Business
Common man doesn’t want to see country jumping from the frying pan into the fire, says EDB chief

By Sanath Nanayakkare
The common man doesn’t want to see the country jumping from the frying pan into the fire, so whatever we do, it needs wider consensus among the public, normalized behavior and intelligent thinking, Suresh Dayanath de Mel, chairman and Chief Executive, Sri Lanka Export Development Board said during an exclusive interview with The Island Financial Review yesterday.
Excerpts from the interview with the EDB chief:
“Despite the ongoing crisis, Sri Lankan exporters have been very resilient. The export market is very good. The orders are steady. However, we are concerned that the persistent negative publicity about Sri Lanka in the foreign media could tarnish our international image. Our buyers overseas are getting anxious whether Sri Lankan exporters will be able to deliver their orders with the same firmness as they did before. This is a great concern for the EDB and all businesses that bring in foreign exchange to the country.
“We have been able to sort out the fuel shortage faced by the exporters because they pay in US dollars. The Ceylon Petroleum Corporation (CPC) and Lanka IOC both deliver fuel to exporters. The challenge here is, these institutions issue fuel to us in browser loads. So it’s difficult for small and medium enterprises (SMEs) to store fuel due to lack of storage facilities. They are getting fuel in the normal way by waiting in queues with other vehicles at filling stations across the country. So, a number of SMEs are going to be affected by this situation because they don’t have storage facilities, therefore, we are encouraging SMEs to come together, buy a bowser load of fuel and then share it among them. That’s happening now. Up to now, many exporters have managed the fuel crisis well. But honestly, some of them are struggling to find fuel for their operations. Last week was a bit of a mess. The logistics sector also experienced the shortage of fuel which was also sorted out. With all that said, the good news is; Sri Lanka’s export trade remains resilient with US$ 6 billion of export earnings in the first-half of the year.”
When asked about the current social unrest, he said,” Anything we do, shouldn’t be radical in a negative way. Most importantly, a peaceful transition of administration needs to happen in a non-violent manner and it needs to happen as quickly as possible because exporters need a government which has the capacity to solve the economic crisis. Shortage of fuel, LP gas, food, medicine etc. occurred with the depletion of our foreign exchange reserves. So we have to restore political stability to address the economic crisis. Exporters earn foreign exchange for the country and the right conditions need to be created soon to facilitate their operations.”
When asked about the IMF programme, he said, “An extended fund facility programme from the IMF will be favourable for Sri Lanka to regain confidence of the international financial markets and that will be a boon to the export sector as well. There are some citizens who think that we can do without the IMF. I think we should be able convince them that we need assistance from the IMF, increased export earnings and other fiscal consolidation moves, to put the economy back on track and shift it to a growth path subsequently. The thing is, if the country continues to project a negative outlook in the foreign media, our buyers will lose confidence in our ability to deliver in time and it could have repercussions on our export trade.”
He went on to mention that there have been some export order cancellations.
“However, in most cases, our overseas buyers have been watching the situation in Sri Lanka with patience. They follow each and every news alert on Sri Lanka hoping that we will get over the crisis as a collective nation and get back to normalcy rather quickly. So we need to project the image and perception to the world that we are stabilizing. If the current situation persists, they may run out of patience and decide that they can no longer depend on Sri Lanka as a reliable supplier and exporter. We all know that Sri Lanka has successfully emerged from its previous crises such as its protracted war in the North, tsunami, Easter Sunday attack and Covid-19 pandemic, during which our exporters showed great resilience and their ability to deliver the goods. We need to keep in mind that our exporters are operating in a highly competitive global business environment today. Buyers have access to alternative exporters in other countries. This is true for all sectors in the export trade. For example, the apparel sector is receiving new orders around this time of the year and we shouldn’t let that business go elsewhere. That’s a concern for us. Not only apparel, all other sectors in the export trade may face a similar situation. Another example is; agri products portfolio in our export basket is growing and we have to ensure that it accelerates its expansion momentum”.
Responding to a question on political stability, the EDB chief said, “Whatever we do, we need consensus from the wider public. Protestors also now have to normalize and be seen as intelligent. If they become violent, then people won’t tolerate that because at the end of the day the common man is watching. They want to see that the country doesn’t jump from the frying pan into the fire.”
Business
Acuity Knowledge Partners fuels global finance with Sri Lanka’s homegrown talent

