Business
Beyond the Echo Chamber: Why diversity is Sri Lanka’s ultimate strategic asset
In a nation standing at a crossroads of economic recovery and social reconciliation, the dialogue surrounding diversity and inclusion has never been more critical. Moving beyond its frequent characterization as a Western corporate buzzword, a recent high-level discussion framed diversity as a cornerstone for Sri Lanka’s future prosperity and unity. The second day of the International HR Conference, hosted by the Chartered Institute of Personnel Management (CIPM) Sri Lanka on June 3rd at the Monarch Imperial in Kotte, convened a powerhouse panel of business leaders to dissect the theme, “Diversity for Creativity: Strengthening Social Cohesion.” The conversation that unfolded was a masterclass in shifting the narrative from diversity as a compliance metric to diversity as a strategic, non-negotiable imperative for innovation and national healing.
The panel, expertly moderated by CIPM President and Siam City Cement Lanka’s Chief People Officer, Priyantha Ranasinghe, featured a formidable lineup of minds: Rajendra Theagarajah, the astute Independent Non-Executive Chairman of First Capital Holdings PLC; Sabrina Esufally, the dynamic Managing Director of Hemas Consumer Brands; Tamali Rodrigo, Partner and Head of Restructuring and Corporate Governance at KPMG Sri Lanka & Maldives; and Shalin Balasuriya, the visionary Co-Founder and Group Director of Spa Ceylon Ayurveda Wellness. Together, they argued that for Sri Lanka to thrive, its boardrooms, product lines, and social fabric must begin to reflect the rich tapestry of its people.
The Unassailable Business Case:Diversity as a Performance Driver
Priyantha Ranasinghe initiated the discourse by acknowledging a crucial gap: while conversations around Diversity, Equity, and Inclusion (DEI) are gaining traction in Sri Lanka, the nation’s corporate sector lags significantly behind global benchmarks in implementation. He set a powerful tone, urging leaders to transcend performative gestures and embed DEI into the very DNA of their corporate strategy.
Rajendra Theagarajah, drawing upon decades of experience in the banking sector, immediately gave this call a tangible form. He argued that intentional diversity, particularly in leadership, is a direct catalyst for superior decision-making. “The quality of a decision fundamentally improves when it is informed by a variety of perspectives,” he asserted. He shared a compelling case study from his career where the strategic recruitment of young people from rural communities to serve those same communities resulted in a more empathetic, effective, and ultimately profitable service model. The lesson was clear and profound: “Diversity must mirror your stakeholders.” For a business to truly understand its market, it must first understand the people within it.
Shalin Balasuriya, whose brand Spa Ceylon has taken Sri Lankan wellness to the global stage, echoed this sentiment. He emphasized that authentic market intelligence is not born from spreadsheets and data analytics alone. “Cultural insights don’t come from data—they come from people. From lived experiences,” he explained. He contended that building an internal team that reflects the consumer base is the first step to genuine innovation. Such an inclusive environment, he argued, not only sparks creativity but also cultivates profound team cohesion and loyalty—a crucial asset in any competitive industry.
For Sabrina Esufally, DEI is not a “nice-to-have” but a core driver of market growth. “If you treat diversity as a compliance, tick-box exercise, you will never unlock its true, transformative value,” she warned. She detailed how Hemas Consumer Brands strategically repositioned its innovation pipeline by asking a simple yet revolutionary question: “Who is the market not solving for?” This inquiry led them to the “margins,” where immense growth opportunities lay hidden in plain sight. By identifying and addressing the unmet needs of underserved populations—such as the lack of access to affordable sanitary products in rural areas or disparities in oral healthcare—the company unlocked new revenue streams while simultaneously fostering greater equity. “Growth happens at the margins,” Esufally declared, positioning inclusion as a powerful engine for business expansion.
