Business
Credence launches the COVID Diagnostics Center
Credence Genomics, trail blazers in the area of genome diagnostics, has launched the COVID Diagnostics Center to cater for the needs of COVID RT-qPCR testing in Sri Lanka. The company announced last week.
The COVID Diagnostics Center is a diagnostic grade facility with the capacity to deliver over 6,000 tests, a four- hour reporting time and a lab time of 70 mins. Credence CDC President Dr. Sarath Paranavitane, an industry veteran who has been involved in many important local and international healthcare projects that cater to high quality testing and patient care, who will be heading the Centre said.
“The vision behind the COVID Diagnostics Center (CDC) is to serve the need for rapid high quality PCR testing where a patient can conduct the gold standard qPCR test within three hours based on enhanced technology investments. The unit uses robotic magnetic bead extractors from Pentabase Denmark, a leader in RNA extraction and qPCR. The units are used in major airports, and health institutions including Sri Lanka’s BIA lab which conducted 100,00 tests on this platform recently”, said Paranavitane.
Credence CDC also uses diagnostic grade approved RT-qPCR machines from leading suppliers in a purpose-built facility designed specifically to prevent contamination, while a team of award-winning Lankan scientists with global delivery experience is behind every single test. The facility follows strict decontamination and fogging protocols ensuring the integrity of the unit and in turn each sample, a news release said.
“Each sample is registered online, and sample integrity is checked through multiple quality control parameters, while Credence only works with collectors who are evaluated and certified by a consultant microbiologist or virologist”.
Paranavitane went on to say that the COVID Diagnostic Center has been conceived to respond to the national need for high quality, rapid, and precise PCR testing. An early test result will enable the Sri Lankan workforce to take prompt action in keeping with the government guidelines which in turn will help the workforce to return to work early and ensure smooth functioning of the organization.
“A test of this speed, accuracy and cost effectiveness will reduce the government burden by encouraging early home isolation and also curtail spread of COVID 19.”
The uniqueness of the Credence lab vis-a- vis other facilities includes the fact that it is the only facility that could perform 6,000 tests per day and give a report in four hours, the entire process from collection point to generation of a report can be viewed on line by an access given from a dedicated portal, and all tests are done on a diagnostic platform as opposed to a research platform with no pooling of samples.
The process is automated with minimal human interaction thereby ensuring 100 % accuracy. Every report carries the CT value in compliance with WHO and CDC guidelines, while the team of collectors are trained and certified by a consultant microbiologist and consultant physician [Dr Paranavitane] on an ongoing basis, with weekly reviews.
“Collection of samples as you are aware is the first most important step in this process of PCR testing as if this is not done properly, the subsequent steps leading to report generation becomes a futile exercise” said Paranavitane.
CEO, Credence Genomics Dr. Vaz Gnanam said “the COVID Diagnostic Center is an amalgamation of scientists, healthcare professionals, and the most advanced technology along with data systems and processes under the exemplary leadership of Dr. Sarath Paranavitane in response to the national crisis caused by COVID. Credence Genomics considers it a privilege to serve our nation at this time of crisis.
Dr. Vaz Gnanam futher said that Credence Genomics is honoured to join hands with the Central Medical Centre (PVT) Ltd. at Kohuwala – a longstanding and reputed family practice of Dr.Sarath Paranavitane’s to take forward the concept of next generation sequencing in cancer management at both primary and secondary healthcare levels
Credence Genomics (Pvt) Limited is Sri Lanka’s first and foremost clinical genomics laboratory to provide high throughput, high quality next generation sequencing services. Credence Genomics services both international and local genetic testing markets by exporting high quality testing services and products. A long term collaboration with Apollo Hospitals in India , has seen Credence’s unique infectious disease Bactfast and Fungifast being used across the board at arguably the largest South Asian healthcare services provider. Credence Genomics has forged many partnerships globally and delivers their oncology and fertility range apart from the award winning dxn1 – infectious disease range.
Business
Kandy driving school hits 100,000-driver milestone, sets sights on expansion
Dhasuni Learners in Kandy have trained over 100,000 drivers, marking a major milestone in the institution’s journey from a modest start-up to one of the region’s leading driver education providers.
Founded on March 31, 2008, in the historic hill capital, the institution began with just a single van, one three-wheeler and one motorcycle. Built on what its founder describes as a commitment to road safety and public service, the driving school has since expanded into a multi-branch operation with six centres across the Kandy district.
Today, Dhasuni Learners has emerged as a significant player in Sri Lanka’s driver training sector, producing thousands of licensed motorists annually while also contributing to local employment generation. The organisation’s broader mission, according to its management, has been to foster disciplined and road-conscious drivers who adhere to traffic regulations.
Over the years, the institution has received multiple accolades for its service standards and entrepreneurial achievement. These include the ‘Best Young Entrepreneur Award’ and ‘Seva Taru Tuthe Award’ in 2018, followed by One-Star and Two-Star service ratings from the Ministry of Industries in 2019 and 2020. It has also secured top rankings from the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) at national and provincial levels.
