Business
Chairman of Velona Cuddles keeps Sri Lankan flag flying high at ACEF Asian Leaders Awards 2021
Velona Cuddles (Pvt) Ltd., was in the limelight at the 2021 edition of the ACEF Asian Leaders Awards for Branding, Marketing and CSR, clinching 5 Gold awards in multiple categories. These categories included the ‘ACEF Asian Business Leadership’, ‘ACEF Marketing Leader of the Year’, ‘Excellence in Customer Service Strategy’, ‘Best Eco Product/FMCG’ and the ‘Best Eco Focused Organisation/FMCG’. These prestigious awards further cement the brand as a market leader in baby hygiene products and solidifies the brand’s commitment to being a sustainable, responsible and an eco-friendly corporate.
As recognition for his invaluable leadership and integral role in the company’s great success over the years, Dr. Gehan De Soysa, Chairman of Velona Cuddles (Pvt) Ltd., won two Gold awards in the ACEF Asian Business Leadership and ACEF Marketing Leader of the Year categories.
Commenting on these achievements, Dr. Gehan De Soysa stated, “I am honoured to have been bestowed with these two awards and it is truly a highlight in my career, and I couldn’t be happier. I also could not be prouder of the team at Velona Cuddles for bagging multiple awards on this prestigious platform. We have always strived to be a company with a heavy focus on sustainability while being a responsible corporate citizen. I am truly amazed by our R&D team who worked tirelessly to develop products to stay true to this cause and in turn, earning the company these prestigious awards”.
Velona Cuddles (Pvt) Ltd. took home a Gold Capability Award in the Excellence in Customer Service Strategy category. This was achieved by identifying the need for a more convenient means of ordering and purchasing products, through the Velona Cuddles Diaper Subscription App. The App, a first of its kind in Sri Lanka, enabled users to make one-off orders, preschedule diaper orders with an island wide delivery capability. The App also allows users to customise bundles to suit their needs while offering an attractive loyalty programme as well.
Velona Cuddles (Pvt) Ltd, bagged two Grand-Prix awards in the Best Eco Product/FMCG and the Best Eco Focused Organisation/FMCG categories for the introduction of the eco-friendly and biodegradable range of bamboo diapers. The range includes the Velona Cuddles Australian Bamboo Diaper with a 75% capacity of deteriorating within three months, and Bamboo Water Wipes which are 100% biodegradable and is the only product in the market that utilises a natural wiping material.
A market leader in the baby hygiene sector of the nation, Velona Cuddles (Pvt) Ltd., has grown its revenue at a rate of 34% annually since the introduction of the Velona Cuddles Diaper range. The diaper range has also been successfully introduced to foreign markets such as Australia, Indonesia, Kiribati, Mongolia, Vanuatu, Israel, Malaysia, Maldives, Qatar and Vietnam.
Business
Financial literacy central to country’s development – CBSL Governor
By Hiran H. Senewiratne
Sri Lanka’s financial literacy rate is approximately 58 percent. Such literacy is absolutely necessary for the inclusion of people in the country’s financial system which in turn is central to overall economic development, Central Bank Governor Dr. Nandalal Weerasinghe said.
‘One needs to have knowledge and skills of a financial nature to figure in financial inclusiveness. While 86 percent of Sri Lanka’s population has access to the country’s financial system, 82 percent of the public has at least a savings account in the country’s banking system, Dr Weerasinghe said.
The Governor made these comments recently at the inauguration of Financial Literacy Month 2026 at the Central Bank’s Centre for Banking Studies, Rajagiriya.
Dr. Weerasinghe added: ‘Suitable, affordable and quality financial instruments are needed to enhance financial literacy in the country.
‘Financial information has to be accurate, risk-free and accountable, thus creating confidentiality in the financial system, which would enable the sector to reach greater heights’.
Meanwhile CBSL sources said: ‘The Literacy Month opened with the two-day ‘FinLit Expo Colombo’. The expo gives the public the opportunity to engage with institutions, better understand financial services, gain practical insights into managing their finances and learn how to protect themselves from financial fraud and scams.
‘The CBSL is leading the program in collaboration with stakeholder institutions. It forms part of the Financial Literacy Roadmap for Sri Lanka, which is implemented under the National Financial Inclusion Strategy (NFIS), the national framework for widening access to and use of formal financial services.