Bringing a rigorous consulting perspective, Tamali Rodrigo underscored that in the realm of professional services, cognitive diversity is not merely advantageous—it is essential. “Diverse teams consistently deliver better, more robust solutions. It’s not optional for success,” she stated. However, she cautioned that building such teams requires a structured, deliberate approach. This includes actively managing resistance to change, codifying inclusive policies, and—critically—holding teams accountable through DEI-related Key Performance Indicators (KPIs). “Inclusion isn’t a special project,” Rodrigo insisted. “It must be embedded in how we work every single day.”
The Social Imperative:
Weaving Cohesion from the Ground Up
The discussion then pivoted from the boardroom to the foundational pillars of society, exploring how true inclusion must be nurtured long before an individual’s first job interview. The panelists unanimously agreed that the roots of division, and therefore the seeds of unity, are planted in childhood.
Rajendra Theagarajah spoke with passion about the urgent need to start at the level of early childhood education. He described Rotary-led initiatives that train preschool teachers by intentionally bringing together educators from different regions, ethnicities, and linguistic backgrounds. The transformation was often profound. “By the third day, they were in tears, hugging each other,” he recounted. “It’s not hate that divides us—it’s unfamiliarity.” He also pointed to sports, citing events like the Harmony Cup cricket tournament, as powerful platforms for dismantling social barriers by fostering interaction and shared purpose among youth from different communities.
Shalin Balasuriya reinforced this, identifying the family unit as the primary incubator for inclusive thinking. “Home is where children first learn about difference—about festivals, cultures, and empathy,” he said. He recalled his own formative experiences in scouting and school sports, which enabled him to build friendships that transcended ethnic and social boundaries. “Interaction is the antidote to division,” he concluded.
Sabrina Esufally offered a sharper critique of the current system, arguing that diversity must be normalized, not spotlighted as an exception. “When difference is constantly presented as ‘other,’ it inevitably becomes a point of contention,” she explained. She condemned the structural segregation present in the education system, where children from Sinhala and Tamil backgrounds can attend the same institution for years without ever meaningfully engaging. “We need decisive policy changes to undo this structural separation,” she insisted, calling for systemic reform in curriculum, public policy, and leadership mindsets to construct a genuinely inclusive Sri Lanka.
From Policy to Purpose:
Architecting an Inclusive Corporate Culture
Translating noble intentions into organizational reality requires a deliberate and sustained effort. Tamali Rodrigo shared a powerful example from KPMG, where a mentorship program paired a new recruit who had communication difficulties with a supportive team. By placing him in a role that leveraged his analytical prowess, he thrived, ultimately uncovering significant financial irregularities that others had missed. “We would have missed his extraordinary talent had we not consciously created the space for him to succeed,” she reflected.
This principle of adapting the environment to the individual, rather than forcing the individual to conform, was a recurring theme. Shalin Balasuriya shared Spa Ceylon’s success with an inclusive training program for hearing- and speech-impaired individuals. With the right support systems, these employees not only met but exceeded performance expectations.
The conversation also tackled the more sensitive, yet crucial, dimensions of inclusion. Esufally urged companies to move beyond creating passive ‘safe spaces’ for LGBTQ+ employees and instead foster a culture of genuine celebration. “When people are forced to hide a part of who they are, you lose their full potential, their full creativity,” she stated. “Difference isn’t a liability—it’s your competitive edge.”
To ensure these efforts are not merely anecdotal, Theagarajah advocated for robust data practices to drive accountability. “Track your metrics on gender, ethnicity, disability, and representation at all levels. Tie these DEI metrics directly to performance evaluations and leadership bonuses,” he urged. “In progressive global markets, DEI reporting directly impacts investor confidence and even share price. It’s not just ethical—it’s strategic finance.”
A Cohesive and Creative Nation
The path to a more innovative, resilient, and cohesive Sri Lanka is paved with intentional inclusion. It requires leaders who are brave enough to challenge the status quo, to look beyond their echo chambers, and to design organizations and policies that reflect the nation’s true diversity.
