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Cargills partners with the USAID Sri Lanka Energy Program

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In support of Sri Lanka’s transition to E-mobility, Cargills and the United States Agency for International Development (USAID)’s Sri Lanka Energy Program signed a grant agreement to pioneer electric vehicle (EV) charging stations across multiple Cargills FoodCity locations in Colombo. The grant is for a pilot project for renewable energy powered charging stations for electric three-wheelers/two-wheelers through the nation’s largest supermarket chain.

Sri Lanka’s high dependence on non-renewable energy, which is predominantly powered by fossil fuels that are imported, has highlighted the urgent need for sustainable clean energy solutions that can create a positive impact in the country. Therefore, the USAID Sri Lanka Energy Program has identified the development and implementation of renewable energy powered EV charging stations as a much needed infrastructure support to advance E-mobility in the country. Whilst catering to all types of EVs, the charging stations will be used to power E-two-wheelers and E-three-wheelers that are widely used for passenger transport, domestic goods transportation, and play a crucial role in providing livelihood opportunities to marginalized populations. Notably, this segment of vehicles accounts for approximately 46% of the fossil fuel consumed for transport, highlighting the significant need to transition to electric variants.

“The transportation sector is the biggest contributor to greenhouse gas emissions in Sri Lanka,” said Rick Whitaker, Chief of Party, the USAID Sri Lanka Energy Program. “Transitioning to electric two-wheelers and three-wheelers will help mitigate the negative environmental impact, reduce dependance on fossil fuels and minimize the foreign exchange outflows for fuel. Therefore, our Sri Lanka Energy Program was happy to support this innovative initiative that supports the use of renewable energy to advance sustainable E-mobility in the country.”

“We are excited to embark on this new initiative, which we see as yet another way of serving our nation,” said Sukitha Arangallage, Head of Sustainability, Cargills (Ceylon) PLC. “Taking into account our island-wide reach, we are delighted to be able to support Sri Lanka’s transition to renewable energy powered transport. We are confident in our ability to play a key role in this endeavor and trust that the results of the pilot program will help in the wider vision to expand the project across the country in due course.”



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.

The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.

Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.

The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.

The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.

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CEAT Kelani retains AA+ rating for sixth year

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CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.

The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.

Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.

The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.

Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.

The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.

CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.

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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.

Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.

The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.

Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.

The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.

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