Business
CA Sri Lanka Honours Five Chartered Accountants for Lifelong Service to the Nation and Profession
In celebration of an enduring legacy and unwavering commitment to excellence, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently honoured five distinguished Chartered Accountants for their outstanding contribution, which has not only shaped Sri Lanka’s financial and economic landscape but also enriched the corporate world, society, and the nation through visionary leadership, ethical stewardship, and a deep sense of civic responsibility.
At a grand ceremony held at Monarch Imperial, CA Sri Lanka bestowed the prestigious Lifetime Achievement Award 2025 on veteran Chartered Accountant Mr. Hemaka Amarasuriya. In addition, Chartered Accountants Mr. Don Kumaray Uttumdunna Corea, Ms. Yoshita Shirani de Silva, Mr. M. V. Muhsin, and Mr. Mohan Asoka Abeynaike, were inducted into the CA Sri Lanka Hall of Fame for the year 2025, in recognition of their extraordinary contributions to the accounting profession, the business world, and society at large.
President of CA Sri Lanka Mr. Heshana Kuruppu presented the five distinguished members with mementoes in the presence of Vice President Mr. Tishan Subasinghe, Past President Mr. Arjuna Herath, and Chief Executive Officer Ms. Lakmali Priyangika.
A Fellow Member of CA Sri Lanka, Mr. Hemaka Amarasuriya is a distinguished corporate leader whose career spans over four decades. He began his journey with the Singer Group in 1973 and rose to become Chairman in 1985, steering the company to remarkable success until his retirement in 2015. Under his leadership, Singer was consistently ranked among Sri Lanka’s top companies and recognised as a leading brand. Mr Amarasuriya also held key regional and global roles, including Senior Regional Vice President overseeing operations across multiple continents. His inclusive leadership style and commitment to people development were hallmarks of his tenure. Beyond the corporate sphere, he contributed significantly to public service, including roles with the Securities and Exchange Commission, the Presidential Task Force on Science and Technology, and leadership positions in the financial sector. He also served as Chairman of Sri Lanka Cricket, founding the Cricket Academy and leading the team to an ICC Champions Trophy win.
Mr. Don Kumaray Uttumdunna Corea is a globally respected Chartered Accountant whose career spans continents and sectors. After qualifying in Sri Lanka, he built a distinguished international career, notably in Botswana, where he became the founding Senior Partner of PricewaterhouseCoopers and served on the Governing Board of PwC Southern Africa.
Ms. de Silva is a trailblazing Chartered Accountant whose career spans over four decades of professional excellence and community service. A Fellow Member of CA Sri Lanka, she began her journey at M. N. Sambamurti & Co. and rose to become Managing Partner of Kreston Sri Lanka, leading the firm until her retirement in 2022. Her expertise in audit, assurance, and tax advisory services has supported a wide range of clients across sectors. She also played a vital role in shaping the profession through her service on the Council of CA Sri Lanka and other key institutions. Beyond her professional achievements, Ms. de Silva has made a profound impact through social service. As President of Soroptimist International of Colombo, she led initiatives in early childhood education, healthcare, and support for visually impaired children.
Mr. M. V. Muhsin, a Fellow Member of CA Sri Lanka, is one of the country’s most distinguished global professionals. He holds the distinction of being the highest-ranking Sri Lankan to serve in senior leadership at the World Bank Group, where he was Vice President and Chief Information Officer.
Mr. Mohan Asoka Abeynaike has made a lasting impact on Sri Lanka’s professional and corporate sectors through decades of dedicated service. A former President of CA Sri Lanka, he played a pivotal role in shaping the Institute’s strategic direction, including the establishment of the Faculty of Taxation, a landmark initiative in professional education.
Business
USD 50 mn battery storage investment expected to power SL’s renewable energy push
Sri Lanka has taken a major step towards modernising its power infrastructure with the arrival of the country’s first commercial-scale Battery Energy Storage System (BESS), part of a USD 50 million investment expected to transform the integration of renewable energy into the national grid.
The first shipment of battery units arrived at the Port of Colombo recently for the landmark Galle and Matara BESS projects being developed by Galilee BESS (Pvt) Ltd, a subsidiary of KHEN Energy Limited. The projects are expected to play a pivotal role in enhancing grid stability, reducing renewable energy curtailment and strengthening the country’s energy security.
The shipment comprised 25 containers, including 18 battery units weighing 42 metric tonnes each, making it one of the largest and most technically demanding renewable energy cargo movements handled in Sri Lanka to date.
Energy industry officials describe the project as a milestone investment that will help bridge one of the biggest challenges facing renewable energy development—storing electricity generated from intermittent sources such as solar and wind power for use when demand peaks.
Once operational, the BESS facilities will support the National System Operator by absorbing excess renewable energy during periods of high generation and releasing it when required, thereby improving efficiency and reliability across the power network.
