Business
CMA rings the bell with CSE, to recognize and promote integrated reporting
The Institute of Certified Management Accountants of Sri Lanka (CMA), in collaboration with the Colombo Stock Exchange (CSE), rang the market opening bell to commemorate the CMA Sri Lanka Excellence in Integrated Reporting Awards, with the objective of recognizing and promoting integrated reporting among the publicly quoted companies.
The ceremony was attended by the CMA President, Professor Lakshman R. Watawala, Professor Ho Yew Kee from the Singapore Institute of Technology as the Keynote Speaker, CMA Vice President, Hennayake Bandara, Deshapriya Senanayake, Partner Tudor V. Perera & Co., Ms. Dharshini Watawala, Associate Director at PWC Sri Lanka, and senior management from CMA Sri Lanka.
The CSE was represented by the CSE Chairman, Dilshan Wirasekera, CEO, Rajeeva Banadaranaike, and senior management.
Welcoming the invitees to the ceremony, CSE Chairman, Dilshan Wirasekera, congratulated CMA for all the hard work put in over the last 23 years. “For us at CSE, we are proud of partnering with CMA, because we are a disclosure-based market and we believe in promoting the principles of integrated reporting is not just for companies itself or the shareholder, but I think its more for the general public and for all investors who trade to make the information more transparent. We look forward to this partnership, and we hope the bond between our two institutes will get stronger.”
Presenting his views on the CMA Excellence in Integrated Reporting Awards, CMA President Professor Lakshman R. Watawala stated, “In addition to being a sponsor of the CMA Excellence in Integrated Reporting Awards, CSE has been a supporting partner for a long time. We have been having experts from South Africa, Singapore, Australia, and many others, including our own experts, who have been supporting us, and we have been able to get independent opinions on the awards given. I would like to mention Professor Ho Yew Kee, who has been the Chairman of the CMA Excellence in Integrated Reporting judging panel for the last seven years, from its inception.”
“The main thing is that we are able to measure the value creation of companies. All stakeholders are looking for value creation, and in value creation, there are some important elements that we take into account, which are called the six capitals. In addition to the financial capital there is the manufactured, intellectual, human, social and relationship and natural/environmental capitals.”
The keynote speaker of the event, Professor Ho Yew Kee from the Singapore Institute of Technology, shared his views on the importance of integrated reporting. “CMA Sri Lanka was able to capitalize on the importance and adopt a very proactive step in adopting the integrated reporting framework because it believes that the integrated reporting at the end of the day provides a good framework to allow a company to signal the value creation. This is particularly consistent with what the CSE is all about: creating wealth and value. The integrated framework allows companies not only to be able to perform or show the financial statements, but to articulate the reasons, the contributions, the factors, the risks, and the opportunities in the value creation process.”
Business
Sri Lanka Tourism makes a strong impression at CMT 2026 in Stuttgart, Germany
Sri Lanka Tourism marked its presence at CMT 2026, held in Stuttgart, Germany, one of the largest consumer travel fairs in Europe. The Sri Lanka Stand accommodated representatives from the local tourism industry, providing a valuable platform to connect directly with the German travel community, particularly travellers with long-haul travel intentions.
Sri Lanka’s participation at CMT 2026 enabled direct engagement with consumers and helped stimulate interest in exploring the country’s diverse and year-round travel experiences. This presence addressed a long-standing need for Sri Lanka Tourism to participate in major consumer-focused travel platforms, effectively taking destination promotion directly to the travellers’ doorstep.
A wide range of travel packages, customised itineraries, accommodation options, and experiential offerings were presented to interested German consumers by Sri Lankan DMCs, under the umbrella of Sri Lanka Tourism. The platform also allowed potential travellers to clarify concerns and queries related to planning travel to Sri Lanka through direct, face-to-face interactions with industry professionals.
These direct engagements enabled Sri Lankan industry participants to gain valuable insights into emerging travel interests, changing consumer behaviour, and evolving customer expectations in the German market. The face-to-face discussions with end consumers strengthened the industry’s understanding of demand trends and product requirements.