More recent recognitions include the ‘Best Driving School Award’ in 2023 and the ‘Pitkal Award’ for business excellence, along with a 2025 honour from the Trade Front in collaboration with the Ministry of Industry.
by SK Samaranayake
Business
HNB Life Introduces “Privileged Protect”, a Future-Ready Protection Solution for a New Generation
Marking a significant milestone in its journey as it celebrates 25 years of trust and transformation, HNB Life has introduced Privileged Protect, a novel universal life insurance solution designed to meet the evolving financial and protection needs of modern Sri Lankans.
Developed as an evolved protection offering, Privileged Protect combines short-term premium commitments with long-term financial security, giving customers the flexibility to build wealth while safeguarding their future and loved ones.
Designed for individuals seeking comprehensive life protection with greater financial convenience, the product offers a shorter premium paying term while ensuring continued long-term coverage and investment growth opportunities. The policy also includes six compulsory protection benefits, dividend and loyalty dividend entitlements, partial withdrawal facilities after five years, and the ability to convert the maturity value into a monthly income stream. Customers are also provided the flexibility to continue optional riders beyond the premium paying term and enhance their investment through top-up premiums.
Commenting on the launch, Lasitha Wimalaratne, Executive Director / Chief Executive Officer of HNB Life, stated, “As we embark on a bold new chapter as HNB Life, the introduction of Privileged Protect reflects our commitment to continuously evolve alongside the changing aspirations of our customers. Today’s customer seeks greater flexibility, stronger protection, and smarter financial planning solutions that align with their lifestyle and long-term goals. This product has been thoughtfully designed to address those expectations while delivering the security and confidence our policyholders value. As we celebrate 25 years of excellence, we remain focused on shaping the future of insurance through innovative solutions that are relevant, accessible, and future-ready.”
Also sharing his thoughts, Dinesh Udawatta, Executive Vice President / Chief Technical Officer stated, “The modern customer is increasingly looking for insurance solutions that go beyond traditional protection. Privileged Protect is an evolved offering built around convenience, flexibility, and long-term value creation. It is designed for individuals who want to secure their future with shorter payment commitments while continuing to enjoy meaningful protection and wealth accumulation benefits. As HNB Life, we are committed to introducing customer-centric innovations that empower Sri Lankans to confidently plan for the future.”
With the launch of Privileged Protect, HNB Life continues to strengthen its portfolio of future-focused insurance solutions, reinforcing its commitment to protecting lives while empowering customers to achieve long-term financial wellbeing in an ever-evolving world. HNB Life PLC is licensed by the IRCSL and all policyholders are advised to read the policy document before concluding a sale to understand benefits, exclusions, terms and conditions.
Business
Sri Lanka’s Nazri Nizar elected to YPO global board in historic first
For the first time in the 76-year history of the Young Presidents’ Organisation (YPO), a Sri Lankan has been elected to its global board, with business leader Nazri Nizar securing a position on the governing body of one of the world’s most influential leadership organisations.
The appointment was confirmed at the YPO Annual General Meeting held on 21 May 2026. Nizar will serve as a YPO global board director from 2026 to 2029 and will concurrently serve as chair of the YPO Global Forum Committee.
Founded in 1950, YPO is a global leadership community comprising more than 38,000 chief executives, entrepreneurs and business leaders across 150 countries. Collectively, its members lead organisations generating approximately US$9 trillion in annual revenue, placing YPO among the most influential peer leadership networks in the world.
Unlike traditional business associations, YPO is built around the philosophy that leadership is a lifelong pursuit. Through a combination of executive education, peer learning and confidential leadership forums, the organisation provides a platform for business leaders to learn from one another’s experiences and navigate the personal and professional challenges that accompany leadership. At a time when organisations are navigating unprecedented technological, economic and social change, platforms such as YPO continue to underscore the importance of learning, collaboration and leadership across borders.
Nizar’s election follows years of service within the organisation. He has previously served as chapter chair of the YPO Colombo Integrated Chapter, been a member of the YPO South Asia Regional Board and, most recently, served on the YPO Global Forum Committee. In addition to his responsibilities as a global board director, Nizar will lead the Global Forum Committee, which oversees one of YPO’s most valued and enduring member experiences.
Commenting on the appointment, Nizar said YPO had played a defining role in shaping his leadership journey.
“YPO taught me that leadership is not about having all the answers. It is about continuous learning, trusted relationships and the willingness to grow through the experiences of others,” he said.
Describing the appointment as both humbling and inspiring, Nizar said he hoped the milestone would encourage more Sri Lankan leaders to engage with global platforms, contribute to international conversations and share their experiences with peers around the world.
Nizar currently serves as group managing director of Richardson Holdings, a diversified Sri Lankan enterprise with interests spanning engineering, infrastructure, renewable energy, manufacturing and out-of-home advertising.
His election represents a notable achievement for Sri Lankan business leadership and reflects the increasing contribution of Sri Lankan executives within international leadership networks.
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