Business
CEAT Kelani Holdings rated AA+ by Fitch for 4th successive year
Sri Lanka’s leading tyre manufacturer CEAT Kelani Holdings (CKH) has been assigned a National Long-Term rating of ‘AA+(lka)/Outlook Stable’ by Fitch Ratings for a fourth consecutive year, a rating Fitch said is supported by CEAT’s sustained leadership in the domestic pneumatic tyre manufacturing industry and the resilience of its financial profile.
In its announcement, Fitch Ratings said: “The Stable Outlook reflects Fitch’s belief in CKH’s ability to retain its market share despite increasing competition from imported tyres. It also indicates our expectation CKH will maintain adequate credit metrics and liquidity, even during periods of intensive investment.”
“We believe CKH is well-positioned to benefit from the potential lifting of a vehicle import ban in 2025 due to its strong brand and extensive distribution network,” the rating agency said, but disclosed that “Nonetheless, upside potential in medium- to long-term demand from such an event has not been factored into our rating case due to regulatory uncertainty.”
The AA+ credit rating is the second highest rating assigned by Fitch Ratings to reflect an entity’s ability to meet financial commitments. Key rating drivers for CEAT Kelani Holdings included a recovery in domestic tyre replacement amid a resumption in travel and improved fuel availability.
Commenting on the rating, CEAT Kelani Holdings Chairman Mr Chanaka De Silva said: “The four years in which CEAT Kelani has been rated AA+ represent some of the most tumultuous and challenging times for businesses in Sri Lanka, encompassing as they did, the global pandemic, the country’s economic crisis, the protests, the ousting of a president, and a highly-charged presidential election.
Business
A fresh chapter for the George Keyt Foundation: A renewed commitment to the Sri Lankan art ecosystem
The George Keyt Foundation (GKF), dedicated to preserving the legacy of modernist painter George Keyt and fostering local art, has announced strategic appointments to its leadership team, bringing together a mix of global academic expertise, corporate leadership, and artistic passion. These enhancements aim to inject fresh expertise and academic depth into the Foundation’s long-term vision.
Establishment of the New Advisory Committee
To broaden its operational reach and deepen its engagement with the global art market, the George Keyt Foundation has established an Advisory Committee. The newly appointed committee members include:
• Dr Sujatha Meegama is a Senior Lecturer in Buddhist Art History at the Courtauld. She is an acclaimed art historian, author and academic, bringing specialised knowledge in South Asian art history to guide the foundation’s curatorial and educational directives.
• Dr Shamil Wanigaratne: A clinical psychologist, author, and avid art historian, Shamil will lend his unique perspective to help the foundation design meaningful public outreach and cultural preservation strategies.
• Abbas Esufally: A veteran corporate leader and patron of the arts, Abbas is transitioning from his role as a GKF Trustee to this advisory position, where he will continue to offer his sharp business acumen and extensive network.
New Trustee Appointment
Leesha Captain has been appointed to the Board of Trustees. Inspired by Sri Lankan artists, Leesha is a recognised supporter of the local art scene. Leesha’s hands-on perspective will strengthen the foundation’s core team as they develop and design new art programs.
A Vision for the Future
“These new appointments mark an exciting chapter for us as we build on our decades-long history of promoting Sri Lankan artists,” says Malaka Talwatte, Chairman of the Foundation. “The combination of Leesha on the board, alongside the diverse expertise of our new Advisory Committee, will significantly amplify our efforts in curating high-profile exhibitions and expanding local and international partnerships”.
Business
Sun Siyam Pasikudah celebrates World Tourism Day with culture, cuisine and community
Sun Siyam Pasikudah, part of the Privé Collection under Maldivian-owned Sun Siyam Resorts, will mark World Tourism Day on 27 September 2026 with a full day programme celebrating the culture, cuisine and natural beauty of Sri Lanka’s east coast, paired with community focused sustainability activities.
The celebrations open with a special buffet of authentic Sri Lankan cuisine, followed by a street food festival showcasing regional snacks and traditional sweets rarely found on resort menus. A signature World Tourism Day mocktail and cocktail, created for the occasion, will be served through the day, while traditional Sri Lankan cultural dance performances bring the island’s heritage to life for guests.
Beyond the festivities, the resort has planned a tree planting activity with guests and a beach or park clean up campaign, both reflecting Sun Siyam Pasikudah’s ongoing commitment to responsible tourism along Sri Lanka’s northeast coast.
Business
Seylan Cards partners with Cinnamon City of Dreams to unveil ‘Lenny Jay’s Michael: Relive the Legend’
Seylan Cards has partnered with City of Dreams Sri Lanka, to present ‘This Is Michael: Relive the Legend’, a live tribute to the legacy, music, and energy of Michael Jackson. Held at City of Dreams Sri Lanka, from the 8th to the 9th of November 2026, the event offers Seylan Cardholders the unique opportunity to immerse themselves in premium entertainment and create extraordinary memories.
Standing as an internationally acclaimed Michael Jackson tribute production, ‘This is Michael: Relive the Legend’ has travelled across 15 countries and 25 cities. Performed by Lenny Jay, the tribute show honours the voice, costumes, and the iconic presence of Michael Jackson and his immense impact on the world, backed by an exhilarating cast of singers, dancers, and musicians.
The partnership expands Seylan Cards’ proposition, effectively opening the doors to exclusive entertainment, lifestyle, and experiential opportunities and allowing Cardholders to step into the experience of an authentic Jackson performance.
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