The panelists’ message was unequivocal: diversity is not a soft, feel-good initiative but a hard-edged strategic tool. It is the key to unlocking new markets, building resilient teams, making smarter decisions, and healing societal rifts. As Sabrina Esufally powerfully summarized, “Innovation doesn’t come from sameness.” For Sri Lanka, embracing this truth is not just smart business—it is the most vital investment it can make in its future.
Business
Asia stocks slide as US and Iran threaten to escalate war
Major stock markets in Asia slumped on Monday after Washington and Tehran threatened to escalate hostilities, as the Iran war enters its fourth week.
Japan’s benchmark Nikkei 225 index was almost 3.6% lower, while South Korea’s Kospi fell by almost 6%.
US President Donald Trump warned on Saturday that he would “obliterate” Iranian power plants if Iran did not open the key Strait of Hormuz shipping route. Iran said it would respond to any such strikes by targeting key infrastructure in the region, including energy facilities.
Japan and South Korea have been particularly impacted by the conflict, as they are heavily dependent on oil and gas that would normally pass through the strait.
Iran has effectively blocked the Strait of Hormuz, one of the world’s busiest shipping channels, since the US and Israel attacked the country on 28 February.
About 20% of the world’s oil and liquefied natural gas (LNG) usually passes through the waterway – and the war has sent global fuel prices soaring.
On Monday, International Energy Agency chief Fatih Birol said that the war could see the world facing its worst energy crisis in decades.
Speaking at the National Press Club in Australia’s capital, Birol compared the current energy crisis to those of the 1970s and the impact of Russia’s 2022 invasion of Ukraine.
“This crisis as things stand is now two oil crises and one gas crash put all together,” he said.

“If Iran doesn’t FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 HOURS from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!,” Trump said in a social media post published at 23:44 GMT Saturday.
That threat came after Iranian missiles hit the Israeli city of Dimona, and shortly before a second attack on the town of Arad nearby.
Mohammad Bagher Ghalibaf, the speaker of the Iranian parliament, said on Sunday that energy and desalination infrastructure in the region would be “irreversibly destroyed” if his country’s power plants were attacked.
Such action would significantly escalate the conflict, which has already disrupted global energy supplies, pushing up prices and causing fuel shortages.
Other markets in the Asia-Pacific region were also lower on Monday.
Hong Kong’s Hang was down by almost 3.5% and the Shanghai Stock Exchange Composite index 2.5% lower.
Global oil prices were broadly steady, with Brent crude 0.45% higher at $112.69 (£84.56) a barrel and US-traded oil was up by 0.7% at $98.93.
[BBC]
Business
Healthguard Distribution powers Sri Lanka’s ‘Port to Pharmacy’ medicine supply chain
Human resources remain the biggest challenge despite advanced logistics
Industry-wide cost pressures are also beginning to surface
In Sri Lanka’s pharmaceutical trade, the journey of a medicine does not end when it arrives at the port. It must still travel safely across the island – through regulated warehouses, temperature-controlled transport and complex distribution routes – before reaching the pharmacy shelf where patients need it.
That journey is increasingly being powered by Healthguard Distribution, the pharmaceutical logistics arm of Sunshine Holdings, whose expanding distribution network now plays a critical role in ensuring the reliable movement of medicines across the country.
At the centre of that network is the company’s Western Regional Distribution Centre (WRDC), a temperature-controlled logistics hub designed to support the safe storage and efficient distribution of pharmaceutical products across the Western Province.
Spanning nearly 18,920 square feet, the facility functions as a key node in the company’s islandwide distribution system. Originally acquired in 2008 to serve as the main warehouse for Swiss Biogenic Ltd., the site evolved alongside the company’s growing operations. Following a major upgrade programme that began in July 2024, the facility recommenced operations in July 2025 as a fully compliant regional distribution centre aligned with international quality standards.
According to Sunshine Pharmaceuticals and Healthguard Distribution Chief Executive Officer Shantha Bandara, the company’s logistics model is built around a simple but comprehensive concept.