‘The Colombo event will be followed by six regional ‘FinLit Expos’ aimed at direct engagement with local communities. Partner institutions will also run awareness activities. Together, the events are intended to provide financial education to communities and encourage people to apply financial knowledge in everyday life.
‘A public awareness campaign on television, radio, newspapers and social media will extend the program’s reach. The program also includes digital financial literacy activities and the promotion of QR codes and other online payment methods.
‘The public and stakeholder institutions are encouraged to take part in the month’s activities under the theme, “Towards a Financially Literate Sri Lanka”.
Business
HUTCH strikes five awards as the only telco honoured at SLIM DIGIS 2.6
HUTCH Sri Lanka strengthened its position as a leader in digital engagement by securing five accolades at SLIM Digis 2.6, emerging as one of the most recognized brands at this year’s digital excellence awards. The achievement was further highlighted by HUTCH being the only telecom operator to be recognized at the event.
Organized by the Sri Lanka Institute of Marketing (SLIM), SLIM Digis is Sri Lanka’s premier platform celebrating excellence, innovation, and outstanding achievements in the digital marketing industry. The recognition highlights HUTCH’s growing strength in digital-first, agile, and creative marketing, and its ability to respond to everyday moments, engage audiences, and deliver impactful digital campaigns.
The Gold Award for Best Use of Agile and Moment Marketing, a Silver for Best Use of Digital in a Marketing Campaign, and a Bronze for Best Performance Marketing were all awarded for “Keeping Sri Lanka Connected Through Ditwah,” HUTCH’s response to the cyclone that struck Sri Lanka in November 2025, recognised for the speed and relevance with which HUTCH kept customers better connected and informed.
HUTCH Roaming also earned two further Bronze awards for Best Use of Digital in a Marketing Campaign and Best Use of Creative Content. Bringing together AI-led storytelling, the campaign was designed around distinct customer clusters, each characterized by unique travel behaviours, needs, and perceptions, delivering relevant content for different audiences within a single overarching campaign.
“These wins are a strong reflection of how HUTCH approaches marketing today, staying close to the moments that matter to our customers and responding with speed, relevance, and creativity. Being the only telco recognised at SLIM DIGIS 2.6, and across five categories, is proof that agility and thoughtful storytelling can go hand in hand. This recognition reflects the collective efforts with our strategic partners, whose collaboration, expertise, and shared commitment brought great campaigns to life,” said Hamdhy Hassen, Chief Marketing Officer, HUTCH Sri Lanka.
Business
Fairway Colombo named Official Accommodation Partner of Manhunt International 2026
Sri Lanka’s Smart Luxury Business Hotel to Host Delegates and Contestants from Over 40 Countries as the Island Nation Hosts Its First-Ever Global Pageant of This Scale
Fairway Colombo, a subsidiary of Fairway Holdings (Pvt) Ltd, has been appointed as the Official Accommodation Partner for Manhunt International 2026, one of the world’s most prestigious male pageants, scheduled to take place in Sri Lanka.
The event marks a historic milestone for Sri Lanka, as the country prepares to host a global pageant of this scale for the very first time. More than 40 contestants representing countries from across the world will arrive in Colombo, bringing together diverse cultures, international media attention, and a global audience — further strengthening Sri Lanka’s position as a premier destination for tourism, culture, and hospitality.
As the official accommodation partner, Fairway Colombo will welcome and host international delegates and contestants throughout their stay in Colombo, delivering the exceptional hospitality experience and personalized service that the hotel is recognized for.
A Landmark Partnership for Sri Lankan Tourism
“We are truly honored to be selected as the Official Accommodation Partner for Manhunt International 2026. This partnership is a proud moment not only for Fairway Colombo but also for Sri Lanka as a whole. Hosting an event of this global stature provides us with an opportunity to showcase our commitment to smart luxury, innovation, and authentic Sri Lankan hospitality to an international audience. We look forward to creating a memorable and seamless experience for all delegates and guests,” said Avinga Wanigasekara, General Manager of Fairway Colombo.
Strategically located in the heart of Colombo’s historic Fort district, Fairway Colombo is recognized as a Smart Luxury Business Hotel, combining modern comfort, advanced technology, and exceptional service. As part of Fairway Holdings (Pvt) Ltd, the property represents the group’s vision of delivering innovative, world-class experiences across the hospitality and leisure sectors.
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