In an era where global financial markets demand innovation and agility, Acuity Knowledge Partners has positioned Sri Lanka as a strategic hub for high-value knowledge services. At the helm of this transformation is Jehan Jeyaretnam, Country Head of Acuity’s Sri Lanka operations, whose two-decade journey with the firm mirrors the nation’s growing prominence in the global knowledge process outsourcing (KPO) sector.
Sri Lanka’s exceptional talent pool, which is highly educated, tech-savvy, and globally aware, is the cornerstone of Acuity’s success, asserted Jeyaretnam during an interview with The Island Financial Review. The following are some excerpts from the interview.
“With over 500 professionals in Sri Lanka supporting global clients in investment research, compliance, and data analytics, the firm has forged robust partnerships with universities like Kelaniya, fostering talent through graduate programmes, mentorship, and initiatives such as its decade-long sponsorship of inter-university academic competitions.’’
“Acuity’s commitment to nurturing expertise is evident in its status as a leading employer of CFA charter holders locally and its consistent recognition as a top employer by AICPA & CIMA, climbing to 9th place globally in 2024. Our people access global opportunities and clear career pathways,” Jeyaretnam noted, emphasising long-term growth over talent development.
“Beyond its economic footprint, Acuity’s “Be Kind” ethos drives community initiatives focused on education, sustainability, and welfare. Partnerships with NGOs like Child Action Lanka, tree-planting campaigns, and digital literacy programmes underscore Acuity’s dedication to uplifting underserved communities. Giving back isn’t optional. It’s ingrained in our culture,” Jeyaretnam stated.
Reflecting on his 20-year journey, Jeyaretnam attributed Acuity’s evolution from a ‘small team with big ambitions’ to a global KPO leader with a philosophy centered on trust and empowerment.
“Leadership is about building others up,” he said, highlighting mentorship and continuous learning as catalysts for innovation.
When asked about his personal accomplishments, he said, “Witnessing employees ascend to leadership roles is my most rewarding accomplishment.”
To youth eyeing careers in capital markets, Jeyaretnam advised adaptability, curiosity, and integrity.
“Success stems from asking questions, seeking feedback, and grounding yourself in financial fundamentals,” he stressed, citing Acuity analysts who’ve risen to become industry experts.
As Acuity eyes the future, Jeyaretnam reaffirmed its commitment to innovation, talent development, and scaling Sri Lanka’s capabilities.
“We’ll keep investing in Sri Lanka, ensuring we’re resilient and ready to meet tomorrow’s challenges together,” he asserted, encapsulating Acuity’s clients, employees and stakeholders.
In a world where knowledge is currency, Acuity Knowledge Partners and Sri Lanka’s talent are proving to be invaluable global assets.
By Sanath Nanayakkare
Business
John Keells Properties and MullenLowe unveil “Minutes Away”

In a bold and pioneering move, John Keells Properties (JKP), in collaboration with MullenLowe, has launched “Minutes Away – The Smartest Campaign in Sri Lanka” for JKP’s smart apartment development, TRI-ZEN. Redefining how real estate is experienced and promoted in the digital age, this campaign is the first in Sri Lanka to utilize Meta Ray- Ban Smart Glasses—bringing viewers into a fully immersive, first-person perspective that captures the essence of smart urban living like never before.
As Sri Lanka’s first smart apartment complex, TRI-ZEN has consistently set new benchmarks in urban innovation. Now, with the Minutes Away campaign, John Keells Properties elevates its brand storytelling by delivering a unique point-of-view (POV) journey, giving audiences the chance to see through the eyes of a resident navigating the conveniences of smart city living—from seamlessly connected spaces to vibrant city life just minutes away.
“Innovation is embedded in the DNA of John Keells Properties,” said Chamal Fonseka, Assistant Vice President of John Keells Holdings and Head of Brand Strategy s Customer Experience at John Keells Properties. “With ‘Minutes Away’, we wanted to push the boundaries of how real estate is communicated. The use of Meta Ray-Ban Glasses not only allows us to immerse our audience in the daily rhythm of a TRI-ZEN resident—it also marks a first for Sri Lanka in terms of campaign technology and narrative style. This campaign is not just about showcasing a product—it’s about enabling prospective homeowners to feel the lifestyle TRI-ZEN offers. And there’s no better way than putting them quite literally in the shoes of a resident.”
The Meta Ray-Ban Glasses are at the heart of this one-of-a-kind activation, enabling content to be captured from a natural, unfiltered perspective—no gimbals, no staging, just real- time storytelling. Whether it’s a short commute to Colombo’s key hotspots, smart home features activating at a touch, or the energy of city life just steps away, the viewer experiences it all through the eyes of the modern, connected homeowner.
Business
Amana Life policyholders enjoy 19 percent return on their Gold Investment Fund

As global gold prices soar and investors worldwide turn to gold as a trusted store of value, Amana Life Insurance stands out for offering Sri Lankans a rare and rewarding opportunity to invest in gold through life insurance.
Amana Life Insurance is the only life insurer in Sri Lanka offering customers access to a dedicated Gold Investment Fund across all life insurance products including retirement, education, and health plans. This presents a unique opportunity for Sri Lankans to save in gold and receive gold at maturity, combining financial protection with the long-term stability of a globally valued asset.
As of March 31st, 2025, the Gold Investment Fund delivered an impressive 12-month return of 19 percent, offering strong returns for policyholders who chose the Gold Fund investment option as part of their wealth planning strategy.
Whether you’re planning for your child’s education, retirement, or long-term wealth creation, Amana Life Insurance gives you access to one of Sri Lanka’s most diverse and high-performing investment portfolios. These include the Protected Multiple Fund, Stable Multiple Fund, Growth Multiple Fund, Volatile Multiple Fund, Bullion Multiple Fund, and the standout Gold Investment Fund, each designed to match different financial goals and risk profiles.
Commenting on the fund’s performance, Gehan Rajapakse, CEO of Amana Life Insurance, stated: “The continued rise in global gold prices underscores the importance of offering innovative, long-term investment options. The strong performance of our Gold Investment Fund reflects our deep commitment to creating lasting value for our policyholders. However, we remind customers that past performance is not indicative of future results, and every investment should be aligned with one’s financial goals and market outlook.”
As Sri Lanka’s most awarded insurer, Amana Life Insurance continues to lead with foresight, innovation, and a customer-first mindset, enabling every Sri Lankan to secure their future with confidence and clarity.
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