“Our approach is ‘Port to Pharmacy’,” Bandara said during a recent media visit. “We collect pharmaceutical consignments from the Port of Colombo, clear them through Customs, store them under regulated conditions and then distribute them to pharmacies across the country. Importers and manufacturers do not have to worry about logistics – we manage the entire process.”
The distribution network today serves over 4,500 authorised pharmaceutical outlets, including pharmacies, hospitals, channeling centres, supermarkets and SPC Osusala outlets. Operations span 150 main towns and 466 sub towns, supported by 111 active delivery routes and seven regional distribution centres located across the island.
Within that system, the WRDC is the largest and among the most technologically advanced hubs.
The facility maintains strict cold-chain conditions for temperature-sensitive medicines. Its cold room capacity has been expanded from 15 cubic metres to 30 cubic metres, enabling compliant storage of products such as insulin within the required 2–8°C range. Online temperature monitoring systems operate across all storage zones while data loggers are used for insulin deliveries to ensure product integrity throughout the supply chain.
Delivery vehicles are also equipped with GPS tracking and temperature monitoring systems, allowing real-time visibility of shipments.
Automation and digital systems are increasingly shaping the operation. Software automation supports invoicing and customer credit verification, while sales teams use digital tools for order canvassing. The company’s enterprise systems provide real-time inventory and accounting visibility, supported by data dashboards used for operational decision-making.
To safeguard continuity, the facility is equipped with a high-capacity backup generator and dedicated on-site fuel storage, ensuring cold rooms, monitoring systems and warehouse operations remain functional even during power outages.
Behind the infrastructure is a workforce of 102 employees, supported by a specialised 15-member value-added services team trained in Good Distribution Practice (GDP), cold-chain management, safety and emergency response.
Yet despite the sophisticated logistics and infrastructure, Bandara told The Island that the most persistent operational challenge lies in human resources.
“We have the infrastructure, the logistics systems and the operational capability,” he noted. “However, maintaining the required number of skilled employees is an ongoing challenge because the labour market is constantly fluctuating. Our HR team is continuously recruiting and training to keep the workforce at the required level.”
Industry-wide cost pressures are also beginning to surface. Company officials noted that rising fuel prices could eventually affect transportation and electricity costs within the distribution chain, which may in turn influence pharmaceutical logistics expenses in the short term.
Still, the broader goal of the company remains unchanged – ensuring that medicines reach patients safely and on time.
From the moment a shipment arrives at the Port of Colombo to the point it reaches a pharmacy shelf, the process depends on precision logistics, regulatory compliance and operational discipline. For Sri Lanka’s healthcare supply chain, Healthguard Distribution’s growing network is becoming a key driver of that journey from port to pharmacy.
By Sanath Nanayakkare
Business
From generation to generation: SINGER secures 20th consecutive People’s Brand title
Singer Sri Lanka, the nation’s foremost retailer of consumer durables, celebrates a truly historic milestone at the SLIM-KANTAR People’s Awards 2026, securing a prestigious triple victory while marking 20 consecutive years as the People’s Brand of the Year, an achievement made possible by the enduring trust and loyalty of Sri Lankan consumers.
This year, SINGER was honoured with yet another triple win with People’s Brand of the Year, Youth Brand of the Year and People’s Durables Brand of the Year at the awards ceremony. This remarkable recognition reflects the deep and lasting relationship the brand has built with Sri Lankans across generations, standing as a symbol of trust in homes across the island.
Janmesh Antony, Director – Marketing said: “This award belongs to our customers. Being recognised as People’s Brand for 20 years, alongside Youth and Durables Brand, reflects our commitment to staying relevant across generations.”
Mahesh Wijewardene, Group Managing Director said: “Twenty consecutive years as the People’s Brand is humbling and inspiring. This milestone strengthens our commitment to keeping customers at the heart of everything we do.”
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