The technology is being supplied by global energy storage leader Sungrow Power Supply Co., Ltd., reflecting growing international confidence in Sri Lanka’s renewable energy sector and its long-term clean energy ambitions.
Beyond its energy significance, the project also highlights the increasing scale and sophistication of infrastructure investments entering the country.
Expolanka Freight (Pvt) Ltd was entrusted with the end-to-end logistics operation, overseeing customs clearance, specialised transportation, storage, unloading and final placement of the battery units at the project sites.
Finance and Project Director Fazul Ansar said the operation required extensive engineering studies, route assessments and rigorous safety planning owing to the hazardous classification and extraordinary weight of the cargo.
Head of Project Logistics Mohamed Niyas said months of preparation had gone into route surveys, lifting studies and risk mitigation planning to ensure the successful execution of the project.
Project officials said specialised multi-axle trailers and cranes with lifting capacities ranging from 100 to 150 tonnes were deployed for the operation, while access modifications and last-mile transport solutions were implemented at both project locations.
By Ifham Nizam
Business
AI and Data Analytics Summit 2026 drives the nation’s digital future
The AI and Data Analytics Summit 2026 organised by the Sri Lanka Section of BCS, the Chartered Institute for IT was successfully held on 22nd May 2026 at Waters Edge, Colombo. The high-impact summit themed “Next Generation AI & Data Analytics: Skills & Thoughts for the Intelligent Future” brought together senior policymakers, global technology experts, industry leaders, academics, and innovators to explore how Artificial Intelligence (AI) and Data Analytics are reshaping the nation’s digital and economic future.
The event, endorsed by the Ministry of Digital Economy, was graced by Waruna Sri Dhanapala, Secretary to the Ministry of Digital Economy, who attended as the Guest of Honour, underscoring the government’s strong commitment to advancing AI adoption, digital innovation, and data-driven governance in support of Sri Lanka’s broader public sector transformation agenda. Dr. Sadeep Jayasumana, Chief Scientist at Octave, delivered the keynote address on Generative AI, sharing insights into its transformative potential.
Speaking on the significance of the summit, Prof. Lasith Gunawardena, Chairman the Sri Lanka Section of BCS, the Chartered Institute for IT noted that Artificial Intelligence and Data Analytics have become present-day enablers of innovation, economic growth, and societal progress. He emphasized that the summit was guided by BCS’s purpose of Making IT Good for Society and by the national need to bring together thought leaders, practitioners, policymakers, and industry experts to foster collaboration, knowledge sharing, and the responsible adoption of transformative technologies, thereby strengthening Sri Lanka’s digital readiness and supporting a resilient, inclusive, and globally competitive digital economy.
Ransith Fernando, Chair of the summit mentioned ” This year’s summit brought together 21 speakers who shared valuable insights, ideas, and experiences. We heard inspiring success stories, gained practical knowledge from industry practitioners, and explored strategic perspectives from business leaders. These conversations highlighted both the opportunity and the responsibility before us. While innovation is accelerating globally, Sri Lanka must align policy, talent, and industry readiness to truly operationalize AI at scale and ensure an inclusive and sustainable digital transformation.”
Deshan Liyanage, Co-Chair of the AI and Data Analytics Summit 2026 commented that this year’s summit was a fully sold-out event, reflecting the growing national momentum around Artificial Intelligence and Data Analytics in Sri Lanka. He extended heartfelt gratitude to all participants who joined and contributed to the success of the summit, as well as to the sponsors whose support made the event possible. Special appreciation was conveyed to Sysco LABS as the Strategic Partner, Linear Six as the Bronze Partner, InTalent Asia as the Resource Partner, and Motivista as the Event Partner. He also acknowledged the valuable collaboration of industry associations including SLASSCOM, FITIS, and CSSL, whose partnership helped strengthen and elevate the initiative.
Business
Eswaran Brothers empowers women through a transformative leadership journey
As part of its commitment to advancing women’s empowerment and building a stronger leadership pipeline, Eswaran Brothers Exports (EB), a leading tea manufacturer in Sri Lanka, launched its flagship women’s leadership initiative, She Transforms, a customized six-month leadership development journey. Developed with award-winning leadership expert Senela Jayasuriya and supported by Value for Women, the programme forms a key pillar of the Company’s wider gender agenda focused on leadership capacity building, inclusion and long-term institutional change.
Women make up 44% of Eswaran Brothers’ workforce, yet only 23% held senior roles at the time of an initial gender diagnostic conducted with Value for Women and supported by FMO, the Dutch Development Finance Bank. The assessment found that despite their potential, many women faced unclear career pathways and limited structural support at critical life stages.
In response, Eswaran Brothers introduced strategic mindset and policy interventions designed to remove barriers and create a more enabling environment for women to grow and lead. These efforts included mentorship opportunities, enhanced support for employees returning from maternity leave, coaching for managers, and initiatives aimed at strengthening inclusion and career progression across the organization.
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