Strategically, Sri Lanka Tourism’s focus on B2C promotions serves as a catalyst for strengthening B2B platforms, ensuring that final decision-makers—the travellers—are actively engaged alongside trade partners. This alignment enhances the overall effectiveness of trade collaborations. Well-designed consumer promotion activities, including giveaways, contests, experiential engagements, and cultural performances, created emotional connections with visitors, improved destination recall, and reinforced Sri Lanka’s positioning as a compelling long-haul destination. (Sri Lanka Tourism)
Business
Adora raises the bar for hospital-backed aesthetic care in Wattala
Dr. Piyumini Gunasekara on advanced non surgical treatments
Hemas Hospitals has strengthened its regional healthcare positioning with the launch of Adora Cosmetic Centre at Hemas Hospital Wattala, introducing a hospital-backed, clinically governed model of aesthetic medicine at a time when South Asia’s cosmetic sector is expanding faster than regulation.
Unlike standalone cosmetic clinics, Adora is fully integrated into the Hemas Hospital ecosystem, embedding aesthetic services within hospital-grade infrastructure, multidisciplinary medical support and internationally aligned clinical governance.
Speaking at the launch, Dr. Lakith Peiris, Managing Director of Hemas Hospitals & Labs, said the centre represents a deliberate shift in strategy.
“Adora is not about cosmetic enhancement alone. It is built on protocols, trained clinicians and governance. As healthcare providers scale across the region, safety and medical credibility must remain non-negotiable,” he told The Island Financial Review.
The centre is positioned as a health-class facility, combining advanced aesthetic technologies with evidence-based medical pathways. This approach addresses growing regional concerns over unregulated cosmetic practices, offering patients reassurance through professional oversight and ethical medical standards.
Prabhan Gunawardena, Director General Manager of Hemas Hospital Wattala, said the initiative reflects both clinical responsibility and business foresight.
“The cosmetic industry is evolving rapidly across South Asia. Adora demonstrates how innovation can be scaled responsibly when anchored in medical expertise and hospital governance,” he said.
Detailing the centre’s scope, Dr. Piyumini Gunasekara, Medical Officer – Adora Cosmetic Centre, said treatments are designed to address medical and aesthetic concerns through personalised, evidence-based care.
She told The Island Financial Review:”We offer advanced non-surgical treatments for concerns such as hyperpigmentation, acne and acne scarring, fine lines and wrinkles, collagen loss, enlarged pores, rosacea, UV damage, excessive sweating, warts and moles. Every procedure is clinically assessed and delivered within a hospital-backed framework to ensure safe and sustainable outcomes.”
Clinical governance remains central to operations, reinforced by Dr. Malith Atapattu, Director – Medical Services and Quality, who highlighted the importance of protocol-driven care in a sector often challenged by inconsistent standards.
As Sri Lanka positions itself as a regional healthcare and medical tourism destination, hospital-led aesthetic centres such as Adora signal a broader industry shift—where growth is aligned with governance, trust and long-term sustainability.
For Hemas Hospitals, Adora represents a calculated entry into a high-growth segment without compromising medical integrity. For the region, it underscores a clear message: the future of aesthetic care lies in hospital-backed, clinically governed models—not cosmetic shortcuts.
By Ifham Nizam
Business
John Keells Consumer Foods Sector dominates SLIM National Sales Awards 2025 with landmark wins
The John Keells Consumer Foods Sector (JKCF) has reinforced its standing as a powerhouse in Sri Lanka’s FMCG industry with an exceptional performance at the SLIM National Sales Awards 2025, securing an impressive total of 27 awards. This remarkable achievement reflects the sector’s unwavering commitment to building high-performing teams, nurturing sales excellence, and driving sustained growth across its diverse business verticals.
Representing the iconic brands of Ceylon Cold Stores PLC (CCS), Keells Food Products PLC (KFP), and Colombo Ice Company (CICL), JKCF has long been recognized for its rich legacy of innovation and leadership in beverages, frozen confectionery, and processed foods. Its long-standing focus on people capability and performance culture continues to fuel industry-leading achievements, with the latest recognition at SLIM NSA 2025 marking one of the largest collective wins by a single organization in the event’s history.
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