri Lanka. “Since the launch of the NCUK International Foundation Year in 2021, APIIT has been actively sought-after by students and parents for foundation as well as undergraduate study. We consider it our duty to continue improving higher education opportunities in Sri Lanka, and the NCUK IYOne is the next milestone of many more revolutionary educational solutions to be offered by APIIT to the Sri Lankan student community.”
Currently, APIIT is proud to offer the NCUK IYOne in both Law and Business. On completion of the NCUK International Year One in Law, students are able to transfer to multiple universities in UK including, Aston University, University of Bradford, University of Huddersfield, Leeds Beckett University, and University of Sheffield. For students who complete the NCUK International Year One in Business, a number of leading universities in UK, Canada and Australia are available for progression.
Established in 1999, APIIT Sri Lanka is well known for its contribution to the higher education industry in Sri Lanka. APIIT conducts undergraduate and postgraduate degree programmes in Business, Computing, and Law, awarded by Staffordshire University, UK. With a current student population of over 2,000 students and a current annual intake of around 1000 students, APIIT Sri Lanka is the largest provider of British degree programmes in Sri Lanka, and has set a benchmark for quality and standards in private higher education in Sri Lanka.
Business
HNB General Insurance becomes the only General Insurer named among Sri Lanka’s 50 Best Workplaces™ 2026 by Great PlaceTo Work®
HNB General Insurance (HNBGI) has become the only General Insurance company to make it to the exclusive list of 50 Best Workplaces™ in Sri Lanka for 2026. Compiled by Great Place To Work®, the renowned global authority on workplace culture, the prestigious list features 50 Sri Lankan organizations across all sizes, with HNB General Insurance ranking 16th in the “Large Sized Workplaces (>500 Employees)” segment.
This recognition is based on comprehensive, confidential survey data assessing employee experiences of trust, innovation by all, meaningful organizational values, and leadership effectiveness. Organizations were rigorously evaluated on how well they create a “For All™” workplace experience, where every single employee is welcomed, supported, and engaged.
A workplace culture rooted in trust, belonging, and shared purpose is just one reason employees love working at HNB General Insurance, according to research and consulting firm, Great Place To Work®.
According to Great Place To Work®, “A best workplace is one in which employees, no matter who they are and what they do for the organization, are having a consistently positive experience of a ‘Great Place To Work For All™’. It is an honor for HNB General Insurance to be recognized by their employees as an organization that fosters a foundation of trust and meaningful values through effective leaders.”
The credential is backed by exceptional data from the anonymous survey, where an outstanding 95% of participating HNBGI employees expressed an extremely high view of the company’s workplace culture. This remarkably high score is particularly noteworthy within the ‘Large Sized Workplaces’ category, where maintaining consistent engagement across a vast workforce presents unique structural challenges.
Mr. Sithumina Jayasundara, Executive Director/CEO – HNB General Insurance, shared his thoughts on the milestone, stating, “Transitioning from being Certified™ last year to becoming the only general insurance company to be recognized among Sri Lanka’s 50 Best Workplaces™ this year makes this achievement even more meaningful and reinforces our commitment to building a workplace where our people can thrive.
Business
Finch Foods showcases the finest of Sri Lanka at Bandaranaike International Airport
Finch Foods has officially opened its premium travel retail outlet at Bandaranaike International Airport, marking a significant milestone in the company’s journey to build a globally recognized Sri Lankan food brand. Located within the Departure/Transit Duty Free area, the outlet has been designed to showcase the finest ingredients, flavours and gifting collections from Sri Lanka to international travelers.
The new outlet brings together a curated range of premium Ceylon products, including cinnamon, vanilla, botanicals, natural wellness products, superfoods, authentic Sri Lankan spices, artisan food products, premium honey, natural oils and exclusive gifting collections. Designed as an immersive retail experience, the outlet celebrates Sri Lanka’s rich agricultural heritage, craftsmanship and culinary identity while presenting them through a modern premium brand experience.
For Finch Foods, the opening represents more than the launch of a new retail outlet. Establishing a permanent presence at Sri Lanka’s international gateway provides the brand with a powerful platform to introduce international travellers to value-added Sri Lankan products. It also reinforces the company’s long-term vision of taking the finest of Sri Lanka to the world through innovation, premium branding and global market access.
Commenting on the launch, Fawaz Fassi, Managing Director of Finch Foods, said, “The opening of our outlet at Bandaranaike International Airport is a proud milestone in the Finch Foods journey. More than a retail outlet, it is a platform to introduce millions of international travelers to the very best of Sri Lanka and demonstrate how our country’s finest ingredients can become globally recognized branded products.”
Business
Renewed volatility in West Asia takes toll on stock trading
The CSE overwhelmingly showed some downward trends yesterday because of investor worries over renewed US-Iran tensions in West Asia, market analysts said.
The All Share Price Index went down by 133 points, while the S and P SL20 declined by 35 points.
Turnover stood at Rs 2.2 billion with five crossings. Those crossings were: Renuka Foods 18 million shares crossed to the tune of Rs 450 million; its shares traded at Rs 25, JKH 619,000 shares crossed to the tune of Rs 391.4 million; its shares traded at Rs 20, EB Creasy four million shares crossed for Rs 160 million; its shares sold at Rs 40, CCS 565,000 shares crossed for Rs 70 million and its shares sold at Rs 124 and NDB 185,000 shares crossed for Rs 20.1 million; its shares traded at Rs 109.
In the retail market companies that mainly contributed to the turnover were: Dialog Rs 101 million (4.3 million shares traded), CCS Rs 92.8 million (747,000 shares traded), Industrial Asphalts Rs 72 million (104 million shares traded), Commercial Bank Rs 53 million (256,000 shares traded), JKH Rs 51.8 million (2.5 million shares traded), Sampath Bank Rs 45.4 million (323,000 shares traded) and Colombo Dockyard Rs 35.4 million (282,000 shares traded). During the day 210 million share volumes changed hands in 19291 transactions.
It is said that mixed market reactions were noted during the day. Manufacturing sector, especially JKH, and the banking sector, specially NDB performed well.
Industrial Asphalts (Ceylon) sold 1,800,693,010 shares, representing a controlling 48.03 percent stake, to Arcasia Investment & Trading and ATX Partners.
The shares were held by its Executive Director Govindasamy Ramanan.
The agreement was struck on July 7, CSE sources said.
Arcasia and ATX are also shareholders of Ambeon Capital, having acquired a 11.97 percent stake in 2024.
Industrial Asphalts trading was halted till 11.00 am yesterday amid the announcement, with the stock trading last at 50 cents.
Yesterday the rupee was quoted at Rs 335.50/90 to the US dollar in the spot market , weaker from Rs 334.75/85 the previous day, while bond yields were up, dealers said.
The telegraphic transfer rate for Sri Lanka’s rupee against the US dollar was 374.4884 buying, 339.50 selling; the euro was 374.4884 selling, 388.4054 buying; and the pound was 440.2500 buying, 454.2956 selling.
By Hiran H Senewiratne
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